Tax Status Withholding Taxes. (A) The Client will provide the Custodian with information as to its tax status as reasonably requested by the Custodian from time to time. (B) The Client may be required from time to time to file such proof of taxpayer status or residence, to execute such certificates and to make such representations and warranties, or to provide any other information or documents in respect of the Property, as the Custodian or any of its agents may deem necessary or proper to fulfill the obligations of the Custodian or its agents under applicable law. The Client shall provide the Custodian or its agents, as appropriate, in a timely manner, with copies, or originals if necessary and appropriate, of any such proofs of residence, taxpayer status or identity, beneficial ownership of Property and any other information or documents which the Custodian or its agents may reasonably request. (C) If any Taxes shall become payable with respect to any payment due to the Client, such Taxes may be withheld from such payment in accordance with applicable law. The Custodian and any agents may withhold any interest, any dividends or other distributions or securities receivable in respect of Securities, proceeds from the sale or distribution of Securities ("Payments"), or may sell for the account of the Client any part thereof or all of the Securities, and may apply such Payment in satisfaction of such Taxes, the Client remaining liable for any deficiency. If any Taxes shall become payable with respect to any payment made to the Client by the Custodian or its agents in a prior year, the Custodian or its agents may withhold Payments in satisfaction of such prior year's Taxes. (D) In the event the Client requests that the Custodian provide tax relief services and the Custodian agrees to provide such services, the Custodian or any of its agents, shall apply for appropriate tax relief (either by way of reduced tax rates at the time of an income payment or retrospective tax reclaims in certain markets as agreed from time to time); PROVIDED THAT the Client provides to the Custodian such documentation and information as is necessary to secure such tax relief. In no event shall the Custodian or any of its agents be responsible for the difference between the statutory rate of withholding and the treaty rate of withholding if the Custodian or any of its agents are unable to secure tax relief.
Appears in 10 contracts
Samples: Global Custodial Services Agreement (Vanguard World Fund Inc), Global Custodial Services Agreement (Vanguard Institutional Index Fund), Global Custodial Services Agreement (Vanguard Trustees Equity Funds)
Tax Status Withholding Taxes. (A) The Client will provide the Custodian with information as to its tax status as reasonably requested by the Custodian from time to time.
(B) The Client may be required from time to time to file such proof of taxpayer status or residence, to execute such certificates and to make such representations and warranties, or to provide any other information or documents in respect of the Property, as the Custodian or any of its agents may deem necessary or proper to fulfill the obligations of the Custodian or its agents under applicable law. The Client shall provide the Custodian or its agents, as appropriate, in a timely manner, with copies, or originals if necessary and appropriate, of any such proofs of residence, taxpayer status or identity, beneficial ownership of Property and any other information or documents which the Custodian or its agents may reasonably request.
(C) If any Taxes shall become payable with respect to any payment due to the Client, such Taxes may be withheld from such payment in accordance with applicable law. The Custodian and any agents may withhold any interest, any dividends or other distributions or securities receivable in respect of Securities, proceeds from the sale or distribution of Securities ("Payments"), or may sell for the account of the Client any part thereof or all of the Securities, and may apply such Payment and/or cash from the Custody Cash Account in satisfaction of such Taxes, the Client remaining liable for any deficiency. If any Taxes shall become payable with respect to any payment made to the Client by the Custodian or its agents in a prior year, the Custodian or its agents may withhold Payments in satisfaction of such prior year's Taxes.
(D) In the event the Client requests that the Custodian provide tax relief services and the Custodian agrees to provide such services, the Custodian or any of its agents, shall apply for appropriate tax relief (either by way of reduced tax rates at the time of an income payment or retrospective tax reclaims in certain markets as agreed from time to time); PROVIDED THAT the Client provides to the Custodian such documentation and information as is necessary to secure such tax relief. Custodian shall advise Client of the necessary documentation. In no event shall the Custodian or any of its agents be responsible for the difference between the statutory rate of withholding and the treaty rate of withholding if the Custodian or any of its agents are unable to secure tax relief.
