Foreign Investments. DIVERSIFICATION The diversification guidelines to be followed by international and global FUNDS are as follows:
Foreign Investments. Investments may be made with each such investment or deposit being substantially of the same kind, class and quality of like United States Investments and deposits authorized by any of the preceding paragraphs, on the following conditions:
(a) Investments may be made in the preferred or common stock of any business entity created or existing under Canadian or provincial law or in the stock of business entities organized in alien jurisdictions, provided, however, that the stock of alien business entities is listed and traded on a national securities exchange in the U.S.;
(b) All Canadian and foreign investments shall comply with the investment limitations, restrictions and requirements of the Investment Guidelines applicable to like U.S. investments;
(c) Investments made pursuant to this paragraph that are not denominated in U.S. dollars shall not be made for more than the sum of (i) the New York Ceding Company’s liabilities as respect this New York Reinsurance Agreement denominated in that currency and (ii) 10% of Trust Assets, provided that such investments under this clause (c)(ii) are appropriately hedged against the foreign currency risk. Investments under this paragraph (7) may be made only to the extent permitted by the applicable Insurance Code and regulations.
(d) Investments qualified pursuant to this paragraph shall be aggregated with United States Investments of the same class in determining compliance with percentage limitations, if any, contained in other provisions of these guidelines which are applicable. In addition, Investments shall not be made or deposited in any one issuer under this paragraph in an amount more than authorized for Investments of the same class under other provisions of these guidelines.
(e) To the extent that the New York Ceding Company’s liabilities as respect this New York Reinsurance Agreement are denominated in a foreign currency, such foreign currency risk shall be appropriately hedged by investments denominated in such currency or otherwise. The appropriateness of the xxxxxx in subparagraphs (c) and
Foreign Investments. In Real Property Tax Act (FIRPTA). Pursuant to the Internal Revenue Code 11 Section 1441, the deduction of a withholding tax on all fixed or determinable gross income shall be required of 12 any non-resident alien individual, fiduciary, foreign partnership or foreign corporation unless exempt under 13 provisions provided under said IRS Section. If Owner is a non-resident alien individual, fiduciary, foreign 14 partnership or foreign corporation, Broker will require a written statement pursuant to the controlling IRS Code 15 Section.
Foreign Investments. Notwithstanding anything to the contrary contained herein (including this Article), neither the Borrower nor any Restricted Subsidiary (other than a Foreign Subsidiary) shall make any Investment in any Foreign Subsidiary unless the Borrower shall have taken all actions required by Section 6.12 with respect thereto; provided, that the aggregate amount of Investments made by the Borrower and/or Restricted Subsidiaries (other than a Foreign Subsidiary) in Foreign Subsidiaries after the Closing Date shall not exceed $50,000,000.
Foreign Investments. Seller is not a “foreign person” within the meaning of Section 1445 of the Code.
Foreign Investments. Where applicable, and to the extent permitted by the applicable regulations, Courtneycap may purchase and sell and enter into any transaction in investments that are listed or traded primarily outside the RSA (‘Foreign Investments’). In undertaking transactions in foreign investments, the client is acknowledges that the conversion of South African Rands to foreign currency is subject to any conditions imposed by the South African Reserve Bank (‘Exchange Control’); receipt the investment amount; approval of the application by Xxxxxxxxxxx and/or the relevant investment manager or administrator or delegates, who may decline the application at their discretion. The client indemnifies and holds harmless Courtneycap in the event that his application is denied or cancelled, and against any claim for loss or damage sustained as a result thereof, including any interest or exchange rate fluctuation. Any transaction in foreign investments may be passed to overseas branches or companies of Courtneycap for execution, or any other intermediate broker, investment manager or administrator selected at Xxxxxxxxxxx’s discretion. Orders or any other transaction in foreign investments will be subject to the terms and conditions of the intermediate broker, investment manager or administrator selected by Courtneycap and the applicable regulations. Xxxxxxxxxxx shall submit to or may recoup from the client, any applicable administration fees, charges or management fees charged by the investment manager or administrator party for the management of the client’s foreign investments. The client agrees to be bound by and shall act in accordance with the rules of any foreign investment, including any rules relative to the redemption thereof. The client also agrees not to cede, assign, make over or transfer any obligations thereof without Xxxxxxxxxxx’s prior written consent. A transaction in foreign investments can involve significant risk. Any foreign investments referred to herein may be illiquid and may not be suitable for all investors. The value of, or income from, any foreign investments may fluctuate and/or be affected by changes in exchange rates. Only investors with sufficient knowledge and experience in financial and business matters to evaluate the relevant merits and risks should consider transacting in foreign investments. By signing this agreement, the client acknowledges that he has been informed of the risks inherent in foreign investments and accepts that such risk may r...
Foreign Investments. 4 4.7 Failure of Conditions ............................5 4.8 Lease ............................................5 5. CONDITIONS TO SELLER'S OBLIGATION TO SELL .............5 5.1
Foreign Investments. Xxxxx’s receipt of the affidavit, certification, or notice required by Section 1445 of the Internal Revenue Code of 1986, as amended and the Regulations pursuant thereto, in a form sufficient to relieve Buyer of any potential transferee withholding liability under such Section. If Seller fails to deliver such affidavit, certification, or notice to Buyer prior to or at the Closing, or Buyer has knowledge or receives notice of the falsity of such document, then the transactions shall be completed at the Closing, but Buyer shall withhold ten percent (10%) of the “amount realized” (as set forth in the Regulations) by Seller and transmit it to the Internal Revenue Service Center, Philadelphia, PA 19255, all in accordance with Section 1445 and the Regulations pursuant thereto.
Foreign Investments. 11.1. Where applicable, and to the extent permitted by the applicable regulations, AAR may purchase and sell and enter into any transaction in Investments that are listed or traded primarily outside the Republic of Rwanda (“Foreign Investments”).
11.2. Orders or any other transaction in Foreign Investments may be passed to overseas branches or associate companies of AAR for execution, or any other intermediate broker, investment manager or administrator (selected at AAR’s discretion). Orders or any other transaction in Foreign Investments will be subject to the terms and conditions of the intermediate broker, investment manager or administrator selected by AAR and to the applicable regulations.
11.3. We shall submit to you for payment, or may recoup from you, any administration fees, charge or management fees charged by the investment manager or administrator party for the management of your Foreign Investments.
11.4. Where applicable, you agree to be bound by and shall act in accordance with the rules of any Foreign Investment, including any rules relative to the redemption thereof. You also agree not to cede, assign, make over or transfer any obligations in relation thereto without AAR’s prior written consent.
11.5. A transaction in a Foreign Investment can involve significant risk. Any Foreign Investments referred to herein may be illiquid and may not be suitable for all investors. The value of, or income from, any Foreign Investments may fluctuate and/or be affected by changes in exchange rates. Only investors with sufficient knowledge and experience in financial and business matters to evaluate the relevant merits and risks should consider transacting in Foreign Investments. By your signature hereto, you acknowledge that you have been informed of the risks inherent in Foreign Investments and, where appropriate, have been handed copies of any specific risk disclosure documents published from time to time. In addition, you accept that such risk may result in financial loss to you.
Foreign Investments. As of the Reporting Date, the aggregate outstanding amount of Borrower’s Investments in Foreign Subsidiaries was $_________________ which ¨ satisfies ¨ does not satisfy the requirement that such Investments not exceed (A) $135,000,000 from October 31, 2014 through April 29, 2015; (B) $125,000,000 from April 30, 2015 through July 30, 2015; (C) $120,000,000 from July 31, 2015 through October 30, 2015; and (D) $110,000,000 from and after October 31, 2015.
