Search - consideration

Results 4011 - 4020 of 8030 for consideration
Ruling

2007 Ruling 2006-0212021R3 - Income Trust Reorganization

The Fund will issue, as the sole consideration, Fund Units to Amalco to satisfy the purchase price for the Exchanged Property. ... The consideration paid to CT will be such number of Fund Units acquired by Amalco in paragraph 26 having a fair market value equal to the aggregate redemption price of the outstanding Amalco Class B Shares. ... No other consideration will be received by CT or the Unitholders on the redemption of the Amalco Class B Shares and the Amalco Class A Shares other than Fund Units. 28. ...
Ruling

2004 Ruling 2004-0060711R3 - Public spin-off

"Distribution" means the transactions described in Paragraphs 44 and 45 whereby C will transfer to NewCo the Canadian XXXXXXXXXX Assets for the consideration described in Paragraph 46. ... In consideration for the transfer of the Canadian XXXXXXXXXX Assets, NewCo will issue NewCo Special Shares to C which will have an aggregate redemption amount equal to the net FMV of the Canadian XXXXXXXXXX Assets transferred. 47. ... C will redeem from NewCo all of the C Special Shares for an amount equal to the aggregate of the redemption amounts of the shares so redeemed, and will issue to NewCo in consideration therefor the C Redemption Note, being a demand promissory note with a principal amount equal to the aggregate of the foregoing redemption amounts. ...
Ruling

2003 Ruling 2003-0016563 - Partnership - At - Risk

As consideration for acting as general partner of DLP, the General Partner of the DLP will be entitled to receive a fee plus a reimbursement of the costs incurred by it in the course of acting in the capacity as general partner of DLP. ... In consideration of Lender making the Investment Loans, Investors who borrow from Lender under the terms of an Investment Loan will pay a loan arrangement fee of up to approximately XXXXXXXXXX% of the amount of the Investment Loan. ... In addition, the Option Agreement will provide MLP with the option to either sell all, but not less than all of the limited partnership units of DLP to Resources Co. for consideration equal to the fair market value of the limited partnership units of DLP on the exercise date of the option or alternatively, cause DLP to sell the underlying assets of DLP to Resources Co. for consideration equal to the fair market value of such assets on the exercise date of the option. ...
Ruling

2001 Ruling 2000-0059953 F - 55(2), 55(3)(a), 55(4)

Société immobilière opère une entreprise qui est gérée par ENFANT 1. 4- Le capital-actions autorisé de OPCO est composé d'un nombre illimité d'actions sans valeur nominale des catégories "A", "B", "C", "D", "E", et d'un nombre illimité d'actions avec valeur nominale de catégorie "F", dont les principaux droits, privilèges et restrictions sont les suivants: Catégorie "A", votantes (1 vote par action) et participantes; Catégorie "B", non votantes, dividende prioritaire aux actions de catégorie "D", "E" et "A", non cumulatif de XXXXXXXXXX% par mois, calculé sur la valeur de rachat des actions de catégorie "B", remboursement prioritaire aux actions de catégories "D","E", "A" et "C" advenant la liquidation ou la dissolution, rachetables pour une considération égale à XXXXXXXXXX $ par action; Catégorie "C", votantes (XXXXXXXXXX votes par action), non participantes, rachetables pour une considération égale au capital versé; Catégorie "D", non votantes, dividende prioritaire aux actions de catégories "E" et "A", non cumulatif, au taux maximal de XXXXXXXXXX% l'an, calculé sur le montant versé, remboursement prioritaire aux actions de catégories "E", "A" et "C" advenant la liquidation ou la dissolution, rachetables pour une considération égale au capital versé; Catégorie "E", non votantes, dividende prioritaire aux actions de catégorie "A", non cumulatif, au taux maximal de XXXXXXXXXX% l'an, calculé sur le montant versé, remboursement prioritaire aux actions de catégories "A" et "C" advenant la liquidation ou la dissolution, rachetables pour une considération égale au capital versé; Catégorie "F", valeur nominale de XXXXXXXXXX $, non votantes, dividende prioritaire aux actions de catégories "B", "D", "E" et "A", non cumulatif, remboursement prioritaire aux actions de catégories "B", "D", "E", "A" et "C". 5- Le capital-actions émis et en circulation de OPCO était composé au XXXXXXXXXX. 6- M. ... Le capital-actions autorisé de chacune des GESTIONS sera composé notamment d'un nombre illimité d'actions sans valeur nominale des catégories "A", "B", "C", "D", "E" et "F", dont les principaux droits, privilèges, conditions et restrictions seront les suivants: Catégorie "A", non-votantes et participantes; Catégorie "B", non-votantes, dividende prioritaire aux actions de catégories "A", "D", "E" et "G", non cumulatif de XXXXXXXXXX% par mois, calculé sur la valeur de rachat des actions de catégorie "B", remboursement prioritaire aux actions de catégories "A", "C", "D", "E" et "F" advenant la liquidation ou la dissolution, rachetables pour une considération égale à XXXXXXXXXX $ par action; Catégorie "C", votantes (XXXXXXXXXX votes par action), non participantes, rachetables pour une considération égale au capital versé; Catégorie "D", non-votantes, dividende prioritaire aux actions de catégories "E" et "A", non cumulatif, au taux maximal de XXXXXXXXXX% l'an, calculé sur le montant versé, remboursement prioritaire aux actions de catégories "E", "A" et "C" advenant la liquidation ou la dissolution, rachetables pour une considération égale au capital versé; Catégorie "E", non-votantes, dividende prioritaire aux actions de catégorie "A", non cumulatif, au taux maximal de XXXXXXXXXX% l'an, calculé sur le montant versé, remboursement prioritaire aux actions de catégories "A" et "C" advenant la liquidation ou la dissolution, rachetables pour une considération égale au capital versé; Catégorie "F", non- votantes, et non participantes, dividende de XXXXXXXXXX% par mois (calculé sur la valeur de rachat), préférentiel aux actions de catégorie "A" et non cumulatif, rachetables au gré de la compagnie ou du détenteur à un prix qui devra comprendre le montant versé sur ces actions plus une prime fixée par les administrateurs de la compagnie, égale à la différence entre la juste valeur marchande des biens reçus en échange par la compagnie lors de l'émission et le montant versé, clause de rajustement de la prime si la juste valeur marchande des biens donnés en échange était contestée par les autorités fiscales, prioritaires aux actions de catégories "A" et "C" en cas de liquidation ou dissolution. 10- M. ...
Ruling

