Common use of Xxxxxxxxx, Closely Held Investment Vehicle Clause in Contracts

Xxxxxxxxx, Closely Held Investment Vehicle. An Isle of Man Financial Institution satisfying the following requirements: 1. The Financial Institution is a Financial Institution solely because it is an Investment Entity; 2. The sponsoring entity is a Reporting Isle of Man Financial Institution, is authorised to act on behalf of the Financial Institution (such as a professional manager, trustee, or managing partner), and agrees to perform, on behalf of the Financial Institution, all due diligence, reporting and other requirements that the Financial Institution would have been required to perform if it were a Reporting Isle of Man Financial Institution; 3. The Financial Institution does not hold itself out as an investment vehicle for unrelated parties; 4. Twenty or fewer individuals own all of the debt interests and Equity Interests in the Financial Institution (disregarding debt interests owned by Financial Institutions and Equity Interests owned by an Entity if that Entity owns 100 per cent of the Equity Interests in the Financial Institution and is itself a sponsored Financial Institution described in this paragraph C); and 5. The sponsoring entity complies with the following requirements: a) The sponsoring entity is an Isle of Man Financial Institution; b) The sponsoring entity agrees to perform, on behalf of the Financial Institution, all due diligence, reporting and other requirements that the Financial Institution would have been required to perform if it were a Reporting Isle of Man Financial Institution and retains documentation collected with respect to the Financial Institution for a period of six years; c) The sponsoring entity identifies the Financial Institution in accordance with the applicable registration requirements of the Isle of Man Competent Authority in all reporting completed on the Financial Institution’s behalf; and d) The sponsoring entity has notified the Isle of Man Competent Authority of its status as a sponsor in respect of the Financial Institution and has not had its status as a sponsor revoked by the Isle of Man Competent Authority.

Xxxxxxxxx, Closely Held Investment Vehicle. An Isle of Man A Guernsey Financial Institution satisfying the following requirements: 1. The Financial Institution is a Financial Institution solely because it is an Investment Entity; 2. The sponsoring entity is a Reporting Isle of Man Guernsey Financial Institution, is authorised to act on behalf of the Financial Institution (such as a professional manager, trustee, or managing partner), and agrees to perform, on behalf of the Financial Institution, all due diligence, reporting and other requirements that the Financial Institution would have been required to perform if it were a Reporting Isle of Man Guernsey Financial Institution; 3. The Financial Institution does not hold itself out as an investment vehicle for unrelated parties; 4. Twenty or fewer individuals own all of the debt interests and Equity Interests in the Financial Institution (disregarding debt interests owned by Financial Institutions and Equity Interests owned by an Entity if that Entity owns 100 per cent of the Equity Interests in the Financial Institution and is itself a sponsored Financial Institution described in this paragraph C); and 5. The sponsoring entity complies with the following requirements: a) The sponsoring entity is an Isle of Man a Guernsey Financial Institution; b) The sponsoring entity agrees to perform, on behalf of the Financial Institution, all due diligence, reporting and other requirements that the Financial Institution would have been required to perform if it were a Reporting Isle of Man Guernsey Financial Institution and retains documentation collected with respect to the Financial Institution for a period of six years; c) The sponsoring entity identifies the Financial Institution in accordance with the applicable registration requirements of the Isle of Man Guernsey Competent Authority in all reporting completed on the Financial Institution’s behalf; and d) The sponsoring entity has notified the Isle of Man Guernsey Competent Authority of its status as a sponsor in respect of the Financial Institution and has not had its status as a sponsor revoked by the Isle of Man Guernsey Competent Authority.

