Participating FFI definition

Participating FFI means an FFI that, as from the effective date of any rules requiring withholding on "passthru payments" (as such term is defined pursuant to Sections 1471 through 1474 of the Code and any regulations thereunder or official interpretations thereof), meets the requirements of Section 1471(b) of the Code and any regulations or other official guidance issued thereunder and that has not elected to be withheld upon pursuant to Section 1471(b)(3) of the Code;

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Participating FFI means a “participating FFI” as defined in US Treasury Regulations Section 1.1471-1(b)(91) (or any successor provision) or any other entity whose payments are subject to FATCA Withholding;

Participating FFI means a participating FFI as defined in U.S. Treasury Regulations section 1.1471- 1(b)(85); and

Examples of Participating FFI in a sentence

• The term Participating FFI means a Financial Institution that has agreed to comply with the requirements of an FFI Agreement, including a Financial Institution described in a Model 2 IGA that has agreed to comply with the requirements of an FFI Agreement.

• A trust established under the laws of Singapore to the extent that the trustee of the trust is a Reporting U.S. Financial Institution, Reporting Model 1 FFI, or Participating FFI and reports all information required to be reported pursuant to the Agreement with respect to all U.S. Reportable Accounts of the trust.

• Any variation, termination, appointment or change shall only take effect (other than in the case of insolvency (as provided in subclause (5)) or where the Agent is an FFI and fails to become, or ceases to be, a Participating FFI or a Registered Deemed-Compliant FFI (as provided in subclause (11), when it shall be of immediate effect) after not less than 30 nor more than 45 days' prior notice shall have been given to the Noteholders in accordance with Condition 13.

• The Agents may be removed at any time, immediately if such Agent is an FFI, and does not become, or ceases to be, a Participating FFI and with not less than 30 days' notice in all other cases, by the filing with them of an instrument in writing signed by a duly authorized officer of the Company and specifying such removal and the date upon which it is intended to become effective.

• If the Issuer does not enter into such an agreement, the Issuer may be subject to a 30% withholding tax on all, or a portion of all, payments received from U.S. sources and from Participating FFIs. In the alternative, if the Issuer does become a Participating FFI, Holders may be required to provide certain information or otherwise comply with FATCA to avoid withholding on amounts paid by the Issuer to such Holders.

More Definitions of Participating FFI

Participating FFI means a "participating foreign financial institution", a "deemed compliant FFI" or an FFI that is otherwise exempt from the requirements of FATCA, as such terms are used in FATCA; Paying Agent means the Agent and any other paying agent appointed under clause 22 (together, the Paying Agents);

Participating FFI means an FFI that, as from the effective date of any rules requiring withholding on "passthru payments" (as such term is defined pursuant to Sections 1471 through 1474 of the Code and any regulations thereunder or official interpretations thereof), meets the requirements of Section 1471(b) of the Code and any regulations or other official guidance issued thereunder and that has not elected to be withheld upon pursuant to Section 1471(b)(3) of the Code.

Participating FFI means a participating FFI as defined in U.S. Treasury Regulations section 1.1471- 1(b)(91); and “Registered Deemed-Compliant FFI” means a registered deemed-compliant FFI as described in U.S. Treasury Regulations section 1.1471-1(b)(111).

Participating FFI means an FFI that has agreed to comply with the terms of an FFI agreement for the purposes of FATCA (or is otherwise deemed to be compliant).

Participating FFI means a participating FFI as defined in U.S. Treasury Regulations section 1.1471-1(b)(91); and “Registered Deemed-Compliant FFI” means a registered deemed-compliant FFI as described in U.S. Treasury Regulations section 1.1471-1(b)(111).

Participating FFI means an FFI, or branch of an FFI, that has registered with the IRS to comply with the terms of, and to enter into, this agreement with the IRS, and to obtain a GIIN. See also the definition of reporting Model 2 FFI.

Participating FFI. ’ means an FFI that is a ‘‘participating foreign financial institution’’ as from the effective date of withholding on ‘‘passthru payments’’ (as such terms are defined pursuant to FATCA);