NQI definition

NQI has the meaning set forth in §1.1471-1(b)(85).
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NQI means nonqualified intermediary that is not a US person and not a Qualified Intermediary, or a qualified intermediary that is not acting in its capacity as a qualified intermediary with respect to a payment.
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NQI means an entity deemed to be a Non – Qualified Intermediary (an NQI for CDS purposes) that:
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Examples of NQI in a sentence

  • If QI has an account holder that is another intermediary (whether a QI, NQI, or PAI) or a flow-through entity, QI may combine the account holder information provided by the intermediary or flow-through entity with QI's direct account holder information to determine the amounts allocable to each of QI's chapter 4 withholding rate pools described in this section 6.03(B).

  • Although comments noted potential inconvenience with having two types of types of reporting (QI and NQI) in a single year, this inconvenience is outweighed by the potential for underwithholding and misreporting for the period during which the entity was not yet approved for QI status.

  • A par- ticipating FFI that is an NQI, NWP, NWT, or that is a QI that elects under section 1471(b)(3) not to assume with- holding responsibility for a payment and that provides its withholding agent with the information necessary to allo- cate all or a portion of the payment to each payee as part of a withholding certificate described in § 1.1471– 3(c)(3)(iii) will generally not be re- quired to withhold under paragraph (b)(1) of this section.

  • See § 1.1471– 2(a)(2)(ii), however, for the cir- cumstances under which a partici- pating FFI that is an NQI, NWP, or NWT has a residual withholding re- sponsibility.

  • B.6.5.2.2 These external audits shall be conducted by an independent auditor certified by a known auditor registration body such as International Register for Certificated Auditors (IRCA), Registrar Accreditation Board (RAB), National Quality Institute (NQI) or other equivalent body.

  • The aggregate of 25,000,000 shares owned by the NQI as set forth in Exhibit A, represents all of the issued and outstanding stock of NQI.

  • Neither the list of assets nor any certificate furnished to by NQI contains or at Closing will contain any untrue statement of a material fact or omit to state any material fact necessary to make the statements therein not misleading, NQI has informed IMT of all such facts as would be relevant to ac prudent purchaser's determination in making an investment in or acquiring the business of NQI.

  • The nature of the business now conducted by NQI, the character of the property owned by it, or any other state of facts does not require NQI to be qualified to do business as a foreign corporation in jurisdiction except California.

  • In addition, NQI have received the Form 10Q for the quarters dated March, June and September, 1995 and March and June, 1996.

  • The following NQI Gross Sales amounts and the dates by which these Gross Sales are to be achieved for the purpose of the Employment Agreement shall be referred to as the Performance Criteria.

Related to NQI

  • SI means the abbreviation for the International System of Units.

  • Marihuana means that term as defined in section 7106 of the public health code, 1978 PA 368, MCL 333.7106.

  • PMU means the Project Management Unit established in accordance with paragraph 3 of Schedule 5 to this Loan Agreement;

  • Industrial park means an area in a blighted or conservation area suitable for use by any manufacturing, industrial, research or transportation enterprise, of facilities to include but not be limited to factories, mills, processing plants, assembly plants, packing plants, fabricating plants, industrial distribution centers, warehouses, repair overhaul or service facilities, freight terminals, research facilities, test facilities or railroad facilities.

  • CJA means the Courts of Justice Act, RSO 1990, c C-43, as amended;