Foreign Shareholders. Taxation of a shareholder who under United States law is a nonresident alien individual, foreign trust or estate, foreign corporation, or foreign partnership depends on whether the shareholder's income from the Fund is effectively connected with a U.S. trade or business carried on by such shareholder. If the income from the Fund is not effectively connected with a U.S. trade or business carried on by a foreign shareholder, ordinary income dividends paid to such foreign shareholder will be subject to U.S. withholding tax. The rate of the tax depends on a number of factors. If the income from the Fund is effectively connected with a U.S. trade or business carried on by a foreign shareholder, then ordinary income dividends, capital gain dividends, and any gains realized upon the sale of shares of the Fund will be subject to U.S. federal income tax at the rates applicable to U.S. citizens or domestic corporations. In the case of a foreign non-corporate shareholder, the Fund may be required to withhold U.S. federal income tax at a rate of 31% on distributions that are otherwise exempt from withholding tax (or taxable at a reduced treaty rate) unless the shareholder furnishes the Fund with proper notification of their foreign status. The tax consequences to a foreign shareholder entitled to claim the benefits of an applicable tax treaty may be different from those described herein. Foreign shareholders are urged to consult their own tax advisers with respect to the particular tax consequences to them of an investment in the Fund, including the applicability of foreign taxes. Dividend Reinvestment in Another Fund. Shareholders of the Fund may elect to reinvest all dividends and/or capital gains distributions in shares of the same class of any of the other Xxxxxxxxxxx funds listed above. Reinvestment will be made without sales charge at the net asset value per share in effect at the close of business on the payable date of the dividend or distribution. To elect this option, the shareholder must notify the Transfer Agent in writing and must have an existing account in the fund selected for reinvestment. Otherwise the shareholder first must obtain a prospectus for that fund and an application from the Distributor to establish an account. Dividends and/or distributions from shares of certain other Xxxxxxxxxxx funds (other than Xxxxxxxxxxx Cash Reserves) may be invested in shares of this Fund on the same basis. Additional Information About the Fund The Distributor. Th...
Foreign Shareholders. The Subscription Agent shall not mail --------------------- Rights Certificates to holders of Shares whose addresses are outside the United States, Mexico and the province of Ontario, Canada. The Subscription Agent shall hold such Rights Certificates for the account of such holders and upon notice from such holders shall sell the Rights, if feasible, on their behalf. If no instructions have been received prior to 10:00 a.m., Eastern Daylight Time, on the fifth business day immediately preceding the Expiration Date, the Subscription Agent shall sell such Rights, if feasible, and shall remit the net proceeds, if any, to such holders promptly following the Expiration Date. If such Rights can be sold, sales of such Rights will be deemed to have been effected at the weighted-average price received by the Subscription Agent for the sale of all Rights sold by the Subscription Agent on that day pursuant to this Section 11, less any applicable brokerage commissions, taxes and other expenses, provided that ATLANTIC shall pay the fees of the Subscription Agent in respect of such sales. In connection therewith, the Subscription Agent agrees that it (a) is acting solely on behalf and for the benefit of such holders who wish to sell their Rights and not as agent, or on behalf, of ATLANTIC, (b) shall not accept any instructions from ATLANTIC with respect to the timing of such sales, (c) shall effect all such sales in accordance with applicable law and (d) shall not effect any such sales in a manner that would cause a material adverse change in the market for the Rights.
Foreign Shareholders. For practical reasons and in order to avoid any violation of the relevant legislation applicable in countries other than in Singapore, the Warrants will NOT be offered or credited or allotted (as the case may be) to Shareholders with registered addresses outside Singapore as at the Books Closure Date and who have not, at least three (3) market days prior thereto, provided to the Company or CDP, as the case may be, addresses in Singapore for the service of notices and documents (“Foreign Shareholders”). The Warrants which would otherwise be allotted to Foreign Shareholders will, if practicable, be sold on the Mainboard and the net proceeds from all such sales, after deduction of all expenses therefrom, will be pooled and thereafter distributed to Foreign Shareholders in proportion to the respective shareholdings or, as the case may be, the number of Shares entered against their names in the Depository Register or the Register of Members (as the case may be) as at the Books Closure Date and sent to them at their own risk by ordinary post. If the amount of net proceeds distributable to any single Foreign Shareholder is less than S$10.00, such amount will be retained for the sole benefit of the Company or otherwise dealt with as the Directors may, in their absolute discretion, deem fit and no Foreign Shareholders shall have any claim whatsoever against the Company or CDP or the Directors or share registrar of the SGX-ST and their respective officers in respect of such sales or the proceeds thereof, of such entitlements to the Warrants. Where such Warrants are sold on the Mainboard, they will be sold at any such price or prices as the Company, may in its absolute discretion, decide and deem fit and no Foreign Shareholder shall have any claim whatsoever against the Company or CDP or the Directors or share registrar of the SGX-ST and their respective officers in respect of such sales.
