U.S. firm definition

U.S. firm means a business entity other than a foreign firm.
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U.S. firm means either (1) or (2) below. (1) A private-sector for-profit legal entity or partnership organized under the laws of the United States, with its principal place of business in the United States, and which satisfies either (a) or (b) below. (a) It is more than fifty percent (50%) owned or controlled by (i) U.S. citizens, (ii) non-U.S. citizens lawfully authorized to work, or admitted for permanent residence, in the United States, or (iii) any combination of (i) and (ii) of this sentence. (b) It (i) has been organized under the laws of the United States for more than three years prior to either (x) the date on which the initial proposal in respect of the Activity is received by USTDA, or (y) the date on which the Contractor submits its bid in response to USTDA’s request for proposals in connection with the Activity, as applicable, (ii) has performed similar services in the United States for such three- year period, (iii) employs U.S. citizens in more than half of its permanent full-time positions in the U.S., and (iv) has the existing capability in the United States to perform the work in question. (2) A nonprofit organization that is organized under the laws of the United States and managed by a governing body, a majority of whose members are (i) U.S. citizens, (ii) non-U.S. citizens lawfully authorized to work, or admitted for permanent residence, in the United States, or (iii) any combination of (i) and (ii) of this sentence.
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U.S. firm means either (1) or (2) below.
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Examples of U.S. firm in a sentence

  • Seller represents that it is a US firm incorporated under US law.

  • Supplier represents and warrants that (a) it is not a representative of a foreign interest; (b) it will not employ foreign persons on the effort related to this PO; and (c) it is a U.S. firm incorporated under U.S. law.

  • A U.S. firm is defined as a company which operates as a corporation incorporated under the laws of a state within the United States.

  • The Participant acknowledges that the FCPA in general makes it a crime under United States law for a U.S. firm such as the Company knowingly to make payments to a foreign governmental official, or political party or candidate, directly or indirectly, in order to receive or retain business.

  • Any firm that does not meet the above definition of U.S. firm shall submit its prices and receive payment in local currency.

  • Contractors and their employees engaged in U.S. Government projects provided that the contractor is a U.S. firm and the employee is a U.S. citizen.

  • By executing this Agreement, each party confirms that:  ● It is a US firm incorporated under US law.

  • South Korea has also proposed building a nuclear power plant in Vietnam, for which the two countries are jointly preparing a feasibility study.20 The proposed South Korean reactors are based on designs licensed from the U.S. firm Combustion Engineering, which combined with Westinghouse in 2000.

  • All payments shall be made in Naira unless US firm and proposal prices in US dollars I.21.

  • A U.S. firm will serve as program coordinator to assist KEDO in supervising overall implementation of the LWR project, and KEDO will select the program coordinator.