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

Mandatory repayment and cancellation of FATCA Protected Lenders. If on the date falling six (6) months before the earliest FATCA Application Date for any payment by a Party to a FATCA Protected 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 the Lender on or after that FATCA Application Date (a “FATCA Event”):

Appears in 1 contract

Samples: Common Revolving Credit Line (Atento S.A.)

AutoNDA by SimpleDocs

Mandatory repayment and cancellation of FATCA Protected Lenders. If on the date falling six (6) 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 the that Lender on or after that FATCA Application Date (a “FATCA Event”):

Appears in 1 contract

Samples: Navios Maritime Holdings Inc.

Mandatory repayment and cancellation of FATCA Protected Lenders. If on the date falling six (6) 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 the that Lender on or after that FATCA Application Date (a FATCA Event):

Appears in 1 contract

Samples: Assignment Agreement (Enstar Group LTD)

AutoNDA by SimpleDocs

Mandatory repayment and cancellation of FATCA Protected Lenders. 7.9.1 If on the date falling six (6) three 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 Xxxxxx (acting reasonably), that Party will, as a consequence, be required to make a FATCA Deduction from a payment to the Lender on or after that FATCA Application Date (a “FATCA Event”):as

Appears in 1 contract

Samples: Facility Agreement (Quintana Shipping Ltd.)

Time is Money Join Law Insider Premium to draft better contracts faster.