Xxxxxxxxx, Closely Held Investment Vehicle. An Isle of Man A Bermuda Financial Institution satisfying the following requirementsrequirements is a Non-Reporting Bermuda Financial Institution treated as a certified deemed-compliant FFI for purposes of section 1471 of the U.S. Internal Revenue Code: 1. The Financial Institution is a Financial Institution solely because it is an Investment EntityEntity and is not a qualified intermediary, withholding foreign partnership, or withholding foreign trust pursuant to relevant U.S. Treasury Regulations; 2. The sponsoring entity is a Reporting Isle of Man U.S. Financial Institution, Reporting Model 1 FFI, or Participating FFI, is authorised authorized to act on behalf of the Financial Institution (such as a professional manager, trustee, or managing partner), and agrees to perform, on behalf of the Financial Institution, all due diligence, reporting withholding, reporting, and other requirements that the Financial Institution would have been required to perform if it were a Reporting Isle of Man Bermuda Financial Institution; 3. The Financial Institution does not hold itself out as an investment vehicle for unrelated parties; 4. Twenty or fewer individuals own all of the debt interests and Equity Interests in the Financial Institution (disregarding debt interests owned by Financial Institutions Participating FFIs and deemed-compliant FFIs and Equity Interests owned by an Entity if that Entity owns 100 per cent percent of the Equity Interests in the Financial Institution and is itself a sponsored Financial Institution described in this paragraph C); and 5. The sponsoring entity complies with the following requirements: a) The sponsoring entity is an Isle of Man Financial Institutionhas registered as a sponsoring entity with the IRS; b) The sponsoring entity agrees to perform, on behalf of the Financial Institution, all due diligence, reporting withholding, reporting, and other requirements that the Financial Institution would have been required to perform if it were a Reporting Isle of Man Bermuda Financial Institution and retains documentation collected with respect to the Financial Institution for a period of six years; c) The sponsoring entity identifies the Financial Institution in accordance with the applicable registration requirements of the Isle of Man Competent Authority in all reporting completed on the Financial Institution’s behalf; and d) The sponsoring entity has notified the Isle of Man Competent Authority of its status as a sponsor in respect of the Financial Institution and has not had its status as a sponsor revoked revoked. The IRS may revoke a sponsoring entity’s status as a sponsor with respect to all sponsored Financial Institutions if there is a material failure by the Isle of Man Competent Authoritysponsoring entity to comply with its obligations described above with respect to any sponsored Financial Institution.

Xxxxxxxxx, Closely Held Investment Vehicle. An Isle of Man A Jersey Financial Institution satisfying the following requirements: 1. The Financial Institution is a Financial Institution solely because it is an Investment Entity; 2. The sponsoring entity is a Reporting Isle of Man Jersey Financial Institution, is authorised to act on behalf of the Financial Institution (such as a professional manager, trustee, or managing partner), and agrees to perform, on behalf of the Financial Institution, all due diligence, reporting and other requirements that the Financial Institution would have been required to perform if it were a Reporting Isle of Man Jersey Financial Institution; 3. The Financial Institution does not hold itself out as an investment vehicle for unrelated parties; 4. Twenty or fewer individuals own all of the debt interests and Equity Interests in the Financial Institution (disregarding debt interests owned by Financial Institutions and Equity Interests owned by an Entity if that Entity owns 100 per cent of the Equity Interests in the Financial Institution and is itself a sponsored Financial Institution described in this paragraph C); and 5. The sponsoring entity complies with the following requirements: a) The sponsoring entity is an Isle of Man a Jersey Financial Institution; b) The sponsoring entity agrees to perform, on behalf of the Financial Institution, all due diligence, reporting and other requirements that the Financial Institution would have been required to perform if it were a Reporting Isle of Man Jersey Financial Institution and retains documentation collected with respect to the Financial Institution for a period of six years; c) The sponsoring entity identifies the Financial Institution in accordance with the applicable registration requirements of the Isle of Man Jersey Competent Authority in all reporting completed on the Financial Institution’s behalf; and d) The sponsoring entity has notified the Isle of Man Jersey Competent Authority of its status as a sponsor in respect of the Financial Institution and has not had its status as a sponsor revoked by the Isle of Man Jersey Competent Authority.