Foreign Shareholders. Each Shareholder hereby represents that he, she or it has satisfied itself as to the full observance of the laws of its jurisdiction in connection with the transactions contemplated by this Agreement, including (a) the legal requirements within its jurisdiction for the acquisition of the Consideration Shares, (b) any foreign exchange restrictions applicable to such acquisition, (c) any governmental or other consents that may need to be obtained, and (d) the income tax and other tax consequences, if any, that may be relevant to the acquisition, holding, redemption, sale, or transfer of the Consideration Shares or Contribution Shares, as applicable. Such Shareholder’s exchange for, and continued beneficial ownership of, the Consideration Shares will not violate any applicable securities or other laws of such Shareholder’s jurisdiction.
Foreign Shareholders. Con Xxxxxx will withhold United States federal income tax at a rate of 30% from gross proceeds paid pursuant to the Offer to foreign shareholders, unless Con Xxxxxx determines that a reduced rate of withholding is applicable pursuant to a tax treaty or that an exemption from withholding is applicable because such gross proceeds are effectively connected with the conduct of a trade or business by the foreign shareholder within the United States. In order to claim an exemption from withholding on the ground that gross proceeds paid pursuant to the Offer are effectively connected with the conduct of a trade or business by a foreign shareholder within the United States, the shareholder must deliver to the Depositary a properly executed Internal Revenue Service Form 4224. A foreign shareholder may be eligible to file for a refund of such tax or a portion of such tax if such shareholder (i) meets the "complete redemption" or "not essentially equivalent to a dividend" tests described above, (ii) is entitled to a reduced rate of withholding pursuant to a treaty and Con Edison withheld at a higher rate, or (iii) is otherwise able to establish that no tax or a reduced amount of tax was due.
Foreign Shareholders. (a) A Holder of Warrants that requests that the Warrant Shares be issued in the name of a natural person who is not a citizen of Thailand or is a company the majority of whose share capital is owned by Persons who are not citizens of Thailand or is any other legal or natural person not entitled under prevailing Thai laws and regulations to acquire Ordinary Shares on the same basis as natural persons who are citizens of Thailand (together, "non-Thai persons") may, but need not, also designate a Person who is not a non-Thai person (the "Designated Purchaser") to whom some or all of the Holder's entitlement to Warrant Shares can be transferred (for such consideration as may be agreed between the transferor and the Designated Purchaser) and to whom the relevant Warrant Shares may be issued in the circumstances set out below.
Foreign Shareholders. (a) Each Foreign Shareholder is outside the United States and is not a “U.S. Person” as such term is defined in Regulation S (the definition of which includes, but is not limited to, an individual resident in the United States, any partnership or corporation organized or incorporated under the laws of the United States and certain partnerships or corporations organized or incorporated under the laws of any non-United States jurisdiction formed by a U.S. Person for the purpose of investing in securities not registered under the Securities Act);
Foreign Shareholders. Generally, the Depositary will withhold United States federal income tax at a rate of 30% from the gross proceeds paid pursuant to the Offer to a foreign shareholder (as defined in Section 3) or his agent, unless the Depositary determines that an exemption from, or a reduced rate of, withholding tax is available pursuant to a tax treaty or that an exemption from withholding otherwise applies. See Section 3 for a discussion of the applicable U.S. withholding rules and the potential for being subject to reduced withholding and for obtaining a refund of all or a portion of any tax withheld.
Foreign Shareholders. 3.1 The Company shall procure that Application Forms are not sent to Prohibited Shareholders. Copies of the Circular and Proxy Form will however be posted to Prohibited Shareholders, for information only.
Foreign Shareholders. SEVENTEENTH. — Any foreigner who upon the incorporation of the corporation or at any time thereafter acquires an equity interest or participation in the corporation shall thereby be considered a Mexican (National of the United Mexican States) as regards such interest or participation and it shall be understood that such foreigner agrees not to invoke the protection of his government under penalty in case of failure to comply with this agreement, of the forfeit of such interest or participation to the Mexican Nation. CHAPTER VIII