2002 Ruling 2002-0159923 - 55(3)(a)

As consideration for such transfer, Opco issued to each of Father and Mother XXXXXXXXXX Opco Class A Preferred Shares having an aggregate PUC equal to the aggregate PUC of the XXXXXXXXXX Opco Common Shares so transferred to Opco. ... They will be: (i) voting; (ii) redeemable and retractable, subject to applicable law, at any time for an amount equal to the aggregate FMV of the consideration for which the Holdco First Class Preferred Shares are issued, divided by the number of such shares issued (the "Holdco First Class Redemption Amount"); (iii) entitled to a non-cumulative dividend at the prescribed rate (under paragraph 4301(c) of the Regulations) of the Holdco First Class Redemption Amount. ... As sole consideration for such transfers, (d) Holdco1 will issue XXXXXXXXXX of its Common Shares to Child1; (e) Holdco2 will issue XXXXXXXXXX of its Common Shares to Child2; and (f) Holdco3 will issue XXXXXXXXXX of its Common Shares to Child3, having an aggregate FMV equal to the aggregate FMV at that time of the Opco Common Shares so transferred to Holdco1, 2 and 3, as the case may be. ...
Ruling

2000 Ruling 2000-0007163 - Public butterfly

Each Participant will transfer to Newco (the "Exchange") the XXXXXXXXXX/DC Reorganization Shares owned by such Participant and, in full consideration therefor, Newco will issue one Newco Common Share to the Participant for each XXXXXXXXXX/DC Reorganization Share so transferred. ... As the consideration for the Distribution, Newco will issue to XXXXXXXXXX/DC one Newco XXXXXXXXXX Share having stated capital of $XXXXXXXXXX and a redemption value equal to the Newco Redemption Amount. 35. ... Newco will redeem the Newco XXXXXXXXXX Share for an amount equal to the Newco Redemption Amount and will issue to XXXXXXXXXX/DC in consideration therefor the Newco Redemption Note, being a demand non-interest-bearing promissory note with a principal amount stated as an amount equal to the Newco Redemption Amount. ...
Miscellaneous severed letter

17 September 1992 Income Tax Severed Letter 2M02730 - The Butterfly Reorganization

This inequality gives rise to the following issues: • Since, on the severing of the cross-shareholdings, each party must pay fair market value consideration for its shares and will issue promissory notes having a fair market value equal to that of its shares, the promissory notes will have unequal values and principal amounts; consequently, subsection 80(1) could apply on their setoff and cancellation. • Alternatively, if on the severing of the cross-shareholdings the parties give equivalent value consideration so as to avoid the application of subsection 80(1), a benefit under subsection 15(1) may be conferred on one of the parties. ... PC will then purchase its common shares held by Newco for cancellation in consideration for a promissory note having a principal amount and FMV of $300, being the FMV of such common shares. ... "7 Where, however, the structure or timing of a transaction that occurs before a butterfly reorganization is affected by considerations relating to the butterfly reorganization, we would normally consider the transaction as being in contemplation of the butterfly reorganization. ...
Miscellaneous severed letter

7 July 1996 Income Tax Severed Letter 9623073 - Butterfly

XXXXXXXXXX acquired the XXXXXXXXXX Class XXXXXXXXXX preference shares on XXXXXXXXXX in consideration for the transfer of the land on which XXXXXXXXXX is located. ... XXXXXXXXXX was acquired by XXXXXXXXXX and as consideration, XXXXXXXXXX issued XXXXXXXXXX common shares to XXXXXXXXXX and assumed liabilities of $XXXXXXXXXX. ... As the sole consideration, XXXXXXXXXX will issue XXXXXXXXXX common shares to each of XXXXXXXXXX. ...
Ruling

2010 Ruling 2010-0366651R3 - Spin-off Butterfly

As consideration for each DC Common Share so transferred, DC will issue to that Participant, as the sole consideration therefor, one New DC Common Share and one DC Special Share ("DC Share Exchange"). ... As consideration for each DC Special Share so transferred, SpinCo will issue to that Participant, as the sole consideration therefor, approximately XXXXXXXXXX of a SpinCo Common Share ("SpinCo Share Exchange"). ... As consideration for each FA1 Common Share so acquired, SpinCo will issue to that FA1 Shareholder, as the sole consideration therefor, one SpinCo Common Share ("FA1 Share Exchange"). ...
Ruling

2006 Ruling 2006-0191591R3 - Sequential Butterfly Reorganization

On the incorporation of Bare Trusteeco, each of the Holdcos will subscribe for common shares in Bare Trusteeco in the same proportion that it holds DC Class A Shares, for nominal consideration. ... As sole consideration, Subco will issue to DC a number of Subco Common Shares having an aggregate FMV at that time equal to the aggregate FMV of the DC Sub Special Shares that DC transferred to Subco. ... As consideration for the transfer of the DC Spin-Off Property, TC will issue TC Special Shares having a FMV, redemption and retraction amount equal to the FMV of the DC Spin-Off Property so transferred to TC. ...

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