Common use of FATCA Treatment Clause in Contracts

FATCA Treatment. For purposes of determining withholding Taxes imposed under FATCA, from and after the Amendment Effective Date, the Borrower and the Administrative Agent shall treat (and the Lenders hereby authorize the Administrative Agent to treat) the Credit Agreement as not qualifying as a “grandfathered obligation” within the meaning of Treasury Regulations Section 1.1471-2(b)(2)(i).

Appears in 1 contract

Samples: Credit Agreement (Internap Corp)

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FATCA Treatment. For purposes of determining withholding Taxes imposed under FATCA, from and after the effective date of this Amendment Effective DateNo. 1, the Borrower Borrowers and the Administrative Agent shall treat (and the Lenders Lender Parties hereby authorize the Administrative Agent to treat) the Credit Agreement and any outstanding Loans as not qualifying as a “grandfathered obligationobligations” within the meaning of Treasury Regulations Regulation Section 1.1471-2(b)(2)(i).

Appears in 1 contract

Samples: Credit Agreement (Nabors Industries LTD)

FATCA Treatment. For purposes of determining withholding Taxes imposed under the FATCA, from and after the Amendment Effective Dateeffective date of the Fourth Amendment, the Borrower Loan Parties and the Administrative Agent shall treat (and the Lenders hereby authorize the Administrative Agent to treat) the Credit Agreement as not qualifying as a “grandfathered obligation” within the meaning of Treasury Regulations Regulation Section 1.1471-2(b)(2)(i).

Appears in 1 contract

Samples: Fourth Amendment Agreement (Information Services Group Inc.)

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FATCA Treatment. For purposes of determining withholding Taxes imposed under FATCA, from and after the Amendment No. 2 Effective Date, the Borrower Company and the Administrative Agent shall treat (and the Lenders hereby authorize the Administrative Agent to treat) this Agreement and the Credit Agreement Loans as not qualifying as a “grandfathered obligationobligations” within the meaning of Treasury Regulations Regulation Section 1.1471-2(b)(2)(i).

Appears in 1 contract

Samples: Credit Agreement (Meritor Inc)

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