Foreign Payee definition

Foreign Payee means any Payee that is organized under the laws of a jurisdiction other than that in which the Borrowers are resident for tax purposes. For purposes of this definition, the United States of America, each State thereof and the District of Columbia shall be deemed to constitute a single jurisdiction.
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Examples of Foreign Payee in a sentence

  • Foreign Payee - any Payee that is organized under the laws of a jurisdiction other than the laws of the United States, or any state or district thereof.

  • The Portfolio loan can be used effectively to buy out a foreign partner or a foreign shareholder to the advantage of the U.S. payor and the Foreign Payee.

  • Unless the Borrower and the Administrative Agent have received forms or other documents satisfactory to them indicating that payments under any Loan Document to or for a Foreign Payee are not subject to United States withholding tax or are subject to such tax at a rate reduced by an applicable tax treaty, the Loan Parties and the Administrative Agent shall withhold amounts required to be withheld by applicable Requirements of Law from such payments at the applicable statutory rate.

Related to Foreign Payee

  • Foreign Pension Plan means any plan, fund (including, without limitation, any superannuation fund) or other similar program established or maintained outside the United States of America by the Borrower or any one or more of its Subsidiaries primarily for the benefit of employees of the Borrower or such Subsidiaries residing outside the United States of America, which plan, fund or other similar program provides, or results in, retirement income, a deferral of income in contemplation of retirement or payments to be made upon termination of employment, and which plan is not subject to ERISA or the Code.

  • Foreign partnership means an association of two or more persons to carry on as co-owners of a

  • Foreign Purchaser has the meaning assigned thereto in Section 8(d).

  • Foreign person means any person (including any individual, partnership, corporation, or other form of association) other than a United States person.

  • Foreign Bank means an organization that (i) is organized under the laws of a foreign country, (ii) engages in the business of banking, (iii) is recognized as a bank by the bank supervisory or monetary authority of the country of its organization or principal banking operations, (iv) receives deposits to a substantial extent in the regular course of its business, and (v) has the power to accept demand deposits, but does not include the U.S. branches or agencies of a foreign bank;

  • Foreign Loan Party means any Loan Party that is not a Domestic Loan Party.

  • Foreign Benefit Plan means any Employee Benefit Plan established, maintained or contributed to outside of the United States of America or which covers any employee working or residing outside of the United States.

  • Foreign personal representative means a personal representative appointed by another jurisdiction.

  • Foreign insurer means an insurer domiciled outside of this state, including an alien insurer.

  • foreign national means the following:

  • foreign tax means any Foreign Income Taxes or Foreign Other Taxes.

  • Foreign Benefit Arrangement means any employee benefit arrangement mandated by non-U.S. law that is maintained or contributed to by any Credit Party or any of its Subsidiaries.

  • Foreign Income Tax means any Tax imposed by any foreign country or any possession of the United States, or by any political subdivision of any foreign country or United States possession, which is an income tax as defined in Treasury Regulation Section 1.901-2, and any interest, penalties, additions to tax, or additional amounts in respect of the foregoing.

  • Foreigner means a person who is not a citizen of the Republic of South Africa as defined in the South African Citizenship Act, Act Number 88 of 1995, as amended, which Act is available on the Website;

  • foreign investor means a natural person of a third country or an undertaking of a third country, intending to make or having made a foreign direct investment;

  • foreign politically exposed person means a natural person who is or has been entrusted with prominent public functions in a foreign country;

  • FIRPTA Affidavit means the Foreign Investment in Real Property Tax Act Certification and Affidavit, substantially in the form of Exhibit D hereto.

  • United States Tax Person A citizen or resident of the United States, a corporation, partnership or other entity created or organized in, or under the laws of, the United States, any State thereof or the District of Columbia, an estate whose income from sources without the United States is includible in gross income for United States federal income tax purposes regardless of its source or a trust if a court within the United States is able to exercise primary supervision over the administration of the trust and one or more United States Tax Persons have the authority to control all substantial decisions of the trust, all within the meaning of Section 7701(a)(30) of the Code (or, to the extent provided in the applicable Treasury Regulations, certain trusts in existence on August 20, 1996 that have elected to be treated as United States Tax Persons).

  • United States Tax Compliance Certificate has the meaning specified in Section 3.01.

  • United States Person shall have the meanings specified in Section 7701 of the Internal Revenue Code.

  • Foreign Investment means any investment made by a person resident outside India on a repatriable basis in capital instruments of an Indian company or to the capital of an LLP;

  • Foreign taxes means value-added taxes and custom duties assessed by a foreign government on a commodity. It does not include foreign sales taxes.

  • Foreign vehicle means every motor vehicle, trailer, or semitrailer that is brought into the

  • Canadian Tax Act means the Income Tax Act (Canada), as amended.

  • Non-United States Person Any Person other than a United States Person.

  • Form W-8BEN means Form W-8BEN (Certificate of Foreign Status of Beneficial Owner for United States Tax Withholding) of the Department of Treasury of the United States of America, and any successor form.