Arm’s Length definition

Arm’s Length has the meaning ascribed to such term for the purposes of the Income Tax Act (Canada);

Arm’s Length has the meaning given to it under the Income Tax Act (Canada) as in effect on the Effective Date of this Agreement.

Arm’s Length has the same meaning as that term is given in the Tax Act;

Examples of Arm’s Length in a sentence

• Arm’s Length means “arm’s length” in accordance with the principles and methodologies described in the OECD Transfer Pricing Guidelines for Multinational Enterprises and Tax Administrations as updated from time to time.

• The provisions of Sections 14.01 (Notices), 14.02 (Amendments and Waivers), 14.04 (Successors and Assigns), 14.05 (Governing Law), 14.06 (Jurisdiction), 14.07 (Waiver of Jury Trial), 14.08 (Counterparts; Effectiveness; Third Party Beneficiaries), 14.09 (Electronic Signatures), 14.10 (Entire Agreement), 14.11 (Severability), 14.13 (Specific Performance) and 14.15 (Arm’s Length Transaction) of the Securities Purchase Agreement are incorporated herein and shall apply, mutatis mutandis, to this Amendment.

• Vitol shall not be required to pursue or present Product sale opportunities (i) that are not available to Vitol on an Arm’s Length Basis from Product Counterparties or (ii) from Persons who do not satisfy Vitol’s internal credit and KYC requirements for the Product sale opportunities, as consistently and generally applied.

• Arm’s Length means “arm’s length” in accordance with the principles and methodologies described in the OECD Transfer Pricing Guidelines for Multinational Enterprises and Tax Administrations and/or the Singapore Transfer Pricing Guidelines (Sixth edition) published on 10 August 2021, each as updated from time to time.

• There are no contractual restrictions with any Person at Arm’s Length to the Covenantor, the Borrower and each Designated Subsidiary on the declaration of dividends or distributions by any Designated Subsidiary which would reasonably be expected to have a Material Adverse Effect.

More Definitions of Arm’s Length

Arm’s Length means terms that are fair and reasonable to the counterparty of a transaction and no more or less favourable to the other party to the relevant transaction as could reasonably be expected to be obtained in a comparable arm’s length transaction with a person that is not the ultimate holding company of such counterparty or an entity of which such counterparty or its ultimate holding company has direct or indirect control, or owns directly or indirectly more than 20% (twenty percent) of the share capital or similar rights of ownership;

Arm’s Length means, with respect to two or more Persons, that such Persons are not related to each other within the meaning of subsections 251(2), (3), (3.1), (3.2), (4), (5) and (6) of the ITA or any substantially equivalent successor provisions and that such Persons, as a matter of fact, deal with each other at a particular time at arm’s length.

Arm’s Length has the meaning ascribed thereto in the Tax Act.

Arm’s Length has the meaning specified in the definition of “Non-Arm’s Length”.

Arm’s Length means arm's length as defined in the Tax Act.

Arm’s Length has the meaning set out in the ITA.

Arm’s Length shall have the opposite meaning.