Common use of Coordination of Timing Clause in Contracts

Coordination of Timing. Notwithstanding paragraphs 3 and 5 of Article 3 of this Agreement: a) Guernsey shall not be obligated to obtain and exchange information with respect to a calendar year that is prior to the calendar year with respect to which similar information is required to be reported to the IRS by participating FFIs pursuant to relevant U.S. Treasury Regulations; b) Guernsey shall not be obligated to begin exchanging information prior to the date by which participating FFIs are required to report similar information to the IRS under relevant U.S. Treasury Regulations; c) the United States shall not be obligated to obtain and exchange information with respect to a calendar year that is prior to the first calendar year with respect to which Guernsey is required to obtain and exchange information; and d) the United States shall not be obligated to begin exchanging information prior to the date by which Guernsey is required to begin exchanging information.

Coordination of Timing. Notwithstanding paragraphs 3 and 5 of Article 3 of this Agreement: a) Guernsey Liechtenstein shall not be obligated to obtain and exchange information with respect to a calendar year that is prior to the calendar year with respect to which similar information is required to be reported to the IRS by participating FFIs pursuant to relevant U.S. Treasury Regulations; b) Guernsey Liechtenstein shall not be obligated to begin exchanging information prior to the date by which participating FFIs are required to report similar information to the IRS under relevant U.S. Treasury Regulations; c) the United States shall not be obligated to obtain and exchange information with respect to a calendar year that is prior to the first calendar year with respect to which Guernsey Liechtenstein is required to obtain and exchange information; and d) the United States shall not be obligated to begin exchanging information prior to the date by which Guernsey Liechtenstein is required to begin exchanging information.

Coordination of Timing. Notwithstanding paragraphs 3 and 5 of Article 3 of this Agreement: a) Guernsey Cyprus shall not be obligated to obtain and exchange information with respect to a calendar year that is prior to the calendar year with respect to which similar information is required to be reported to the IRS by participating FFIs pursuant to relevant U.S. Treasury Regulations; b) Guernsey Cyprus shall not be obligated to begin exchanging information prior to the date by which participating FFIs are required to report similar information to the IRS under relevant U.S. Treasury Regulations; c) the United States shall not be obligated to obtain and exchange information with respect to a calendar year that is prior to the first calendar year with respect to which Guernsey Cyprus is required to obtain and exchange information; and d) the United States shall not be obligated to begin exchanging information prior to the date by which Guernsey Cyprus is required to begin exchanging information.