Xxxxxxxxx, Closely Held Investment Vehicle. An Isle of Man A Jersey Financial Institution satisfying the following requirements: 1. The Financial Institution is a Financial Institution solely because it is an Investment Entity; 2. The sponsoring entity is a Reporting Isle of Man Jersey Financial Institution, is authorised to act on behalf of the Financial Institution (such as a professional manager, trustee, or managing partner), and agrees to perform, on behalf of the Financial Institution, all due diligence, reporting and other requirements that the Financial Institution would have been required to perform if it were a Reporting Isle of Man Jersey Financial Institution; 3. The Financial Institution does not hold itself out as an investment vehicle for unrelated parties; 4. Twenty or fewer individuals own all of the debt interests and Equity Interests in the Financial Institution (disregarding debt interests owned by Financial Institutions and Equity Interests owned by an Entity if that Entity owns 100 per cent of the Equity Interests in the Financial Institution and is itself a sponsored Financial Institution described in this paragraph C); and 5. The sponsoring entity complies with the following requirements: a) The sponsoring entity is an Isle of Man a Jersey Financial Institution; b) The sponsoring entity agrees to perform, on behalf of the Financial Institution, all due diligence, reporting and other requirements that the Financial Institution would have been required to perform if it were a Reporting Isle of Man Jersey Financial Institution and retains documentation collected with respect to the Financial Institution for a period of six years; c) The sponsoring entity identifies the Financial Institution in accordance with the applicable registration requirements of the Isle of Man Jersey Competent Authority in all reporting completed on the Financial Institution’s behalf; and; d) The sponsoring entity has notified the Isle of Man Jersey Competent Authority of its status as a sponsor in respect of the Financial Institution and has not had its status as a sponsor revoked by the Isle of Man Jersey Competent Authority.

Xxxxxxxxx, Closely Held Investment Vehicle. An Isle of Man A Gibraltar Financial Institution satisfying the following requirements: 1. The Financial Institution is a Financial Institution solely because it is an Investment Entity; 2. The sponsoring entity is a Reporting Isle of Man Gibraltar Financial Institution, is authorised to act on behalf of the Financial Institution (such as a professional manager, trustee, or managing partner), and agrees to perform, on behalf of the Financial Institution, all due diligence, reporting and other requirements that the Financial Institution would have been required to perform if it were a Reporting Isle of Man Gibraltar Financial Institution; 3. The Financial Institution does not hold itself out as an investment vehicle for unrelated parties; 4. Twenty or fewer individuals own all of the debt interests and Equity Interests in the Financial Institution (disregarding debt interests owned by Financial Institutions and Equity Interests owned by an Entity if that Entity owns 100 per cent of the Equity Interests in the Financial Institution and is itself a sponsored Financial Institution described in this paragraph C); and 5. The sponsoring entity complies with the following requirements: a) The sponsoring entity is an Isle of Man a Gibraltar Financial Institution; b) The sponsoring entity agrees to perform, on behalf of the Financial Institution, all due diligence, reporting and other requirements that the Financial Institution would have been required to perform if it were a Reporting Isle of Man Gibraltar Financial Institution and retains documentation collected with respect to the Financial Institution for a period of six years; c) The sponsoring entity identifies the Financial Institution in accordance with the applicable registration requirements of the Isle of Man Gibraltar Competent Authority in all reporting completed on the Financial Institution’s behalf; and d) The sponsoring entity has notified the Isle of Man Gibraltar Competent Authority of its status as a sponsor in respect of the Financial Institution and has not had its status as a sponsor revoked by the Isle of Man Gibraltar Competent Authority.

