Stated Capital Account Sample Clauses

Stated Capital Account. (a) In accordance with the provisions of subsection 28(3) of the Business Corporations Act (Alberta), on the issuance of Preferred Shares of any particular series in exchange for property, or shares of another class, or pursuant to an amalgamation referred to in section 182 of the Business Corporations Act (Alberta) or an arrangement referred to in paragraphs 193(1)(b) or (c) of the Business Corporations Act (Alberta), the directors of the Corporation may add to the stated capital account maintained for the Preferred Shares of that particular series the whole or any part of the amount of the consideration received by the Corporation in the exchange.
Sample 1
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Stated Capital Account. 23 3.5 Election under subsection 85(1) of ITA . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 23 3.6
Sample 1
Stated Capital Account. In accordance with the provisions of subsection 26(3) of the Canada Business Corporations Act, the Asset Acquiror agrees that it shall add to the stated capital account maintained by it for its common shares in respect of the Common Shares to be issued by it pursuant to subsection 2.7(b) an amount equal to $1.00.
Sample 1
Stated Capital Account. In accordance with subsection 26(3) of the Canada Business Corporations, the Share Acquiror shall add to the stated capital account maintained for its issued preference shares in respect of the issuance of the Preference Shares pursuant to this Agreement, an amount equal to the Elected Amount in respect of the Purchased Shares.
Sample 1
Stated Capital Account. In accordance with the provisions of subsection 24(2) of the Business Corporations Act (Ontario), Buyer hereby agrees that it shall be add to the stated capital account maintained by the Canadian Subsidiary for its Exchangeable Shares in respect of the Exchangeable Shares to be issued by the Canadian Subsidiary pursuant to Section 3.3(a) hereof the tax cost of the assets received by the Canadian Subsidiary as consideration therefor.
Sample 1
Stated Capital Account. Notwithstanding that the Purchase Price received by Vendor for the transfer of the Purchased Shares is the fair market value of the Payment Shares transferred from Purchaser to Vendor in consideration therefor, the Parties hereto agree that Vendor shall add to the stated capital account maintained in respect of the Purchased Shares an amount equal to the paid-up capital of the Purchased Shares for purposes of the Income Tax Act (Canada).
Sample 1
Stated Capital Account. The parties hereto agree that the Purchaser shall add $[AMOUNT] to the stated capital account maintained for the common shares in the capital of the Purchaser in respect of the Purchaser Share Consideration.
Sample 1
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Stated Capital Account. Notwithstanding that the consideration received by the Purchaser for the issuance of the MezzaCap Shares is the aggregate fair market value of the New Shares, the parties agree that the Purchaser shall add to the stated capital account of the New Shares an aggregate amount equal to the paid up capital of the MezzaCap Shares, as determined in accordance with subsections 84.1(1) and/or 85(2.1) of the Tax Act.
Sample 1

Related to Stated Capital Account

  • Capital Account (a) There shall be established for each Member on the books of the Company a Capital Account in accordance with Section 704 of the Code and the Treasury Regulations promulgated thereunder.

  • Deficit Capital Accounts No Member will be required to pay to the Company, to any other Member or to any third party any deficit balance that may exist from time to time in the Member’s Capital Account.

  • Capital Accounts of the Partners A. The Partnership shall maintain for each Partner a separate Capital Account in accordance with the rules of Regulations Section l.704-l(b)(2)(iv). Such Capital Account shall be increased by (i) the amount of all Capital Contributions and any other deemed contributions made by such Partner to the Partnership pursuant to this Agreement and (ii) all items of Partnership income and gain (including income and gain exempt from tax) computed in accordance with Section 1.B hereof and allocated to such Partner pursuant to Section 6.1 of the Agreement and Exhibit C thereof, and decreased by (x) the amount of cash or Agreed Value of all actual and deemed distributions of cash or property made to such Partner pursuant to this Agreement and (y) all items of Partnership deduction and loss computed in accordance with Section 1.B hereof and allocated to such Partner pursuant to Section 6.1 of the Agreement and Exhibit C thereof.

  • Capital Accounts The Company will maintain a Capital Account for each Member on a cumulative basis in accordance with federal income tax accounting principles.

  • Member's Capital Accounts A Capital Account for the Member shall be maintained by the Company. The Member's Capital Account shall reflect the Member’s capital contributions and increases for any net income or gain of the Company. The Member’s Capital Account shall also reflect decreases for distributions made to the Member and the Member’s share of any losses and deductions of the Company.

  • Negative Capital Accounts No Member shall be required to pay to any other Member or the Company any deficit or negative balance which may exist from time to time in such Member’s Capital Account (including upon and after dissolution of the Company).

  • Capital Contributions Capital Accounts The capital contribution of the Sole Member is set forth on Annex A attached hereto. Except as required by applicable law, the Sole Member shall not at any time be required to make additional contributions of capital to the Company. The capital accounts of the members shall be adjusted for distributions and allocations made in accordance with Section 8.

  • Capital Accounts Allocations There shall be established in respect of each Holder a separate capital account in the books and records of the Up-MACRO Holding Trust in respect of the Holder's Capital Contributions to the Up-MACRO Holding Trust (each, a "Capital Account"), to which the following provisions shall apply:

  • Capital Contributions and Capital Accounts (a) The value of the interests contributed by the Class A Certificateholders and the Class I Certificateholders shall equal the amount paid by such Certificateholders for such interests, respectively, and such amounts shall constitute the opening balance in their Capital Accounts (as hereinafter defined). The value of the interests contributed by the Class IC Certificateholder shall equal the fair market value of the Receivables contributed to the Tax Partnership less the value attributed to the Class A Certificateholders and the Class I Certificateholders, as described above. Such amount shall constitute the opening balance in the Class IC Certificateholder's Capital Account.

  • Capital Account Deficits Loss shall not be allocated to a Limited Partner to the extent that such allocation would cause a deficit in such Partner’s Capital Account (after reduction to reflect the items described in Regulations Section 1.704-1(b)(2)(ii)(d)(4), (5) and (6)) to exceed the sum of such Partner’s shares of Partnership Minimum Gain and Partner Nonrecourse Debt Minimum Gain. Any Loss in excess of that limitation shall be allocated to the General Partner. After the occurrence of an allocation of Loss to the General Partner in accordance with this Section 5.01(e), to the extent permitted by Regulations Section 1.704-1(b), Profit first shall be allocated to the General Partner in an amount necessary to offset the Loss previously allocated to the General Partner under this Section 5.01(e).

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