Common use of Certification of Non-Foreign Status Clause in Contracts

Certification of Non-Foreign Status. In order to comply with Section 1445 of the Code and the applicable Treasury Regulations thereunder, in the event of the disposition by the Company of a United States real property interest as defined in the Code and Treasury Regulations, each Member shall provide to the Company, an affidavit stating, under penalties of perjury, (i) the Member’s address, (ii) United States taxpayer identification number, and (iii) that the Member is not a foreign person as that term is defined in the Code and Treasury Regulations. Failure by any Member to provide such affidavit by the date of such disposition shall authorize the Managers to withhold ten percent (10%) of each such Member’s distributive share of the amount realized by the Company on the disposition.

Appears in 5 contracts

Samples: Operating Agreement, Operating Agreement (Bluerock Residential Growth REIT, Inc.), Operating Agreement (Bluerock Residential Growth REIT, Inc.)

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Certification of Non-Foreign Status. In order to comply with Section 1445 of the Code and the applicable Treasury Regulations thereunder, in the event of the disposition by the Company of a United States real property interest as defined in the Code and Treasury Regulations, each Member shall provide to the Company, an affidavit stating, under penalties of perjury, (i) the Member’s 's address, (ii) United States taxpayer identification number, and (iii) that the Member is not a foreign person as that term is defined in the Code and Treasury Regulations. Failure by any Member to provide such affidavit by the date of such disposition shall authorize the Managers Manager to withhold ten percent (10%) of each such Member’s 's distributive share of the amount realized by the Company on the disposition.

Appears in 3 contracts

Samples: Operating Agreement (Cannaisseur Group Inc.), Operating Agreement (Bluerock Enhanced Multifamily Trust, Inc.), Operating Agreement (Bluerock Enhanced Multifamily Trust, Inc.)

Certification of Non-Foreign Status. In order to comply with Section 1445 of the Code and the applicable Treasury Regulations thereunder, in the event of the disposition by the Company of a United States real property interest as defined in the Code and Treasury Regulations, each Member shall provide to the Company, an affidavit stating, under penalties of perjury, (i) the Member’s address, (ii) United States taxpayer identification number, and (iii) that the Member is not a foreign person as that term is defined in the Code and Treasury Regulations. Failure by any Member to provide such affidavit by the date of such disposition shall authorize the Managers Manager to withhold ten percent (10%) of each such Member’s distributive share of the amount realized by the Company on the disposition.

Appears in 2 contracts

Samples: Operating Agreement, Operating Agreement

Certification of Non-Foreign Status. In order to comply with Section 1445 of the Code and the applicable Treasury Regulations thereunder, in the event of the disposition by the Company of a United States real property interest as defined in the Code and Treasury Regulations, each Member Shareholder shall provide to the Company, an affidavit stating, under penalties of perjury, (ia) the Member’s Shareholder's address, (iib) United States taxpayer identification number, and (iiic) that the Member Shareholder is not a foreign person as that term is defined in the Code and Treasury Regulations. Failure by any Member Shareholder to provide such affidavit by the date of such disposition shall authorize the Board of Managers to withhold ten percent (10%) of each such Member’s Shareholder's distributive share Share of the amount realized by the Company on the disposition.

Appears in 2 contracts

Samples: Operating Agreement (National Boston Medical Inc), Agreement to Purchase (National Boston Medical Inc)

Certification of Non-Foreign Status. In order to comply with Section § 1445 of the Code and the applicable Treasury Regulations thereunder, in the event of the disposition by the Company of a United States real property interest as defined in the Code and Treasury Regulations, each Member shall provide to the Company, an affidavit stating, under penalties of perjury, (i) the Member’s address, (ii) United States taxpayer Taxpayer identification number, and (iii) that the Member is not a foreign person as that term is defined in the Code and Treasury Regulations. Failure by any Member to provide such affidavit by the date of such disposition shall authorize the Managers Manager to withhold ten percent (10%) % of each such Member’s distributive share of the amount realized by the Company on the disposition.

Appears in 2 contracts

Samples: Operating Agreement (Inland Western Retail Real Estate Trust Inc), Operating Agreement (Inland Western Retail Real Estate Trust Inc)

Certification of Non-Foreign Status. In order to comply with Section 1445 of the Code and the applicable Treasury Regulations thereunder, in the event of the disposition by the Company of a United States real property interest as defined in the Code and Treasury Regulations, each Member shall provide to the Company, an affidavit stating, under penalties of perjury, (i) the Member’s 's address, (ii) United States taxpayer identification number, and (iii) that the Member is not a foreign person as that term is defined in the Code and Treasury Regulations. Failure by any Member to provide such affidavit by the date of such disposition shall authorize the Managers to withhold ten percent (10%) of each such Member’s 's distributive share of the amount realized by the Company on the disposition.

Appears in 1 contract

Samples: Operating Agreement (Bluerock Residential Growth REIT, Inc.)

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Certification of Non-Foreign Status. In order to comply with Section §1445 of the Code and the applicable Treasury Regulations thereunder, in the event of the disposition by the Company of a United States real property interest as defined in the Code and Treasury Regulations, each Member Shareholder shall provide to the Company, an affidavit stating, under penalties of perjury, (ia) the MemberShareholder’s address, (iib) United States taxpayer identification number, and (iiic) that the Member Shareholder is not a foreign person as that term is defined in the Code and Treasury Regulations. Failure by any Member Shareholder to provide such affidavit by the date of such disposition shall authorize the Board of Managers to withhold ten percent (10%) of each such MemberShareholder’s distributive share Share of the amount realized by the Company on the disposition.

Appears in 1 contract

Samples: Operating Agreement (Aptitude Solutions, Inc.)

Certification of Non-Foreign Status. In order to comply with Section 1445 of the Code and the applicable Treasury Regulations thereunder, in the event of the disposition by the Company of a United States real property interest as defined in the Code and Treasury Regulations, each Member shall provide to the Company, an affidavit stating, under penalties of perjury, (i) the Member’s 's address, (ii) United States taxpayer identification number, and (iii) that the Member is not a foreign person as that term is defined in the Code and Treasury Regulations. Failure by any Member to provide such affidavit by the date of such disposition shall authorize the Managers to withhold ten percent (10%) of each such Member’s distributive 's allocable share of the amount gain realized by the Company on the disposition.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Glimcher Realty Trust)

Certification of Non-Foreign Status. In order to comply with Section § 1445 of the Code and the applicable Treasury Regulations thereunder, in the event of the disposition by the Company of a United States real property interest as defined in the Code and Treasury Regulations, each Member shall provide to the Company, an affidavit stating, under penalties of perjury, (i) the Member’s address, (ii) United States taxpayer Taxpayer identification number, and (iii) that the Member is not a foreign person as that term is defined in the Code and Treasury Regulations. Failure by any Member to provide such affidavit by the date of such disposition shall authorize the Managers Manager to withhold ten percent (10%) % of each such Member’s distributive share of the amount realized by the Company on the disposition.

Appears in 1 contract

Samples: Operating Agreement (Behringer Harvard Opportunity REIT II, Inc.)

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