Common use of BACK-UP WITHHOLDING Clause in Contracts

BACK-UP WITHHOLDING. Under the Federal income tax law, a person surrendering Class B OP Units must provide the Class B Unit Agent with his correct taxpayer identification number ("TIN") on Substitute Form W-9 below unless an exemption applies. If the correct TIN is not provided, a $50 penalty may be imposed by the Internal Revenue Service and payments made in exchange for the surrendered Class B OP Units may be subject to back-up withholding of that rate provided by the Federal income tax law (such rate being at the date of the Exchange Rights Agreement, 31%). The TIN that must be provided is that of the registered holder of the Class B OP Units. The TIN for an individual is his social security number.

BACK-UP WITHHOLDING. Under the Federal income tax law, a person surrendering Class B OP A RP Units must provide the Class B A Unit Agent with his correct taxpayer identification number ("TIN") on Substitute Form W-9 below unless an exemption applies. If the correct TIN is not provided, a $50 penalty may be imposed by the Internal Revenue Service and payments made in exchange for the surrendered Class B OP A RP Units may be subject to back-up withholding of that rate provided by the Federal income tax law (such rate being at the date of the Exchange Rights Agreement, 31%). The TIN that must be provided is that of the registered holder of the Class B OP A RP Units. The TIN for an individual is his social security number.

BACK-UP WITHHOLDING. Under the Federal income tax law, a person surrendering Class B OP Operating Units must provide the Class B Unit Agent with his correct taxpayer identification number ("“TIN"”) on Substitute Form W-9 below unless an exemption applies. If the correct TIN is not provided, a $50 penalty may be imposed by the Internal Revenue Service and payments made in exchange for the surrendered Class B OP Operating Units may be subject to back-up withholding of that rate provided by the Federal income tax law (such rate being at the date of the last amendment of the Exchange Rights Agreement, 3128 %). The TIN that must be provided is that of the registered holder of the Class B OP Operating Units. The TIN for an individual is his social security number.

BACK-UP WITHHOLDING. Under the Federal income tax law, a person surrendering Class B OP A Units must provide the Class B A Unit Agent with his correct taxpayer identification number ("TIN") on Substitute Form W-9 below unless an exemption applies. If the correct TIN is not provided, a $50 penalty may be imposed by the Internal Revenue Service and payments made in exchange for the surrendered Class B OP A Units may be subject to back-up withholding of that rate provided by the Federal income tax law (such rate being at the date of the Class A Exchange Rights Agreement, 31%). The TIN that must be provided is that of the registered holder of the Class B OP A Units. The TIN for an individual is his social security number.