Common use of FATCA Deduction Clause in Contracts

FATCA Deduction. (a) Each party may make any FATCA Deduction it is required to make by FATCA, and any payment required in connection with that FATCA Deduction, and no party will be required to increase any payment in respect of which it makes a FATCA Deduction or otherwise compensate the recipient of the payment for that FATCA Deduction. (b) Each party must as soon as reasonably practical after it becomes aware that it must make a FATCA Deduction (or that there is any change in the rate or the basis of the FATCA Deduction) notify the party to whom it is making the payment and, in addition, must notify the Borrower, the Agent and the other Finance Parties.

Appears in 1 contract

Samples: Project Facility Agreement (Paringa Resources LTD)

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FATCA Deduction. (a) Each party Party may make any FATCA Deduction it is required to make by FATCA, and any payment required in connection with that FATCA Deduction, and no party will be Party is required to increase any payment in respect of which it makes such a FATCA Deduction or otherwise compensate the recipient of the payment for that FATCA Deduction. (b) Each party must as soon as reasonably practical after it becomes Party must, promptly on becoming aware that it must make a FATCA Deduction (or that there is any change in the rate or the basis of the such FATCA Deduction) ), notify the party Party to whom it is making the payment and, in addition, must notify the BorrowerCompany and the Facility Agent, and the Facility Agent and must promptly notify the other Finance Parties.

Appears in 1 contract

Samples: Facility Agreement (eHi Car Services LTD)

FATCA Deduction. (a) Each party Party may make any FATCA Deduction it is required to make by FATCA, and any payment required in connection with that FATCA Deduction, and no party will Party shall be required to increase any payment in respect of which it makes such a FATCA Deduction or otherwise compensate the recipient of the payment for that FATCA Deduction. (b) Each party Party must as soon as reasonably practical after it becomes promptly, upon becoming aware that it must make a FATCA Deduction (or that there is any change in the rate or the basis of the such FATCA Deduction) ), notify the party Party to whom it is making the payment and, in addition, must notify the Borrower, the Obligors' Agent and the other Finance PartiesLender.

Appears in 1 contract

Samples: Common Terms Agreement (Sedibelo Resources LTD)

FATCA Deduction. (a) Each party Party may make any FATCA Deduction it is required to make by FATCA, and any payment required in connection with that FATCA Deduction, and no party will be Party is required to increase any payment in respect of which it makes such a FATCA Deduction or otherwise compensate the recipient of the payment for that FATCA Deduction. (b) Each party must as soon as reasonably practical after it becomes Party must, promptly upon becoming aware that it must make a FATCA Deduction (or that there is any change in the rate or the basis of the such FATCA Deduction) ), notify the party Party to whom it is making the payment and, in addition, must notify the BorrowerCompany, the Facility Agent and the other Finance Parties.

Appears in 1 contract

Samples: Facility Agreement (Aquaventure Holdings LLC)

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FATCA Deduction. (a) Each party Party may make any FATCA Deduction it is required to make by FATCA, and any payment required in connection with that FATCA Deduction, and no party will Party shall be required to increase any payment in respect of which it makes such a FATCA Deduction or otherwise compensate the recipient of the payment for that FATCA Deduction. (b) . Each party must as soon as reasonably practical after it becomes Party shall promptly, upon becoming aware that it must make a FATCA Deduction (or that there is any change in the rate or the basis of the such FATCA Deduction) notify the party Party to whom it is making the payment and, in addition, must shall notify the BorrowerBorrower and the Agent, and the Agent and shall notify the other Finance Parties.

Appears in 1 contract

Samples: Facility Agreement

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