FATCA Treatment. For purposes of determining withholding Taxes imposed under FATCA, from and after the Effective Date, the Borrower and the Administrative Agent shall treat (and the Extending Revolving Credit Lenders and the Incremental Revolving Credit Lenders hereby authorize the Administrative Agent to treat) the Extended Revolving Credit Loans as not qualifying as a “grandfathered obligation” within the meaning of Treasury Regulation Section 1.1471-2(b)(2)(i).
Appears in 2 contracts
Samples: Extension and Incremental, Extension and Incremental (Bright Horizons Family Solutions Inc.)
FATCA Treatment. For purposes of determining withholding Taxes imposed under FATCA, from and after the Effective Amendment Closing Date, the Borrower and the Administrative Agent shall treat (and the Extending Revolving Credit Lenders and the Incremental Revolving Credit Lenders hereby authorize the Administrative Agent to treat) the Extended Revolving Credit Loans Agreement as not qualifying as a “grandfathered obligation” within the meaning of Treasury Regulation Regulations Section 1.1471-2(b)(2)(i).
Appears in 1 contract
Samples: Credit Agreement (Internap Corp)
FATCA Treatment. For purposes of determining withholding Taxes imposed under FATCA, from and after the Effective Date, the Borrower and the Administrative Agent shall treat (and the Extending Revolving Credit Lenders and the Incremental Revolving Credit Refinancing Lenders hereby authorize the Administrative Agent to treat) the Extended Other Term Loans, Other Revolving Credit Loans and Other Revolving Credit Commitments as not qualifying as a “"grandfathered obligation” " within the meaning of Treasury Regulation Section 1.1471-2(b)(2)(i).
Appears in 1 contract
Samples: Amendment Agreement (Bright Horizons Family Solutions Inc.)
FATCA Treatment. For purposes of determining withholding Taxes imposed under FATCA, from and after the Effective Date, the Borrower and the Successor Administrative Agent shall treat (and the Extending Revolving Credit Lenders and the Incremental Revolving Credit Term Lenders hereby authorize the Successor Administrative Agent to treat) the Extended Revolving Credit Incremental Term Loans as not qualifying as a “EXHIBIT 10.3 (1) "grandfathered obligation” " within the meaning of Treasury Regulation Section 1.1471-2(b)(2)(i).
Appears in 1 contract
Samples: Incremental and Amendment and Restatement Agreement (Bright Horizons Family Solutions Inc.)
