Non-Foreign Entity Clause Samples
The Non-Foreign Entity clause establishes that a party to the agreement is not considered a foreign person or entity under applicable tax laws, typically for the purposes of U.S. tax regulations. In practice, this clause often requires the party to provide documentation, such as a completed IRS Form W-9, to certify their status as a U.S. person or entity. Its core function is to ensure compliance with tax withholding requirements and to prevent unnecessary withholding or reporting obligations that would apply if the party were classified as foreign.
POPULAR SAMPLE Copied 1 times
Non-Foreign Entity. Seller is not a "foreign person" within the meaning of Section 1445(f)(3) of the Internal Revenue Code.
Non-Foreign Entity. Seller is not a “foreign person” or “foreign corporation” as those terms are defined in the Internal Revenue Code of 1986, as amended, and the regulations promulgated thereunder.
Non-Foreign Entity. Seller is not a non-resident alien, foreign corporation, foreign partnership, foreign trust, or foreign estate for purposes of U.S. income taxation.
Non-Foreign Entity. Contributor is not a “foreign person” or pursuant to Section 1445 of the Code and the regulations promulgated thereunder.
Non-Foreign Entity. Seller is not a “foreign person” or “foreign corporation” as those terms are defined in the Code and the regulations promulgated thereunder.
Non-Foreign Entity. Seller shall execute and deliver to Buyer at Closing an affidavit as required by Internal Revenue Code Section 1445(b)
Non-Foreign Entity. Harsimus is not a “foreign person” (within the meaning of Section 1445(f)(3) of the Code).
Non-Foreign Entity. Contributor is not a “foreign person” or “foreign corporation” as those terms are defined in the Internal Revenue Code of 1986, as amended, and the regulations promulgated thereunder.
Non-Foreign Entity. Columbia is not a “foreign person” (within the meaning of Section 1445(f)(3) of the Code).
Non-Foreign Entity. Section 1445 of the Internal Revenue Code of 1986, as amended (the “Code”), provides that a transferee of a real property interest in the United States must withhold tax if the transferor is a foreign person. To inform TMCC that the withholding of tax will not be required in the event of a disposition of the Property pursuant to the terms of this Agreement, each Borrower hereby certifies that it is not a foreign person, foreign corporation, foreign partnership, foreign trust or foreign estate (as such terms are defined in the Code and the regulations promulgated thereunder) and that its principal place of business is at the address set forth for notices to Borrower herein. The tax identification number of each Borrower is set forth on Schedule 1. It is agreed that TMCC may disclose the contents of this certification to the Internal Revenue Service.