Withholding; Non-Foreign Status. The Contributor is not subject to any federal or state withholding provisions in connection with the transactions contemplated hereby, including withholding of sales proceeds to foreign persons. The Contributor is a United States person (as defined in Section 7701(a)(30) of the Code), and is, therefore, not subject to the provisions of the Code relating to the withholding of sales proceeds to foreign persons, and is not subject to any state withholding requirements.
Appears in 26 contracts
Samples: Contribution Agreement (Campus Crest Communities, Inc.), Contribution Agreement (Campus Crest Communities, Inc.), Contribution Agreement (Campus Crest Communities, Inc.)
Withholding; Non-Foreign Status. The Contributor is not subject to any federal or state withholding provisions in connection with the transactions contemplated herebyFormation Transaction, including withholding of sales proceeds to foreign persons. The Contributor is a United States person (as defined in Section 7701(a)(30) of the Code), and is, therefore, not subject to the provisions of the Code relating to the withholding of sales proceeds to foreign persons, and is not subject to any state withholding requirements.
Appears in 8 contracts
Samples: Purchase and Sale Agreement (Campus Crest Communities, Inc.), Purchase and Sale Agreement (Campus Crest Communities, Inc.), Purchase and Sale Agreement (Campus Crest Communities, Inc.)
