Clearance Certificates definition

Clearance Certificates means, as applicable: (c) a certificate issued by the Minister pursuant to subsection 159(2) of the Income Tax Act, R.S.C. 1952, c. 148 (the "ITA"), or any equivalent thereto, certifying that all amounts for which Khan is, or can reasonably be expected to become, liable under the ITA and the Taxation Act, 2007, S.O. 2007, c. 11, Sched. A, up to and including the date of distribution have been paid, or that the Minister has otherwise accepted security for payment; (d) a certificate issued by the Minister pursuant to subsection 23(5) of the Canada Pension Plan,R.S.C. 1985, c. C-8 (the "CPP"), or any equivalent thereto, certifying that all amounts for which Khan is liable under the CPP up to and including the date of distribution, have been paid or that security for the payment thereof has been accepted by the Minister; (e) a certificate issued by the Minister pursuant to subsection 86(3) of the Employment Insurance Act,S.C. 1996, c. 23 (the "EIA"), or any equivalent thereto, certifying the payment, or acceptance by the Minister of security for payment, of all amounts for which Khan is liable under the EIA up to and including the date of distribution; (f) a certificate issued by the Minister pursuant to subsection 81(1) of the Excise Tax Act, R.S.C. 1985, c. E-15 (the "ETA"), or any equivalent thereto, certifying that no tax, penalty, interest or other sum under the ETA, chargeable against or payable by the Liquidator or chargeable against or payable in respect of the Assets, remains unpaid or that security for the payment thereof has, in accordance with section 80.1 of the ETA, been accepted by the Minister; (g) a certificate issued by the Minister pursuant to subsection 270(3) of the ETA, or any equivalent thereto, certifying that all amounts payable or remittable under Part IX of the ETA by Khan in respect of the reporting period during which the distribution is made or any previous reporting period, and all amounts that are, or can reasonably be expected to become, payable or remittable under Part IX of the ETA by the Liquidator in respect of the reporting period during which the distribution is made, has been paid or that security for the payment thereof has been accepted by the Minister; (h) a certificate issued by the Ontario Minister of Finance pursuant to subsection 19(2) of the Employer Health Tax Act, R.S.O. 1990, C. E. 11 (the "EHTA"), or any equivalent thereto, certifying that all taxes, interest and penalties that have been assessed under the EH...
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Clearance Certificates. Means the certificate of clearance to be issuedby the Company or the Managing Agent which certifies that no moneys are due in respect of a Unit;
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Clearance Certificates means, as applicable:
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Examples of Clearance Certificates in a sentence

  • If, in respect to any application for a Tax Clearance Certificates made pursuant to this Section 8.07, any Governmental Authority asserts that Purchaser is liable for any Tax of Seller or any of its Subsidiaries, Seller shall promptly pay any and all such amounts and shall provide evidence to Purchaser that such liabilities have been paid in full or otherwise satisfied.

  • The Seller shall indemnify, defend and hold the Buyer harmless from and against (x) any and all amounts which may be required to be paid to obtain all Tax Clearance Certificates and (y) any claims or other liabilities arising out of the Seller’s failure to obtain all such Tax Clearance Certificates, each to the extent due with respect to the operation of the Hotel prior to the Closing.

  • Seller shall provide Buyer with complete copies of such Tax Clearance Certificates when the same are received by Seller.

  • The Seller shall be liable for the payment of all amounts which may be required to be paid to obtain all Tax Clearance Certificates.

  • Marconi Canada shall provide the duplicate of such Clearance Certificate(s) to the Canadian Purchaser on the Closing Date.

  • Seller shall keep Buyer informed of its efforts to procure the Tax Clearance Certificates and shall copy Buyer and all correspondence received from any Governmental Body with respect to the same.

  • The Contributor shall indemnify, defend and hold the Acquirer harmless from and against (a) any and all amounts which may be required to be paid to obtain all Tax Clearance Certificates and (b) any claims or other liabilities arising out of the Contributor’s failure to obtain all such Tax Clearance Certificates, each to the extent due with respect to the operation of the Properties prior to the Closing.

  • Such indemnity shall survive until: (1) the delivery of the Clearance Certificates, except to the extent any such Clearance Certificate reflect a potential tax liability, in which case Sellers shall pay such liability in full and such liability shall survive until paid in full, or (2) any claim made pursuant to this Section 8.2(i) has been fully satisfied.

