Financial Institutions with a Local Client Base Sample Clauses

Financial Institutions with a Local Client Base. An Irish Financial Institution that meets all of the following requirements: (a) The Financial Institution must be licensed and regulated under the laws of Ireland; (b) The Financial Institution must have no fixed place of business outside of Ireland; (c) The Financial Institution must not solicit account holders outside of Ireland. For this purpose, a Financial Institution shall not be considered to have solicited account holders outside of Ireland merely because it operates a website, provided that the website does not specifically indicate that the Financial Institution provides accounts or services to non-residents, or otherwise target or solicit U.S. customers; (d) The Financial Institution must be required under the tax laws of Ireland to perform either information reporting or withholding of tax with respect to accounts held by residents of Ireland; (e) At least 98 per cent of the accounts by value provided by the Financial Institution must be held by residents (including residents that are entities) of Ireland or another Member State of the European Union; (f) Subject to subparagraph (g) below, beginning on January 1, 2014, the Financial Institution does not open accounts for (i) any Specified U.S. Person who is not a resident of Ireland (including a U.S. Person that was a resident of Ireland when the account was opened but subsequently ceases to be a resident of Ireland), (ii) a Nonparticipating Financial Institution, or (iii) any Passive NFFE with Controlling Persons who are U.S. citizens or residents; (g) On or before January 1, 2014, the Financial Institution must implement policies and procedures to monitor whether it provides any account held by a person described in subparagraph (f), and if such an account is discovered, the Financial Institution must report such account as though the Financial Institution were a Reporting Irish Financial Institution or close such account; (h) With respect to each account that is held by an individual who is not a resident of Ireland or by an entity, and that is opened prior to the date that the Financial Institution implements the policies and procedures described in subparagraph (g) above, the Financial Institution must review those accounts in accordance with the procedures described in Annex I applicable to Preexisting Accounts to identify any U.S. Reportable Account or account held by a Nonparticipating Financial Institution, and must close any such accounts that were identified, or report on such accou...
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Financial Institutions with a Local Client Base. 1. Any Financial Institution, including any of the entities listed in this subparagraph 1, that meets the requirements of subparagraph 2, below:  Credit Unions - a body corporate registered under the Industrial and Provident Societies Xxx 0000 as a credit union in accordance with the Credit Unions Act or a body corporate registered under the Credit Unions (Northern Ireland) Order 1985 or a body corporate registered under the Industrial and Provident Societies Act (Northern Ireland) 1969 as a credit union  Industrial and Provident Societies - an industrial and provident society registered or deemed to be registered under the Industrial and Provident Societies Xxx 0000 (c. 12)
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Financial Institutions with a Local Client Base. A New Zealand Financial Institution satisfying the following requirements: 1. The Financial Institution must be licensed or regulated as a financial institution under the laws of New Zealand; 2. The Financial Institution must have no fixed place of business outside of New Zealand. For this purpose, a fixed place of business does not include a location that is not advertised to the public and from which the Financial Institution performs solely administrative support functions; 3. The Financial Institution must not solicit customers or Account Holders outside of New Zealand. For this purpose, a Financial Institution shall not be considered to have solicited customers or Account Holders outside of New Zealand merely because the Financial Institution (a) operates a website, provided that the website does not specifically indicate that the Financial Institution provides Financial Accounts or services to non-residents, and does not otherwise target or solicit U.S. customers or Account Holders, or (b) advertises in print media or on a radio or television station that is distributed or aired primarily within New Zealand but is also incidentally distributed or aired in other countries, provided that the advertisement does not specifically indicate that the Financial Institution provides Financial Accounts or services to non-residents, and does not otherwise target or solicit U.S. customers or Account Holders; 4. The Financial Institution must be required under the laws of New Zealand to identify resident Account Holders for the purposes of either information reporting or withholding of tax with respect to Financial Accounts held by residents or for the purposes of satisfying New Zealand’s anti-money laundering due diligence requirements; 5. At least 98 percent of the Financial Accounts by value maintained by the Financial Institution, as of the last day of the preceding calendar year or other appropriate reporting period, must be held by residents (including residents that are Entities) of New Zealand or Australia; 6. Beginning on or before July 1, 2014, the Financial Institution must have policies and procedures, consistent with those set forth in Annex I, to prevent the Financial Institution from providing a Financial Account to any Nonparticipating Financial Institution and to monitor whether the Financial Institution opens or maintains a Financial Account for (i) any Specified U.S. Person who is not a resident of New Zealand (including a U.S. Person that was a...
