Common use of FIRPTA Clause in Contracts

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 Internal Revenue Service (IRS) may require a substantial portion of the Seller’s proceeds be 606 626 withheld after Closing when Seller is a foreign person. If required withholding does not occur, the Buyer could be held liable for 627 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 628 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 629 foreign 609 person for purposes of U.S. income taxation. Xxxxxx agrees to cooperate with Buyer and Closing Company to provide any 630 reasonably 610 requested documents to verify Seller’s foreign person status. If withholding is required, Seller authorizes Closing 631 Company to 611 withhold such amount from Seller’s proceeds. Seller should inquire with Xxxxxx’s tax advisor to determine if 632 withholding applies or 612 if an exemption exists.

FIRPTA. The Internal Revenue Service (IRS) may require a substantial portion of the Seller’s proceeds be 606 376 withheld after Closing when Seller is a foreign person. If required withholding does not occur, the Buyer could be held liable for the 607 377 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. 378 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. 379 income taxation. Xxxxxx agrees to cooperate with Buyer and Closing Company to provide any reasonably 610 requested documents to 380 verify Seller’s foreign person status. If withholding is required, Seller authorizes Closing Company to 611 withhold such amount from 381 Seller’s proceeds. Seller should inquire with Xxxxxx’s tax advisor to determine if withholding applies or 612 if an exemption exists.

FIRPTA. The Internal Revenue Service (IRS) may require a substantial portion of the Seller’s proceeds be 606 626 withheld after Closing when Seller is a foreign person. If required withholding does not occur, the Buyer could be held liable for the 607 627 amount of the Seller’s tax, interest and penalties. If the box in this Section is checked, Seller represents that Seller IS a foreign 608 628 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 609 629 person for purposes of U.S. income taxation. Xxxxxx agrees to cooperate with Buyer and Closing Company to provide any reasonably 610 630 requested documents to verify Seller’s foreign person status. If withholding is required, Seller authorizes Closing Company to 611 631 withhold such amount from Seller’s proceeds. Seller should inquire with Xxxxxx’s tax advisor to determine if withholding applies or 612 632 if an exemption exists.

FIRPTA. The Internal Revenue Service (IRS) may require a substantial portion of the Seller’s proceeds be 606 647 withheld after Closing when Seller is a foreign person. If required withholding does not occur, the Buyer could be held liable for 648 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 649 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 650 foreign 609 person for purposes of U.S. income taxation. Xxxxxx agrees to cooperate with Buyer and Closing Company to provide any 651 reasonably 610 requested documents to verify Seller’s foreign person status. If withholding is required, Seller authorizes Closing 652 Company to 611 withhold such amount from Seller’s proceeds. Seller should inquire with Xxxxxx’s tax advisor to determine if 653 withholding applies or 612 if an exemption exists.

FIRPTA. The Internal Revenue Service (IRS) may require a substantial portion of the Seller’s proceeds be 606 622 withheld after Closing when Seller is a foreign person. If required withholding does not occur, the Buyer could be held liable for the 607 623 amount of the Seller’s tax, interest and penalties. If the box in this Section is checked, Seller represents that Seller IS a foreign 608 624 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 609 625 person for purposes of U.S. income taxation. Xxxxxx agrees to cooperate with Buyer and Closing Company to provide any reasonably 610 626 requested documents to verify Seller’s foreign person status. If withholding is required, Seller authorizes Closing Company to 611 627 withhold such amount from Seller’s proceeds. Seller should inquire with Xxxxxx’s tax advisor to determine if withholding applies or 612 628 if an exemption exists.

FIRPTA. The Internal Revenue Service (IRS) may require a substantial portion of the Seller’s proceeds be 606 withheld after 627 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, 628 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 629 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 Seller 630 agrees to cooperate with Buyer and Closing Company to provide any 73 reasonably 610 requested documents to verify Seller’s foreign person status. 631 If withholding is required, Seller authorizes Closing Company to 611 withhold such amount from Seller’s proceeds. Seller should inquire with XxxxxxSeller’s 632 tax advisor to determine if withholding applies or 612 if an exemption exists.

FIRPTA. The Internal Revenue Service (IRS) may require a substantial portion of the Seller’s proceeds be 606 688 withheld after Closing when Seller is a foreign person. If required withholding does not occur, the Buyer could be held liable for the 607 689 amount of the Seller’s tax, interest and penalties. If the box in this Section is checked, Seller represents that Seller IS a foreign 608 690 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 609 691 person for purposes of U.S. income taxation. Xxxxxx agrees to cooperate with Buyer and Closing Company to provide any reasonably 610 692 requested documents to verify Seller’s foreign person status. If withholding is required, Seller authorizes Closing Company to 611 693 withhold such amount from Seller’s proceeds. Seller should inquire with Xxxxxx’s tax advisor to determine if withholding applies or 612 694 if an exemption exists.

