Search - contravene

" Thus, even prior to the Kappus decision we recognized that the USAMT is not a "voluntary tax", as the U.S. government enforces the USAMT provisions despite the fact that these provisions contravene the Convention. ...

Clause XXXXXXXXXX contravenes Regulation 6801(a) which requires the Plan to be established for the main purpose of permitting the employee to fund, through salary or wage deferrals, a leave of absence from the employee’s employment. ...

We are of the views that our interpretation of Reg. 1205 (b) does not contravene the rule expressed by Willie J. in Philips v. ...

However, the charity may be subject to certain penalties or have its tax-exempt registered status revoked if it contravenes the rules in sections 149.1 or 149.2 of the Act. ...

., accrual basis) appears to be consistent with well-accepted business principles, which includes GAAP, the SCC in Canderel was clear that to ascertain profit for tax purposes, the proposed income tax treatment cannot contravene any provisions of the Act or established case law principles. ...

The reduction in stated capital is necessary to permit the payment of a dividend on the Class B Common Shares and Class C Common Shares (see Paragraph 29(v) below) which will not contravene the solvency test XXXXXXXXXX. ... The purpose of the Proposed Transactions set out in Paragraph 29(iv) and 29(vi) above is to ensure that the taxable dividend to be paid on the Class B Common Shares and the Class C Common Shares will not contravene the solvency test in subsection 38(3) of the OBCA. ...

The principal amount of the Daylight Loan will not exceed the amount that Lossco could reasonably be expected to borrow from an arm’s length financial institution and will not cause Lossco to contravene any debt covenants. ... The purpose of incorporating Newco is to have Newco issue the Newco Preferred Shares to NewLossco, rather than having Lossco issue preferred shares directly to NewLossco which would result in corporate incest and contravene corporate law constraints. 46. ...

The principal amount of the Daylight Loan will not exceed the amount that Parent could borrow from an arm's length financial institution and will not cause Parent to contravene any debt covenants. ... The aggregate principal amount of the New LP Loan will not cause Parent or New LP to contravene any debt covenants in existence. ...

In such a case, the potential transferee would be entitled to receive or otherwise obtain the use of any income or capital of the trust following such a transfer, which would contravene one of the conditions provided in subparagraph 73(1.01)(c)(ii) of the ITA. c) The previous answers would not be different, whether the sale of his beneficiary rights in the trust takes place immediately or five years after the transfer of the property to the trust. ...

(g)In the event of a stock dividend, stock split, combination or exchange of shares, merger, consolidation, spin-off or other distribution (other than normal cash dividends) of XXXXXXXXXX assets to shareholders, or any other change affecting the XXXXXXXXXX Shares, such proportionate adjustments, if any, as the Personnel Committee of the Board of Directors in its discretion may deem appropriate to reflect such change, will be made with respect to the number of Units outstanding under the XXXXXXXXXX, provided (as confirmed in the above-referenced telephone conversation of XXXXXXXXXX) such proportionate adjustment does not contravene the condition in 5(k) below. ...