Common use of Foreign Account Tax Compliance Act Clause in Contracts

Foreign Account Tax Compliance Act. A. The Reinsurer hereby acknowledges the requirements of Sections 1471-1474 U.S. Internal Revenue Code of 1986, as amended, and the Treasury regulations and other guidance issued from time to time thereunder ('FATCA') and the obligation to provide to the Company a valid Internal Revenue Service ('IRS') Form W8-BEN-E or other documentation meeting the requirements of the FATCA regulations to establish they are not subject to any withholding requirement pursuant to FATCA. B. The Reinsurer shall notify the Company in writing (by electronic mail, certified mail or overnight mail using a nationally recognized overnight delivery service) in the event the Reinsurer is not compliant with FATCA. If the Reinsurer has not provided the Company with the documentation attesting to its FATCA compliance within thirty (30) days prior to any premium due date, or becomes non-compliant with FATCA at any later date, the Withholding Agent [as defined in U.S. Treasury Regulation Section 1. 1471-1(b)(147)] shall withhold thirty percent (30.0%) of any premium payment to the Reinsurer under this Contract and shall promptly notify the Reinsurer of such withholding. C. The Reinsurer shall update the forms or other documentation referenced in paragraph A of this Article upon a change in facts or circumstance rendering such previously supplied information incorrect." 5. In lieu of the provisions of Article 25 - Governing Law - the following shall apply: "

Foreign Account Tax Compliance Act. A. The Reinsurer hereby acknowledges the requirements of Sections 1471-1474 U.S. Internal Revenue Code of 1986, as amended, and the Treasury regulations and other guidance issued from time to time thereunder ('FATCA') and the obligation to provide to the Company a valid Internal Revenue Service ('IRS') Form W8-BEN-E or other documentation meeting the requirements of the FATCA regulations to establish they are not subject to any withholding requirement pursuant to FATCA. B. The Reinsurer shall notify the Company in writing (by electronic mail, certified mail or overnight mail using a nationally recognized overnight delivery service) in the event the Reinsurer is not compliant with FATCA. If the Reinsurer has not provided the Company with the documentation attesting to its FATCA compliance within thirty (30) days prior to any premium due date, or becomes non-compliant with FATCA at any later date, the Withholding Agent [as defined in U.S. Treasury Regulation Section 1. 1471-1(b)(147)] shall withhold thirty percent (30.0%) of any premium payment to the Reinsurer under this Contract and shall promptly notify the Reinsurer of such withholding. C. The Reinsurer shall update the forms or other documentation referenced in paragraph A of this Article upon a change in facts or circumstance rendering such previously supplied information incorrect." 5. In lieu of " If to the provisions of Article 25 - Governing Law - Insured: Federal National Mortgage Association, also known as Xxxxxx Xxx, a government-sponsored enterprise chartered by the following shall apply: "U.S. Congress Midtown Center 0000 00xx Xxxxxx, XX Xxxxxxxxxx, XX 00000

Foreign Account Tax Compliance Act. A. The Reinsurer hereby acknowledges the requirements of Sections 1471-1474 U.S. Internal Revenue Code of 1986, as amended, and the Treasury regulations and other guidance issued from time to time thereunder ('FATCA') and the obligation to provide to the Company a valid Internal Revenue Service ('IRS') Form W8-BEN-E or other documentation meeting the requirements of the FATCA regulations to establish they are not subject to any withholding requirement pursuant to FATCA. B. The Reinsurer shall notify the Company in writing (by electronic mail, certified mail or overnight mail using a nationally recognized overnight delivery service) in the event the Reinsurer is not compliant with FATCA. If the Reinsurer has not provided the Company with the documentation attesting to its FATCA compliance within thirty (30) days prior to any premium due date, or becomes non-compliant with FATCA at any later date, the Withholding Agent [as defined in U.S. Treasury Regulation Section 1. 1471-1(b)(147)] shall withhold thirty percent (30.0%) of any premium payment to the Reinsurer under this Contract and shall promptly notify the Reinsurer of such withholding. C. The Reinsurer shall update the forms or other documentation referenced in paragraph A of this Article upon a change in facts or circumstance rendering such previously supplied information incorrect." 5. In lieu of " CIRT 2021-01 If to the provisions of Article 25 - Governing Law - Insured: Federal National Mortgage Association, also known as Xxxxxx Xxx, a government-sponsored enterprise chartered by the following shall apply: "U.S. Congress 0000 00xx Xxxxxx, XX Washington, DC 20005

