Common use of Certain Tax Information Clause in Contracts

Certain Tax Information. In order to comply with applicable tax laws, rules and regulations (inclusive of directives, guidelines and interpretations promulgated by competent authorities) in effect from time to time (“Applicable Law”) that a foreign financial institution, or issuer, trustee, paying agent, holder or other institution is or has agreed to be subject to related to this Agreement, the Company agrees (i) to provide to the Purchase Contract Agent sufficient information about Holders or other applicable parties and/or transactions (including any modification to the terms of such transactions) so the Purchase Contract Agent can determine whether it has tax related obligations under Applicable Law, (ii) that the Purchase Contract Agent shall be entitled to make any withholding or deduction from payments under this Agreement to the extent necessary to comply with Applicable Law for which the Purchase Contract Agent shall not have any liability, and (iii) to hold harmless the Purchase Contract Agent for any losses it may suffer due to the actions it takes to comply with such Applicable Law. The terms of this section shall survive the termination of this Agreement.

Appears in 3 contracts

Samples: Purchase Contract and Pledge Agreement (American Electric Power Co Inc), Purchase Contract and Pledge Agreement (American Electric Power Co Inc), Purchase Contract and Pledge Agreement

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Certain Tax Information. In order to comply with applicable tax laws, rules and regulations (inclusive of directives, guidelines and interpretations promulgated by competent authorities) in effect from time to time (“Applicable Law”) that a foreign financial institution, or issuer, trustee, paying agent, holder or other institution is or has agreed to be subject to related to this Agreement, the Company agrees agree (i) to provide to the Purchase Contract Agent sufficient information about Holders or other applicable parties and/or transactions (including any modification to the terms of such transactions) so the Purchase Contract Agent can determine whether it has tax related obligations under Applicable Law, (ii) that the Purchase Contract Agent shall be entitled to make any withholding or deduction from payments under this Agreement to the extent necessary to comply with Applicable Law for which the Purchase Contract Agent shall not have any liability, and (iii) to hold harmless the Purchase Contract Agent for any losses it may suffer due to the actions it takes to comply with such Applicable Law. The terms of this section shall survive the termination of this Agreement.

Appears in 1 contract

Samples: Purchase Contract and Pledge Agreement (Exelon Corp)

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