Appears in 2 contracts
Samples: Global Custodial Services Agreement (Oppenheimer Stable Value Fund), Global Custodial Services Agreement (Oppenheimer Quest Global Value Fund Inc)
Tax Status Withholding Taxes. (A) The Client will provide the Custodian with information as to its tax status as reasonably requested by the Custodian from time to time.
(B) The Client may be required from time to time to file such proof of taxpayer status or residence, to execute such certificates and to make such representations and warranties, or to provide any other information or documents in respect of the Property, as the Custodian or any of its agents may deem necessary or proper to fulfill the obligations of the Custodian or its agents under applicable law. The Client shall provide the Custodian or its agents, as appropriate, in a timely manner, with copies, or originals if necessary and appropriate, of any such proofs of residence, taxpayer status or identity, beneficial ownership of Property and any other information or documents which the Custodian or its agents may reasonably request.
(C) If any Taxes shall become payable with respect to any payment due to the Client, such Taxes may be withheld from such payment in accordance with applicable law. The Custodian and any agents may withhold any interest, any dividends or other distributions or securities receivable in respect of Securities, proceeds from the sale or distribution of Securities ("Payments"), or with prior notice to and consent of Client may sell for the account of the Client any part thereof or all of the Securities, and may apply such Payment and/or cash from the Custody Cash Account in satisfaction of such Taxes, the Client remaining liable for any deficiency. If any Taxes shall become payable with respect to any payment made to the Client by the Custodian or its agents in a prior year, the Custodian or its agents may withhold Payments in satisfaction of such prior year's Taxes.
(D) In the event the Client requests that the Custodian provide tax relief services and the Custodian agrees to provide such services, the Custodian or any of its agents, shall apply for appropriate tax relief (either by way of reduced tax rates at the time of an income payment or retrospective tax reclaims in certain markets as agreed from time to time); PROVIDED THAT the -------------- Client provides to the Custodian such documentation and information as is necessary to secure such tax relief. Custodian shall advise Client of the necessary documentation. In no event shall the Custodian or any of its agents be responsible for the difference between the statutory rate of withholding and the treaty rate of withholding if the Custodian or any of its agents are unable to secure tax relief.
Appears in 2 contracts
Samples: Foreign Custody Manager Agreement (Oppenheimer International Value Trust), Global Custodial Services Agreement (Oppenheimer International Diversified Fund)
Tax Status Withholding Taxes. (A) The Client will provide the Custodian with information as to its tax status as reasonably requested by the Custodian from time to time.
(B) The Client may be required from time to time to file such proof of taxpayer status or residence, to execute such certificates and to make such representations and warranties, or to provide any other information or documents in respect of the Property, as the Custodian or any of its agents may deem necessary or proper to fulfill the obligations of the Custodian or its agents under applicable law. The Client shall provide the Custodian or its agents, as appropriate, in a timely manner, with copies, or originals if necessary and appropriate, of any such proofs of residence, taxpayer status or identity, beneficial ownership of Property and any other information or documents which the Custodian or its agents may reasonably request.
(C) If any Taxes shall become payable with respect to any payment due to the Client, such Taxes may be withheld from such payment in accordance with applicable law. The Custodian and any agents may withhold any interest, any dividends or other distributions or securities receivable in respect of Securities, proceeds from the sale or distribution of Securities ("Payments"), or (after prior notice to the Client with a reasonable opportunity to respond) may sell for the account of the Client any part thereof or all of the Securities, and may apply such Payment and/or cash from the Custody Cash Account in satisfaction of such Taxes, the Client remaining liable for any deficiency. If any Taxes shall become payable with respect to any payment made to the Client by the Custodian or its agents in a prior year, the Custodian or its agents may withhold Payments in satisfaction of such prior year's Taxes.