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Financial Institutions with a Local Client Base. Any Financial Institution that meets all of the following requirements: 1. The Financial Institution must be licensed and regulated under the laws of Curaçao; 2. The Financial Institution must have no fixed place of business outside Curaçao. For this purpose, a fixed place of business does not include a location that is not advertised to the public and from which the Financial Institution performs solely administrative support functions; 3. The Financial Institution must not solicit account holders outside Curaçao. For this purpose, a Financial Institution shall not be considered to have solicited account holders outside of Curaçao merely because the Financial Institution (a) operates a website, provided that the website does not specifically indicate that the Financial Institution provides Financial Accounts or services to non- residents, and does not otherwise target or solicit U.S. customers or Account Holders; or (b) advertises in print media or on a radio or television station that is distributed or aired primarily within Curaçao but is also incidentally distributed or aired in other countries, provided that the advertisement does not specifically indicate that the Financial Institution provides Financial Accounts or services to nonresidents, and does not otherwise target or solicit U.S. customers or Account Holders; 4. The Financial Institution must be required under the tax laws of Curaçao to identify resident Account Holders for purposes of either information reporting or withholding of tax with respect to Financial Accounts held by residents or for purposes of satisfying Curaçao’s AML due diligence requirements; 5. At least 98 percent of the Financial Accounts by value maintained by the Financial Institution must be held by residents (including residents that are entities) of Curaçao; 6. Beginning on July 1, 2014, the Financial Institution must have policies and procedures, consistent with those set forth in Annex I, to prevent the Financial Institution from providing a Financial Account to any Nonparticipating Financial Institution and to monitor whether the Financial Institution opens or maintains a Financial Account for any Specified U.S. Person who is not a resident of Curaçao (including a U.S. Person that was a resident of Curaçao when the account was opened but subsequently ceases to be a resident of Curaçao) or any Passive NFFE with Controlling Persons who are U.S. citizens or residents who are not residents of Curaçao; 7. Such policies and...
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Financial Institutions with a Local Client Base. An Irish Financial Institution that meets all of the following requirements: (a) The Financial Institution must be licensed and regulated under the laws of Ireland; (b) The Financial Institution must have no fixed place of business outside of Ireland; (c) The Financial Institution must not solicit account holders outside of Ireland. For this purpose, a Financial Institution shall not be considered to have solicited account holders outside of Ireland merely because it operates a website, provided that the website does not specifically indicate that the Financial Institution provides accounts or services to non- residents, or otherwise target or solicit U.S. customers; (d) The Financial Institution must be required under the tax laws of Ireland to perform either information reporting or withholding of tax with respect to accounts held by residents of Ireland; (e) At least 98 per cent of the accounts by value provided by the Financial Institution must be held by residents (including residents that are entities) of Ireland or another Member State of the European Union; (f) Subject to subparagraph (g) below, beginning on January 1, 2014, the Financial Institution does not open accounts for (i) any Specified U.S. Person who is not a resident of Ireland (including a U.S. Person that was a resident of Ireland when the account was opened but subsequently ceases to be a resident of Ireland), (ii) a Nonparticipating Financial Institution, or
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Financial Institutions with a Local Client Base. A Financial Institution satisfying the following requirements: 1. The Financial Institution must be licensed and regulated as a financial institution under the laws of Malta; 2. The Financial Institution must have no fixed place of business outside of Malta. For this purpose, a fixed place of business does not include a location that is not advertised to the public and from which the Financial Institution performs solely administrative support functions; 3. The Financial Institution must not solicit customers or Account Holders outside Malta. For this purpose, a Financial Institution shall not be considered to have solicited account holders outside Malta merely because the Financial Institution (a) operates a website, provided that the website does not specifically indicate that the Financial Institution provides Financial Accounts or services to nonresidents, and does not otherwise target or solicit U.S. customers or Account Holders, or (b) advertises in print media or on a radio or television station that is distributed or aired primarily within Malta but is also incidentally distributed or aired in other countries, provided that the advertisement does not specifically indicate that the Financial Institution provides Financial Accounts or services to nonresidents, and does not otherwise target or solicit U.S. customers or Account Holders; 4. The Financial Institution must be required under the laws of Malta to identify resident Account Holders for purposes of either information reporting or withholding of tax with respect to Financial Accounts held by residents or for purposes of satisfying Malta’s AML due diligence requirements; 5. At least 98 percent of the Financial Accounts by value maintained by the Financial Institution must be held by residents (including residents that are Entities) of Malta or a Member State of the European Union; 6. Beginning on or before July 1, 2014, the Financial Institution must have policies and procedures, consistent with those set forth in Annex I, to prevent the Financial Institution from providing a Financial Account to any Nonparticipating Financial Institution and to monitor whether the Financial Institution opens or maintains a Financial Account for any Specified U.S. Person who is not a resident of Malta (including a U.S. Person that was a resident of Malta when the Financial Account was opened but subsequently ceases to be a resident of Malta) or any Passive NFFE with Controlling Persons who are U.S. residents or ...
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Financial Institutions with a Local Client Base. A French Financial Institution that meets all of the following requirements: 1. The Financial Institution must be licensed and regulated as a financial institution under the laws of France; 2. The Financial Institution must have no fixed place of business outside France. For this purpose, a fixed place of business does not include a location that is not advertised to the public and from which the Financial Institution performs solely administrative support functions; 3. The Financial Institution must not solicit customers or Account Holders outside France. For this purpose, a Financial Institution shall not be considered to have solicited customers or Account Holders outside of France merely because the Financial Institution (a) operates a website, provided that the website does not specifically indicate that the Financial Institution provides Financial Accounts or services to non-residents, and does not otherwise target or solicit U.S. customers or Account Holders, or
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Related to Financial Institutions with a Local Client Base

