Common use of Suspension of Rules Relating to Recalcitrant Accounts Clause in Contracts

Suspension of Rules Relating to Recalcitrant Accounts. The United States shall not require a Reporting Irish Financial Institution to withhold tax under section 1471 or 1472 of the U.S. Internal Revenue Code with respect to an account held by a recalcitrant account holder (as defined in section 1471(d)(6) of the U.S. Internal Revenue Code), or to close such account, if the U.S. Competent Authority receives the information set forth in subparagraph 2a) of Article 2, subject to the provisions of Article 3, with respect to such account.

Suspension of Rules Relating to Recalcitrant Accounts. The United States shall not require a Reporting Irish United Kingdom Financial Institution to withhold tax under section 1471 or 1472 of the U.S. Internal Revenue Code with respect to an account held by a recalcitrant account holder (as defined in section 1471(d)(6) of the U.S. Internal Revenue Code), or to close such account, if the U.S. Competent Authority receives the information set forth in subparagraph 2a2(a) of Article 2, subject to the provisions of Article 3, with respect to such account.

Suspension of Rules Relating to Recalcitrant Accounts. The United States shall not require a Reporting Irish Financial Institution to withhold tax under section 1471 or 1472 of the U.S. Internal Revenue Code with respect to an account held by a recalcitrant account holder (as defined in section 1471(d)(6) of the U.S. Internal Revenue Code), or to close such account, if the U.S. Competent Com- petent Authority receives the information set forth in subparagraph 2a) of Article 2, subject to the provisions of Article 3, with respect to such account.