Common use of Other Non-compliance Under the IGA Clause in Contracts

Other Non-compliance Under the IGA. The U.S. Competent Authority may make a determination of significant non-compliance with respect to a Reporting Cayman Islands Financial Institution to the extent it does not meet the conditions set forth in Article 4 of the IGA, including by failing to (i) withhold on any U.S. Source Withholdable Payment made to any Nonparticipating Financial Institution to the extent required under Article 4(1)(d) of the IGA;

Appears in 2 contracts

Samples: Competent Authority Arrangement, Competent Authority Arrangement

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Other Non-compliance Under the IGA. The U.S. Competent Authority may make a determination of significant non-compliance with respect to a Reporting Cayman Islands Bahamas Financial Institution to the extent it does not meet the conditions set forth in Article 4 of the IGA, including by failing to (i) withhold on any U.S. Source Withholdable Payment made to any Nonparticipating Financial Institution to the extent required under Article 4(1)(d) of the IGA;

Appears in 1 contract

Samples: Competent Authority Arrangement

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Other Non-compliance Under the IGA. The U.S. Competent Authority may make a determination of significant non-compliance with respect to a Reporting Cayman Islands Grenada Financial Institution to the extent it does not meet the conditions set forth in Article 4 of the IGA, including by failing to (i) withhold on any U.S. Source Withholdable Payment made to any Nonparticipating Financial Institution to the extent required under Article 4(1)(d) of the IGA;

Appears in 1 contract

Samples: Competent Authority Arrangement

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