Common use of ENABLING CLAUSE Clause in Contracts

ENABLING CLAUSE. Swiss Financial Institutions that, pursuant to applicable U.S. Treasury Regulations, enter into an FFI Agreement with the IRS or register with the IRS as deemed-compliant FFIs, are authorized and therefore not liable to any penalty according to Article 271 of the Swiss Criminal Code.

Appears in 6 contracts

Samples: Cooperation Agreement, Cooperation Agreement, Cooperation Agreement

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