Common use of FATCA Treatment Clause in Contracts

FATCA Treatment. For purposes of determining withholding Taxes imposed under FATCA, from and after the Second Amendment Effective Date, the Seller and the Servicer shall treat (and any Recipient and Affected Person hereby authorizes the Seller and the Servicer to treat) this Agreement and any outstanding Obligation as not qualifying as a “grandfathered obligation” within the meaning of Treasury Regulation Section 1.1471-2(b)(2)(i).

FATCA Treatment. For purposes of determining withholding Taxes imposed under FATCA, from and after the Second Amendment No. 1 Effective Date, the Seller Company and the Servicer Administrative Agent shall treat (and any Recipient and Affected Person the Lenders hereby authorizes authorize the Seller and the Servicer Administrative Agent to treat) this Agreement and any outstanding Obligation the Loans as not qualifying as a “grandfathered obligationobligations” within the meaning of Treasury Regulation Section 1.1471-2(b)(2)(i).