FIRPTA. The Internal Revenue Service (IRS) may require a substantial portion of the Seller’s proceeds be 606 673 withheld after Closing when Seller is a foreign person. If required withholding does not occur, the Buyer could be held liable for the 607 674 amount of the Seller’s tax, interest and penalties. If the box in this Section is checked, Seller represents that Seller IS a foreign 608 675 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 609 676 person for purposes of U.S. income taxation. Xxxxxx agrees to cooperate with Buyer and Closing Company to provide any reasonably 610 677 requested documents to verify Seller’s foreign person status. If withholding is required, Seller authorizes Closing Company to 611 678 withhold such amount from Seller’s proceeds. Seller should inquire with Xxxxxx’s tax advisor to determine if withholding applies or 612 679 if an exemption exists.

FIRPTA. The Internal Revenue Service (IRS) may require a substantial portion of the Seller’s proceeds be 606 702 withheld after Closing when Seller is a foreign person. If required withholding does not occur, the Buyer could be held liable for the 607 703 amount of the Seller’s tax, interest and penalties. If the box in this Section is checked, Seller represents that Seller IS a foreign 608 704 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 609 705 person for purposes of U.S. income taxation. Xxxxxx agrees to cooperate with Buyer and Closing Company to provide any reasonably 610 706 requested documents to verify Seller’s foreign person status. If withholding is required, Seller authorizes Closing Company to 611 707 withhold such amount from Seller’s proceeds. Seller should inquire with Xxxxxx’s tax advisor to determine if withholding applies or 612 708 if an exemption exists.

FIRPTA. The Internal Revenue Service (IRS) may require a substantial portion of the Seller’s proceeds be 606 739 withheld after Closing when Seller is a foreign person. If required withholding does not occur, the Buyer could be held liable for the 607 740 amount of the Seller’s tax, interest and penalties. If the box in this Section is checked, Seller represents that Seller IS a foreign 608 741 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 609 742 person for purposes of U.S. income taxation. Xxxxxx agrees to cooperate with Buyer and Closing Company to provide any reasonably 610 743 requested documents to verify Seller’s foreign person status. If withholding is required, Seller authorizes Closing Company to 611 744 withhold such amount from Seller’s proceeds. Seller should inquire with Xxxxxx’s tax advisor to determine if withholding applies or 612 745 if an exemption exists.

FIRPTA. The Internal Revenue Service (IRS) may require a substantial portion of the Seller’s proceeds be 606 436 withheld after Closing when Seller is a foreign person. If required withholding does not occur, the Buyer could be held liable for 437 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 438 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 439 U.S. income taxation. Xxxxxx agrees to cooperate with Buyer and Closing Company to provide any reasonably 610 requested documents 440 to verify Seller’s foreign person status. If withholding is required, Seller authorizes Closing Company to 611 withhold such amount 441 from Seller’s proceeds. Seller should inquire with Xxxxxx’s tax advisor to determine if withholding applies or 612 if an exemption 442 exists.

FIRPTA. The Internal Revenue Service (IRS) may require a substantial portion of the Seller’s proceeds be 606 720 withheld after Closing when Seller is a foreign person. If required withholding does not occur, the Buyer could be held liable for the 607 721 amount of the Seller’s tax, interest and penalties. If the box in this Section is checked, Seller represents that Seller IS a foreign 608 722 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 609 723 person for purposes of U.S. income taxation. Xxxxxx agrees to cooperate with Buyer and Closing Company to provide any reasonably 610 724 requested documents to verify Seller’s foreign person status. If withholding is required, Seller authorizes Closing Company to 611 725 withhold such amount from Seller’s proceeds. Seller should inquire with Xxxxxx’s tax advisor to determine if withholding applies or 612 726 if an exemption exists.

FIRPTA. The Internal Revenue Service (IRS) may require a substantial portion of the Seller’s proceeds be 606 465 withheld after Closing when Seller is a foreign person. If required withholding does not occur, the Buyer could be held liable for 466 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 467 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 468 foreign 609 person for purposes of U.S. income taxation. Xxxxxx agrees to cooperate with Buyer and Closing Company to provide any 469 reasonably 610 requested documents to verify Seller’s foreign person status. If withholding is required, Seller authorizes Closing 470 Company to 611 withhold such amount from Seller’s proceeds. Seller should inquire with Xxxxxx’s tax advisor to determine if 471 withholding applies or 612 if an exemption exists.

FIRPTA. The Internal Revenue Service (IRS) may require a substantial portion of the Seller’s proceeds be 606 621 withheld after Closing when Seller is a foreign person. If required withholding does not occur, the Buyer could be held liable for the 607 622 amount of the Seller’s tax, interest and penalties. If the box in this Section is checked, Seller represents that Seller IS a foreign 608 623 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 609 624 person for purposes of U.S. income taxation. Xxxxxx Seller agrees to cooperate with Buyer and Closing Company to provide any reasonably 610 625 requested documents to verify Seller’s foreign person status. If withholding is required, Seller authorizes Closing Company to 611 626 withhold such amount from Seller’s proceeds. Seller should inquire with XxxxxxSeller’s tax advisor to determine if withholding applies or 612 627 if an exemption exists.