Xxxxxxxxx, Closely Held Investment Vehicle. An Isle of Man A Mauritius Financial Institution satisfying the following requirements: 1. The Financial Institution is a Financial Institution solely because it is an Investment EntityEntity and is not a qualified intermediary, withholding foreign partnership, or withholding foreign trust pursuant to relevant U.S. Treasury Regulations; 2. The sponsoring entity is a Reporting Isle of Man U.S. Financial Institution, Reporting Model 1 FFI, or Participating FFI, is authorised authorized to act on behalf of the Financial Institution (such as a professional manager, trustee, or managing partner), and agrees to perform, on behalf of the Financial Institution, all due diligence, reporting withholding, reporting, and other requirements that the Financial Institution would have been required to perform if it were a Reporting Isle of Man Mauritius Financial Institution; 3. The Financial Institution does not hold itself out as an investment vehicle for unrelated parties; 4. Twenty or fewer individuals own all of the debt interests and Equity Interests in the Financial Institution (disregarding Institution(disregarding debt interests owned by Financial Institutions Participating FFIs and deemed-compliant FFIs and Equity Interests owned by an Entity if that Entity owns 100 per cent percent of the Equity Interests in the Financial Institution and is itself a sponsored Financial Institution described in this paragraph C); and 5. The sponsoring entity complies with the following requirements: a) The sponsoring entity is an Isle of Man Financial Institutionhas registered as a sponsoring entity with the IRS on the IRS FATCA registration website; b) The sponsoring entity agrees to perform, on behalf of the Financial Institution, all due diligence, reporting withholding, reporting, and other requirements that the Financial Institution would have been required to perform if it were a Reporting Isle of Man Mauritius Financial Institution and retains documentation collected with respect to the Financial Institution for a period of six years; c) The sponsoring entity identifies the Financial Institution in accordance with the applicable registration requirements of the Isle of Man Competent Authority in all reporting completed on the Financial Institution’s behalf; and d) The sponsoring entity has notified the Isle of Man Competent Authority of its status as a sponsor in respect of the Financial Institution and has not had its status as a sponsor revoked by the Isle of Man Competent Authorityrevoked.

Xxxxxxxxx, Closely Held Investment Vehicle. An Isle of Man HKSAR Financial Institution satisfying the following requirementsrequirements is a Non-Reporting HKSAR Financial Institution treated as a certified deemed-compliant FFI for purposes of section 1471 of the U.S. Internal Revenue Code: 1. The Financial Institution is a Financial Institution solely because it is an Investment EntityEntity and is not a qualified intermediary, withholding foreign partnership, or withholding foreign trust pursuant to relevant U.S. Treasury Regulations; 2. The sponsoring entity is a Reporting Isle of Man U.S. Financial Institution, Reporting Model 1 FFI, or Participating FFI, is authorised authorized to act on behalf of the Financial Institution (such as a professional manager, trustee, or managing partner), and agrees to perform, on behalf of the Financial Institution, all due diligence, reporting withholding, reporting, and other requirements that the Financial Institution would have been required to perform if it were a Reporting Isle of Man HKSAR Financial Institution; 3. The Financial Institution does not hold itself out as an investment vehicle for unrelated parties; 4. Twenty or fewer individuals own all of the debt interests and Equity Interests in the Financial Institution (disregarding debt interests owned by Financial Institutions Participating FFIs and deemed-compliant FFIs and Equity Interests owned by an Entity if that Entity owns 100 per cent percent of the Equity Interests in the Financial Institution and is itself a sponsored Financial Institution described in this paragraph C); and 5. The sponsoring entity complies with the following requirements: a) The sponsoring entity is an Isle of Man Financial Institutionhas registered as a sponsoring entity with the IRS; b) The sponsoring entity agrees to perform, on behalf of the Financial Institution, all due diligence, reporting withholding, reporting, and other requirements that the Financial Institution would have been required to perform if it were a Reporting Isle of Man HKSAR Financial Institution and retains documentation collected with respect to the Financial Institution for a period of six years; c) The sponsoring entity identifies the Financial Institution in accordance with the applicable registration requirements of the Isle of Man Competent Authority in all reporting completed on the Financial Institution’s behalf; and d) The sponsoring entity has notified the Isle of Man Competent Authority of its status as a sponsor in respect of the Financial Institution and has not had its status as a sponsor revoked revoked. The IRS may revoke a sponsoring entity’s status as a sponsor with respect to all sponsored Financial Institutions if there is a material failure by the Isle of Man Competent Authoritysponsoring entity to comply with its obligations described above with respect to any sponsored Financial Institution.

