No Foreign Status Sample Clauses
The No Foreign Status clause establishes that a party to the agreement affirms it is not a foreign entity or person under applicable laws. In practice, this means the party must confirm it is organized, registered, and operating within the relevant jurisdiction, such as being a domestic corporation or resident individual, and not subject to foreign ownership or control. This clause is primarily used to ensure compliance with legal, regulatory, or tax requirements, and to prevent complications that may arise from cross-border transactions or foreign involvement.
No Foreign Status. Seller shall deliver to Buyer at closing a certificate certifying that the transactions contemplated hereby are exempt from withholding under Section 1445 of the Code.
No Foreign Status. Seller is not a “foreign person” within the meaning of Section 1445 of the Internal Revenue Code of 1986, as amended.
No Foreign Status. None of Buyer, Buyer Parent or any Affiliate of Buyer or Buyer Parent or any intended transferee or assignee from Buyer or Buyer Parent of the Business, the Acquired Companies or rights hereunder is a “foreign person” and no aspect of Buyer’s organization, structure, ownership, financing, operation or otherwise is capable of causing the Contemplated Transactions to be deemed a “covered transaction” as that term is defined in FINSA, and this Agreement does not trigger a voluntary notification to the Committee on Foreign Investments in the United States. For purposes of the foregoing, a “foreign person” is any foreign national (i.e., an individual who is not a U.S. national), foreign government, or foreign Person, or any Person over which control is exercised or exercisable by a foreign national, foreign government, or any other foreign Person.
No Foreign Status. None of the Company, TPHGreenwich Holdings, TPH 470, any Intermediate Entity (as hereinafter defined) or Property Owner is a “foreign person” within the meaning of the Internal Revenue Code of 1986, as amended (the “Code”).