FIRPTA. The Internal Revenue Service (IRS) may require a substantial portion of the Seller’s proceeds be 606 621 withheld after Closing when Seller is a foreign person. If required withholding does not occur, the Buyer could be held liable for the 607 622 amount of the Seller’s tax, interest and penalties. If the box in this Section is checked, Seller represents that Seller IS a foreign 608 623 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 609 624 person for purposes of U.S. income taxation. Xxxxxx agrees to cooperate with Buyer and Closing Company to provide any reasonably 610 625 requested documents to verify Seller’s foreign person status. If withholding is required, Seller authorizes Closing Company to 611 626 withhold such amount from Seller’s proceeds. Seller should inquire with Xxxxxx’s tax advisor to determine if withholding applies or 612 627 if an exemption exists.

FIRPTA. The Internal Revenue Service (IRS) may require a substantial portion of the Seller’s proceeds be 606 680 withheld after Closing when Seller is a foreign person. If required withholding does not occur, the Buyer could be held liable for 681 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 682 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 683 foreign 609 person for purposes of U.S. income taxation. Xxxxxx agrees to cooperate with Buyer and Closing Company to provide any 684 reasonably 610 requested documents to verify Seller’s foreign person status. If withholding is required, Seller authorizes Closing 685 Company to 611 withhold such amount from Seller’s proceeds. Seller should inquire with Xxxxxx’s tax advisor to determine if 686 withholding applies or 612 if an exemption exists.

FIRPTA. The Internal Revenue Service (IRS) may require a substantial portion of the Seller’s proceeds be 606 622 withheld after Closing when Seller is a foreign person. If required withholding does not occur, the Buyer could be held liable for the 607 623 amount of the Seller’s tax, interest and penalties. If the box in this Section is checked, Seller represents that Seller IS a foreign 608 624 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 609 625 person for purposes of U.S. income taxation. Xxxxxx Seller agrees to cooperate with Buyer and Closing Company to provide any reasonably 610 626 requested documents to verify Seller’s foreign person status. If withholding is required, Seller authorizes Closing Company to 611 627 withhold such amount from Seller’s proceeds. Seller should inquire with XxxxxxSeller’s tax advisor to determine if withholding applies or 612 628 if an exemption exists.

FIRPTA. The Internal Revenue Service (IRS) may require a substantial portion of the Seller’s proceeds be 606 498 withheld after Closing when Seller is a foreign person. If required withholding does not occur, the Buyer could be held liable for 499 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 500 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 501 foreign 609 person for purposes of U.S. income taxation. Xxxxxx agrees to cooperate with Buyer and Closing Company to provide any 502 reasonably 610 requested documents to verify Seller’s foreign person status. If withholding is required, Seller authorizes Closing 503 Company to 611 withhold such amount from Seller’s proceeds. Seller should inquire with Xxxxxx’s tax advisor to determine if 504 withholding applies or 612 if an exemption exists.

FIRPTA. The Internal Revenue Service (IRS) may require a substantial portion of the Seller’s proceeds be 606 707 withheld after Closing when Seller is a foreign person. If required withholding does not occur, the Buyer could be held liable for the 607 708 amount of the Seller’s tax, interest and penalties. If the box in this Section is checked, Seller represents that Seller IS a foreign 608 709 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 609 710 person for purposes of U.S. income taxation. Xxxxxx agrees to cooperate with Buyer and Closing Company to provide any reasonably 610 711 requested documents to verify Seller’s foreign person status. If withholding is required, Seller authorizes Closing Company to 611 712 withhold such amount from Seller’s proceeds. Seller should inquire with Xxxxxx’s tax advisor to determine if withholding applies or 612 713 if an exemption exists.

FIRPTA. The Internal Revenue Service (IRS) may require a substantial portion of the Seller’s proceeds be 606 735 withheld after Closing when Seller is a foreign person. If required withholding does not occur, the Buyer could be held liable for the 607 736 amount of the Seller’s tax, interest and penalties. If the box in this Section is checked, Seller represents that Seller IS a foreign 608 737 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 609 738 person for purposes of U.S. income taxation. Xxxxxx agrees to cooperate with Buyer and Closing Company to provide any reasonably 610 739 requested documents to verify Seller’s foreign person status. If withholding is required, Seller authorizes Closing Company to 611 740 withhold such amount from Seller’s proceeds. Seller should inquire with Xxxxxx’s tax advisor to determine if withholding applies or 612 741 if an exemption exists.