Portfolio Interest. As defined in the Titling Trust Agreement.
Portfolio Interest as defined in Section 871(h) of the Code, or the exemption from withholding for Portfolio Interest set forth in Section 871(h) of the Code is no longer in effect, then so much of the accrued interest as is equal to the amount that the Company is required to withhold under Section 1441(a) of the Code shall not be converted into Conversion Shares pursuant to Section 3.1, and the Company shall withhold such amount in compliance with Section 1441(a) of the Code.
Portfolio Interest a Form W-8, or any subsequent versions thereof or successors thereto and if the Lender delivers a Form W-8, a certificate representing that such Lender is not a bank for purposes of Section 881(c) of the Code, is not a ten percent (10%) shareholder (within the meaning of Section 871(h)(3)(b) of the Code) of the Borrower thereof, and is not a controlled foreign corporation related to the Borrower (within the meaning of Section 864(d)(4) of the Code). Each such certificate and form shall be properly completed and duly executed by such Lender claiming complete exemption from a reduced rate of U.S. Withholding Tax on payments by the Borrower under this Agreement and other Lender Agreements. Such Lender agrees to promptly notify the Agent of any change in circumstances which would modify or render invalid any claimed exemption or reduction.
Examples of Portfolio Interest in a sentence
As at the First Default Trigger Determination Date and the immediately following Quarterly Report Date not applicable As at the Second Default Trigger Determination Date and the immediately following Quarterly Report Date not applicable 13 Default Interest Rate For each Interest Period for which an amount is outstanding, or part thereof, the rate equal to the aggregate of (1) the Deposit Interest Rate and Portfolio Interest Rate applied to the outstanding amount and (2) 2% per annum.
The interest which the Borrower is required to pay shall be the aggregate of the Portfolio Interest and the Deposit Interest which has accrued during the latest Interest Period.
More Definitions of Portfolio Interest
Portfolio Interest shall have the meaning assigned to the term "Interest" in the Declaration of Trust in effect on the Closing Date.
Portfolio Interest a statement substantially in the form of Exhibit E to the effect that such Lender is eligible for a complete exemption from withholding of U.S. taxes under Section 871(h) or 881(c) of the Code (a “Tax Compliance Certificate”) and a Form W‐8BEN or W‐8BEN‐E, in each case (A) with any required attachments (including, with respect to any Lender that provides a U.S. Internal Revenue Service Form W‐8IMY, any of the forms or other documentation described in clauses (i) and (ii) above for any of the direct or indirect owners of such Lender) and (B) any subsequent versions thereof or successors thereto. In addition, each Lender (including any assignee thereof) that is not a Non‐U.S. Lender shall deliver to the Administrative Borrower and the Administrative Agent two copies of U.S. Internal Revenue Service Form W‐9, properly completed and duly executed and claiming complete exemption, or shall otherwise establish an exemption, from U.S. backup withholding. Such forms shall be delivered by each Lender on or about the date it becomes a party to this Agreement and from time to time thereafter as reasonably requested by Administrative Borrower or the Administrative Agent. In addition, each Lender agrees that if any form or certification it previously delivered expires or becomes obsolete or inaccurate in any respect, it shall update such form or certification or promptly notify the Administrative Borrower and the Administrative Agent in writing of its legal -63- USActive 58806140.10 -63-60444631.4 SK 28388 0001 10656366 v3
Portfolio Interest means with respect to each SME Loan included in the Portfolio, and for each Interest Period, an amount equal to the sum of the product of:
Portfolio Interest a Form W-8 (or any subsequent versions thereof or successors thereto) and a certificate representing that such participant is not a bank for purposes of Section 881(c)(3)(A) of the Code, is not a 10 percent shareholder (within the meaning of Section 871(h)(3)(B) of the Code) of the Borrower, and is not a controlled foreign corporation related to the Borrower (within the meaning of Section 864(d)(4) of the Code), in either case properly completed and duly executed by such participant and entitling such participant to receive a complete exemption from U.S. federal withholding tax with respect to payments received pursuant to such participation. Each prospective participant that is organized under the laws of the United States or any state thereof or the District of Columbia shall deliver to the Borrower on or before the date of the related participation an original copy of the Internal Revenue Service Form W-9 (or applicable successor form) properly completed and duly executed by such participant. Each participant also shall, from time to time, submit to the Borrower and the Administrative Agent such additional duly completed and signed copies of such forms (or such successor forms or other documents as shall be adopted from time to time by the relevant United States taxing authorities) as may be (i) reasonably requested in writing by the Borrower or the Administrative Agent, (ii) appropriate under then current United States laws or regulations, or (iii) required due to the obsolescence or invalidity of any form previously delivered by such participant. Upon the reasonable request of the Borrower or the Administrative Agent, each participant that has not provided the forms or other documents, as provided above, on the basis of being a United States person shall submit to the Borrower and the Administrative Agent a certificate to the effect that it is such a "United States person."
Portfolio Interest means the limited partnership interest in the Portfolio Partnership owned by the Seller.
Portfolio Interest means a series of beneficial interest in the ------------------ Trust, established pursuant to Section 3.2 of the Trust Agreement, having the separate rights, powers and duties specified in such Agreement and in the related Portfolio Supplement with respect to the Portfolio Assets specified in such Portfolio Supplement as being associated with such series.
Portfolio Interest as such term is defined in Section 871(h) of the United States Internal Revenue Code of 1986, as amended, and the terms of this Note shall be construed in that manner. This Note is intended to be in registered form and to comply with all requirements of Sections 5f.103-(1)(c) and 1.871-14 of the Regulations, and the provisions of this Note shall be interpreted in a manner necessary to cause this Note to be in registered form as defined in Section 5f.103-(1)(c) and 1.871-14 of the Regulations.