Common use of Status of Banks Clause in Contracts

Status of Banks. (i) With respect to the Administrative Agent and each Borrower, any Bank that is entitled to an exemption from or reduction of withholding Tax with respect to payments made under any Loan Document shall deliver to the Borrowers and the Administrative Agent, at the time or times reasonably requested by a Borrower or the Administrative Agent, such properly completed and executed documentation reasonably requested by a Borrower or the Administrative Agent as will permit such payments to be made without withholding or at a reduced rate of withholding. In addition, any Bank, if reasonably requested by a Borrower or the Administrative Agent, shall deliver such other documentation prescribed by applicable law or reasonably requested by a Borrower or the Administrative Agent as will enable such Borrower or the Administrative Agent to determine whether or not such Bank is subject to backup withholding or information reporting requirements. Notwithstanding anything to the contrary in the preceding two sentences, the completion, execution and submission of such documentation (other than such documentation set forth in Sections 2.13(f)(ii)(A), (ii)(B) and (ii)(C) below) shall not be required if in such applicable Bank’s reasonable judgment such completion, execution or submission would subject such Bank to any material unreimbursed cost or expense or would materially prejudice the legal or commercial position of such Bank.

Appears in 2 contracts

Samples: Credit Agreement (Ensco PLC), Credit Agreement (Ensco PLC)

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Status of Banks. (i) With respect to the Administrative Agent and each Borrower, any Any Bank that is entitled to an exemption from or reduction of withholding Tax with respect to payments made hereunder or under any other Loan Document shall deliver to the Borrowers and (with a copy to the Administrative Agent), at the time or times reasonably requested by a Borrower the Borrowers or the Administrative Agent, such properly completed and executed documentation reasonably requested by a Borrower the Borrowers or the Administrative Agent as will permit such payments to be made without withholding or at a reduced rate of withholding. In addition, any Bank, if reasonably requested by a Borrower the Borrowers or the Administrative Agent, shall deliver such other documentation prescribed by applicable law Law or reasonably requested by a Borrower the Borrowers or the Administrative Agent as will enable such Borrower the Borrowers or the Administrative Agent to determine whether or not such Bank is subject to backup withholding or information reporting requirements. Notwithstanding anything to the contrary in the preceding two sentences, the completion, execution and submission of such documentation (other than such documentation set forth in Sections 2.13(f)(ii)(ASection 4.8.6 (ii)(a), (ii)(Bii)(b) and (ii)(Cii)(d) below) shall not be required if in such applicable the Bank’s 's reasonable judgment such completion, execution or submission would subject such Bank to any material unreimbursed cost or expense or would materially prejudice the legal or commercial position of such Bank.

Appears in 1 contract

Samples: Credit Agreement (Triumph Group Inc)

Status of Banks. (i) With respect to the The Administrative Agent and each Borrower, or any Bank that is entitled to an exemption from or reduction of withholding Tax with respect to payments made under any Loan Document shall deliver to the Borrowers Borrower and the Administrative Agent, at the time or times reasonably requested by a the Borrower or the Administrative Agent, such properly completed and executed documentation reasonably requested by a the Borrower or the Administrative Agent as will permit such payments to be made without withholding or at a reduced rate of withholding. In addition, the Administrative Agent or any Bank, if reasonably requested by a the Borrower or 84 the Administrative Agent, shall deliver such other documentation prescribed by applicable law or reasonably requested by a the Borrower or the Administrative Agent as will enable such the Borrower or the Administrative Agent to determine whether or not such Bank Recipient is subject to backup withholding or information reporting requirements. Notwithstanding anything to the contrary in the preceding two sentences, the completion, execution and submission of such documentation (other than such documentation set forth in Sections 2.13(f)(ii)(ASection 8.4(f)(ii)(A), (ii)(B) and (ii)(Cii)(D) below) shall not be required if in such applicable Bankthe Recipient’s reasonable judgment such completion, execution or submission would subject such Bank Recipient to any material unreimbursed cost or expense or would materially prejudice the legal or commercial position of such BankRecipient.

Appears in 1 contract

Samples: Credit Agreement (Kilroy Realty, L.P.)

