Common use of Issuer Right to Redirect Clause in Contracts

Issuer Right to Redirect. If the Issuer determines in its sole discretion that it will be required to withhold or deduct any FATCA Withholding in connection with any payment due on any Notes, then it will be entitled to redirect or reorganise any such payment in any way that it sees fit in order that the payment may be made without FATCA Withholding Tax provided that (a) any such re-direction or reorganization of any payment is made through a recognised institution of international standing and such payment is otherwise made in accordance with this Agreement and (b) if the payment goes through the Fiscal Agent the new mechanics of payment will comply with the then current policies and procedures of the Fiscal Agent.

Issuer Right to Redirect. If the Issuer determines in its sole discretion that it will be required to withhold withold or deduct any FATCA Withholding in connection with any payment due on any Notes, then it will be entitled to redirect or reorganise any such payment in any way that it sees fit in order that the payment may be made without FATCA Withholding Tax provided that (a) any such re-direction or reorganization of any payment is made through a recognised institution of international standing and such payment is otherwise made in accordance with this Agreement and (b) if the payment goes through the and the Fiscal Agent the new mechanics of payment will comply with the then current policies and procedures of the Fiscal Agent.