  • The Contributor shall be liable for the payment of all amounts which may be required to be paid to obtain all Tax Clearance Certificates.

  • The Acquirer acknowledges and agrees that the delivery of the Tax Clearance Certificates by the Contributor pursuant to this Section or any matters disclosed therein shall not be a condition precedent to the obligation of the Acquirer to consummate the transactions pursuant to the terms of this Agreement.


More Definitions of Clearance Certificates

Clearance Certificates as defined in Section 6.15.
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Clearance Certificates means a certificate pursuant to Section 6 of the Retail Sales Act (Ontario) and certificates pursuant to similar legislation in each other jurisdiction in which any of the Purchased Assets are located or the Vendor is registered for sales tax purposes, each of which indicates that all Taxes collectible or payable by the Vendor under such legislation have been paid up to the Closing Date or that the Vendor has entered into satisfactory arrangements for payment of such Taxes.
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Clearance Certificates has the meaning given to it in Section 1.7(a).
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Related to Clearance Certificates

  • Tax Clearance Certificate means a tax clearance certificate issued by the South African Revenue Services (SARS) confirming that the natural or juristic person is a registered tax payer.

  • Tax Compliance Certificate as defined in Section 5.9.2(b)(iii).

  • Performance Certificate means the certificate issued under Sub-Clause 11.9 [Performance Certificate].

  • U.S. Tax Compliance Certificate has the meaning specified in Section 3.01(e)(ii)(B)(III).

  • Compliance Certificate means a certificate substantially in the form of Exhibit D.

  • Income Certification means a Tenant Income Certification and a Tenant Income Certification Questionnaire in the form attached as Exhibit B hereto or in such other comparable form as may be provided by the Issuer to the Owner, or as otherwise approved by the Issuer.

  • Compliance certification means a submission to the department or the U.S. EPA, as appropriate, that is required under section 8 of this rule to report a NOx budget source’s or a NOx budget unit’s compliance or noncompliance with this rule and that is signed by the NOx authorized account representative in accordance with section 6 of this rule.

  • Officer’s Compliance Certificate means a certificate of the chief financial officer or the treasurer of the Borrower substantially in the form attached as Exhibit F.

  • Performance Certification As defined in Section 11.05.

  • Acceptance Certificate (11/18) means a written instrument by which the City notifies Contractor that a Deliverable has been Accepted or Accepted with exceptions, and Acceptance Criteria have been met or waived, in whole or in part.

  • United States Tax Compliance Certificate has the meaning specified in Section 3.01.

  • Corresponding Certificates As identified in the Preliminary Statement with respect to any Lower-Tier Regular Interest or Component.

  • License Certificate means evidence of a license provided by Licensor to Licensee in electronic or printed form.

  • New Certificates has the meaning set forth in Section 3.04(a).

  • Quarterly Compliance Certificate has the meaning specified in Section 4.1(d) of the Base Indenture.

  • Group 4 Certificates As specified in the Preliminary Statement.

  • Group 3 Certificates As specified in the Preliminary Statement.

  • Delay Certificates As specified in the Preliminary Statement.

  • Release Certificate means a Release Certificate in the form attached to this Appendix "C" as Schedule 2 executed by a duly authorized officer of the Custodian and delivered by the Custodian to the applicable Fund by facsimile transmission or in such other manner as such Fund and the Custodian may agree in writing.

  • Pro Forma Compliance Certificate means a certificate of a Responsible Officer of the Borrower containing reasonably detailed calculations of the financial covenants set forth in Section 7.11 recomputed as of the end of the period of the four fiscal quarters most recently ended for which the Borrower has delivered financial statements pursuant to Section 6.01(a) or (b) after giving effect to the applicable transaction on a Pro Forma Basis.

  • Covenant Compliance Certificate means a properly completed and executed Covenant Compliance Certificate substantially in the form of Exhibit X hereto.

  • Group 2 Certificates As specified in the Preliminary Statement.

  • Class CE Certificate Any one of the Class CE Certificates executed, authenticated and delivered by the Trustee, substantially in the form annexed hereto as Exhibit A-7 and evidencing a Regular Interest in REMIC VI for purposes of the REMIC Provisions.

  • Group 1 Certificates As specified in the Preliminary Statement.