Examples of Canadian Holding Companies in a sentence
If any loss, damage or claim for which insurance is carried by the Canadian Holding Companies, Canadian Subsidiaries or US Subsidiaries arises during the Interim Period, the Canadian Purchaser or US Purchaser, as applicable, as a condition of Closing, shall each be entitled to be satisfied that the insurers recognize the claim of the Canadian Holding Companies, Canadian Subsidiaries or US Subsidiaries, as applicable, for payment in accordance with the terms of the relevant insurance policies.
A legal opinion of Scarfone Hawkins LLP in respect of each of the Canadian Vendors, the Canadian Holding Companies, the Canadian Subsidiaries and Amalco dated the Closing Date and in a form satisfactory to the Purchasers, acting reasonably, shall have been received by the Canadian Purchaser at the Closing Time.
Except as set forth and described in Schedule 3.1.32, there is no Legal Proceeding, assessment, re-assessment or request for information outstanding or, to the knowledge of the Canadian Vendors or the Canadian Holding Companies, threatened against the Canadian Holding Companies with respect to Taxes or any matters under discussion with any Governmental Authority relating to Taxes.
No re-examination of any Tax Return of the Canadian Holding Companies by a Governmental Authority is currently in progress.
Each of the Canadian Holding Companies has withheld from each payment made by it the amount of all Taxes and other deductions required under any applicable Tax Legislation to be withheld therefrom and has remitted all such amounts withheld and paid all instalments of Taxes due and payable before the date hereof to the relevant Governmental Authority within the time prescribed under any applicable Tax Legislation.
Limitation on Activities of Canadian Holding Companies and Dormant Subsidiaries 126 SECTION 6.17.
Each of the Canadian Holding Companies has not accrued liabilities for Taxes which are not yet due and payable and for which Tax Returns are not yet required to be filed.
Each of the Canadian Holding Companies has received Notices of Assessment for all taxation years indicated in Schedule 3.1.32.
In respect of the Canadian Holding Companies, all material financial transactions of the Canadian Holding Companies have been accurately recorded in the Accounting Records in accordance with sound business and financial practice and the Accounting Records accurately reflect the basis for the financial condition and the revenues, expenses and results of operations of the Canadian Holding Companies and the Canadian Subsidiaries as of and to the date hereof.
No proceedings have been taken or authorized by the Canadian Vendors or the Canadian Holding Companies or by any other person with respect to the bankruptcy, insolvency, liquidation, dissolution or winding up of the Canadian Holding Companies or with respect to any amalgamation, merger, consolidation, arrangement or reorganization of, or relating to, the Canadian Holding Companies nor, to the knowledge of the Canadian Vendors, have any such proceedings been taken by any other person.