(D) In the event the Client requests that the Custodian provide tax relief services and the Custodian agrees to provide such services, the Custodian or any of its agents, shall apply for appropriate tax relief (either by way of reduced tax rates at the time of an income payment or retrospective tax reclaims in certain markets as agreed from time to time); PROVIDED THAT the Client provides to the Custodian such documentation and information as is necessary to secure such tax relief. In no event shall the Custodian or any of its agents be responsible for the difference between the statutory rate of withholding and the treaty rate of withholding if the Custodian or any of its agents are unable to secure tax relief.
Appears in 2 contracts
Samples: Global Custodial Services Agreement (Janus Aspen Series), Global Custodial Services Agreement (Janus Investment Fund)
Tax Status Withholding Taxes. (A) The Client will provide the Custodian with information as to its tax status as reasonably requested by the Custodian from time to time.
(B) The Client may be required from time to time to file such proof of taxpayer status or residence, to execute such certificates and to make such representations and warranties, or to provide any other information or documents in respect of the Property, as the Custodian or any of its agents may deem necessary or proper to fulfill the obligations of the Custodian or its agents under applicable law. The Client shall provide the Custodian or its agents, as appropriate, in a timely manner, with copies, or originals if necessary and appropriate, of any such proofs of residence, taxpayer status or identity, beneficial ownership of Property and any other information or documents which the Custodian or its agents may reasonably request.
(C) If any Taxes shall become payable with respect to any payment due to the Client, such Taxes may be withheld from such payment in accordance with applicable law. The Custodian and any agents may withhold any interest, any dividends or other distributions or securities receivable in respect of Securities, proceeds from the sale or distribution of Securities ("“Payments"”), or with prior notice to and consent of Client may sell for the account of the Client any part thereof or all of the Securities, and may apply such Payment and/or cash from the Custody Cash Account in satisfaction of such Taxes, the Client remaining liable for any deficiency. If any Taxes shall become payable with respect to any payment made to the Client by the Custodian or its agents in a prior year, the Custodian or its agents may withhold Payments in satisfaction of such prior year's ’s Taxes.
(D) In the event the Client requests that the Custodian provide tax relief services and the Custodian agrees to provide such services, the Custodian or any of its agents, shall apply for appropriate tax relief (either by way of reduced tax rates at the time of an income payment or retrospective tax reclaims in certain markets as agreed from time to time); PROVIDED THAT the Client provides to the Custodian such documentation and information as is necessary to secure such tax relief. Custodian shall advise Client of the necessary documentation. In no event shall the Custodian or any of its agents be responsible for the difference between the statutory rate of withholding and the treaty rate of withholding if the Custodian or any of its agents are unable to secure tax relief.
Appears in 1 contract
Samples: Global Custodial Services Agreement (Oppenheimer U S Government Trust)
Tax Status Withholding Taxes. (A) The Client will provide the Custodian with information as to its tax status as reasonably requested by the Custodian from time to time.
(B) The Client may be required from time to time to file such proof of taxpayer status or residence, to execute such certificates and to make such representations and warranties, or to provide any other information or documents in respect of the Property, as the Custodian or any of its agents may deem necessary or proper to fulfill the obligations of the Custodian or its agents under applicable law. The Client shall provide the Custodian or its agents, as appropriate, in a timely manner, with copies, or originals if necessary and appropriate, of any such proofs of residence, taxpayer status or identity, beneficial ownership of Property and any other information or documents which the Custodian or its agents may reasonably request.
(C) If any Taxes shall become payable with respect to any payment due to the Client, such Taxes may be withheld from such payment in accordance with applicable law. The Custodian and any agents may withhold any interest, any dividends or other distributions or securities receivable in respect of Securities, proceeds from the sale or distribution of Securities ("PaymentsPAYMENTS"), or may sell for the account of the Client any part thereof or all of the Securities, and may apply such Payment and/or cash from the Custody Cash Account in satisfaction of such Taxes, the Client remaining liable for any deficiency. If any Taxes shall become payable with respect to any payment made to the Client by the Custodian or its agents in a prior year, the Custodian or its agents may withhold Payments in satisfaction of such prior year's Taxes.
