Allocation of the Consideration. For Canadian tax purposes, the Consideration shall be allocated among the Business Assets in accordance with Schedule 2.5. Columbia House Canada, the partners of Columbia House Canada and Canadian Sub agree to report the acquisition and transfer of the Business Assets in any returns required to be filed under the ITA and any other taxation statutes in accordance with the provisions thereof.
Appears in 3 contracts
Sources: Master Canadian Transaction Agreement (Cdnow Inc/Pa), Master Canadian Transaction Agreement (Time Warner Inc/), Master Canadian Transaction Agreement (Time Warner Inc/)