Common use of FIRPTA TAX WITHHOLDING Clause in Contracts

FIRPTA TAX WITHHOLDING. If any SELLER is a “foreign person” as defined by the Foreign Investment in 501 Real Property Tax Act, the BUYER and SELLER shall comply with the Act, which may require SELLER to 502 provide additional funds at closing. SELLER agrees to disclose to the closing attorney/settlement agent 503 at least 10 days before closing if any SELLER is not a U.S. citizen or resident alien. 504 26. TIME OF ACCEPTANCE: IF THIS OFFER IS NOT SIGNED BY BUYER AND SELLER AND DELIVERED 505 TO BUYER AND SELLER OR THEIR RESPECTIVE BROKER (INCLUDING ELECTRONICALLY OR BY 506 FAX) ON OR BEFORE :01 A.M. P.M. (DATE), THIS OFFER WILL BE 507 DEEMED WITHDRAWN. 508 THE TIME FOR ACCEPTANCE OF ANY COUNTER OFFER SHALL BE HOURS (24 509 HOURS IF LEFT BLANK) FROM THE TIME THE COUNTER OFFER IS DELIVERED.

Appears in 3 contracts

Samples: Purchase and Sale Agreement, Purchase and Sale Agreement, Purchase and Sale Agreement

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FIRPTA TAX WITHHOLDING. If any SELLER is a “foreign person” as defined by the Foreign Investment in 501 499 Real Property Tax Act, the BUYER and SELLER shall comply with the Act, which may require SELLER to 502 500 provide additional funds at closing. SELLER agrees to disclose to the closing attorney/settlement agent 503 at 501 least 10 days before closing if any SELLER is not a U.S. U. S. citizen or resident alien. 504 26502 31. TIME OF ACCEPTANCE: IF THIS OFFER IS NOT SIGNED BY BUYER AND SELLER AND DELIVERED 505 503 TO BUYER AND SELLER OR THEIR RESPECTIVE BROKER (INCLUDING ELECTRONICALLY OR BY 506 504 FAX) ON OR BEFORE :01 A.M. P.M. (DATE), THIS OFFER WILL BE 507 505 DEEMED WITHDRAWN. 508 THE TIME FOR ACCEPTANCE OF ANY COUNTER OFFER SHALL BE 506 HOURS (24 509 HOURS IF LEFT BLANK) FROM THE TIME THE COUNTER OFFER IS 507 DELIVERED.

Appears in 2 contracts

Samples: Vacant Land Purchase and Sale Agreement, Vacant Land Purchase and Sale Agreement

FIRPTA TAX WITHHOLDING. If any SELLER is a “foreign person” as defined by the Foreign Investment in 501 499 Real Property Tax Act, the BUYER and SELLER shall comply with the Act, which may require SELLER to 502 500 provide additional funds at closing. SELLER XXXXXX agrees to disclose to the closing attorney/settlement agent 503 at 501 least 10 days before closing if any SELLER is not a U.S. U. S. citizen or resident alien. 504 26502 31. TIME OF ACCEPTANCE: IF THIS OFFER IS NOT SIGNED BY BUYER AND SELLER AND DELIVERED 505 503 TO BUYER AND SELLER OR THEIR RESPECTIVE BROKER (INCLUDING ELECTRONICALLY OR BY 506 504 FAX) ON OR BEFORE :01 A.M. P.M. (DATE), THIS OFFER WILL BE 507 505 DEEMED WITHDRAWN. 508 THE TIME FOR ACCEPTANCE OF ANY COUNTER OFFER SHALL BE 506 HOURS (24 509 HOURS IF LEFT BLANK) FROM THE TIME THE COUNTER OFFER IS 507 DELIVERED.

Appears in 1 contract

Samples: Vacant Land Purchase and Sale Agreement

FIRPTA TAX WITHHOLDING. If any SELLER is a “foreign person” as defined by the Foreign Investment in 501 502 Real Property Tax Act, the BUYER and SELLER shall comply with the Act, which may require SELLER to 502 503 provide additional funds at closing. SELLER agrees to disclose to the closing attorney/settlement 504 agent 503 at least 10 days before closing if any SELLER is not a U.S. citizen or resident alien. 504 505 26. TIME OF ACCEPTANCE: IF THIS OFFER IS NOT SIGNED BY BUYER AND SELLER AND DELIVERED 505 506 TO BUYER AND SELLER OR THEIR RESPECTIVE BROKER (INCLUDING ELECTRONICALLY OR BY 506 FAXFAX AND 507 ELECTRONICALLY) ON OR BEFORE :01 A.M. P.M. (DATE), THIS OFFER WILL BE 507 DEEMED WITHDRAWN508 TERMINATE. 508 THE TIME FOR ACCEPTANCE OF ANY COUNTER OFFER SHALL BE HOURS 509 (24 509 HOURS IF LEFT BLANK) FROM THE TIME THE COUNTER OFFER IS DELIVERED.

Appears in 1 contract

Samples: Purchase and Sale Agreement

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FIRPTA TAX WITHHOLDING. If any SELLER is a “foreign person” as defined by the Foreign Investment in 501 Real Property Tax Act, the BUYER and SELLER shall comply with the Act, which may require SELLER to 502 provide additional funds at closing. SELLER XXXXXX agrees to disclose to the closing attorney/settlement agent 503 at least 10 days before closing if any SELLER is not a U.S. citizen or resident alien. 504 26. TIME OF ACCEPTANCE: IF THIS OFFER IS NOT SIGNED BY BUYER AND SELLER AND DELIVERED 505 TO BUYER AND SELLER OR THEIR RESPECTIVE BROKER (INCLUDING ELECTRONICALLY OR BY 506 FAX) ON OR BEFORE :01 A.M. P.M. (DATE), THIS OFFER WILL BE 507 DEEMED WITHDRAWN. 508 THE TIME FOR ACCEPTANCE OF ANY COUNTER OFFER SHALL BE HOURS (24 509 HOURS IF LEFT BLANK) FROM THE TIME THE COUNTER OFFER IS DELIVERED.

Appears in 1 contract

Samples: Purchase and Sale Agreement

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