INCOME OF GOVERNMENT AND INSTITUTIONS Sample Clauses

INCOME OF GOVERNMENT AND INSTITUTIONS. 1. The Government of one of the Contracting States shall be exempt from tax in the other Contracting State in respect of any income derived by such Government from that other Contracting State. 2. For the purposes of paragraph 1 of this Article, the term "Government": (a) in the case of India, means the Government of India and shall include: (i) the Government of the States and the Union territories of India; (ii) the Reserve Bank of India; (iii) any such institution or body as may be agreed from time to time between the two Contracting States; (b) in the case of Singapore, means the Government of Singapore and shall include; (i) the Monetary Authority of Singapore; (ii) the Board of Commissioners of Currency; (iii) any such institution or body as may be agreed from time to time between the two Contracting States.
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INCOME OF GOVERNMENT AND INSTITUTIONS. 1. Notwithstanding the provisions of Articles 10 and 11, dividends paid by a company that is a resident of a Contracting State, and interest that arises in that State and that is paid by a company that is a resident of that State, to a resident of the other Contracting State that is referred to in paragraph 3 of article 4 and that is the beneficial owner of the dividends or interest, as the case may be, shall be taxable only in the other Contracting State provided that: a) the recipient, together with all other residents of the other Contracting State that are referred to in paragraph 3 of Article 4, neither own nor control shares of the company representing more than twenty five per cent of the value of all of its issued and outstanding shares nor control directly or indirectly in any manner whatever more than twenty five per cent of the votes in respect of the shares of the company; and b) the recipient has not received the dividends or interest, as the case may be, in the course of carrying on an industrial or commercial activity. 2. Notwithstanding the provisions of Article 14, gains derived by a resident of a Contracting State that is referred to in paragraph 3 of Article 4 from the alienation of shares or debt-claims, the dividends or interest from which would be exempt from taxation in the other Contracting State, shall be taxable only in the first-mentioned Contracting State.
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INCOME OF GOVERNMENT AND INSTITUTIONS. 1[1. Notwithstanding the provisions of Article 13, the Government of one Contracting State shall be exempt from tax, including capital gains tax, in the other Contracting State in respect of any income derived by such Government from that other Contracting State.]
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INCOME OF GOVERNMENT AND INSTITUTIONS. Notwithstanding any other provisions of this Agreement except Article 3, any income derived by the federal or the local Governments and their financial institutions of one of the Contracting States shall be exempt from tax in the other Contracting State in respect of dividends, interest or capital gains and income derived from immovable property derived by such federal or local Government.
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INCOME OF GOVERNMENT AND INSTITUTIONS. 1. The Government of one of the Contracting States shall be exempt from tax in the other Contracting State in respect of any income derived by such Government from that other Contracting State. 2. For the purposes of paragraph (1) of this Article, the term 'Government'— (a) in the case of India means the Government of India and shall include— (i ) the Governments of the States and the Union Territories of India; (ii ) the Reserve Bank of India; (iii ) any such institution or body as may be agreed from time to time between the two Contracting States, (b) in the case of Bangladesh means the Government of the People's Republic of Bangladesh and shall include— (i ) the Bangladesh Bank; (ii ) any such institution or body as may be agreed from time to time between the two Contracting States.
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INCOME OF GOVERNMENT AND INSTITUTIONS. 1. The Government of one of the Contracting States shall be exempt from tax in the other Contracting State in respect of any income derived by such Government from that other Contracting State. 2. For the purposes of paragraph 1 of this Article, the term "Government"-- a. In the case of India, means the Government of India, and shall include: i. the political sub-divisions, the local authorities, the local administrations,and the local Governments; ii. the Reserve Bank of India; iii. any such institution or body as may be agreed from time to time between the two Contracting States; b. In the case of U.A.E., means the Government of the United Arab Emirates, and shall include; i. the political sub-divisions, the local authorities, the local administrations and the local Governments; ii. the Central Bank of the United Arab Emirates, Abu Dhabi Investment Authority and Abu Dhabi Fund for Economic Development; iii. any such institution or body as may be agreed from time to time between the two Contracting States.
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INCOME OF GOVERNMENT AND INSTITUTIONS. The Federal or the Local Governments and their financial institutions of either Contracting States shall be exempt from tax in the other Contracting State in respect of any income or capital gains derived by such federal or Local Government from that other Contracting State except income from hydrocarbon as stated in Article 22. For the purpose of paragraph 1 of this Article, the entities listed below qualify for the exemptions from tax on income and gains derived from dividends, interest, royalties and capital gains: In the case of the United Arab Emirates: Central Bank of the United Arab Emirates; Abu Dhabi Investment Authority; Abu Dhabi Investment Council; Emirates Investment Authority; Mubadala Investment Company; Mubadala Development Company and its successors and assigns; International Petroleum Investment Company (IPIC) and its successors and assigns; Investment Corporation of Dubai; the Abu Dhabi Retirement Pensions and Benefits Fund; the General Pension and Social Security Authority; and any other entity the capital of which is directly or indirectly wholly owned by the federal or local Governments of the United Arab Emirates, including a political subdivision and local authority thereof through notifications by the competent authorities through diplomatic channels.
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INCOME OF GOVERNMENT AND INSTITUTIONS. 1. The Government of one of the Contracting States shall be exempt from tax in the other Contracting State in respect of any income derived by such Government from that other Contracting State. 2. For the purposes of paragraph 1 of this Article, the term “Government”-- (a) in the case of Sri Lanka, means the Government of Sri Lanka, and shall include:
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Related to INCOME OF GOVERNMENT AND INSTITUTIONS

  • LOAN OF GOVERNMENT PROPERTY The parties shall enter into a NASA Form 893, Loan of NASA Equipment, for NASA equipment loaned to Partner.

