Portfolio Investment Entity definition

Portfolio Investment Entity or “PIE” means a company, superannuation fund, unit trust, or group investment fund registered with Inland Revenue to allow tax on investment income at the PIR of its investors, rather than at its own tax rate. PIEs also have different rules about what is, and isn’t, taxable.
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Portfolio Investment Entity means a Person in which Borrower has a direct ownership interest and which directly or indirectly holds interests in real property.
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Portfolio Investment Entity means an entity that does not hold any non-portfolio property.
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Examples of Portfolio Investment Entity in a sentence

  • We are a Portfolio Investment Entity (PIE), which means that investors pay tax based on their individual Prescribed Investor Rate (PIR).

  • The PIE Fund as a Unit Trust elected to become a Portfolio Investment Entity (PIE) from the commencement date of the Fund.

  • Investors should also periodically monitor the tax implications of investing in the Scheme and should not assume that the position will remain the same as it is when they start investing.Neither of the Supervisor or ourselves accepts any responsibility for the taxation consequences of a member’s investment in the Scheme.The Scheme is registered as a Portfolio Investment Entity (‘PIE’).

  • The Macquarie Investment Funds Scheme is a Portfolio Investment Entity (PIE).The amount of tax you pay in respect of a PIE is based on your Prescribed Investor Rate (PIR).

  • There will be no material changes in the economic environment, legal requirements or the current tax regulations and the Company qualifies as a Portfolio Investment Entity (“PIE”).

  • See Section 2 “How does this investment work?” for more information How will your investment be taxed?The Plan is a Portfolio Investment Entity (‘PIE’).The amount of tax you pay in respect of a PIE is based on your prescribed investor rate (‘PIR’).

  • Tax The Scheme is a Portfolio Investment Entity (‘PIE’) that is a multi-rate PIE in terms of the Income Tax Act 2007.

  • How will your investment be taxed?2The Plan is a Portfolio Investment Entity (‘PIE’).

  • The Fund is domiciled in New Zealand and is registered as a Portfolio Investment Entity (‘PIE’).

  • All required entity actions and proceedings have been duly taken with respect to Borrower and the General Partner and each Portfolio Investment Entity, so as to authorize the execution, delivery and performance by Borrower of the Credit Documents to which it is a party.


More Definitions of Portfolio Investment Entity

Portfolio Investment Entity means a corporation or trust that earned not less than 90% of its revenue from Portfolio Investments for the fiscal period of the entity with an end date within a Reference Year;
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Portfolio Investment Entity at any time means an entity that does not at that time hold any non- portfolio property.
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Portfolio Investment Entity means "portfolio investment entity" as defined in the Tax Act;
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Portfolio Investment Entity means a Person in which Borrower has a direct ownership interest and which directly or indirectly holds interests in real property; provided, however, that the term “Portfolio Investment Entity” shall not include either Hxxxx REIT 1515 S Street LP or Hxxxx REIT 1000 X Xxxxxx XX LLC. Prime Rate means the per annum rate of interest so designated from time to time by KeyBank National Association as its prime rate. The Prime Rate is a reference rate and does not necessarily represent the lowest or best rate being charged to any customer. Register as defined in Section 11.15.3. Regulation D, G, T, U or X means, respectively, Regulation D, G, T, U and X of the Board of Governors of the Federal Reserve System as from time to time in effect and any successor to all or a portion thereof. REIT means a “real estate investment trust”, as such term is defined in Section 856 of the Code. Reportable Event as defined in Section 6.8. Required Lenders means, at any time, Lenders which are then in compliance with their obligations hereunder (as determined by the Administrative Agent) and holding in the aggregate at least sixty-six and two thirds percent (66 2/3%) of (i) the Commitments (and participation interests therein) or (ii) if the Commitments have been terminated, the outstanding Loans and participation interests therein. Required Reduction shall have the meaning set forth in Section 3.2(g). Reserve Percentage shall have the meaning set forth within the definition of LIBOR Rate. Security Documents shall mean, collectively, the Pledge Agreement and the related UCC-1 Financing Statements. Senior Agent shall have the meaning set forth in Section 7.5. Senior Credit Facility shall have the meaning set forth in Section 7.5. Senior Credit Lenders shall have the meaning set forth in Section 7.5. Senior Security Interest shall have the meaning set forth in Section 7.5.
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Portfolio Investment Entity means a portfolio investment entity as defined in section YA 1 of the Tax Act;
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Portfolio Investment Entity means a portfolio investment entity under section YA 1 of the Income Tax Act 2007.
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Related to Portfolio Investment Entity

  • Portfolio Investment means any Investment held by the Borrower and its Subsidiaries in their asset portfolio.