(D) In the event the Client requests that the Custodian provide tax relief services and the Custodian agrees to provide such services, the Custodian or any of its agents, shall apply for appropriate tax relief (either by way of reduced tax rates at the time of an income payment or retrospective tax reclaims in certain markets as agreed from time to time); PROVIDED THAT the Client provides to the Custodian such documentation and information as is necessary to secure such tax relief. In no event shall the Custodian or any of its agents be responsible for the difference between the statutory rate of withholding and the treaty rate of withholding if the Custodian or any of its agents are unable to secure tax relief.
Appears in 1 contract
Samples: Global Custodial Services Agreement (Dljdirect Mutual Funds)
Tax Status Withholding Taxes. (A) The Client will provide the Custodian with information as to its tax status as reasonably requested by the Custodian from time to time.
(B) The Client may be required from time to time to file such proof of taxpayer status or residence, to execute such certificates and to make such representations and warranties, or to provide any other information or documents in respect of the Property, as the Custodian or any of its agents may deem necessary or proper to fulfill the obligations of the Custodian or its agents under applicable law. The Client shall provide the Custodian or its agents, as appropriate, in a timely manner, with copies, or originals if necessary and appropriate, of any such proofs of residence, taxpayer status or identity, beneficial ownership of Property and any other information or documents which the Custodian or its agents may reasonably request.
(C) If any Taxes shall become payable with respect to any payment due to the Client, such Taxes may be withheld from such payment in accordance with applicable law. The Custodian and any agents may withhold any interest, any dividends or other distributions or securities receivable in respect of Securities, proceeds from the sale or distribution of Securities ("Payments"), or with prior notice to and consent of Client may sell for the account of the Client any part thereof or all of the Securities, and may apply such Payment and/or cash from the Custody Cash Account in satisfaction of such Taxes, the Client remaining liable for any deficiency. If any Taxes shall become payable with respect to any payment made to the Client by the Custodian or its agents in a prior year, the Custodian or its agents may withhold Payments in satisfaction of such prior year's Taxes.
(D) In the event the Client requests that the Custodian provide tax relief services and the Custodian agrees to provide such services, the Custodian or any of its agents, shall apply for appropriate tax relief (either by way of reduced tax rates at the time of an income payment or retrospective tax reclaims in certain markets as agreed from time to time); PROVIDED THAT the Client provides to the Custodian such documentation and information ------------- as is necessary to secure such tax relief. Custodian shall advise Client of the necessary documentation. In no event shall the Custodian or any of its agents be responsible for the difference between the statutory rate of withholding and the treaty rate of withholding if the Custodian or any of its agents are unable to secure tax relief.
Appears in 1 contract
Samples: Global Custodial Services Agreement (Oppenheimer Multi Cap Value Fund)
Tax Status Withholding Taxes. (Aa) The Client Customer’s U.S. Tax Identification Number of each Portfolio is listed in Appendix X. If the Portfolio does not have a U.S. Tax Identification Number, the Customer will provide the Custodian Bank with information as to its tax status as reasonably requested by the Custodian Bank from time to time.
(Bb) The Client Customer may be required from time to time to file such proof of taxpayer status or residence, to execute such certificates and to make such representations and warranties, or to provide any other information or documents in respect of the Propertydocuments, as the Bank and/or a Foreign Custodian or any of its agents may deem necessary or proper to fulfill the Bank’s and/or Foreign Custodian’s obligations of the Custodian or its agents under applicable law. The Client Customer shall provide the Custodian or its agents, as appropriateBank and/or Foreign Custodian, in a timely manner, with copies, or copies of originals if necessary and appropriate, of or any such proofs of residence, taxpayer status or identitystatus, beneficial ownership of Property and any other information or documents which the Bank and/or a Foreign Custodian or its agents may reasonably request.
