Examples of Cayman Issuer in a sentence
The Cayman Issuer shall not compel sales or transfers for failure to provide such information or documentation requested or required in accordance with Base Condition 13.4 unless the Cayman Issuer reasonably determines the Noteholder's acquisition, holding or transfer of an interest in such Note could result in a materially adverse effect on the Cayman Issuer.
In respect of any Registered Notes in definitive form issued by a Cayman Issuer and which are not held through a Clearing System, if the Cayman Issuer determines at any time that any Noteholder is a Non-Permitted Noteholder, the Cayman Issuer shall have the right to (i) compel the relevant Noteholder to sell or transfer its interest in such Note or (ii) sell such interest on such Noteholder's behalf.
The Cayman Issuer will be required to comply with the Cayman Islands Tax Information Authority Law (2017 Revision) (as amended) together with regulations and guidance notes made pursuant to such Law that give effect to the US IGA.
In the case of Cayman Issuers these are unrestricted and the relevant Cayman Issuer has full power and authority to carry out any object not prohibited by the Companies Law (2013 Revision) of the Cayman Islands as amended or revised from time to time or any other law of the Cayman Islands.
In the case of Cayman Issuers these are unrestricted and the relevant Cayman Issuer has full power and authority to carry out any object not prohibited by the Companies Law (2018 Revision) of the Cayman Islands as amended or revised from time to time or any other law of the Cayman Islands.
In respect of any Registered Notes in definitive form issued by a Cayman Issuer and which are not held through a Clearing System, each Noteholder is requested by the Cayman Issuer and will provide the Cayman Issuer or its agents with such information and documentation that may be required for the Cayman Issuer to achieve AML Compliance and shall update or replace such information or documentation, as may be necessary.
As such, the Cayman Issuer has registered with the IRS and obtained a Global Intermediary Identification Number and must report to the Cayman Islands Tax Information Authority any payments made to Specified US Persons with respect to US Reportable Accounts (each such term as defined in the US IGA).
The Cayman Issuer is a "Reporting Cayman Islands Financial Institution" (as defined in the US IGA).
Under the terms of the US IGA, withholding will not be imposed on payments made to the Cayman Issuer unless the IRS has specifically listed the Cayman Issuer as a non-participating financial institution, or on payments made by the Cayman Issuer to the Noteholders unless the Cayman Issuer has otherwise assumed responsibility for withholding under United States tax law.
Regulations were issued pursuant to the Cayman Islands Tax Information Authority Law (2017 Revision) (as amended) on 16 October 2015 to give effect to the CRS, which requires "Financial Institutions" such as the Cayman Issuer to identify, and report information in respect of, specified persons in the jurisdictions which sign and implement the CRS.