Foreign Member definition

Foreign Member has the meaning set forth in Section 3.4.

Foreign Member. [name of the Foreign Member];

Foreign Member means a Member which is neither (i) an individual who is a citizen of the United States, (ii) a partnership, each of whose partners is an individual who is a citizen of the United States, nor (iii) a corporation or association organized under the laws of the United States or a state, District of Columbia, or a territory or possession of the United States, of which the president and at least two-thirds of the board of directors and other managing officers are citizens of the United States, which is under the actual control of citizens of the United States, and in which at least 75% of the voting interests are owned and controlled by persons that are citizens of the United States.

Examples of Foreign Member in a sentence

• The Responsible Entity must take reasonable steps to maximise the amount payable to each Foreign Member under Clause 6.9(b).

• Except as with respect to FATCA, a foreign Bank Netting Member that participates in the Corporation through its U.S. branch or agency shall not be deemed a Foreign Member for purposes of the Corporation’s Rules and procedures, unless otherwise stated by the Corporation.

• The Responsible Entity may (and in the case of a renounceable pro rata issue, must) appoint a nominee to arrange for the sale of the Foreign Interests under, and pay to each Foreign Member the amount calculated in accordance with the formula in, Clause 6.9(b).

• Except as with respect to FATCA, a Bank Clearing Member that participates in the Corporation through its U.S. branch or agency shall not be deemed a Foreign Member for purposes of the Corporation’s Rules and procedures, unless otherwise stated by the Corporation.

• Any member who has been a Fellow or Member for at least 20 years (including time as a Foreign Member prior to 1983) and who is either 65 years of age or more or is over 60 and retired from full-time employment, is entitled on written application to the Chief Executive to pay 50% of the annual subscription with no curtailment of privileges.

More Definitions of Foreign Member

Foreign Member means a member who is ordinarily resident outside the Republic and who has been admitted to the Institute as a foreign member and who is registered with the Institute, as specified in the By-laws.

Foreign Member means any Member that is not a "U.S. person" within the meaning of Section 7701(a)

Foreign Member means a full member who is ordinarily resident outside the Republic and who has been admitted to the Institute as a foreign member.

Foreign Member. Means the foreign legal entity that is one of the CONSTITUTING ENTITIES comprising the CONTRACTOR.

Foreign Member a company incorporated in a foreign country with diplomatic relations with Israel and which executed this Agreement;

Foreign Member means each of the Members listed on Schedule A-2 and Schedule A-3.

Foreign Member means any Member who is a Non-U.S. Person.