Common use of Coordination of Timing Clause in Contracts

Coordination of Timing. Notwithstanding paragraphs 3 and 5 of Article 3 of this Agreement: a) [FATCA Partner] 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) [FATCA Partner] 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 [FATCA Partner] 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 [FATCA Partner] is required to begin exchanging information.

Coordination of Timing. Notwithstanding paragraphs 3 and 5 of Article 3 of this Agreement: a) [FATCA Partner] The Isle of Man 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) [FATCA Partner] The Isle of Man 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 [FATCA Partner] the Isle of Man 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 [FATCA Partner] the Isle of Man is required to begin exchanging information.