Xxxxxxxxx, Closely Held Investment Vehicle. An Isle of Man A Serbian Financial Institution satisfying the following requirements: 1. The Financial Institution is a Financial Institution solely because it is an Investment EntityEntity and is not a qualified intermediary, withholding foreign partnership, or withholding foreign trust pursuant to relevant U.S. Treasury Regulations; 2. The sponsoring entity is a Reporting Isle of Man U.S. Financial Institution, Reporting Model 1 FFI, or Participating FFI, is authorised authorized to act on behalf of the Financial Institution (such as a professional manager, trustee, or managing partner), and agrees to perform, on behalf of the Financial Institution, all due diligence, reporting withholding, reporting, and other requirements that the Financial Institution would have been required to perform if it were a Reporting Isle of Man Serbian Financial Institution; 3. The Financial Institution does not hold itself out as an investment vehicle for unrelated parties; 4. Twenty or fewer individuals own all of the debt interests and Equity Interests in the Financial Institution (disregarding debt interests owned by Financial Institutions Participating FFIs and deemed-compliant FFIs and Equity Interests owned by an Entity if that Entity owns 100 per cent percent of the Equity Interests in the Financial Institution and is itself a sponsored Financial Institution described in this paragraph C); and 5. The sponsoring entity complies with the following requirements: a) The sponsoring entity is an Isle of Man Financial Institutionhas registered as a sponsoring entity with the IRS on the IRS FATCA registration website; b) The sponsoring entity agrees to perform, on behalf of the Financial Institution, all due diligence, reporting withholding, reporting, and other requirements that the Financial Institution would have been required to perform if it were a Reporting Isle of Man Serbian Financial Institution and retains documentation collected with respect to the Financial Institution for a period of six years; c) The sponsoring entity identifies the Financial Institution in accordance with the applicable registration requirements of the Isle of Man Competent Authority in all reporting completed on the Financial Institution’s behalf; and d) The sponsoring entity has notified the Isle of Man Competent Authority of its status as a sponsor in respect of the Financial Institution and has not had its status as a sponsor revoked by the Isle of Man Competent Authorityrevoked.

Xxxxxxxxx, Closely Held Investment Vehicle. An Isle of Man A New Zealand Financial Institution satisfying the following requirements: 1. The Financial Institution is a Financial Institution solely because it is an Investment EntityEntity and is not a qualified intermediary, withholding foreign partnership, or withholding foreign trust pursuant to relevant U.S. Treasury Regulations; 2. The sponsoring entity is a Reporting Isle of Man U.S. Financial Institution, Reporting Model 1 FFI, or Participating FFI, is authorised authorized to act on behalf of the Financial Institution (such as a professional manager, trustee, or managing partner), and agrees to perform, on behalf of the Financial Institution, all due diligence, reporting withholding, reporting, and other requirements that the Financial Institution would have been required to perform if it were a Reporting Isle of Man New Zealand Financial Institution; 3. The Financial Institution does not hold itself out as an investment vehicle for unrelated parties; 4. Twenty or fewer individuals own all of the debt interests and Equity Interests in the Financial Institution (disregarding debt interests owned by Financial Institutions Participating FFIs and deemed-compliant FFIs and Equity Interests owned by an Entity if that Entity owns 100 per cent percent of the Equity Interests in the Financial Institution and is itself a sponsored Financial Institution described in this paragraph C); and 5. The sponsoring entity complies with the following requirements: a) The sponsoring entity is an Isle of Man Financial Institutionhas registered as a sponsoring entity pursuant to applicable registration requirements on the IRS FATCA registration website; b) The sponsoring entity agrees to perform, on behalf of the Financial Institution, all due diligence, reporting withholding, reporting, and other requirements that the Financial Institution would have been required to perform if it were a Reporting Isle of Man New Zealand Financial Institution and retains documentation collected with respect to the Financial Institution for a period of six years; c) The sponsoring entity identifies the Financial Institution in accordance with the applicable registration requirements of the Isle of Man Competent Authority in all reporting completed on the Financial Institution’s behalf; and d) The sponsoring entity has notified the Isle of Man Competent Authority of its status as a sponsor in respect of the Financial Institution and has not had its status as a sponsor revoked by the Isle of Man Competent Authorityrevoked.