  • Portfolio Asset means an asset of an investment fund;

  • Investment Entity means any Entity that conducts as a business (or is managed by an entity that conducts as a business) one or more of the following activities or operations for or on behalf of a customer: (1) trading in money market instruments (cheques, bills, certificates of deposit, derivatives, etc.); foreign exchange; exchange, interest rate and index instruments; transferable securities; or commodity futures trading; (2) individual and collective portfolio management; or (3) otherwise investing, administering, or managing funds or money on behalf of other persons. This subparagraph 1(j) shall be interpreted in a manner consistent with similar language set forth in the definition of “financial institution” in the Financial Action Task Force Recommendations.

  • Investment Portfolio means invested assets (including cash and cash equivalents, short-term investments, bonds or other fixed income securities and equity investments).

  • Securitization Assets means the accounts receivable, royalty and other similar rights to payment and any other assets related thereto subject to a Qualified Securitization Facility that are customarily sold or pledged in connection with securitization transactions and the proceeds thereof.

  • Qualified Securitization Transaction means any transaction or series of transactions that may be entered into by the Company or any of its Restricted Subsidiaries pursuant to which the Company or any of its Subsidiaries may sell, convey or otherwise transfer to:

  • Eligible Investment means any investment that at the time of its acquisition is one or more of the following:

  • Investment pool means an entity created under the Texas Gov- ernment Code to invest public funds jointly on behalf of the entities that participate in the pool and whose investment objectives in or- der of priority are preservation and safety of principal, liquidity, and yield.

  • Qualified portfolio company means a company that (i) has its principal place of business in the

  • Co-Investment Transaction means any transaction in which a Regulated Fund (or its Wholly-Owned Investment Sub (defined below)) participated together with one or more Affiliated Funds and/or one or more other Regulated Funds in reliance on the Order.

  • Receivables Entity means (x) the Excluded Subsidiary and (y) each other wholly-owned Subsidiary of the Borrower which engages in no activities other than in connection with the financing of accounts receivable of the Receivables Sellers and which is designated (as provided below) as the “Receivables Entity” (a) no portion of the Indebtedness or any other obligations (contingent or otherwise) of which (i) is guaranteed by the Borrower or any other Subsidiary of the Borrower (excluding guarantees of obligations (other than the principal of, and interest on, Indebtedness) pursuant to Standard Securitization Undertakings), (ii) is recourse to or obligates the Borrower or any other Subsidiary of the Borrower in any way (other than pursuant to Standard Securitization Undertakings) or (iii) subjects any property or asset of the Borrower or any other Subsidiary of the Borrower, directly or indirectly, contingently or otherwise, to the satisfaction thereof (other than pursuant to Standard Securitization Undertakings), (b) with which neither the Borrower nor any of its Subsidiaries has any contract, agreement, arrangement or understanding (other than pursuant to the Permitted Receivables Facility Documents (including with respect to fees payable in the ordinary course of business in connection with the servicing of accounts receivable and related assets)) on terms less favorable to the Borrower or such Subsidiary than those that might be obtained at the time from persons that are not Affiliates of the Borrower, and (c) to which neither the Borrower nor any other Subsidiary of the Borrower has any obligation to maintain or preserve such entity’s financial condition or cause such entity to achieve certain levels of operating results. Any such designation shall be evidenced to the Administrative Agent by filing with the Administrative Agent an officer’s certificate of the Borrower certifying that, to the best of such officer’s knowledge and belief after consultation with counsel, such designation complied with the foregoing conditions.