Common use of Passive NFFE Clause in Contracts

Passive NFFE. A “Passive NFFE” means any NFFE that is not an Active NFFE.

Appears in 36 contracts

Sources: Intergovernmental Agreement to Improve Tax Compliance and Implement Fatca, International Tax Compliance Agreement, International Tax Compliance Agreement

Passive NFFE. A “Passive NFFE” means any an NFFE that is not other than an Active excepted NFFE (or, in the case of a reporting Model 2 FFI, other than an active NFFE).

Appears in 4 contracts

Sources: Ffi Agreement, Ffi Agreement, Ffi Agreement for Participating Ffi and Reporting Model 2 Ffi

Passive NFFE. A “Passive NFFE” means any NFFE that is not (i) an Active NFFE., or

Appears in 1 contract

Sources: Foreign Account Tax Compliance Agreement