Common use of Non-Foreign Person Status Clause in Contracts

Non-Foreign Person Status. Debtor is not a “foreign person” within the meaning of the Internal Revenue Code of 1986, as amended (the “Code”), Sections 1445 and 7701; that is, Debtor is not a nonresident alien, foreign corporation, foreign partnership, foreign trust or foreign estate as those terms are defined in the Code and any regulations promulgated thereunder.

Appears in 6 contracts

Sources: Mortgage, Security Agreement, Assignment of Production and Proceeds, Financing Statement and Fixture Filing (Lilis Energy, Inc.), Mortgage, Security Agreement, Assignment of Production and Proceeds, Financing Statement and Fixture Filing (Recovery Energy, Inc.), Deed of Trust (Recovery Energy, Inc.)