Common use of Mandatory repayment and cancellation of FATCA Protected Lenders Clause in Contracts

Mandatory repayment and cancellation of FATCA Protected Lenders. (a) If on the date falling six months before the earliest FATCA Application Date for any payment by a Party to a FATCA Protected Lender (or to the Agent for the account of that Lender), that Lender is not a FATCA Exempt Party and, in the opinion of that Lender (acting reasonably), that Party will, as a consequence, be required to make a FATCA Deduction from a payment to that Lender (or to the Agent for the account of that Lender) on or after that FATCA Application Date (a “FATCA Event”):

Appears in 5 contracts

Samples: Facility Agreement (WABCO Holdings Inc.), Facilities Agreement (Igate Corp), Facility Agreement (Baring Asia Private Equity Fund v Co-Investment L.P.)

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Mandatory repayment and cancellation of FATCA Protected Lenders. (a) If If, on the date falling six 3 months before the earliest FATCA Application Date for any payment by a Party party to a Finance Document to a FATCA Protected Lender (or to the Agent for the account of that Lender), that Lender is not a FATCA Exempt Party and, in the opinion of that Lender (acting reasonably), that Party party will, as a consequence, be required to make a FATCA Deduction from a payment to that Lender (or to the Agent for the account of that Lender) on or after that FATCA Application Date (a “FATCA Event”):

Appears in 4 contracts

Samples: Loan Agreement (GasLog Partners LP), Loan Agreement (GasLog Partners LP), Loan Agreement

Mandatory repayment and cancellation of FATCA Protected Lenders. (a) If on the date falling six months before the earliest FATCA Application Date for any payment by a Party to a FATCA Protected Lender (or to the Agent for the account of that Lender), that Lender is not a FATCA Exempt Party and, in the opinion of that Lender (acting reasonably), that Party will, as a consequence, be required to make a FATCA Deduction from a payment to that Lender (or to the Agent for the account of that Lender) on or after that FATCA Application Date (a “FATCA Event”):

Appears in 2 contracts

Samples: Facility Agreement (Avolon Holdings LTD), Facility Agreement (Avolon Holdings LTD)

Mandatory repayment and cancellation of FATCA Protected Lenders. (a) If on the date falling six months before the earliest FATCA Application Date for any payment by a Party any party to this Agreement to a FATCA Protected Lender (or to the Agent for the account of that Lender), that Lender is not a FATCA Exempt Party and, in the opinion of that Lender (acting reasonably), that Party party will, as a consequence, be required to make a FATCA Deduction from a payment to that Lender (or to the Agent for the account of that Lender) on or after that FATCA Application Date (a "FATCA Event"):

Appears in 2 contracts

Samples: Agreement (Scorpio Bulkers Inc.), Agreement (Scorpio Tankers Inc.)

Mandatory repayment and cancellation of FATCA Protected Lenders. (a) If on the date falling six months before the earliest FATCA Application Date for any payment by a Party to a FATCA Protected Lender (or to the Facility Agent for the account of that Lender), that Lender is not a FATCA Exempt Party and, in the opinion of that Lender (acting reasonably), that Party will, as a consequence, be required to make a FATCA Deduction from a payment to that Lender (or to the Facility Agent for the account of that Lender) on or after that FATCA Application Date (a FATCA Event):

Appears in 2 contracts

Samples: Facility Agreement (Aquaventure Holdings LLC), Agreement (United States Steel Corp)

Mandatory repayment and cancellation of FATCA Protected Lenders. (a) If on the date falling six months before the earliest FATCA Application Date for any payment by a Party to a FATCA Protected Lender (or to the Facility Agent for the account of that Lender), that Lender is not a FATCA Exempt Party and, in the opinion of that Lender (acting reasonably), that Party will, as a consequence, be required to make a FATCA Deduction from a payment to that Lender (or to the Facility Agent for the account of that Lender) on or after that FATCA Application Date (a “FATCA Event”):

Appears in 2 contracts

Samples: Agreement (Mechel OAO), Amendment Agreement (Mechel OAO)

Mandatory repayment and cancellation of FATCA Protected Lenders. (a) If on the date falling six months before the earliest FATCA Application Date for any payment by a Party to a FATCA Protected Lender (or to the Agent for the account of that Lender), that Lender is not a FATCA Exempt Party and, in the opinion of that Lender (acting reasonably), that Party will, as a consequence, be required to make a FATCA Deduction from a payment to that Lender (or to the Agent for the account of that Lender) on or after that FATCA Application Date (a “FATCA Event”):);

Appears in 2 contracts

Samples: Loan Agreement (Prestige Cruises International, Inc.), Loan Agreement (Seven Seas Cruises S. DE R.L.)

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Mandatory repayment and cancellation of FATCA Protected Lenders. (a) 15.8.1 If on the date falling six (6) months before the earliest FATCA Application Date for any payment by a Security Party to a FATCA Protected Lender (or to the Agent for the account of that Lender), that Lender is not a FATCA Exempt Party and, in the opinion of that Lender (acting reasonably), that Security Party will, as a consequence, be required to make a FATCA Deduction from a payment to that Lender (or to the Agent for the account of that Lender) on or after that FATCA Application Date (a “FATCA Event”):

Appears in 1 contract

Samples: www.lw.com

Mandatory repayment and cancellation of FATCA Protected Lenders. (a) If on the date falling six months before the earliest FATCA Application Date for any payment by a Party to a FATCA Protected Lender (or to the Agent for the account of that Lender), that Lender is not a FATCA Exempt Party and, in the opinion of that Lender (acting reasonably), that Party will, as a consequence, be required to make a FATCA Deduction from a payment to that Lender (or to the Agent for the account of that Lender) on or after that FATCA Application Date (a "FATCA Event"):

Appears in 1 contract

Samples: Loan Agreement (Paragon Shipping Inc.)

Mandatory repayment and cancellation of FATCA Protected Lenders. (a) If on the date falling six months two weeks before the earliest FATCA Application Date for any payment by a Party to a FATCA Protected Lender (or to the Agent for the account of that Lender), that Lender is not a FATCA Exempt Party and, in the opinion of that Lender (acting reasonably), that Party will, as a consequence, be required to make a FATCA Deduction from a payment payme nt to that Lender (or to the Agent for the account of that Lender) on or after that FATCA Application Date (a “FATCA Event”):

Appears in 1 contract

Samples: Facility Agreement (UTAC Holdings Ltd.)

Mandatory repayment and cancellation of FATCA Protected Lenders. (a) If on the date falling six months before the earliest FATCA Application Date for any payment by a Party any party to this Agreement to a FATCA Protected Lender (or to the Agent for the account of that Lender), that Lender is not a FATCA Exempt Party and, in the opinion of that Lender (acting reasonably), that Party party will, as a consequence, be required to make a FATCA Deduction from a payment to that Lender (or to the Agent for the account of that Lender) on or after that FATCA Application Date (a “FATCA Event”):

Appears in 1 contract

Samples: Loan Agreement (Scorpio Bulkers Inc.)

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