Specified US Persons Sample Clauses
The 'Specified US Persons' clause defines which individuals or entities are considered US persons for the purposes of a contract, typically in relation to tax, regulatory, or compliance obligations. This clause usually outlines criteria such as citizenship, residency, or incorporation in the United States, and may reference specific IRS definitions or FATCA requirements. Its core function is to clearly identify parties subject to US laws or reporting requirements, thereby ensuring compliance and reducing the risk of inadvertent legal or tax violations.
Specified US Persons. Specified US Person is a US Person but not falling within the category mentioned (i) a corporation the stock of which is regularly traded on one or more established securities markets;
Specified US Persons. A Specified US Person is defined as a US Person, other than: • A corporation the stock of which is regularly traded on one or more established securities markets; • Any corporation that is a member of the same expanded affiliated group, as defined in section 1471(e)(2) of the US Internal Revenue Code, as a corporation that is publicly traded (as discussed above); • The United States or any wholly owned agency or instrumentality thereof; • Any State of the United States, any USTerritory, any political subdivision of any of the foregoing, or any wholly owned agency or instrumentality of any one or more of the foregoing; • Any organization exempt from taxation under section 501(a) of the US Internal Revenue Code or an individual retirement plan as defined in section 7701(a)(37) of the US Internal Revenue Code; • Any bank as defined in section 581 of the US Internal Revenue Code; • Any real estate investment trust as defined in section 856 of the US Internal Revenue Code; • Certain regulated investment companies; • Certain any common trust funds ; • Certain trust that are exempt from tax; • A dealer in securities, commodities, or derivative financial instruments (including notional principal contracts, futures, forwards, and options) that is registered as such under the laws of the United States or any State; • A broker as defined in section 6045 (c) of the US Internal Revenue Code; • Any tax-exempt trust under plan that is described in section 403 (b) or section 457 (g) of the US Internal Revenue Code.
Specified US Persons. Specified US Person is a US Person but not falling within the category mentioned