FFI Participant definition

FFI Participant means any Participant that is treated as a non-U.S. entity for U.S. federal income tax purposes.
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Examples of FFI Participant in a sentence

  • Beginning on the FATCA Compliance Date, an FFI Participant shall not conduct any transaction or activity through the Corporation if such FFI Participant is not FATCA Compliant, unless such requirement has been explicitly waived in writing by the Corporation with respect to the specific FFI Participant, provided, however, that no such waiver will be issued if it shall cause the Corporation to withhold under FATCA on gross proceeds from the sale or other disposition of any property.

  • Each FFI Participant is required, as applicable under FATCA, to certify periodically to the Corporation that it is FATCA Compliant by providing to the Corporation a FATCA Certification.

  • Failure to do so in the manner and timeframes set forth by the Corporation from time to time will result in a fine, unless such requirement has been explicitly waived in writing by the Corporation with respect to the FFI Participant, provided, however, that no such waiver will be issued if it shall cause the Corporation to withhold under FATCA on gross proceeds from the sale or other disposition of any property.

  • Beginning on the FATCA Compliance Date, each FFI Participant shall promptly inform the Corporation, both orally and in writing, if it (i) undergoes a change in circumstance that would affect its FATCA Certification or (ii) otherwise knows or has reason to know that it is not, or will not be, FATCA Compliant, in each case, within two days of knowledge thereof.

  • An FFI Participant shall indemnify the Corporation for any loss, liability or expense sustained by the Corporation as a result of such FFI Participant failing to be FATCA Compliant.

  • Unless there are any provisions expressly stating otherwise, when contractual deadlines are exceeded, the CONTRACTOR shall be deemed to have been ordered to meet the deadlines and may not use the absence of a written order from FLUXYS as an excuse for failing to meet the deadlines set out in the Agreement.

  • In most cases, the gross receipts are for client accounts, and the nonparticipating FFI Participant would need to make such accounts whole.

  • The employer is forced to imagine what issues could be out there.

Related to FFI Participant

  • FTR Participant means any Market Participant that provides or is required to provide Collateral in order to participate in PJM’s FTR auctions.

  • CDS Participant means a participant in CDS that holds security entitlements in Units on behalf of beneficial owners of those Units;

  • L/C Participant shall have the meaning provided in Section 3.3(a).

  • Active Participant means, with respect to any day or date, a Participant who is in Service on such day or date; provided, that a Participant shall cease to be an Active Participant (i) immediately upon a determination by the Committee that the Participant has ceased to be an Employee or Independent Contractor, or (ii) at the end of the Plan Year that the Committee determines the Participant no longer meets the eligibility requirements of the Plan.

  • Participant has the meaning specified in Section 10.06(d).

  • U.S. Participant means a Participant who is a citizen of the United States or a resident of the United States, as defined in section 7701(a)(30)(A) and section 7701(b)(1) of the Code and any other Participant who is subject to tax under the Code with respect to compensatory awards granted pursuant to the Plan;

  • Inactive Participant means each Participant (other than a Retired Participant, Deceased Participant or Disabled Participant) who is not in active service as an Outside Director and is not actively employed by a Participating Company.

  • Former Participant means a person who has been a Participant, but who has ceased to be a Participant for any reason.

  • Designated Participant means a key Employee of the Company or any other Participating Company who is designated by the Committee in writing to participate in the Program.

  • Other Participant means a cooperative project participant other than the United States.

  • Non-U.S. Participant means any Participant that if it were a Lender would qualify as a Non-U.S. Lender.

  • Eligible Participant means an employee, officer, consultant or director of the Company or any Affiliate.

  • Program participant means an individual certified by the secretary as a program participant under Iowa Code section 9E.3.

  • Eligible Employee means full-time and part-time employees in the bargaining unit who have completed four hundred and fifty (450) hours of service and who are not prohibited from contributing to the Plan by legislation or the Plan rules because of their age or because they are in receipt of a pension from the Plan.

  • Plan Participant means a person who is eligible to receive, and is receiving, a pension benefit from the Plan.

  • Current Participant means a person who participated in the Plan during the Class Period and had an Active Account on May 11, 2018.

  • Qualified Participant means a Participant who has attained age 55 and who has completed at least 10 years of participation in the Plan.

  • Retired Participant means a person who has been a Participant, but who has become entitled to retirement benefits under the Plan.

  • Disabled Participant with respect to a loan if it has no right to exercise any voting or other control rights with respect to such loan (other than the right to approve amendments to the material economic terms of such loan).

  • Exchange Participant means (a) the Bank which is a person registered as a China Connect Exchange Participant (as defined in the SEHK China Connect Rules) by SEHK; or (b) where the context requires, any China Connect Exchange Participant (as defined in the SEHK China Connect Rules).

  • Eligible Executive means an employee of the Company selected as being eligible to participate in this Plan under Section C.1.a.

  • Terminated Participant means a person who has been a Participant, but whose employment has been terminated other than by death, Total and Permanent Disability or retirement.

  • Eligible employer means any municipality with a municipal

  • Study Participant means a person recruited to participate in the Study.

  • Loan Participant means each Purchaser and its respective successors and registered assigns, including any Certificate Holder.

  • A Participant or beneficiary ("claimant") who has not received benefits under the Plan that he or she believes should be paid shall make a claim for such benefits as follows: