Common use of Payee Representation Clause in Contracts

Payee Representation. For the purpose of Section 3(f) of the Agreement, Dealer makes the following representation(s) to Counterparty: Dealer is a national banking association organized and existing under the laws of the United States of America, is an exempt recipient under Treasury Regulation Section 1.6049-4(c)(1)(ii) and is a U.S. person (as that term is used in section 1.1441-4(a)(3)(ii) of United States Treasury Regulations) for U.S. federal income tax purposes.

Payee Representation. For the purpose of Section 3(f) of the Agreement, Dealer makes the following representation(s) to Counterparty: Dealer : (A) Each payment received or to be received by it in connection with the Agreement is effectively connected with its conduct of a trade or business within the United States; and (B) It is a national banking association organized and existing under the laws of the United States of America, is an exempt recipient under Treasury Regulation Section 1.6049-4(c)(1)(ii) and is a U.S. person “foreign person” (as that term is used in section 1.1441Section 1.6041-4(a)(3)(ii4(a)(4) of the United States Treasury Regulations) for U.S. United States federal income tax purposes.

Payee Representation. For the purpose of Section 3(f) of the Agreement, Dealer makes the following representation(s) to Counterparty: Dealer is a national banking association organized and existing or formed under the laws of the United States of America, is an exempt recipient under Treasury Regulation Section 1.6049-4(c)(1)(ii) America and is a U.S. person (as that term is used defined in section 1.1441-4(a)(3)(iiSection 7701(a)(30) of the United States Treasury Regulations) for U.S. federal income tax purposesInternal Revenue Code of 1986, as amended).