Common use of Foreign Account Tax Compliance Act Clause in Contracts

Foreign Account Tax Compliance Act. A. To the extent the Reinsurer is subject to the deduction and withholding of premium payable hereon as set forth in the Foreign Account Tax Compliance Act (Sections 1471-1474 of the Internal Revenue Code), the Reinsurer shall allow such deduction and withholding from the premium payable under this Contract.  B. In the event of any return of premium becoming due hereunder, the return premium shall be determined and paid in full without regard to any amounts deducted or withheld under paragraph A of this Article. In the event the Company or its agent recovers such premium deductions and withholdings on the return premium from the United States Government, the Company or its agent shall reimburse the Reinsurer for such amounts.  

Foreign Account Tax Compliance Act. A. To the extent the Reinsurer is subject to the deduction and withholding of premium payable hereon as set forth in the Foreign Account Tax Compliance Act (Sections 1471-1474 of the Internal Revenue Code), the Reinsurer shall allow such deduction and withholding from the premium payable under this Contract. . B. In the event of any return of premium becoming due hereunder, the return premium shall will be determined and paid in full without regard to any amounts deducted or withheld under paragraph A of this Article. In the event the Company or its agent recovers such premium deductions and withholdings on the return premium from the United States Government, the Company or its agent shall will reimburse the Reinsurer for such amounts.  .

Foreign Account Tax Compliance Act. A. To the extent the Reinsurer is subject to the deduction and withholding of premium payable hereon as set forth in the Foreign Account Tax Compliance Act (Sections 1471-1474 of the Internal Revenue Code), the Reinsurer shall allow such deduction and withholding from the premium payable under this Contract. . B. In the event of any return of premium becoming due hereunder, the return premium shall be determined and paid in full without regard to any amounts deducted or withheld under paragraph A of this Article. In the event the Company or its agent recovers such premium deductions and withholdings on the return premium from the United States Government, the Company or its agent shall reimburse the Reinsurer for such amounts.  .

Foreign Account Tax Compliance Act. A. To the extent the any Reinsurer is subject to the deduction and withholding of premium payable hereon as set forth in the Foreign Account Tax Compliance Act (Sections 1471-1474 of the Internal Revenue Code), the said Reinsurer shall will allow such deduction and withholding from the premium payable under this Contract. . B. In the event of any return of premium becoming due hereunder, the return premium shall will be determined and paid in full without regard to any amounts deducted or withheld under paragraph A A. of this Article. In the event the Company or its agent recovers such premium deductions and withholdings on the return premium from the United States Government, the Company or its agent shall will reimburse the Reinsurer for such amounts.  .

Foreign Account Tax Compliance Act. A. To the extent the any Reinsurer is subject to the deduction and withholding of premium payable hereon as set forth in the Foreign Account Tax Compliance Act (Sections 1471-1474 of the Internal Revenue Code), the said Reinsurer shall allow such deduction and withholding from the premium payable under this Contract. . B. In the event of any return of premium becoming due hereunder, the return premium shall will be determined and paid in full without regard to any amounts deducted or withheld under paragraph A A. of this Article. In the event the Company or its agent recovers such premium deductions and withholdings on the return premium from the United States Government, the Company or its agent shall will reimburse the Reinsurer for such amounts.  .

Foreign Account Tax Compliance Act. A. To the extent the Reinsurer is subject to the deduction and withholding of premium payable hereon as set forth in the Foreign Account Tax Compliance Act (Sections 1471-1474 of the 17\F7V1095 Page 13 Internal Revenue Code), the Reinsurer shall allow such deduction and withholding from the premium payable under this Contract.  B. In the event of any return of premium becoming due hereunder, the return premium shall be determined and paid in full without regard to any amounts deducted or withheld under paragraph A of this Article. In the event the Company or its agent recovers such premium deductions and withholdings on the return premium from the United States Government, the Company or its agent shall reimburse the Reinsurer for such amounts.  

Foreign Account Tax Compliance Act. A. To the extent the Reinsurer is subject to the deduction and withholding of premium payable hereon as set forth in the Foreign Account Tax Compliance Act (Sections 1471-1474 of the Internal Revenue Code), the Reinsurer shall pay and allow such deduction and withholding from the premium payable under this Contract. . B. In the event of any return of premium becoming due hereunder, the Reinsurer will not deduct any percentage from the return premium shall be determined and paid in full without regard to any amounts deducted or withheld under paragraph A of this Articlepayable hereon. In To the event extent the Company or its agent recovers such premium deductions and withholdings on the return premium from the United States Government, the Company or its agent shall will reimburse the Reinsurer for such amounts.  .