Elected Amount definition

Elected Amount has the meaning set forth in the definition of “Consolidated Secured Debt Ratio.”

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Elected Amount has the meaning given to such term in Section 3.7(c);

Elected Amount has the meaning set forth in Section 1.02(t).

Examples of Elected Amount in a sentence

• It is intended by the parties hereto that the Purchase Price shall be the fair market value of the Transferred Assets, the Elected Amount shall be the lower of the fair market value or the cost amount (as defined in Section 248(1) of the Income Tax Act (Canada)) of the Transferred Assets to WECU and the Stated Capital shall be the paid-up-capital of the Share Consideration on the date hereof.

• Each of the Electing Vendor and the Purchaser hereby agrees to make such further elections, enter into such acknowledgements or agreements, and do or cause to be done such further acts and things as may be, in the opinion of counsel, reasonably necessary to give effect to this section and the change in the Elected Amount.

• Borrower shall at all times maintain in a Collateral Account at Bank or subject to a Control Agreement in favor of Collateral Agent a cash balance of not less than an amount equal to the lesser of (i) the Minimum Cash Amount or (ii) the Minimum Cash Elected Amount.

• In the event that any taxing authority disputes the fair market value, the Elected Amount or the Stated Capital, the parties hereto agree to adjust these amounts and the Share Consideration or any or all of the foregoing to amounts that are mutually agreeable to both the parties hereto and to the taxing authority or authorities and, failing agreement, to amounts determined by a court of law with competent jurisdiction, and to adjust the accounts of WECU and ▇▇▇▇▇▇▇▇ Horizon accordingly.

• In the event that any taxing authority disputes the fair market value, the Elected Amount or the Stated Capital, the parties hereto agree to adjust these amounts and the Share Consideration or any or all of the foregoing to amounts that are mutually agreeable to both the parties hereto and to the taxing authority or authorities and, failing agreement, to amounts determined by a court of law with competent jurisdiction, and to adjust the accounts of WECU and PDH ULC accordingly.

More Definitions of Elected Amount

Elected Amount as set forth in Section 1.7(h).

Elected Amount has the meaning ascribed to such term in Section 7.2;

Elected Amount has the meaning given to such term in the definition of “Consolidated Total Debt Ratio.”

Elected Amount has the meaning given to such term in the definition of “Consolidated Total Indebtedness to Consolidated Tangible Net Worth Ratio.”

Elected Amount means the amount agreed upon by the parties in accordance with section 6.2 hereof which, for tax purposes, is to be the Vendor's "proceeds of disposition" and the Purchaser's "cost of acquisition" of the Assets;

Elected Amount shall have the meaning provided in Section 1.12(l).

Elected Amount means the amount jointly elected by the Parties pursuant to Section 4.4. below and as set out in Schedule A.