Foreign Partners Clause Samples

The FOREIGN PARTNERS clause defines the rights, responsibilities, and conditions applicable to parties from outside the country who are involved in the agreement. It typically outlines requirements such as compliance with local laws, restrictions on certain activities, or the need for specific approvals or disclosures when foreign entities participate. This clause ensures that all foreign partners are clearly aware of their obligations and helps the parties manage legal and regulatory risks associated with cross-border collaborations.
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Foreign Partners. If the Joint Venture withholds any income tax with respect to any foreign Partner pursuant to Sections 1441, 1442, 1445 or 1446 of the Code, the Joint Venture will, at its option, either (x) require the foreign Partner to repay such amount to the Joint Venture within 45 days thereafter; or (y) offset any distributions otherwise payable to the foreign Partner by the amount of such payments.
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Foreign Partners. In the event the Partnership is required to withhold taxes with respect to the Net Profits of a Partner who is a foreign person or entity, the General Partners may require an additional Capital Contribution (without adjustment to Exhibit A) of such Partner in the amount of the required withholding amount.
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Foreign Partners. (a) Notwithstanding anything to the contrary contained herein, the General Partner, on behalf of the Partnership, shall use its best efforts to conduct the affairs of the Partnership in a manner that, under laws, regulations, administrative interpretations and judicial decisions in effect from time to time, does not cause any Limited Partner (or a partner of a Limited Partner) that is not a "United States person" (as that term is defined in Section 7701 of the Code) (such Limited Partner being herein referred to as a "Foreign Partner") to recognize net income effectively connected with the "conduct of a trade or business within the United States" for purposes of Sections 871 and 881 of the Code. (b) The General Partner shall provide notice to each Foreign Partner as soon as the General Partner shall become aware of any investment or other activity of the Partnership that is reasonably likely to result in the Foreign Partner being deemed to be engaged in the "conduct of a trade or business within the United States" for purposes of Sections 871, 872, 875, 881, 882, 884 and 1446 of the Code as a result of the activities or investments of the Partnership. Unless otherwise advised by the Partnership's tax advisors, the General Partner shall cause the Partnership to file tax returns and information returns with the United States Internal Revenue Service and state and local tax authorities on the basis that the Partnership is not engaged in a trade or business for purposes of Section 875 of the Code. (c) Notwithstanding anything to the contrary contained herein, the Partnership shall not directly acquire any interest in real property located in the United States for purposes of Section 897 of the Code or in a company that is at the time of such investment a "United States real property holding corporation" (as that term is defined in Section 897(c) of the Code).
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Foreign Partners. 71 Section 14.1 Certification of Non-Foreign Status........................71 Section 14.2 Withholding of Certain Amounts Attributable to Interests of Foreign Partners........................................72 ARTICLE 15 MISCELLANEOUS...................................................72 Section 15.1 Law Governing..............................................72 Section 15.2
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Foreign Partners 
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Related to Foreign Partners

  • Foreign Person Seller is not a “foreign person” as defined in Section 1445 of the Internal Revenue Code of 1986, as amended, and the Income Tax Regulations thereunder.

  • Non-Foreign Person Seller is not a “foreign person” as defined in Section 1445 of the Internal Revenue Code, as amended (the “Code”).

  • Foreign Investors If Subscriber is not a United States person (as defined by Section 7701(a)(30) of the Internal Revenue Code of 1986, as amended), Subscriber hereby represents that it has satisfied itself as to the full observance of the laws of its jurisdiction in connection with any invitation to subscribe for the Securities or any use of this Subscription Agreement, including (i) the legal requirements within its jurisdiction for the purchase of the Securities, (ii) any foreign exchange restrictions applicable to such purchase, (iii) any governmental or other consents that may need to be obtained, and (iv) the income tax and other tax consequences, if any, that may be relevant to the purchase, holding, redemption, sale, or transfer of the Securities. Subscriber’s subscription and payment for and continued beneficial ownership of the Securities will not violate any applicable securities or other laws of the Subscriber’s jurisdiction.

  • Foreign Investor If such Investor is not a United States person, such Investor represents that it has satisfied itself as to the full observance of the laws of its jurisdiction in connection with any invitation to subscribe for the Securities or any use of this Agreement, including: (i) the legal requirements within its jurisdiction for the purchase of the Securities, (ii) any foreign exchange restrictions applicable to such purchase, (iii) any governmental or other consents that may need to be obtained, and (iv) the income tax and other tax consequences, if any, that may be relevant to the purchase, holding, redemption, sale or transfer of the Securities. The Investor further represents that its payment for, and its continued beneficial ownership of the Securities, will not violate any applicable securities or other laws of its jurisdiction.

  • No Foreign Person Borrower is not a "foreign person" within the meaning of Section 1445(f)(3) of the Internal Revenue Code of 1986, as amended and the related Treasury Department regulations, including temporary regulations.