FIRPTA. Seller is not a foreign corporation, foreign partnership, foreign trust or foreign estate (as those items are defined in the Internal Revenue Code and Income Tax Regulations).
FIRPTA. Seller is not a “foreign person” as defined in Section 1445(f)(3) of the Internal Revenue Code.
FIRPTA. A Foreign Investment in Real Property Tax Act affidavit executed by Seller;
FIRPTA. Seller is not a “foreign person,” “foreign partnership,” “foreign trust” or “foreign estate” as those terms are defined in Section 1445 of the Internal Revenue Code.
FIRPTA. Seller is not a “foreign person” within the meaning of Section 1445 of the Code and the Regulations issued thereunder.
FIRPTA. Neither the Company, nor any of its Subsidiaries, is a “United States real property holding corporation” as such term is defined in Section 897(c)(2) of the Code and Treasury Regulation Section 1.897-2 promulgated thereunder and neither the Company nor any of its Subsidiaries shall at any time take any action or otherwise acquire any interest in any asset or property to the extent the effect of which shall cause the Company and/or such Subsidiary, as the case may be, to be a “United States real property holding corporation” as such term is defined in Section 897(c)(2) of the Code and Treasury Regulation Section 1.897-2 promulgated thereunder.
FIRPTA. The Internal Revenue Service (IRS) may require a substantial portion of the Seller’s proceeds be 606 withheld after Closing when Seller is a foreign person. If required withholding does not occur, the Buyer could be held liable for the 607 amount of the Seller’s tax, interest and penalties. If the box in this Section is checked, Seller represents that Seller IS a foreign 608 person for purposes of U.S. income taxation. If the box in this Section is not checked, Seller represents that Seller is not a foreign 609 person for purposes of U.S. income taxation. Xxxxxx agrees to cooperate with Buyer and Closing Company to provide any reasonably 610 requested documents to verify Seller’s foreign person status. If withholding is required, Seller authorizes Closing Company to 611 withhold such amount from Seller’s proceeds. Seller should inquire with Xxxxxx’s tax advisor to determine if withholding applies or 612 if an exemption exists.
FIRPTA. The parties shall comply with IRC §§ 897, 1445 and the regulations thereunder as same may be amended ("FIRPTA"). If applicable, Seller shall execute and deliver to purchaser at Closing a Certification of Non- Foreign Status ("CNS") or deliver a Withholding Certificate from the IRS. If Seller fails to deliver a CNS or a Withholding Certificate, Purchaser shall withhold from the Balance, and remit to the IRS, such sum as may be required by law. Seller hereby waives any right of action against Purchaser on account of such withholding and remittance. This ¶ 25 shall survive Closing.
