Common use of Representation of Banks Clause in Contracts

Representation of Banks. Each Bank party to and as of the date of ----------------------- this Agreement severally and only with respect to itself and to its status as a Bank represents that it is entitled to receive interest payments from Company free and clear of and without deduction for any U.S. taxes collected by way of withholding that are in effect as of the date of this Agreement. Each Bank party to and as of the date of this Agreement severally and only with respect to itself represents that it is either (a) a corporation, company or association, incorporated or organized in or under the laws of the U.S. or a state of the U.S. (a "U.S. corporation"); (b) a non-U.S. corporation lending through its U.S. branch, which will treat the interest income as effectively connected with its U.S. trade or business; or (c) a non-U.S. corporation, resident in a country that has a treaty with the U.S. that exempts interest payments by Company from withholding taxes.