Permitted U.S. Persons definition
Permitted U.S. Persons means U.S. Persons who are “accredited investors” as defined in Regulation D of the United States Securities Act of 1933, as amended and “qualified purchasers”, as defined in section 2(a)(51) of the U.S. Investment Company Act of 1940, as amended and either (i) a U.S. pension and profit sharing trusts, charities and any other entity organised under the laws of the United States that is generally exempt from Federal income taxation, or (ii) any other U.S. entity which is approved by the Board of Directors and which does not require any U.S. income tax information reporting or compliance with the United States Employee Retirement Income Security Act of 1974, as amended. Currently, the Directors intend to limit investment by Permitted U.S. Persons to 25% of the Net Asset Value of the Fund. The Applicant’s attention is drawn to the information set out in Schedule 2 relating to wire transfers to and from the Fund. The Applicant’s initial and additional subscriptions will be delivered from and redemption proceeds should be delivered to the following account: Bank: Address: Account Name: Account Number: IBAN or ABA (US) Number: SWIFT / CHIPS (US) Number: BIC Number:
Permitted U.S. Persons means (i) U.S. pension and profit sharing trusts, charities and any other entity organized under the laws of the United States that is generally exempt from Federal income taxation, or (ii) any other U.S. entity which is approved by the Board of Directors and which does not require any U.S. income tax information reporting or compliance with the United
Permitted U.S. Persons means (i) US pension and profit sharing trusts, charities and any other entity organized under the laws of the United States that is generally exempt from Federal income taxation, or (ii) any other US entity which is approved by the Board of Directors and which does not require any US income tax information reporting or compliance with the United States Employee Retirement Income Security Act of 1974, as amended. Currently, the Directors intend to limit investment by Permitted U.S. Persons to 25% of the Net Asset Value of the Fund.
Examples of Permitted U.S. Persons in a sentence
In the subscription agreement for U.S. Persons, U.S. Persons will be asked to represent that they satisfy the Permitted U.S. Persons criteria.
The Company, however, reserves the right to make a private placement of its Shares to a limited number or category of U.S. Persons namely Permitted U.S. Persons.
The Company, however, reserves the right to make a private placement of its Shares to a limited number or category of Permitted U.S. Persons.
Except with respect to Permitted U.S. Persons, the Shares may not be offered, sold, transferred or delivered directly or indirectly in the United States or to any U.S. Person.