International Financial Reporting Standards Clause Samples

International Financial Reporting Standards. Wherever in this Agreement reference is made to International Financial Reporting Standards, such reference shall be deemed to be the recommendations at the relevant time of the International Financial Reporting Standards rather than Canadian generally accepted accounting principles and determined by the Canadian Institute of Chartered Accountants. Where the character or amount of any asset or liability or item of revenue or expense is required to be determined, or any consolidation or other accounting computation is required to be made for the purpose of this Agreement or any document, such determination or calculation shall, to the extent applicable and except as otherwise specified herein or as otherwise agreed in writing by the parties, be made in accordance with generally accepted accounting principles applied on a consistent basis.

International Financial Reporting Standards. Wherever in this Agreement reference is made to . International Financial Reporting Standards (“IFRS”), such reference shall be deemed to be the recommendations at the relevant time of the International Accounting Standards Board, or any successor institute, applicable on a consolidated basis (unless otherwise specifically provided herein to be applicable on an unconsolidated basis) as at the date on which a calculation is made or required to be made in accordance with IFRS. Where the character or amount of any asset or liability or item of revenue or expense is required to be determined, or any consolidation or other accounting computation is required to be made for the purpose of this Agreement or any document, such determination or calculation shall, to the extent applicable and except as otherwise specified herein or as otherwise agreed in writing by the parties, be made in accordance with IFRS.

International Financial Reporting Standards. Any financial determination required to be made hereunder will be performed in accordance with International Financial Reporting Standards.

International Financial Reporting Standards. It has assessed the impact that the conversion to International Financial Reporting Standards will have on its accounting and reporting systems and other relevant aspects of its business, and has developed and is implementing strategies and procedures to effectively make this conversion when required in accordance with the time-frame and standards established by Canadian Institute of Chartered Accountants. As of the date of this Agreement, it is in compliance with all public reporting requirements under Applicable Law with respect to disclosing the anticipated effects of the conversion to International Financial Reporting Standards.

International Financial Reporting Standards. Income means income received by the Partnership (whether directly or in the form of interest, a dividend or other distribution) net of Partnership Expenses and any reserves made in respect of Partnership Expenses.

International Financial Reporting Standards. To the extent conversion to IFRS has not occurred, it has assessed the impact that the conversion to IFRS will have on its accounting and reporting systems and other relevant aspects of its business, and has developed and is implementing strategies and procedures to effectively make this conversion when required in accordance with the time-frame and standards established by Canadian Institute of Chartered Accountants. As of the date of this Agreement, it is in compliance with all public reporting requirements under Applicable Law with respect to disclosing the anticipated effects of the conversion to IFRS.

International Financial Reporting Standards. ‌ Wherever in this Agreement reference is made to International Financial Reporting Standards, such reference shall be deemed to be the recommendations at the relevant time of the International Financial Reporting Standards rather than Canadian generally accepted accounting principles and determined by the Canadian Institute of Chartered Accountants. Where the character or amount of any asset or liability or item of revenue or expense is required to be determined, or any consolidation or other accounting computation is required to be made for the purpose of this Agreement or any document, such determination or calculation shall, to the extent applicable and except as otherwise specified herein or as otherwise agreed in writing by the parties, be made in accordance with generally accepted accounting principles applied on a consistent basis. 2.1 Legend on Share Certificates‌‌‌‌‌ ARTICLE 2 THE RIGHTS (a) Certificates representing Common Shares which are issued after the Record Time but prior to the earlier of the Separation Time and the Expiration Time, shall also evidence one Right for each Common Share represented thereby until the earlier of the Separation Time or the Expiration Time and shall have impressed on, printed on, written on or otherwise affixed to them the following legend: Until the earlier of the Separation Time or the Expiration Time (as both terms are defined in the Second Amended and Restated Shareholder Rights Plan Agreement referred to below), this certificate also evidences and entitles the holder hereof to certain Rights as set forth in a second amended and restated shareholder rights plan agreement dated as of June 7, 2023, as may be amended or supplemented from time to time (the "Second Amended and Restated Shareholder Rights Plan Agreement"), between Osisko Gold Royalties Ltd (the "Corporation") and TSX Trust Company, as Rights Agent, the terms of which are incorporated herein by reference and a copy of which is on file at the principal executive offices of the Corporation. Under certain circumstances set out in the Second Amended and Restated Shareholder Rights Plan Agreement, the rights may be amended or redeemed, may expire or may become void (if, in certain cases they are "Beneficially Owned" by an "Acquiring Person" as such terms are defined in the Second Amended and Restated Shareholder Rights Plan Agreement, whether currently held by or on behalf of such Person or a subsequent holder) or may be evidenced by separate certificates an...

International Financial Reporting Standards. If at any time a change in Law, regulation or applicable accounting standards would require adoption of the International Financial Reporting Standards and the computation of any financial covenant set forth herein would be altered thereby, and either the Company or the Required Lenders shall so request, the Administrative Agent, the Lenders and the Company shall negotiate in good faith to amend this Agreement accordingly, and the Lenders shall not assess an amendment fee for such amendment.

International Financial Reporting Standards. This deferral account will record the revenue requirement impact of all reasonable costs and disbursements incurred by Westcoast during the term of this Agreement in connection with analysing, reviewing, planning for and implementing the new International Financial Reporting Standards adopted by the CICA to be in effect commencing in 2011 as applied to Zones 3 and 4. Westcoast will review these costs with the TTTF on a semi-annual basis.