Federal Taxation in the United States Sample Clauses

Federal Taxation in the United States. This clause summarizes the various tax implications of the revenue tax and the federal inheritance tax in the United States on property, the holding and sale of the proposed securities (“the (A Series) bonds”), including regular shares of the company (in the case of bond conversion), warrants for the purchase of regular shares of the company, and regular shares that were purchased when realizing warrants (together, “the proposed securities”). This clause is relevant only and if it is for “an Israeli holder” (as defined hereinafter), who holds the proposed securities as a capital asset for the purchase of tax in the United States. This clause does not constitute a complete description of all of the possible tax implications. This clause is based on the compilation of American tax laws of 1986, as it has been amended (“the compilation”), the legislative history of the compilation, existing or proposed regulations, the charter between the government of the United States and the government of Israel regarding taxation on income that was signed on the 20th day of November 1975, as it has been amended in the protocols dated 30th May 1980 and of the 26th January 1993 (“the charter”), the decisions of the tax authorities and the courts of law in the United States as they have been published, all of them as they are, and valid as of the date of signing this writ. These laws are subject to changes which might be made retroactively. For the purpose of this clause, “Israeli holder” is any holder (including an Israeli association and an individual Israeli resident for the purpose of tax in Israel) which is a resident of Israel for the purposes of the charter, entitled to benefits by power of the charter, is the beneficiary of the proposed securities unless he is one of the following: (a) a citizen or a resident of the United States; (b) a prior citizen or resident of the United States and subject to special rules in accordance with clause 877 of the compilation; (c) a corporation that has incorporated according to the laws of the United States or one of the states within the United States; (d) trusteeship that is subject both to supervision of the United States Court of Law, and also that all of the fundamental decisions therein are under American control, one or more, or that have been chosen in accordance with the Treasury regulations of the United States, to be American; or (e) inheritance, the revenue from which is subject to revenue tax in the United States withou...
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Related to Federal Taxation in the United States

  • United States The term “

  • Federal and State Withholding The Company shall deduct from the amounts payable to the Executive pursuant to this Agreement the amount of all required federal, state and local withholding taxes in accordance with the Executive’s Form W-4 on file with the Company, and all applicable federal employment taxes.

  • Federal Tax Status Commencing with its taxable year ended December 31, 2013, the Company has been organized and operated in conformity with the requirements for qualification and taxation as a real estate investment trust (a “REIT”) under the Code, and will continue to operate in a manner that will enable it to meet the requirements for qualification and taxation as a REIT under the Code for its taxable year ending December 31, 2019 and thereafter. All statements regarding the Company’s qualification and taxation as a REIT and descriptions of the Company’s organization and current and proposed method of operation (inasmuch as they relate to the Company’s qualification and taxation as a REIT) set forth in the Registration Statement and the Prospectus are accurate and fair summaries of the legal or tax matters described therein in all material respects. Each of the Company’s direct or indirect corporate subsidiaries will qualify as a “taxable REIT subsidiary” within the meaning of Section 856(l) of the Code. The Operating Partnership will be treated as a partnership and not as an association taxable as a corporation for U.S. federal income tax purposes.

  • United States laws (a) In this Subclause:

  • Federal Income Taxes For a brief description of the tax effects of an investment in the notes, see “U.S. Federal Income Tax Considerations” on page S-12 of the attached prospectus supplement and page 61 of the attached prospectus.

  • United States Law The determination of whether Information and Inventions are conceived, discovered, developed or otherwise made by a Party for the purpose of allocating proprietary rights (including Patent, copyright or other intellectual property rights) therein, shall, for purposes of this Agreement, be made in accordance with applicable United States law.

  • Federal Income Tax Withholding The Bank may withhold all federal and state income or other taxes from any benefit payable under this Agreement as shall be required pursuant to any law or governmental regulation or ruling.

  • Federal Tax Opinion FNB shall have received the written opinion of its tax counsel, Xxxx Xxxxx LLP, in form and substance reasonably satisfactory to FNB, dated the Closing Date, to the effect that, on the basis of facts, representations and assumptions set forth or referred to in such opinion, the Merger will qualify as a “reorganization” within the meaning of Section 368(a) of the Code. In rendering such opinion, counsel may require and rely upon representations contained in Tax Representation Letters executed by officers of HBI and FNB.

  • Federal Income Tax Matters The Certificateholders acknowledge that it is their intent and that they understand it is the intent of the Depositor and the Servicer that, for purposes of federal income, State and local income and franchise tax and any other income taxes, the Trust will be treated either as a disregarded entity under Treasury Regulation Section 301.7701-3 or as a partnership, and that the Certificateholders will be treated as partners in that partnership. The Certificateholders by acceptance of a Certificate agree to such treatment and agree to take no action inconsistent with such treatment. For each calendar quarter, other than periods in which there is only one Certificateholder:

  • FEDERAL EXCISE TAX (Applicable to those Reinsurers, excepting Underwriters at Lloyd's, London and other Reinsurers exempt from Federal Excise Tax, who are domiciled outside the United States of America.)

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