Foreign Partners Sample Clauses

Foreign Partners. If the Joint Venture withholds any income tax with respect to any foreign Partner pursuant to Sections 1441, 1442, 1445 or 1446 of the Code, the Joint Venture will, at its option, either (x) require the foreign Partner to repay such amount to the Joint Venture within 45 days thereafter; or (y) offset any distributions otherwise payable to the foreign Partner by the amount of such payments.
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Foreign Partners. (a) Notwithstanding anything to the contrary contained herein, the General Partner, on behalf of the Partnership, shall use its best efforts to conduct the affairs of the Partnership in a manner that, under laws, regulations, administrative interpretations and judicial decisions in effect from time to time, does not cause any Limited Partner (or a partner of a Limited Partner) that is not a "United States person" (as that term is defined in Section 7701 of the Code) (such Limited Partner being herein referred to as a "Foreign Partner") to recognize net income effectively connected with the "conduct of a trade or business within the United States" for purposes of Sections 871 and 881 of the Code. (b) The General Partner shall provide notice to each Foreign Partner as soon as the General Partner shall become aware of any investment or other activity of the Partnership that is reasonably likely to result in the Foreign Partner being deemed to be engaged in the "conduct of a trade or business within the United States" for purposes of Sections 871, 872, 875, 881, 882, 884 and 1446 of the Code as a result of the activities or investments of the Partnership. Unless otherwise advised by the Partnership's tax advisors, the General Partner shall cause the Partnership to file tax returns and information returns with the United States Internal Revenue Service and state and local tax authorities on the basis that the Partnership is not engaged in a trade or business for purposes of Section 875 of the Code. (c) Notwithstanding anything to the contrary contained herein, the Partnership shall not directly acquire any interest in real property located in the United States for purposes of Section 897 of the Code or in a company that is at the time of such investment a "United States real property holding corporation" (as that term is defined in Section 897(c) of the Code).
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Foreign Partners. In the event the Partnership is required to withhold taxes with respect to the Net Profits of a Partner who is a foreign person or entity, the General Partners may require an additional Capital Contribution (without adjustment to Exhibit A) of such Partner in the amount of the required withholding amount.
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Foreign Partners. 71 Section 14.1 Certification of Non-Foreign Status........................71 Section 14.2 Withholding of Certain Amounts Attributable to Interests of Foreign Partners........................................72 ARTICLE 15 MISCELLANEOUS...................................................72 Section 15.1 Law Governing..............................................72 Section 15.2
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Foreign Partners 
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Related to Foreign Partners

  • Foreign Person Seller is not a “foreign person” as defined in Section 1445 of the Internal Revenue Code of 1986, as amended, and the Income Tax Regulations thereunder.

  • Non-Foreign Person Seller is not a “foreign person” as defined in Section 1445 of the Internal Revenue Code, as amended (the “Code”).

  • Foreign Investors If Subscriber is not a United States person (as defined by Section 7701(a)(30) of the Internal Revenue Code of 1986, as amended), Subscriber hereby represents that it has satisfied itself as to the full observance of the laws of its jurisdiction in connection with any invitation to subscribe for the Securities or any use of this Subscription Agreement, including (i) the legal requirements within its jurisdiction for the purchase of the Securities, (ii) any foreign exchange restrictions applicable to such purchase, (iii) any governmental or other consents that may need to be obtained, and (iv) the income tax and other tax consequences, if any, that may be relevant to the purchase, holding, redemption, sale, or transfer of the Securities. Subscriber’s subscription and payment for and continued beneficial ownership of the Securities will not violate any applicable securities or other laws of the Subscriber’s jurisdiction.

  • No Foreign Person Borrower is not a "foreign person" within the meaning of Section 1445(f)(3) of the Internal Revenue Code of 1986, as amended and the related Treasury Department regulations, including temporary regulations.

  • Not a Foreign Person Borrower is not a “foreign person” within the meaning of §1445(f)(3) of the Code.

  • Not Foreign Person Borrower is not a “foreign person” within the meaning of §1445(f)(3) of the Code.

  • Domestic Partners For contracts of $100,000 or more, Contractor certifies that Contractor is in compliance with Public Contract Code section 10295.

  • Investment Company; Public Utility Holding Company Neither the Company nor any Subsidiary is an "investment company" or a company "controlled" by an "investment company" within the meaning of the Investment Company Act of 1940, as amended, or a "public utility holding company" within the meaning of the Public Utility Holding Company Act of 1935, as amended.

  • Real Property Holding Company The Company is not a real property holding company within the meaning of Section 897 of the Code.

  • No State-Law Partnership The Members intend that the Company not be a partnership (including a limited partnership) or joint venture, and that no Member be a partner or joint venturer of any other Member, for any purposes other than federal and state tax purposes, and this Agreement may not be construed to suggest otherwise.

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