Common use of Foreign Ownership Clause in Contracts

Foreign Ownership. Seller is not a “foreign person” as that term is defined in the U.S. Internal Revenue Code of 1986, as amended, and the regulations promulgated pursuant thereto, and Buyer has no obligation under Section 1445 of the U.S. Internal Revenue Code of 1986, as amended, to withhold and pay over to the U.S. Internal Revenue Service any part of the “amount realized” by Seller in the transaction contemplated hereby (as such term is defined in the regulations issued under said Section 1445).

Appears in 166 contracts

Sources: Commercial Real Estate Purchase Agreement, Commercial Real Estate Purchase Agreement, Commercial Real Estate Purchase Agreement

Foreign Ownership. The Seller is not a “foreign person” as that term is defined in the U.S. Internal Revenue Code of 1986, as amended, and the regulations promulgated pursuant thereto, and the Buyer has no obligation under Section 1445 of the U.S. Internal Revenue Code of 1986, as amended, to withhold and pay over to the U.S. Internal Revenue Service any part of the “amount realized” by the Seller in the transaction contemplated hereby (as such term is defined in the regulations issued under said Section 1445).

Appears in 2 contracts

Sources: Commercial Real Estate Purchase Agreement, Commercial Real Estate Purchase Agreement

Foreign Ownership. Seller is not a “foreign person” as that term is defined in the U.S. Internal Revenue Code of 1986, as amended, and the regulations promulgated pursuant thereto, and Buyer has no obligation under Section 1445 of the U.S. Internal Inter- nal Revenue Code of 1986, as amended, to withhold and pay over to the U.S. Internal Inter- nal Revenue Service any part of the “amount realized” by Seller in the transaction contemplated hereby (as such term is defined in the regulations issued under said Section 1445).

Appears in 1 contract

Sources: Commercial Real Estate Purchase Agreement

Foreign Ownership. Seller is not a "foreign person" as that term is defined in the U.S. U. S. Internal Revenue Code of 1986of1986, as amended, and the regulations promulgated pursuant thereto, and Buyer Purchaser has no obligation under Section 1445 of the U.S. U. S. Internal Revenue Code of 1986, as amended, to withhold and pay over to the U.S. U. S. Internal Revenue Service any part of the "amount realized" by Seller in the transaction contemplated hereby (as such term is defined in the regulations issued under said Section 1445).

Appears in 1 contract

Sources: Commercial Purchase Agreement

Foreign Ownership. Seller is not a “foreign person” as that term is defined in the U.S. Internal Revenue Code of 1986, as amended, and the regulations promulgated pursuant thereto, and Buyer has no obligation under Section 1445 of the U.S. Internal Revenue Code of 1986, as amended, to withhold and pay over to the U.S. Internal Revenue Service any part of the “amount realized” by Seller in the transaction contemplated con- templated hereby (as such term is defined in the regulations issued under said Section 1445).

Appears in 1 contract

Sources: Real Estate Purchase Agreement

Foreign Ownership. Seller is not a "foreign person" as that term is defined in the U.S. Internal Revenue Code of 1986, as amended, and the regulations promulgated pursuant thereto, and Buyer has no obligation under Section 1445 of the U.S. Internal Revenue Code of 1986, as amended, to withhold and pay over to the U.S. Internal Revenue Service any part of the "amount realized" by Seller in the transaction contemplated hereby (as such term is defined in the regulations issued under said Section 1445).

Appears in 1 contract

Sources: Commercial Real Estate Purchase Agreement

Foreign Ownership. Seller is not a "foreign person" as that term is defined in the U.S. Internal Revenue Code of 1986, as amended, and the regulations regulahons promulgated pursuant thereto, and Buyer has no obligation under Section 1445 of the U.S. U;S. Internal Revenue Code of 1986, as amended, to withhold and pay over to the U.S. U. S. Internal Revenue Service any part of the "amount realized" by Seller in the transaction contemplated hereby (as such term is defined in the regulations issued under said Section 1445).

Appears in 1 contract

Sources: Agreement to Sell and Purchase Real Estate (National Home Centers Inc)

Foreign Ownership. Seller is not a "foreign person" as that term is defined in the U.S. U. S. Internal Revenue Code of 1986, as amended, and the regulations promulgated pursuant thereto, and Buyer has no obligation under Section 1445 of the U.S. U. S. Internal Revenue Code of 1986, as amended, to withhold and pay over to the U.S. U. S. Internal Revenue Service any part of the "amount realized" by Seller in the transaction contemplated hereby (as such term is defined in the regulations issued under said Section 1445).

Appears in 1 contract

Sources: Agreement to Sell and Purchase Real Estate (Acadia Realty Trust)