  • Transactions with Insiders So long as the Notes are outstanding without a majority of the Subscribers consent, the Company shall not, and shall cause each of its Subsidiaries not to, enter into, materially amend, materially modify or materially supplement, or permit any Subsidiary to enter into, materially amend, materially modify or materially supplement, any agreement, transaction, commitment, or arrangement relating to the sale, transfer or assignment of any of the Company’s tangible or intangible assets with any of its Insiders (as defined below)(or any persons who were Insiders at any time during the previous two (2) years), or any Affiliates (as defined below) thereof, or with any individual related by blood, marriage, or adoption to any such individual. “Affiliate” for purposes of this Section 9(t) means, with respect to any person or entity, another person or entity that, directly or indirectly, (i) has a ten percent (10%) or more equity interest in that person or entity, (ii) has ten percent (10%) or more common ownership with that person or entity, (iii) controls that person or entity, or (iv) shares common control with that person or entity. “Control” or “Controls” for purposes of the Transaction Documents means that a person or entity has the power, direct or indirect, to conduct or govern the policies of another person or entity. For purposes hereof, “Insiders” shall mean any officer, director or manager of the Company, including but not limited to the Company’s president, chief executive officer, chief financial officer and chief operations officer, and any of their affiliates or family members.

  • TRANSACTIONS WITH OTHER INVESTMENT ADVISERS The Advisor is not an affiliated person of any investment adviser responsible for providing advice with respect to any other series of the Trust, or of any promoter, underwriter, officer, director, member of an advisory board or employee of any other series of the Trust. The Advisor shall not consult with the investment adviser of any other series of the Trust concerning transactions for the Fund or any other series of the Trust.

  • Agreements with Foreign Banking Institutions Each agreement with a foreign banking institution shall provide that: (a) the assets of each Portfolio will not be subject to any right, charge, security interest, lien or claim of any kind in favor of the foreign banking institution or its creditors or agent, except a claim of payment for their safe custody or administration; (b) beneficial ownership for the assets of each Portfolio will be freely transferable without the payment of money or value other than for custody or administration; (c) adequate records will be maintained identifying the assets as belonging to each applicable Portfolio; (d) officers of or auditors employed by, or other representatives of the Custodian, including to the extent permitted under applicable law the independent public accountants for the Fund, will be given access to the books and records of the foreign banking institution relating to its actions under its agreement with the Custodian; and (e) assets of the Portfolios held by the foreign sub-custodian will be subject only to the instructions of the Custodian or its agents.

