Foreign Entity Sample Clauses
A Foreign Entity clause defines and regulates the involvement of organizations or individuals that are incorporated, registered, or otherwise based outside the jurisdiction governing the contract. This clause typically outlines the requirements for foreign entities to participate in contractual relationships, such as compliance with local laws, tax obligations, or disclosure of relevant information. Its core function is to ensure that all parties are aware of and address the legal and regulatory implications of dealing with foreign entities, thereby reducing risks related to jurisdictional issues and compliance.
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Foreign Entity. Seller is not a foreign person or entity under the Foreign Investment in Real Property Tax Act of 1980, as amended, and no taxes or withholding under the such act shall be assessed against or imposed upon Purchaser in connection with the transaction contemplated by this Agreement. Seller acknowledges and agrees that the warranties and representations set forth above shall survive the Closing for a period of six (6) months. If, prior to Closing, Purchaser receives written notice from Seller that any material representation or warranty of Seller is untrue and cannot be remedied, or Purchaser becomes aware that any material representation or warranty of Seller is untrue and can not be remedied, Purchaser shall, as Purchaser's sole and exclusive remedy, be entitled to terminate this Agreement by written notice delivered to Seller on or before the Closing, in which event, the Deposit shall be refunded to Purchaser, and, except for the terms and provisions of this Agreement which specifically survive the termination of this Agreement, the parties shall have no further obligations hereunder. If Purchaser is so advised and Purchaser fails to terminate this Agreement within such period, Purchaser shall be deemed to have waived the breach of such representation or warranty and shall have no further rights or remedies as a result of the breach of such representation or warranty. Seller does not, by this Agreement, represent or warrant that there will be no changes in any of the matters referred to in Seller's representations or warranties after the date same are made through the acts and/or omissions of persons other than Seller, and shall have no liability or responsibility in the event that any representation or warranty becomes false or misleading as a result of any change in circumstances after the date such representations or warranties are made.
Foreign Entity. Seller is not a “foreign person” as such phrase is defined in Section 1445 of the United States Internal Revenue Code. E.
Foreign Entity. Borrower is not a "foreign corporation," "foreign trust," "foreign estate," or other "foreign person," as those terms are defined in the Code and related income tax regulations.
Foreign Entity. Seller is not a "foreign person" within the meaning of the Internal Revenue Code of 1954, as amended (hereinafter called the "Code"), Sections 1445 and 7701 (i.
Foreign Entity. It is not a foreign entity, foreign corporation, foreign partnership, foreign trust or foreign estate (as those terms are defined in the Code and regulations promulgated thereunder).
Foreign Entity. 8 Generally Accepted Accounting Principles or GAAP........... 8
Foreign Entity. Buyer is not a foreign entity, foreign corporation, foreign partnership, foreign trust or foreign estate (as those terms are defined in the Code and the regulations promulgated thereunder).
Foreign Entity. Seller is not a foreign person or entity under the Foreign Investment in Real Property Tax Act of 1980, as amended, and no taxes or withholding under such act shall be assessed against or imposed upon Purchaser in connection with the transaction contemplated by this Agreement;
Foreign Entity. Any Person which is organized under the laws of a jurisdiction other than the United States of America and the states (or the District of Columbia) thereof.