FFI group Sample Clauses
The FFI Group clause defines the group of entities that are considered part of the "FFI Group" for the purposes of the agreement. Typically, this includes the main contracting party and its affiliates, subsidiaries, or related companies as specified in the contract. For example, if FFI is a parent company, the clause may extend certain rights, obligations, or protections to its wholly owned subsidiaries. The core function of this clause is to clarify exactly which entities are covered by the agreement, ensuring that all relevant parties are included and reducing ambiguity about the scope of contractual rights and responsibilities.
FFI group. “FFI group” means an expanded affiliated group (as defined in
FFI group. Expiration, Modification, Termination, Default, and Renewal of this Agreement.
FFI group. (A) In General. Each FFI that is a member of an FFI group must have the chapter 4 status of a participating FFI, deemed-compliant FFI, exempt beneficial owner, or limited FFI as a condition for any member of such FFI group obtaining chapter 4 status as a participating FFI, registered deemed-compliant FFI, or limited FFI. In addition, the participating FFI and each FFI (other than a certified deemed-complaint FFI or exempt beneficial owner) that is a member of the participating FFI’s FFI group must comply with the requirements of a participating FFI, registered deemed-compliant FFI, or limited FFI as a condition for the participating FFI maintaining its chapter 4 status as a participating FFI. If the participating FFI is a member of an FFI group, the
(B) Special Rule for a Reporting Model 2