Entity Transferor Sample Clauses
The ENTITY TRANSFEROR clause defines the party responsible for transferring ownership or rights in a transaction, typically identifying the seller or assignor in an agreement. This clause specifies which entity is obligated to convey assets, shares, or interests to another party, and may outline the conditions or representations required for the transfer to be valid. Its core function is to clearly allocate responsibility for the transfer, ensuring all parties understand who is legally bound to complete the transaction and under what terms, thereby reducing ambiguity and potential disputes.
Entity Transferor. 1. Transferor(s) is not a foreign corporation, foreign partnership, foreign trust or foreign estate (as those terms are defined in the Internal Revenue Code and Income Tax Regulations);
2. The U.S. employer identification of the transferor(s) is ;
3. The office address is , and place of incorporation (if applicable) is
4. I, , am the of the transferor(s) and have authority to sign this document on its behalf. It is understood that this Certification may be disclosed to the Internal Revenue Service by the transferee and that any false statement made herein could be punished by fine, imprisonment or both. UNDER PENALTIES OF PERJURY, I DECLARE THAT I HAVE EXAMINED THIS CERTIFICATION AND TO THE BEST OF MY KNOWLEDGE AND BELIEF IT IS TRUE, CORRECT AND COMPLETE. Dated this . The undersigned, being one of the Grantees of that certain property known as Lot/Unit 831, Block , in the subdivision known as THE FAIRWAYS SOUTH AT LEISURE WORLD, do hereby certify, under penalties of perjury:
1. That said property is improved by a residence and we do intend to personally occupy said residence as our principal residence.
Entity Transferor. Section 1445 of the Internal Revenue Code provides that a transferee of a U.S. real property interest must withhold tax if the transferor is a foreign person. For U.S. tax purposes (including section 1445), the owner of a disregarded entity (which has legal title to a U.S. real property interest under local law) will be the transferor of the property and not the disregarded entity. To inform the transferee that withholding of tax is not required upon the disposition of a U.S. real property interest by ▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇▇, ▇▇., and ▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇, Trustees of the HAGERSTOWN NOMINEE TRUST, under Declaration of Trust dated June 30, 2003 and recorded with the Suffolk County, Massachusetts, Registry of Deeds at Book 31900, page 198 (the “Trust”), the undersigned hereby certifies the following on behalf of Transferor: