Definition of beneficial owner Sample Clauses
Definition of beneficial owner. (1) For the purposes of this Agreement, “beneficial owner” shall mean any individual who receives an interest payment or any individual for whom an interest payment is secured, unless such individual can provide evidence that the interest payment was not received or secured for his own benefit. An individual is not deemed to be the beneficial owner when he:
(a) acts as a paying agent within the meaning of Article 4(1) of this Agreement;
(b) acts on behalf of a legal person, an entity which is taxed on its profits under the general arrangements for business taxation, an UCITS authorised in accordance with Council Directive 85/611/EEC or an equivalent undertaking for collective investment established in Montserrat, or an entity referred to in Article 4(2) of this Agreement and, in the last mentioned case, discloses the name and address of that entity to the economic operator making the interest payment and the latter communicates such information to the competent authority of its contracting party of establishment;
(c) acts on behalf of another individual who is the beneficial owner and discloses to the paying agent the identity of that beneficial owner.
(2) Where a paying agent has information suggesting that the individual who receives an interest payment or for whom an interest payment is secured may not be the beneficial owner, and where neither paragraph (1)(a) nor (1)(b) of this Article applies, it shall take reasonable steps to establish the identity of the beneficial owner. If the paying agent is unable to identify the beneficial owner, it shall treat the individual in question as the beneficial owner.
Definition of beneficial owner. (1) For the purposes of this Agreement, “beneficial owner” shall mean any individual who receives an interest payment or any individual for whom an interest payment is secured, unless such individual can provide evidence that the interest payment was not received or secured for his own benefit. An individual is not deemed to be the beneficial owner when he:
(a) acts as a paying agent within the meaning of Article 7(1) of this Agreement;
(b) acts on behalf of a legal person, an entity which is taxed on its profits under the general arrangements for business taxation, an UCITS authorised in accordance with Directive 85/611/EEC or an equivalent undertaking for collective investment established in the Turks and Caicos Islands, or an entity referred to in Article 7(2) of this Agreement and, in the last mentioned case, discloses the name and address of that entity to the economic operator making the interest payment and the latter communicates such information to the competent authority of its contracting party of establishment;
(c) acts on behalf of another individual who is the beneficial owner and discloses to the paying agent the identity of that beneficial owner.
(2) Where a paying agent has information suggesting that the individual who receives an interest payment or for whom an interest payment is secured may not be the beneficial owner, and where neither paragraph (1)(a) nor (1)(b) of this Article applies, it shall take reasonable steps to establish the identity of the beneficial owner. If the paying agent is unable to identify the beneficial owner, it shall treat the individual in question as the beneficial owner.
Definition of beneficial owner. Beneficial Owner means individuals (natural persons) who have a) Owning or controlling 25% or more of the entity’s shares and/or voting rights,
Definition of beneficial owner. 1. For the purposes of this Agreement ‘beneficial owner’ shall mean any individual who receives an interest payment or any individual for whom an interest payment is secured, unless such individual provides evidence that the interest payment was not received or secured for his or her own benefit. An individual is not deemed to be the beneficial owner when he or she:
(a) acts as a paying agent within the meaning of Article 6; or
(b) acts on behalf of a legal person, an investment fund or a comparable or equivalent body for common investments in securities; or
(c) acts on behalf of another individual who is the beneficial owner and who discloses to the paying agent his or her identity and State of residence.
2. Where a paying agent has information suggesting that the individual who receives an interest payment or for whom an interest payment is secured may not be the beneficial owner, that agent shall take reasonable steps to establish the identity of the beneficial owner. If the paying agent is unable to identify the beneficial owner, that agent shall treat the individual in question as the beneficial owner.
Definition of beneficial owner. As of the Effective Date, the following definition shall be inserted as Section 1.02 and all section numbers 1.02 through 1.16 shall be modified to reflect the insertion of this Section 1.02:
Definition of beneficial owner. For purposes of Paragraph 21, above, the term “beneficial owner” shall be defined by Rule 13d-3 of the Rules promulgated under the Securities Exchange Act of 1934.
Definition of beneficial owner. For purposes of this Article III, "Beneficial Owner" shall have the meaning set forth in Rule 13d-3 under the Exchange Act.
Definition of beneficial owner. Section 3.05
Definition of beneficial owner. Individuals (natural persons) who have:
a) Controlling ownership - owning or controlling 25% or more of the Company’s shares and/or voting rights
b) Indirect control through ownership of shares or voting rights via another entity (e.g. Parent company, Trust or holding company) Or in the event that an individual cannot be identified in a) or b), an individual holding a position of a senior managing official (CEO or Managing Director). If additional space is required to provide the data requested in this section, please copy a blank version of this document, attach it to your application and have this signed by an Authorised Signer.
Definition of beneficial owner. 1. For the purposes of this Agreement, “beneficial owner” shall mean...
2. Where a paying agent has information suggesting that the individual...