Common use of UNITED STATES ACTIVITIES Clause in Contracts

UNITED STATES ACTIVITIES. The Issuer represents to the Issuer Security Trustee that it will not engage in any activities in the United States (directly or through agents), will not derive any income from United States sources as determined under United States income tax principles and will not hold any property if doing so would cause it to be engaged or deemed to be engaged in a trade or business within the United States as determined under United States tax principles.

UNITED STATES ACTIVITIES. The Issuer represents to the Issuer Security Trustee that it will not engage in any activities in the United States (directly or through agents), will not derive any income from United States sources as determined under United States income tax principles and will not hold any property property, if doing so would cause it to be engaged or deemed to be engaged in a trade or business within the United States as determined under United States tax principles.