  • Communications with Rating Agencies The parties hereto (other than the Seller and its Affiliates but excluding the Issuing Entity) agree that any notices or requests to, or any other written communications with, any of the Rating Agencies, or any of their respective officers, directors or employees, to be given or provided to such Rating Agencies pursuant to, in connection with or related, directly or indirectly, to the Basic Documents, the Collateral or the Notes, shall be in each case either (i) furnished to the Seller who shall forward such communication to the Rating Agencies pursuant to Section 10.18 of the Sale and Servicing Agreement; or (ii) furnished directly to the Rating Agencies with a prior copy to the Seller. In either case, the parties hereto (other than the Seller and its Affiliates but excluding the Issuing Entity) further agree to provide such notices, requests and communications or copies thereof, as applicable, to the Seller at least one Business Day prior to the date when such notices, requests and communications are required to be delivered (or are in fact delivered, whichever is earlier) to the Rating Agencies pursuant to the Basic Documents. So long as any Notes are Outstanding, each party hereto (other than the Seller and its Affiliates but excluding the Issuing Entity) agrees that neither it nor any party on its behalf shall engage in any oral communications with respect to the transactions contemplated hereby, under the Basic Documents or in any way relating to the Notes with any Rating Agency or any of their respective officers, directors or employees, without the participation of the Seller.

  • Transactions with Interested Persons Unless prohibited by the charter ------------------------------------ documents of any Member and unless entered into in bad faith, no contract or transaction between the Company and one or more of its Managers or Members, or between the Company and any other corporation, partnership, association or other organization in which one or more of its Managers or Members have a financial interest or are directors, partners, Managers or officers, shall be voidable solely for this reason or solely because such Manager or Member was present or participated in the authorization of such contract or transaction if: (a) the material facts as to the relationship or interest of such Manager or Member and as to the contract or transaction were disclosed or known to the other Managers (if any) or Members and the contract or transaction was authorized by the disinterested Managers (if any) or Members; or (b) the contract or transaction was fair to the Company as of the time it was authorized, approved or ratified by the disinterested Managers (if any) or Members; and no Manager or Member interested in such contract or transaction, because of such interest, shall be considered to be in breach of this Agreement or liable to the Company, any Manager or Member, or any other person or organization for any loss or expense incurred by reason of such contract or transaction or shall be accountable for any gain or profit realized from such contract or transaction.

  • AFFILIATIONS WITH THE OBLIGOR If the obligor is an affiliate of the trustee, describe each affiliation: Based upon an examination of the books and records of the trustee and upon information furnished by the obligor, the obligor is not an affiliate of the trustee.

  • Communications with Accountants Each of the Borrowers authorizes the Administrative Agent and, if accompanied by the Administrative Agent, the Lenders to communicate directly with the Accountants and authorizes the Accountants to disclose to the Administrative Agent and the Lenders any and all financial statements and other supporting financial documents and schedules including copies of any management letter with respect to the business, financial condition and other affairs of such Borrower or any of its Subsidiaries. At the request of the Administrative Agent, such Borrower shall deliver a letter addressed to the Accountants instructing them to comply with the provisions of this §8.9.2.

  • Affected Financial Institutions No Loan Party is an Affected Financial Institution.

  • Acknowledgement and Consent to Bail-In of EEAAffected Financial Institutions Notwithstanding anything to the contrary in any Loan Document or in any other agreement, arrangement or understanding among any such parties, each party hereto acknowledges that any liability of any EEAAffected Financial Institution arising under any Loan Document, to the extent such liability is unsecured, may be subject to the write-down and conversion powers of an EEAthe applicable Resolution Authority and agrees and consents to, and acknowledges and agrees to be bound by: (a) the application of any Write-Down and Conversion Powers by an EEAthe applicable Resolution Authority to any such liabilities arising hereunder which may be payable to it by any party hereto that is an EEAAffected Financial Institution; and (b) the effects of any Bail-in Action on any such liability, including, if applicable: (i) a reduction in full or in part or cancellation of any such liability; (ii) a conversion of all, or a portion of, such liability into shares or other instruments of ownership in such EEAAffected Financial Institution, its parent undertaking, or a bridge institution that may be issued to it or otherwise conferred on it, and that such shares or other instruments of ownership will be accepted by it in lieu of any rights with respect to any such liability under this Agreement or any other Loan Document; or (iii) the variation of the terms of such liability in connection with the exercise of the write-down and conversion powers of any EEAthe applicable Resolution Authority.

  • EEA Financial Institutions No Loan Party is an EEA Financial Institution.

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