Common use of Residency Clause in Contracts

Residency. Buyer shall be credited towards the Purchase Price with the amount, if any, necessary for Buyer to pay to the Minister of National Revenue to satisfy Buyer’s liability in respect of tax payable by Seller under the non-residency provisions of the Income Tax Act by reason of this sale. Buyer shall not claim such credit if Seller delivers on completion the prescribed certificate or a statutory declaration that Seller is not then a non-resident of Canada.

Residency. Buyer shall be credited towards the Purchase Price with the amount, if any, necessary for Buyer to pay to the Minister of National Revenue to satisfy Buyer’s 's liability in respect of tax payable by Seller under the non-residency provisions of the Income Tax Act by reason of this sale. Buyer shall not claim such credit if Seller delivers on completion the prescribed certificate or a statutory declaration that Seller is not then a non-resident of Canada.

Residency. Buyer Purchaser shall be credited towards the Purchase Price with the amount, if any, necessary for Buyer Purchaser to pay to the Minister of National Revenue to satisfy Buyer’s Purchaser's liability in respect of tax payable by Seller Vendor under the non-residency provisions of the Income Tax Act by reason of this sale. Buyer Purchaser shall not claim such credit if Seller Vendor delivers on completion the prescribed certificate or a statutory declaration that Seller Vendor is not then a non-resident of Canada.

Residency. Buyer shall be credited towards the Purchase Price with the amount, if any, necessary for Buyer to pay to the Minister of National Revenue to satisfy Buyer’s liability in respect of tax payable by Seller under the non-non- residency provisions of the Income Tax Act by reason of this sale. Buyer shall not claim such credit if Seller delivers on completion the prescribed certificate or a statutory declaration that Seller is not then a non-resident of Canada.

Residency. Buyer The Purchaser shall be credited towards the Purchase Price with the amount, if any, necessary for Buyer the Purchaser to pay to the Minister of National Revenue to satisfy Buyerthe Purchaser’s liability in respect of tax payable by Seller Vendor under the non-residency resident provisions of the Income Tax Act by reason of this sale. Buyer The Purchaser shall not claim such credit if Seller Vendor delivers on completion the prescribed certificate or a statutory declaration that Seller Vendor is not then a non-resident of Canada.

Residency. Buyer shall be credited towards the Purchase Price with the amount, if any, which it shall be necessary for Buyer to pay to the Minister of National Revenue in order to satisfy Buyer’s 's liability in respect of tax payable by Seller under the non-residency provisions of the Income Tax Act (Canada) by reason of this sale. Buyer shall not claim such credit if Seller delivers on completion closing the prescribed certificate or a the Seller’s statutory declaration that the Seller is not then a non-resident of Canada.

Residency. Buyer Purchaser shall be credited towards the Purchase Price with the amount, if any, necessary for Buyer Purchaser to pay to the Minister of National Revenue to satisfy Buyer’s Purchaser's liability in respect of tax payable by Seller Vendor under the non-residency provisions provision of the Income Tax Act by reason of this sale. Buyer Purchaser shall not claim such credit if Seller Vendor delivers on completion the prescribed certificate or a statutory declaration that Seller Vendor is not then a non-resident non -resident of CanadaOntario.

Residency. Buyer Purchaser shall be credited towards the Purchase Price with the amount, if any, necessary for Buyer Purchaser to pay to the Minister of National Revenue to satisfy Buyer’s Purchaser's liability in respect of tax payable by Seller Vendor under the non-residency provisions provision of the Income Tax Act by reason of this sale. Buyer Purchaser shall not claim such credit if Seller Vendor delivers on completion the prescribed certificate certificates or a statutory declaration that Seller Vendor is not then a non-resident of Canada.

Residency. Buyer Purchaser shall be credited towards the Purchase Price with the amount, if any, necessary for Buyer Purchaser to pay to the Minister of National Revenue to satisfy BuyerPurchaser’s liability in respect of tax payable by Seller Vendor under the non-residency provisions of the Income Tax Act by reason of this sale. Buyer Purchaser shall not claim such credit if Seller Vendor delivers on completion the prescribed certificate or a statutory declaration that Seller Vendor is not then a non-resident of Canada.

Residency. Buyer The Purchaser shall be credited towards the Purchase Price with the amount, if any, which it shall be necessary for Buyer Purchaser to pay to the Minister of National Revenue in order to satisfy BuyerPurchaser’s liability in respect of tax payable by Seller Vendor under the non-residency provisions of the Income Tax Act Act, R.S.C. 1985, c.1, by reason of this his sale. Buyer Purchaser shall not claim such credit if Seller Vendor delivers on completion the prescribed certificate or a the Vendor’s statutory declaration that Seller the Vendor is not then a non-resident of Canada.

Residency. Buyer shall be credited towards the Purchase Price with the amount, if any, which it shall be necessary for Buyer to pay to the Minister of National Revenue in order to satisfy Buyer’s 's liability in respect of tax payable by Seller under the non-non- residency provisions of the Income Tax Act (Canada) by reason of this sale. Buyer shall not claim such credit if Seller delivers on completion closing the prescribed certificate or a the Seller’s statutory declaration that the Seller is not then a non-resident of Canada.