Status of Banks. (i) With respect to the Administrative Agent and each Borrower, any Bank Any Recipient that is entitled to an exemption from or reduction of withholding Tax with respect to payments made under any Loan Document shall deliver to the Borrowers Borrower and the Administrative Agent, at the time or times reasonably requested by a the Borrower or the Administrative Agent, such properly completed and executed documentation reasonably requested by a the Borrower or the Administrative Agent as will permit such payments to be made without withholding or at a reduced rate of withholding. In addition, any Bankthe Recipient, if reasonably requested by a the Borrower or the Administrative Agent, shall deliver such other documentation prescribed by applicable law or reasonably requested by a the Borrower or the Administrative Agent as will enable such the Borrower or the Administrative Administrati ve Agent to determine whether or not such Bank Recipient is subject to backup withholding or information reporting requirements. Notwithstanding anything to the contrary in the preceding two sentences, the completion, execution and submission of such documentation (other than such documentation set forth in Sections 2.13(f)(ii)(ASection 8.4(f)(ii)(A), (ii)(B) and (ii)(Cii)(D) below) shall not be required if in such applicable Bankthe Recipient’s reasonable judgment such completion, execution or submission would subject such Bank Recipient to any material unreimbursed cost or expense or would materially prejudice the legal or commercial position of such BankRecipient.

Appears in 1 contract

Samples: Term Loan Agreement (Kilroy Realty, L.P.)

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Status of Banks. (i) With respect to the Administrative Agent and each Borrower, any Any Bank that is entitled to an exemption from or reduction of withholding Tax with respect to payments made hereunder or under any other Loan Document shall deliver to the Borrowers and (with a copy to the Administrative Agent), at the time or times reasonably requested by a Borrower the Borrowers or the Administrative Agent, such properly completed and executed documentation reasonably requested by a Borrower the Borrowers or the Administrative Agent NAI-0000000000v6 as will permit such payments to be made without withholding or at a reduced rate of withholding. In addition, any Bank, if reasonably requested by a Borrower the Borrowers or the Administrative Agent, shall deliver such other documentation prescribed by applicable law Law or reasonably requested by a Borrower the Borrowers or the Administrative Agent as will enable such Borrower the Borrowers or the Administrative Agent to determine whether or not such Bank is subject to backup withholding or information reporting requirements. Notwithstanding anything to the contrary in the preceding two sentences, the completion, execution and submission of such documentation (other than such documentation set forth in Sections 2.13(f)(ii)(ASection 5.8.6(ii)(a), (ii)(Bii)(b) and (ii)(Cii)(d) below) shall not be required if in such applicable the Bank’s reasonable judgment such completion, execution or submission would subject such Bank to any material unreimbursed cost or expense or would materially prejudice the legal or commercial position of such Bank.

Appears in 1 contract

Samples: Credit Agreement (Triumph Group Inc)

Status of Banks. (i) With respect to the The Administrative Agent and each Borrower, or any Bank that is entitled to an exemption from or reduction of withholding Tax with respect to payments made under any Loan Document shall deliver to the Borrowers Borrower and the Administrative Agent, at the time or times reasonably requested by a the Borrower or the Administrative Agent, such properly completed and executed documentation reasonably requested by a the Borrower or the Administrative Agent as will permit such payments to be made without withholding or at a reduced rate of withholding. In addition, the Administrative Agent or any Bank, if reasonably requested by a the Borrower or the Administrative Agent, shall deliver such other documentation prescribed by applicable law or reasonably requested by a the Borrower or the Administrative Agent as will enable such the Borrower or the Administrative Agent to determine whether or not such Bank Recipient is subject to backup withholding or information reporting requirements. Notwithstanding anything to the contrary in the preceding two sentences, the completion, execution and submission of such documentation (other than such documentation set forth in Sections 2.13(f)(ii)(ASection 8.4(f)(ii)(A), (ii)(B) and (ii)(Cii)(D) below) shall not be required if in such applicable Bankthe Recipient’s reasonable judgment such completion, execution or submission would subject such Bank Recipient to any material unreimbursed cost or expense or would materially prejudice the legal or commercial position of such BankRecipient.

Appears in 1 contract

Samples: Term Loan Agreement (Kilroy Realty, L.P.)

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