FIRPTA definition
Examples of FIRPTA in a sentence
Unless Seller is a “foreign person”, as that term is defined in Section 1445(f)(3) of the Internal Revenue Code, Seller shall deliver to the Closing Attorney at Closing a FIRPTA (Foreign Investment in Real Property Tax Act) Affidavit indicating that Seller is not a “foreign person”.
The Buyer acknowledges and agrees that, other than a deduction or withholding attributable to the failure of the Company to provide the FIRPTA Certificate described in Section 2.3(a)(iii), no withholding applies to the Closing Consideration under Chapter 3 or Chapter 4 of the Code and any and all payments of the Closing Consideration made by Buyer or its Affiliates (including any Acquired Company) shall be made without deduction or withholding for any Taxes imposed under Chapter 3 or Chapter 4 of the Code.
Buyer 244 and Seller shall comply with FIRPTA, which may require Seller to provide additional cash at Closing.
File the FIRPTA Affidavit with the United States Internal Revenue Service.
The FIRPTA Affidavit completed and executed by the authorized representative(s) of the City.