Portfolio Interest Exemption definition

Portfolio Interest Exemption has the meaning specified in Section 3.01(e)(B)(iii).

Portfolio Interest Exemption as defined in Section 3.10.

Portfolio Interest Exemption as defined in Section 2.19(d).

Examples of Portfolio Interest Exemption in a sentence

• Prior to becoming a Lender under this Agreement and within 15 days after a reasonable written request of Borrower or Administrative Agent from time to time thereafter, each Foreign Lender that becomes a Lender under this Agreement shall provide a Certificate of Exemption (and a Portfolio Interest Exemption Certificate, if applicable) or a Letter of Non-Exemption to Borrower and Administrative Agent.

• In the case of a Foreign Lender (and, as applicable, such Foreign Lender's beneficial owners) that delivers a Portfolio Interest Exemption Certificate, such Foreign Lender (and, as applicable, its beneficial owners) shall deliver such certificate and other forms as reasonably requested by the Borrower on a biannual basis.

• Portfolio Interest Exemption: Portfolio interest is exempt from the U.S. withholding tax.

• The Code provides an exemption (the "Portfolio Interest Exemption") from such withholding tax for interest paid with respect to certain debt obligations issued after 18 July 1984, unless the interest constitutes a certain type of contingent interest or is paid to a 10 per cent.

• The undersigned has furnished the Administrative Agent and the Borrower with IRS Form W-8IMY accompanied by one of the following forms from each of its partners/members that is claiming the Portfolio Interest Exemption: (i) an IRS Form W-8BEN or Form W-8BEN-E, as applicable, or (ii) an IRS Form W‑8IMY accompanied by an IRS Form W-8BEN or Form W-8BEN-E, as applicable, from each of such partner’s/member’s beneficial owners that is claiming the Portfolio Interest Exemption.

More Definitions of Portfolio Interest Exemption

Portfolio Interest Exemption shall have the meaning set forth in Section 2.16(g)(iv).

Portfolio Interest Exemption means the exemption from U.S. tax under Section 871(h) or Section 881(c) of the Internal Revenue Code.

Portfolio Interest Exemption means an exemption from U.S. tax for certain “portfolio interest” under the U.S. Tax Code.

Portfolio Interest Exemption shall also furnish a United States Tax Compliance Certificate to the effect that such Lender is not a “bank” within the meaning of Section 881(c)(3)(A) of the Tax Code, a “10 percent shareholder” of Borrower within the meaning of Section 871(h)(3)(B) of the Tax Code, or a “controlled foreign corporation” related to Parent Borrower as described in Section 881(c)(3)(C) of the Tax Code, together with a Form W-8BEN (or W-8BEN-E or successor form). Notwithstanding any other provision of this Section 2.20(d), a Foreign Lender shall not be required to deliver any form pursuant to this Section 2.20(d) that such Foreign Lender is not legally able to deliver.

Portfolio Interest Exemption as defined in Section 3.10. NYDOCS02/1101669.11101669.12 [NEWYORK 3267283_1] -32-

Portfolio Interest Exemption as defined in Section 4.10(e). “Pound Sterling”: the lawful currency of the United Kingdom. “primary obligations”: as defined in the definition of “Guarantee Obligation”. “primary obligor”: as defined in the definition of “Guarantee Obligation”. “Prime Rate”: the rate of interest per annum determined from time to time by Xxxxx Fargo as its prime rate in effect at its principal office in New York City and notified to the Borrower, which rate is determined in good faith and applies generally to similarly situated borrowers. The prime rate is a rate set by Xxxxx Fargo based upon various factors including Xxxxx Fargo’s costs and desired return, general economic conditions and other factors, and is used as a reference point for pricing some loans, which may be priced at, above, or below such rate. “Projections”: as defined in Section 7.2(b). “Properties”: as defined in Section 5.17(a). “Property”: any right or interest in or to property of any kind whatsoever, whether real, personal or mixed and whether tangible or intangible, including, without limitation, Capital Stock. “PTE”: a prohibited transaction class exemption issued by the U.S. Department of Labor, as any such exemption may be amended from time to time. 26

Portfolio Interest Exemption as defined in Section 4.10(e). “Pound Sterling”: the lawful currency of the United Kingdom. “primary obligations”: as defined in the definition of “Guarantee Obligation”. “primary obligor”: as defined in the definition of “Guarantee Obligation”. 28