Foreign Participant definition
Examples of Foreign Participant in a sentence
However, they are not eligible for a cash prize, and must acknowledge acceptance of this by signing and submitting a Foreign Participant Acknowledgement Form in Exhibit B.
Notwithstanding any provision of this Agreement, the Borrower shall not be required to pay any Taxes or Other Taxes pursuant to this Section 2.9 in respect of U.S. federal income taxes if the obligation to withhold with respect to such Taxes or Other Taxes results from, or would not have occurred but for, the failure of any Foreign Lender or Foreign Participant to deliver the forms described in the preceding Section 2.9 in the manner and at the times specified in such paragraphs.
A Foreign Lender or Foreign Participant shall not be required to deliver any form or statement pursuant to Section 2.9(g) that such Foreign Lender or Foreign Participant is not legally able to deliver.
In addition, each Foreign Participant shall deliver such forms promptly upon the obsolescence or invalidity of any form previously delivered by such Foreign Participant.
Each Foreign Participant shall promptly notify the Company at any time it determines that it is no longer in a position to provide any previously delivered certificate to the Company (or any other form of certification adopted by the U.S. taxing authorities for such purpose).
Notwithstanding the foregoing, any grant awarded to a Foreign Participant under the Plan, the terms of which are incorporated herein by reference, and in all respects shall be interpreted in accordance with the U.K. Sub-Plan.
Such forms shall be delivered by each Foreign Participant on or before the date it becomes a party to this Agreement, assuming its Participating Interest is properly classified as indebtedness for United States federal income tax purposes.
The Annual Earnings of a Foreign Participant, eligible to participate under Section 2.7(c) hereof, shall be recorded in U.S. Dollars.
Notwithstanding any other provision of this subsection 3.4,(e), a Foreign Participant shall not be required to deliver any form pursuant to this subsection 3.4(e) (i) that such Foreign Participant is not legally able to deliver or (ii) if the Participating Interests have been characterized as anything other than indebtedness for United States income tax purposes.