Eligible Investors definition

Eligible Investors means the Included Investors and Designated Investors.

Eligible Investors means persons who are QIBs, but excluding therefrom: (i) QIBs which are broker-dealers which own and invest on a discretionary basis less than U.S.$25,000,000 in "securities", as such term is defined under Rule 144A, (ii) partnerships, common trust funds, special trusts, pension funds, retirement plans or other entities in which the partners, beneficiaries or participants, as the case may be, may designate the particular investments to be made or the allocation thereof, (iii) entities that were formed, re-formed or recapitalised for the specific purpose of investing in the Notes, (iv) any investment company excepted from the Investment Company Act under Section 3(c)(1) or 3(c)(7) thereof and formed before 30th April, 1996, which has not received consent from its beneficial owners with respect to the treatment of such entity as a qualified purchaser in the manner required by Section 2(a)(51)(C) of the Investment Company Act and the rules thereunder and (v) any entity that will have invested more than 40 per cent. of its assets in securities of the relevant Issuer subsequent to any purchase of Notes of the relevant Issuer.

Eligible Investors means any collective investment scheme(s) (including without limitation a feeder fund investing solely in a Sub-Fund) or discretionary account(s) managed by the Manager or, in the Manager's sole discretion, any MPF Scheme and ORSO Scheme, subject to the relevant Sub-Fund being approved by the Mandatory Provident Fund Schemes Authority as an eligible investment under the mandatory provident fund regime.

Examples of Eligible Investors in a sentence

• Holding the Bonds through the Clearing System enables Eligible Investors to receive gross interest income on their Bonds and to transfer the Bonds on a gross basis.

• Bondholders who are non-residents of Belgium for Belgian tax purposes, who are not holding the Bonds through a permanent establishment in Belgium and who are not investing in the Bonds in the course of their Belgian professional activity, will normally not incur or become liable for any Belgian tax on income or capital gains by reason only of the acquisition, ownership, redemption or disposal of the Bonds, provided that they qualify as Eligible Investors and that they hold their Bonds in an X- account.

• The holding of the Convertible Bonds in the NBB securities settlement system permits most types of investors (the "Eligible Investors", see below) to collect interest on their Convertible Bonds free of Belgian withholding tax, and to trade their Convertible Bonds on a gross basis.

• However, payments of interest and principal under the Bonds by or on behalf of the Issuer may be made without deduction of Belgian withholding tax if and as long as, at the moment of payment or attribution of interest, the Bonds are held by certain investors (the Eligible Investors, see below) in an exempt securities account (an X-account) that has been opened with a financial institution that is a direct or indirect participant (a Participant) in the Clearing System.

• There are no ongoing certification requirements although Eligible Investors must update their statement should their eligible status change.

More Definitions of Eligible Investors

Eligible Investors means:

Eligible Investors means QIBs or IAIs.

Eligible Investors means any person or entity who is (i) not a US person (as defined below); (ii) any entity who is exempt from US taxes, including but not limited to not-for-profit entities and defined benefit and contribution plans, subject to certain limitations on aggregate number investors and invested assets; (iii) a custodian, nominee or trustee of the above; or (iv) a Non-Qualified Person determined to be eligible by the Company.

Eligible Investors means those persons who comply with the conditions specified on page 38;

Eligible Investors as defined in article 4 of the Royal Decree of 26 May 1994, include, inter alia: (1) Belgian resident companies subject to corporate income tax within the meaning of Article 2, §1, 5°b of the Income Tax Code 1992 (“ITC 1992”); (2) without prejudice to Article 262, 1° and 5° of ITC 0000, Xxxxxxx insurance or pension undertakings within the meaning of Article 2, §3 of the Law of July 9, 1975 on supervision of insurance companies (other than those referred in points 1° and 3° of said Article); (3) State-linked social security organizations and institutions assimilated therewith within the meaning of Article 105, 2° of the Royal Decree of August 27, 1993 implementing ITC 1992; (4) non-residents of Belgium within the meaning of Article 105, 5° of said Royal Decree of August 27, 1993; (5) mutual funds within the meaning of Article 115 of said Royal Decree of August 27, 1993; (6) companies, entities or partnerships within the meaning of Article 227, 2° of ITC 1992 which are subject to non-resident income tax in Belgium in accordance with Article 233 of ITC 1992 and whose Securities are held as part of a taxable business activity in Belgium; (7) the Belgian State, with respect to its investments exempted from withholding tax in accordance with Article 265 of ITC 1992; (8) mutual funds organized under foreign law which are structured as an undivided estate managed by a management company on behalf of certificate holders, provided that their certificates are not publicly offered or otherwise marketed in Belgium; and (9) Belgian resident companies not referred to in point 1 above whose sole or principal activity consists in granting credits or loans.

Eligible Investors means Investors who or which, at the time in question, hold at least at least 1,000,000 shares of Series A Preferred Stock, 1,000,000 shares of Series B Preferred Stock or 1,000,000 shares of Series C Preferred Stock (in each case, as may be adjusted from time to time for stock splits, stock dividends, combinations, subdivisions, recapitalizations and the like).

Eligible Investors means persons who are QIBs.