Investment Entity Wholly Owned by Exempt Beneficial Owners. An Entity that is an Australian Financial Institution solely because it is an Investment Entity, provided that each direct holder of an Equity Interest in the Entity is an exempt beneficial owner, and each direct holder of a debt interest in such Entity is either a Depository Institution (with respect to a loan made to such Entity) or an exempt beneficial owner.
Appears in 2 contracts
Samples: International Tax Compliance Agreement, International Tax Compliance Agreement
Investment Entity Wholly Owned by Exempt Beneficial Owners. 1. An Entity that is an Australian a Canadian Financial Institution solely because it is an Investment Entity, provided that each direct holder of an Equity Interest in the Entity is an exempt beneficial owner, and each direct holder of a debt interest in such Entity is either a Depository Institution (with respect to a loan made to such Entity) or an exempt beneficial owner.
Appears in 2 contracts
Samples: Agreement Between the Government of Canada and the Government of the United States of America to Improve International Tax Compliance, Agreement to Improve International Tax Compliance
Investment Entity Wholly Owned by Exempt Beneficial Owners. An Entity that is an Australian a Saint Kitts and Nevis Financial Institution solely because it is an Investment Entity, provided that each direct holder of an Equity Interest in the Entity is an exempt beneficial owner, and each direct holder of a debt interest in such Entity is either a Depository Institution (with respect to a loan made to such Entity) or an exempt beneficial owner.
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