  • Level of Government Regional

  • Performance of Government Functions Nothing contained in this contract shall be deemed or construed so as to in any way estop, limit, or impair the City from exercising or performing any regulatory, policing, legislative, governmental, or other powers or functions.

  • Authorization of Governmental Authorities No action by (including any authorization, consent or approval), in respect of, or filing with, any governmental authority or regulatory body is required for, or in connection with, the valid and lawful authorization, execution, delivery and performance by it of this Agreement, subject to, in the case of the Debtors, the entry by the Bankruptcy Court of the Approval Order.

  • Securities and Deposits The Secured Party may at any time following and during the continuance of a payment default or an Event of Default, at its option, transfer to itself or any nominee any securities constituting Collateral, receive any income thereon and hold such income as additional Collateral or apply it to the Obligations. Whether or not any Obligations are due, the Secured Party may, following and during the continuance of a payment default or an Event of Default demand, sue for, collect, or make any settlement or compromise which it deems desirable with respect to the Collateral. Regardless of the adequacy of Collateral or any other security for the Obligations, any deposits or other sums at any time credited by or due from the Secured Party to the Company may at any time be applied to or set off against any of the Obligations then due and owing.

  • Notification of Government Investigation or Legal Proceeding Provider shall notify OIG, in writing, of any ongoing investigation or legal proceeding by a governmental entity or its agents involving an allegation that Provider has committed a crime or has engaged in fraudulent activities, within 30 days of Provider receiving notice of such investigation or legal proceeding. This notification shall include a description of the allegation(s), the identity of the investigating or prosecuting agency, and the status of such investigation or legal proceeding. Within 30 days after resolution of the matter, Provider shall notify OIG, in writing, of the resolution of the investigation or legal proceeding.

  • Controlled Government Data The Disclosing Party's Controlled Government Data, if any, will be identified in a separate technical document.

  • United States Government Obligations The Employee acknowledges that the Company from time to time may have agreements with other persons or with the United States Government, or agencies thereof, which impose obligations or restrictions on the Company regarding inventions made during the course of work under such agreements or regarding the confidential nature of such work. The Employee agrees to be bound by all such obligations and restrictions which are made known to the Employee and to take all action necessary to discharge the obligations of the Company under such agreements.

  • Deposited Money and Government Obligations to Be Held in Trust Subject to the provisions of the last paragraph of Section 9.3, all money and Government Obligations (or other property as may be provided pursuant to Section 3.1) (including the proceeds thereof) deposited with the Trustee pursuant to Section 4.6 in respect of any Securities of any series and any coupons appertaining thereto shall be held in trust and applied by the Trustee, in accordance with the provisions of such Securities and any coupons appertaining thereto and this Indenture, to the payment, either directly or through any Paying Agent (including the Company acting as its own Paying Agent) as the Trustee may determine, to the Holders of such Securities and any coupons appertaining thereto of all sums due and to become due thereon in respect of principal, premium, if any, and interest, if any, but such money need not be segregated from other funds except to the extent required by law. Unless otherwise specified with respect to any Security pursuant to Section 3.1, if, after a deposit referred to in Section 4.6(a) has been made, (i) the Holder of a Security in respect of which such deposit was made is entitled to, and does, elect pursuant to Section 3.11(b) or the terms of such Security to receive payment in a currency or currency unit other than that in which the deposit pursuant to Section 4.6(a) has been made in respect of such Security, or (ii) a Conversion Event occurs as contemplated in Section 3.11(d) or 3.11(e) or by the terms of any Security in respect of which the deposit pursuant to Section 4.6(a) has been made, the indebtedness represented by such Security and any coupons appertaining thereto shall be deemed to have been, and will be, fully discharged and satisfied through the payment of the principal of, premium, if any, and interest, if any, on such Security as the same becomes due out of the proceeds yielded by converting (from time to time as specified below in the case of any such election) the amount or other property deposited in respect of such Security into the currency or currency unit in which such Security becomes payable as a result of such election or Conversion Event based on the applicable Market Exchange Rate for such currency or currency unit in effect on the second Business Day prior to each payment date, except, with respect to a Conversion Event, for such currency or currency unit in effect (as nearly as feasible) at the time of the Conversion Event.

  • No Government Obligors None of the Receivables is due from the United States or any state or local government, or from any agency, department or instrumentality of the United States or any state or local government.

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