Elections and Designations. (a) Subject to the more detailed provisions of subsections 2.3(c), 2.3(d) and 2.3(e), each Party covenants and agrees with and in favour of each other Party to file its Canadian federal and provincial tax returns and make all other Canadian federal and provincial filings, notifications, designations and elections, including elections pursuant to Section 85 of the Tax Act, pursuant to the Tax Act and to make adjustments to its stated capital accounts for the purposes of the OBCA in accordance with the terms of the Tax Ruling and Opinion, the Plan of Arrangement and the Arrangement Agreement, as applicable, following the Effective Date. Subject to the more detailed provisions of subsections 2.3(c), 2.3(d) and 2.3(e), where an "agreed amount" (or any analogous term or concept under applicable provincial or foreign tax legislation) is to be included in any such election, such amount will be within the range contemplated by the Tax Act (or applicable provincial or foreign tax legislation) and will be the amount contemplated by the Tax Ruling and Opinion, the Plan of Arrangement and the Arrangement Agreement, as applicable.
Elections and Designations. To the extent applicable, all participant elections and beneficiary designations made by the Alpha Personnel under the Generico Profit Sharing Plan shall be transferred to, and be in full force and effect under, the New Alpha Profit Sharing Plan until such participant elections and beneficiary designations are replaced or revoked by the Alpha Personnel who made the election or designation.
Elections and Designations. (a) Subject to the more detailed provisions of Sections 2.3(c) and 2.3(d), each Party covenants and agrees with and in favour of each other Party to file its Canadian tax returns and make all other Canadian filings, notifications, designations and elections, including elections pursuant to Section 85 of the Tax Act, pursuant to the Tax Act and to make adjustments to its stated capital accounts for the purposes of the CBCA in accordance with the terms of the Tax Rulings and the Plan of Arrangement following the Effective Date. Subject to the more detailed provisions of Sections 2.3(c) and 2.3(d), where an “agreed amount” is to be included in any such election, such amount will be within the range contemplated by the Tax Act (or applicable provincial or foreign tax legislation) and will be the amount contemplated by the Tax Rulings, the Plan of Arrangement and the Arrangement Agreement, as applicable.
Elections and Designations. To the extent applicable, all participant elections and beneficiary designations made by Spinco Employees or Former Spinco Employees under the Xxxxxxx-Xxxxxx Profit Sharing Plan shall be transferred to, and be in full force and effect under, the Spinco Profit Sharing Plan until such participant elections and beneficiary designations are replaced or revoked by the Spinco Employee or Former Spinco Employee who made the election or designation.
Elections and Designations. 5.13 After the Closing, the Purchaser will cause the Target, at the request and expense of the Vendor, to prepare and file an election under subsection 93(1) of the Tax Act in respect of the Finance Company Reorganization designating such amounts as the Vendor will specify and subject to the consent of the Purchaser (which consent is not to be unreasonably withheld) to prepare and file any such other elections or designations with respect to Taxes, and take all necessary corporate action, steps or proceedings necessary or desirable as requested by the Vendor, in connection with the Finance Company Reorganization.
Elections and Designations. To the extent applicable, all participant elections and beneficiary designations made by Xxxxx Employees or Former Xxxxx Employees under the Xxxxxxx-Xxxxxx Profit Sharing Plan shall be transferred to, and be in full force and effect under, the Xxxxx Profit Sharing Plan until such participant elections and beneficiary designations are replaced or revoked by the Xxxxx Employee or Former Xxxxx Employee who made the election or designation.
Elections and Designations. To the best of the knowledge of the Vendor, except for elections made under Section 85 of the Income Tax Act (Canada) in connection with certain transfers by BCR of assets to its subsidiaries in the ordinary course of making investments in those subsidiaries, BCR has not made any elections or designations for purposes of the Income Tax Act (Canada) or any relevant provincial taxing statute or for purposes of any administrative rulings or notices or administrative practices pursuant to the Income Tax Act (Canada) or any relevant provincial taxing statute except as described in Schedule 8.
