Common use of Limitation on Benefits Clause in Contracts

Limitation on Benefits. 1. Except as otherwise provided in this Article, a resident of a Contracting State that derives income, profits or gains from the other Contracting State shall be entitled to all the benefits of this Convention otherwise accorded to residents of a Contracting State only if such resident is a “qualified person” as defined in paragraph 2 of this Article and satisfies any other specified conditions for the obtaining of such benefits.

Appears in 6 contracts

Samples: qi-toolkit.swissbanking.org, www.treasury.gov, www.legislation.gov.uk

AutoNDA by SimpleDocs

Limitation on Benefits. 1. Except as otherwise provided in this Article, a resident of a one of the Contracting State States that derives income, profits or gains income from the other Contracting State shall be entitled entitled, in that other Contracting State, to all the benefits of this Convention otherwise accorded to residents of a Contracting State only if such resident is a "qualified person" as defined in paragraph 2 of this Article and satisfies any other conditions specified conditions in the Convention for the obtaining of such benefits.

Appears in 6 contracts

Samples: www.swissbanking.ch, qi-toolkit.swissbanking.org, www.swissbanking.ch

Limitation on Benefits. 1. Except as otherwise provided in this Article, a A resident of a Contracting State that derives income, profits or gains from the other Contracting State shall be entitled to all the benefits of this Convention otherwise accorded to residents of a Contracting State only if such resident it is a "qualified person” resident" as defined in paragraph 2 of this Article and satisfies any other specified conditions for the obtaining of such benefitsArticle.

Appears in 4 contracts

Samples: home.treasury.gov, home.treasury.gov, www.emta.ee

Limitation on Benefits. 1. Except as otherwise provided in this Article, a A resident of a Contracting State that derives income, profits or gains from the other Contracting State shall be entitled to all the benefits of this Convention otherwise accorded to residents of a Contracting State only if such resident is a “qualified person” as defined in paragraph 2 of this Article and satisfies any other specified conditions for the obtaining of such benefits.person is:

Appears in 3 contracts

Samples: www.unclefed.com, www.swissbanking.ch, www.irs.gov

Limitation on Benefits. 1. Except as otherwise provided in this Article, a resident of a one of the Contracting State States that derives income, profits or gains income from the other Contracting State shall be entitled entitled, in that other Contracting State, to all the benefits of this Convention otherwise accorded to residents of a Contracting State only if such resident is a “qualified person” as defined in paragraph 2 of this Article and satisfies any other conditions specified conditions in the Convention for the obtaining of such benefits.

Appears in 2 contracts

Samples: www.treasury.gov, home.treasury.gov

Limitation on Benefits. 1. Except as otherwise provided in this Article, a A resident of a Contracting State that derives income, profits or gains from the other Contracting State shall be entitled to all the benefits of this Convention otherwise accorded only if it is a "qualified resident" as defined in this Article. A person that is not a qualified resident may be entitled to residents benefits of this Convention with respect to certain items of income under paragraphs 3, 4 and 6. 2. A resident of a Contracting State only if such resident is a qualified person” as defined in paragraph 2 of this Article and satisfies any other specified conditions resident for the obtaining of such benefits.a taxable year only if:

Appears in 2 contracts

Samples: qi-toolkit.swissbanking.org, www.swissbanking.ch

Limitation on Benefits. 1. ) Except as otherwise provided in this Article, a resident of a Contracting State that derives income, profits or gains income from the other Contracting State shall be entitled to all the benefits of this Convention otherwise accorded to residents of a Contracting State only if such resident is a "qualified person" as defined in paragraph 2 of this Article and satisfies any other specified conditions for the obtaining of such benefitsArticle.

Appears in 1 contract

Samples: qi-toolkit.swissbanking.org

AutoNDA by SimpleDocs

Limitation on Benefits. 1. Except as otherwise provided in this Article, a ) A resident of a Contracting State that derives income, profits or gains from the other Contracting State shall be entitled to all the benefits of this Convention otherwise accorded to residents of a Contracting State by this Convention only if such resident is a “qualified person” as defined to the extent provided in paragraph 2 of this Article and satisfies any other specified conditions for the obtaining of such benefitsArticle.

Appears in 1 contract

Samples: qi-toolkit.swissbanking.org

Limitation on Benefits. 1. Except as otherwise provided in this Article, a resident of a Contracting State that derives income, profits or gains income from the other Contracting State shall not be entitled to all the benefits of this Convention otherwise accorded to residents of a Contracting State only if unless such resident is a "qualified person" as defined in paragraph 2 of this Article and satisfies any other specified conditions for the obtaining of such benefits2.

Appears in 1 contract

Samples: home.treasury.gov

Limitation on Benefits. 1. ) Except as otherwise provided in this Article, a resident of a Contracting State that derives income, profits or gains from the other Contracting State shall be entitled to all the benefits of this Convention otherwise accorded to residents of a Contracting State only if such resident is a “qualified person” as defined in paragraph 2 of this Article and satisfies any other specified conditions for the obtaining of such benefits.

Appears in 1 contract

Samples: www.ruffer.co.uk

Limitation on Benefits. 1. Except as otherwise provided in this Article, a A resident of a Contracting State that derives income, profits or gains from the other Contracting State shall be entitled to all the benefits of this Convention otherwise accorded to residents of a Contracting State only if such resident it is a “qualified personresident” as defined in paragraph 2 this Article. A person that is not a qualified resident may be entitled to benefits of this Article Convention with respect to certain items of income under paragraphs 3, 4 and satisfies any other specified conditions for the obtaining of such benefits6.

Appears in 1 contract

Samples: United States Agreement

Time is Money Join Law Insider Premium to draft better contracts faster.