Common use of FATCA Non-grandfathered Obligation Clause in Contracts

FATCA Non-grandfathered Obligation. For purposes of determining withholding Taxes imposed under FATCA, the Obligors and Agent shall treat (and the Lenders hereby authorize Agent to treat) the Loan Documents as not qualifying as a “grandfathered obligation” within the meaning of Treasury Regulation Section 1.1471-2(b)(2)(i).

FATCA Non-grandfathered Obligation. For purposes of determining withholding Taxes imposed under FATCA, the Obligors Borrowers and the Agent shall treat (and the Lenders hereby authorize the Agent to treat) the Loan Documents as not qualifying as a “grandfathered obligation” within the meaning of Treasury Regulation Section 1.1471-2(b)(2)(i).