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PUBCO1 recevra de FILCO1 à titre de considération: (a) un billet ("Billet FILCO1") à demande ne portant pas intérêt et dont le principal sera de XXXXXXXXXX $, (b) la remise (XXXXXXXXXX) par FILCO1 en faveur de PUBCO1 de dettes (avances, comptes débiteurs et autres créances dont le montant total lors de l'opération sera d'environ XXXXXXXXXX $) qui seront à ce moment dues par PUBCO1 à FILCO1, et (c) un certain nombre d'actions de catégorie "A" de son capital-actions. ... Il sera explicitement fait mention dans les caractéristiques des actions de catégorie "B" que le "montant indiqué" aux fins du paragraphe 191(4), sera désigné par résolution des administrateurs lors de leur émission, sans excéder la JVM de la considération reçue lors de leur émission. ... Le ratio d'échange fera l'objet d'un ajustement afin de prendre en considération les modifications au capital-actions de FILCO1 décrites aux paragraphes 27 et 28 ci-dessous. ...

Le capital-actions autorisé de PORTCO est composé notamment d'un nombre illimité d'actions sans valeur nominale des catégories XXXXXXXXXX, dont les principaux droits, privilèges et restrictions sont les suivants: Catégorie «XXXXXXXXXX »: Non votantes, non participantes, donnant droit de recevoir sur déclaration par les administrateurs, en priorité sur les actions des catégories XXXXXXXXXX des dividendes trimestriels non cumulatifs de XXXXXXXXXX% du montant de la considération reçue par la société lors de l'émission des actions tel qu'enregistré au compte de capital déclaré des actions. En cas de liquidation ou dissolution, les détenteurs d'actions de catégorie «XXXXXXXXXX » ont le droit de recevoir, en priorité aux détenteurs d'actions des catégories XXXXXXXXXX un montant composé de la considération reçue par la société lors de l'émission tel qu'enregistré au compte de capital déclaré des actions et du montant des dividendes déclarés et impayés. Les actions sont rachetables au gré de la société ou du détenteur à un montant composé de la considération reçue par la société lors de l'émission tel qu'enregistré au compte de capital déclaré des actions et du montant des dividendes déclarés et impayés. ...

The Borrower will be required to offer to repay the Loan if the Borrower receives: (a) (i) any amount or compensation payable by the Entity to the Borrower (a) on termination in whole or in part of the Main Agreement or (b) in consideration for a reduction in the Availability Payment or Performance Incentive Payment or Vehicle Usage Payment or End of Term Payment under the Main Agreement or (c) by way of End of Term Payment under the Main Agreement; or (ii) the proceeds of any claim for damages or other compensation for loss of assets of the Borrower (including without limitation the Main Agreement and rights or interests under it) or arising in respect of a permanent diminution in the value of such assets, other than proceeds which are solely attributable to the temporary loss of revenue or income or required to repair or replace such assets; or (iii) any amount payable to the Borrower for any variation, release or waiver of any its rights in respect of the Project which has the effect of diminishing the value of the Project or assets of the Borrower, other than such proceeds that are required to replace an asset or satisfy a liability to a third party in relation to which the claim arose; or (iv) insurance proceeds derived from construction all risk insurance or material damage all risks insurance, except to the extent that the Borrower is obliged to use the same in reinstatement; (v) compensation for any partial or total nationalization, expropriation, compulsory acquisition of any asset or right of the Borrower or the revocation of any approval, authorization, exemption, filing, license, order, permission, recording or registration in connection with the Project; or (b) a notice of illegality from the Agent (in which case the offer to prepay is only applicable to a particular Lender that is directly affected by the illegality). ...

The key terms of the Guaranty Agreement are as follows: (a) the Financial Guarantor will be entitled to a premium in consideration of its issuing the Financial Guaranty; (b) Finco will be required to reimburse the Financial Guarantor for any payments the Financial Guarantor may be required to make under the Financial Guaranty; (c) Finco and the XXXXXXXXXX Entities acknowledge that the Financial Guarantor will be fully subrogated to the rights of the Bondholders and the Bond Trustee to the extent of any payments made by the Financial Guarantor under the Financial Guaranty; Finco and each of the XXXXXXXXXX Entities agree to indemnify the Financial Guarantor and its officers, directors, shareholders and similar persons from and against all claims, costs and expenses arising out of the Guaranty Agreement, and to reimburse the Financial Guarantor for fees, costs and expenses incurred pursuant to the Guaranty Agreement. 20. ...

At no time during the implementation of the Proposed Transactions described in this letter will the Newco Preferred Shares, or the Holdco, Lossco A, Lossco B, Lossco C shares be: (a) the subject of any undertaking that is referred to in subsection 112(2.2) as a "guarantee agreement"; (b) the subject of a dividend rental arrangement; (c) the subject of any secured undertaking of the type described in paragraph 112(2.4)(a); or (d) issued for consideration that is or includes: (i) an obligation of the type described in subparagraph 112(2.4)(b)(i); or (ii) any right of the type described in subparagraph 112(2.4)(b)(ii). 35. ...

In consideration of the services to be performed by the Custodian under the Custodian Agreement, the Custodian shall be entitled to receive such fees out of the properties of the CCF as may be agreed between the Custodian and the Manager from time to time and set forth in Schedule XXXXXXXXXX of the Custodian Agreement, subject to the maximum annual fee as disclosed in the Prospectus. g. ...

As part of the winding-up process, the Newco 1 Indebtedness will be settled for consideration equal to the amount of the Newco 1 Indebtedness. 40. ...

2012 Ruling 2011-0410181R3- Variation of trust indenture CRA Tags 104(7.1) 122.1(1) 248(1) 108(2)(b) Principal Issues: Whether the variation of a trust indenture to create and issue a new class of preferred units of a mutual fund trust would result in (1) a disposition by the trust of its assets or in a resettlement of the trust, (2) a disposition by the existing unitholders of their units, (3) the application of 104(7.1), and (4) a negative impact with respect to the definition of "real estate investment trust" in subsection 122.1 Position: (1) no (2) no (3) no (4) no negative impact on whether the trust meets the definition of "REIT" Reasons: (1) The changes are not so extensive so as to result in a resettlement of the trust and it is submitted that there will be no resettlement as a matter of provincial law. (2) No cash consideration or other proceeds of disposition will be received by the unitholders in respect of the diminishment of their rights as a consequence of the amendments. ...

Without restricting the generality of the preceding statement, it should be noted that nothing in this letter should be interpreted as confirming, either expressly or implicitly, that the CRA has agreed to, reviewed or has made any determination in respect of the following: 1. dividends on any share of any corporation mentioned above, except to the extent addressed by rulings I and J, 2. the application of subsection 20(12), 3. any foreign tax credit claim in accordance with section 126, 4. whether the facts, completed transactions and proposed transactions described herein are, or would be undertaken for fair market value considerations, 5. the reasonability of all amounts paid or received, 6. any other tax consequences relating to the facts, completed transactions, proposed transactions or subsequent to the proposed transactions, whether described in this letter or not, other than those specifically described in the rulings given above, 7. the application of subsection 245(2) in respect of any provision subject to the caveat. ...

De plus, nous prenons en considération l'information additionnelle fournie les XXXXXXXXXX et XXXXXXXXXX. ...