Common use of Foreign Ownership Clause in Contracts

Foreign Ownership. No Borrower is or will be, and no legal or beneficial interest of an Affiliate of any Borrower is or will be held, directly or indirectly, by a "foreign corporation", "foreign partnership", "foreign trust", "foreign estate", "foreign person", "affiliate" of a "foreign person" or a "United States intermediary" of a "foreign person" within the meaning of Sections 897 and 1445 of the Internal Revenue Code of 1986, as amended ("IRC"), the Foreign Investments in Real Property Tax Act of 1980, the International Foreign Investment Survey Act of 1976, the Agricultural Foreign Investment Disclosure Act of 1978, or the regulations promulgated pursuant to such Acts set forth above in this Section 5.13 or any amendments to such Acts.

Appears in 1 contract

Samples: Loan Agreement (Omega Healthcare Investors Inc)

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Foreign Ownership. No None of Borrower, Borrower Sole Member, or Principal is or will be, and no legal or beneficial interest of an Affiliate a member of any Borrower is or will be held, directly or indirectly, by a "foreign corporation", "foreign partnership", "foreign trust", "foreign estate", "foreign person", "affiliate" of a "foreign person" or a "United States intermediary" of a "foreign person" within the meaning of IRC Sections 897 and 1445 of the Internal Revenue Code of 1986, as amended ("IRC")1445, the Foreign Investments in Real Property Tax Act of 1980, the International Foreign Investment Survey Act of 1976, the Agricultural Foreign Investment Disclosure Act of 1978, or the regulations promulgated pursuant to such Acts set forth above in this Section 5.13 or any amendments to such Acts.

Appears in 1 contract

Samples: Loan Agreement (Grubb & Ellis Healthcare REIT II, Inc.)

Foreign Ownership. No Neither Borrower nor any partner in Borrower nor any Principal is or will be, and no legal or beneficial interest of an Affiliate of any a partner in Borrower is or will be held, directly or indirectly, by a "foreign corporation", "foreign partnership", "foreign trust", "foreign estate", "foreign person", "affiliate" of a "foreign person" or a "United States intermediary" of a "foreign person" within the meaning of IRC Sections 897 and 1445 of the Internal Revenue Code of 1986, as amended ("IRC")1445, the Foreign Investments in Real Property Tax Act of 1980, the International Foreign Investment Survey Act of 1976, the Agricultural Foreign Investment Disclosure Act of 1978, or the regulations promulgated pursuant to such Acts set forth above in this Section 5.13 or any amendments to such Acts.

Appears in 1 contract

Samples: Loan Agreement (CNL Retirement Properties Inc)

Foreign Ownership. No Borrower nor any member or partner in any Borrower is or will be, and no legal or beneficial interest of an Affiliate of a member or partner in any Borrower is or will be held, directly or indirectly, by a "foreign corporation", "foreign partnership", "foreign trust", "foreign estate", "foreign person", "affiliate" of a "foreign person" or a "United States intermediary" of a "foreign person" within the meaning of Internal Revenue Code Sections 897 and 1445 of the Internal Revenue Code of 1986, as amended ("IRC")1445, the Foreign Investments in Real Property Tax Act of 1980, the International Foreign Investment Survey Act of 1976, the Agricultural Foreign Investment Disclosure Act of 1978, or the regulations promulgated pursuant to such Acts set forth above in this Section 5.13 or any amendments to such Acts.

Appears in 1 contract

Samples: Credit Agreement (Behringer Harvard Opportunity REIT I, Inc.)

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Foreign Ownership. No Borrower is or will be, and no legal or beneficial interest of an Affiliate of any Borrower is or will be held, directly or indirectly, by a "foreign corporation", "foreign partnership", "foreign trust", "foreign estate", "foreign person", "affiliate" of a "foreign person" or a "United States intermediary" of a "foreign person" within the meaning of Sections 897 and 1445 of the Internal Revenue Code of 1986, as amended ("IRC"), the Foreign Investments in Real Property Tax Act of 1980, the International Foreign Investment Survey Act of 1976, the Agricultural Foreign Investment Disclosure Act of 1978, or the regulations promulgated pursuant to such Acts set forth above in this Section 5.13 4.14 or any amendments to such Acts.

Appears in 1 contract

Samples: Loan Agreement (Omega Healthcare Investors Inc)

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