Foreign Account Tax Compliance Act. A. The Reinsurer hereby acknowledges the requirements of Sections 1471-1474 U.S. Internal Revenue Code of 1986, as amended, and the Treasury regulations and other guidance issued from time to time thereunder ('FATCA') and the obligation to provide to the Company a valid Internal Revenue Service ('IRS') Form W8-BEN-E or other documentation meeting the requirements of the FATCA regulations to establish they are not subject to any withholding requirement pursuant to FATCA. B. The Reinsurer shall notify the Company in writing (by electronic mail, certified mail or overnight mail using a nationally recognized overnight delivery service) in the event the Reinsurer is not compliant with FATCA. If the Reinsurer has not provided the Company with the documentation attesting to its FATCA compliance within thirty (30) days prior to any premium due date, or becomes non-compliant with FATCA at any later date, the Withholding Agent [as defined in U.S. Treasury Regulation Section 1. 1471-1(b)(147)] shall withhold thirty percent (30.0%) of any premium payment to the Reinsurer under this Contract and shall promptly notify the Reinsurer of such withholding. C. The Reinsurer shall update the forms or other documentation referenced in paragraph A of this Article upon a change in facts or circumstance rendering such previously supplied information incorrect."" CIRT FE 2019-01 5. In lieu of the provisions of Article 25 - Governing Law - the following shall apply: "

Foreign Account Tax Compliance Act. A. The Reinsurer hereby acknowledges the requirements of Sections 1471-1474 U.S. Internal Revenue Code of 1986, as amended, and the Treasury regulations and other guidance issued from time to time thereunder ('FATCA') and the obligation to provide to the Company a valid Internal Revenue Service ('IRS') Form W8-BEN-E or other documentation meeting the requirements of the FATCA regulations to establish they are not subject to any withholding requirement pursuant to FATCA. B. The Reinsurer shall notify the Company in writing (by electronic mail, certified mail or overnight mail using a nationally recognized overnight delivery service) in the event the Reinsurer is not compliant with FATCA. If the Reinsurer has not provided the Company with the documentation attesting to its FATCA compliance within thirty (30) days prior to any premium due date, or becomes non-compliant with FATCA at any later date, the Withholding Agent [as defined in U.S. Treasury Regulation Section 1. 1471-1(b)(147)] shall withhold thirty percent (30.030%) of any premium payment to the Reinsurer under this Contract and shall promptly notify the Reinsurer of such withholding. C. The Reinsurer shall update the forms or other documentation referenced in paragraph A of this Article upon a change in facts or circumstance rendering such previously supplied information incorrect." 5. In lieu of the provisions of Article 25 - Governing Law - the following shall apply: "

Foreign Account Tax Compliance Act. A. The Reinsurer hereby acknowledges the requirements of Sections 1471-1474 U.S. Internal Revenue Code of 1986, as amended, and the Treasury regulations and other guidance issued from time to time thereunder ('FATCA') and the obligation to provide to the Company a valid Internal Revenue Service ('IRS') Form W8-BEN-E or other documentation meeting the requirements of the FATCA regulations to establish they are not subject to any withholding requirement pursuant to FATCA. B. The Reinsurer shall notify the Company in writing (by electronic mail, certified mail or overnight mail using a nationally recognized overnight delivery service) in the event the Reinsurer is not compliant with FATCA. If the Reinsurer has not provided the Company with the documentation attesting to its FATCA compliance within thirty (30) days prior to any premium due date, or becomes non-compliant with FATCA at any later date, the Withholding Agent [as defined in U.S. Treasury Regulation Section 1. 1471-1(b)(147)] shall withhold thirty percent (30.0%) of any premium payment to the Reinsurer under this Contract and shall promptly notify the Reinsurer of such withholding. C. The Reinsurer shall update the forms or other documentation referenced in paragraph A of this Article upon a change in facts or circumstance rendering such previously supplied information incorrect." 54. In lieu of the provisions of Article 25 - Governing Law - the following shall apply: "

Foreign Account Tax Compliance Act. A. The Reinsurer hereby acknowledges the requirements of Sections 1471-1474 U.S. Internal Revenue Code of 1986, as amended, and the Treasury regulations and other guidance issued from time to time thereunder ('FATCA') and the obligation to provide to the Company a valid Internal Revenue Service ('IRS') Form W8-BEN-E or other documentation meeting the requirements of the FATCA regulations to establish they are not subject to any withholding requirement pursuant to FATCA. B. The Reinsurer shall notify the Company in writing (by electronic mail, certified mail or overnight mail using a nationally recognized overnight delivery service) in the event the Reinsurer is not compliant with FATCA. If the Reinsurer has not provided the Company with the documentation attesting to its FATCA compliance within thirty (30) days prior to any premium due date, or becomes non-compliant with FATCA at any later date, the Withholding Agent [as defined in U.S. Treasury Regulation Section 1. 1471-1(b)(147)] shall withhold thirty percent (30.030%) of any premium payment to the Reinsurer under this Contract and shall promptly notify the Reinsurer of such withholding. C. The Reinsurer shall update the forms or other documentation referenced in paragraph A of this Article upon a change in facts or circumstance rendering such previously supplied information incorrect." 5. In lieu of the provisions of Article 25 - Governing Law - the following shall apply: "Article 25 -