Certificate Limit definition

Certificate Limit. – means, with respect to each election to not issue qualified mortgage bonds in lieu of issuing mortgage credit certificates, the maximum aggregate amount of MCC.

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Certificate Limit has the meaning set forth in Section 2.6(a).

Certificate Limit has the meaning ascribed to that term in Section 116 of the Tax Act.

Examples of Certificate Limit in a sentence

If a Clearance Certificate has been delivered to the Payer on or before the Effective Date and the Certificate Limit is less than the 50% of the fair market value of the Exchangeable Shares being disposed of, the Payer shall withhold 50% of the amount by which the proceeds of disposition otherwise payable to the Non-resident Holder exceeds the Certificate Limit.
If the Seller delivers to the Purchasers a clearance certificate for an amount less than the Certificate Limit, the Purchasers shall withhold from the Purchase Price thirty-three and one-third percent (33 1/3%) of the amount by which the Certificate Limit exceeds the amount of the clearance certificate so delivered (the "ADJUSTED CCRA WITHHOLDING").
If the Seller delivers to the Purchasers at the Closing a clearance certificate for an amount less than the Certificate Limit, the Purchasers shall withhold from the Purchase Price eighteen percent (18%) of the amount by which the Certificate Limit exceeds the amount of the clearance certificate so delivered (the "ADJUSTED RQ WITHHOLDING").
In the event that a N on-Resident presents a Clearance Certificate as contemplated herein, Petrus AcquisitionCo will release the withheld Petrus AcquisitionCo Shares to such Non-Resident, unless the Certificate Limit is less than the aggregate proceeds of disposition of such Non-Resident.
Each Shareholder who is a Non-Resident Person that elects to receive Exchangeable Shares pursuant to the Acquisition in exchange for such Shareholder's Company Shares shall have delivered to the Acquisition Sub, at or prior to the Closing, a Clearance Certificate having a Certificate Limit not less than the fair market value of such Exchangeable Shares at the Effective Time.
Each Shareholder who is a Non-Resident Person that elects to receive shares of Cubist Common Stock pursuant to the Acquisition in exchange for such Shareholders' Company Shares shall have delivered to Cubist, at or prior to the Closing, a Clearance Certificate having a Certificate Limit not less than the fair market value of such shares of Cubist Common Stock at the Effective Time.
If a Certificate specifying a Certificate Limit in an amount which is not less than the applicable Sellers’ share of the Adjusted Purchase Price is delivered to Purchaser before the Closing Date Purchaser shall not withhold the applicable Withholding Tax Escrow Amount from that part of the Adjusted Purchase Price.
In the event that the Certificate Limit is less than the aggregate proceeds of disposition, Petrus AcquisitionCo will remit to the Receiver General of Canada 25% of the amount by which the value of the Petrus AcquisitionCo Shares issuable to such Non- Resident pursuant to the Arrangement exceeds the Certificate Limit, and shall sell such number of withheld Petrus AcquisitionCo Shares as necessary to make such remittance.
Limit of liquidated damages 41.2 5% of Contract price Percentage of Retention 51.1 5% of Interim Payment Certificate Limit of Retention Money 51.1 5% of Contract Price Damages for not attending to excavated potholes within 48 hours of excavation 43.1 Kshs.
The Seller shall have received tax clearance certificates from each of the Canada Customs and Revenue Agency and the Minister of Revenue for Quebec with respect to the sale of the Shares, in each case ▇▇▇▇▇▇ ▇ ▇ertificate limit or an estimated or actual amount of proceeds of disposition which, in the aggregate, shall not be less than C$6,697,500 (the "Certificate Limit"), and the Purchaser shall have received copies of each such certificate (the "Clearance Certificates").

More Definitions of Certificate Limit

Certificate Limit means, (a) in respect of a particular Section 116 Certificate, the amount specified and fixed by the Minister of National Revenue in that Section 116 Certificate, and (b) in respect of a particular Section 1098 Quebec Certificate, the amount specified and fixed by the Quebec Minister of Revenue in that Section 1098 Quebec Certificate.

Certificate Limit has the meaning ascribed to the term in Section 116 of the INCOME TAX ACT.

Certificate Limit means the certificate limit fixed by the Certificate of Compliance as contemplated in subsection 116(5)(d) of the Tax Act or such other amount as clearly set out in the Certificate of Compliance that may be released to BHP Peru free of withholding under section 116 of the Tax Act;

Certificate Limit means the certificate limit (as that term is used in subsection 116(2) of the Tax Act) as set forth in the Certificate; provided that until the Certificate is delivered to Purchaser, the Certificate Limit shall be deemed to be zero;

Certificate Limit means the “certificate limit” (within the meaning of Section 116(2) of the Tax Act) of a Section 116 Certificate fixed by the Minister of National Revenue in such Section 116 Certificate;

Certificate Limit means the amount of proceeds of disposition provided on a Clearance Certificate that has been issued to a Non-Resident with respect to the disposition of securities to Petrus AcquisitionCo;