Common use of Reporting Failures Clause in Contracts

Reporting Failures. The U.S. Competent Authority may find significant non-compliance based on a failure by a Reporting Cayman Islands Financial Institution to report information on U.S. Reportable Accounts, as specified in Article 4(1)(a) of the IGA, or on 2015 and 2016 payments to Nonparticipating Financial Institutions, as specified in Article 4(1)(b) of the IGA.

Reporting Failures. The U.S. Competent Authority may find significant non-compliance based on a failure by a Reporting Cayman Islands Saint Lucia Financial Institution to report information on U.S. Reportable Accounts, as specified in Article 4(1)(a) of the IGA, or on 2015 and 2016 payments to Nonparticipating Financial Institutions, as specified in Article 4(1)(b) of the IGA.

Reporting Failures. The U.S. Competent Authority may find significant non-compliance based on a failure by of a Reporting Cayman Islands Barbados Financial Institution to report information on U.S. Reportable Accounts, as specified in Article 4(1)(a) of the IGA, or on 2015 and 2016 payments to Nonparticipating Financial Institutions, as specified in Article 4(1)(b) of the IGA.

Reporting Failures. The U.S. Competent Authority may find significant non-compliance based on a failure by a Reporting Cayman Turks and Caicos Islands Financial Institution to report information on U.S. Reportable Accounts, as specified in Article 4(1)(a) of the IGA, or on 2015 and 2016 payments to Nonparticipating Financial Institutions, as specified in Article 4(1)(b) of the IGA.

Reporting Failures. The U.S. Competent Authority may find significant non-compliance based on a failure by a Reporting Cayman Islands Grenada Financial Institution to report information on U.S. Reportable Accounts, as specified in Article 4(1)(a) of the IGA, or on 2015 and 2016 payments to Nonparticipating Financial Institutions, as specified in Article 4(1)(b) of the IGA.IGA.‌

Reporting Failures. The U.S. Competent Authority may find significant non-compliance based on a failure by a Reporting Cayman Islands Bahamas Financial Institution to report information on U.S. Reportable Accounts, as specified in Article 4(1)(a) of the IGA, or on 2015 and 2016 payments to Nonparticipating Financial Institutions, as specified in Article 4(1)(b) of the IGA.