(Cc) If any Taxes tax or other governmental charge or assessment shall become payable with respect to any payment due to the ClientCustomer (“Taxes”), such Taxes may shall be withheld from such payment in accordance with applicable law. The Bank and/or a Foreign Custodian and any agents may withhold any interest, any dividends or other distributions or securities receivable in respect of Securities, proceeds from the sale or distribution of Securities ("“Payments"”), or may sell for the account of the Client Customer any part thereof or all of the Securities, and may apply such Payment in satisfaction of such Taxes, the Client Customer/s appropriate Portfolio remaining liable for any deficiency. If any Taxes shall become payable with respect to any payment made to the Client Customer by the Bank or a Foreign Custodian or its agents in a prior year, the Bank and the Foreign Custodian or its agents may withhold Payments in satisfaction of such prior year's ’s Taxes. The Customer shall indemnify and hold harmless the Bank and the Foreign Custodian, its officers, employees, agents and affiliated companies against any Taxes, penalties, additions to tax, and interest, and costs and expenses related thereto, arising out of claims against the Bank and/or the Foreign Custodian by any governmental authority for failure to withhold Taxes or arising out of any reclaim or refund of taxes or other tax benefit obtained by the Bank or the Foreign Custodian for the Customer.
(Dd) In the event the Client requests that the Custodian provide tax relief services and the Custodian agrees to provide such services, the Custodian or any of its agents, The Bank shall apply for appropriate a reduction of withholding tax relief and refund of any tax paid or tax credits which apply in each foreign country in respect of income payments on Securities for the benefit of a Portfolio which the Bank believes may be available to such Customer.
(either i) The provision of tax reclaim services by way Bank is conditional upon the Bank receiving from the beneficial owner of reduced tax rates at Securities (A) a declaration of its identity and place of residence and (B) certain other documentation (pro forma) copies of which are available from the time of an income payment or retrospective tax reclaims in certain markets as agreed from time to time); PROVIDED THAT Bank. The Customer shall provide the Client provides to the Custodian Bank with such documentation and information as the Bank may require in connection with taxation, and warrants that, when given, this information shall be true and correct and contain all material information requested. The Customer undertakes to update any such information which requires updating or amendment as the Bank may request;
(ii) Except to the extent caused by the Bank’s own negligence or willful misconduct, the Bank shall not be liable to Customer or any third party for any taxes, fines, or penalties payable by the Bank on behalf of the Customer, and shall by indemnified accordingly, whether these result from (x) inaccurate completion of documents, provision to the Bank or any third party of inaccurate or misleading information or the withholding of material information, in any of the foregoing cases by the Customer or a third party on behalf of Customer, (y) as a result of any delay of any revenue authority, or (z) any other matter beyond the control of Bank;
(iii) Customer confirms that Bank is necessary authorized to secure deduct from any cash received or credited to a Portfolio’ cash account any taxes or levies required by any revenue or governmental authority for whatever reason in respect of the Securities of such tax reliefCustody Account and the Customer shall be furnished periodic reports of such deductions. In connection with the foregoing, the Customer shall, to the extent of any such payment by the Bank, be subrogated to, and the Bank shall assign and be deemed to have assigned to the Customer, all of its rights in, to and against any such revenue or governmental authority in respect of such payment;
(iv) The Bank shall perform tax reclaim services only with respect to taxation levied by the revenue authorities of the countries notified to the Customer from time to time and the Bank may, by notification in writing, at its absolute discretion, change the countries in which the tax reclaim services are offered; provided that the Bank shall afford the Customer advance notice of any such change where reasonably practicable. Other than as expressly provided in this Agreement, Bank shall have no event shall responsibility with regard to Customer’s tax position or status in any such jurisdiction;
(v) The Customer confirms that the Custodian Bank is authorized to disclose any information requested by any revenue authority or any governmental body in relation to the Customer or the Securities and/or cash held for a Portfolio which Bank, in good faith, concludes is in connection with the tax services contemplated hereby. Bank shall furnish Customer with notice of its agents such requests where the same are, in the Bank’s reasonable judgment, not made in the ordinary course; and
(vi) Tax reclaim services may be responsible provided by the Bank or, in whole or in part, by one or more third parties appointed by the Bank (which may be affiliates of Bank); provided that the Bank shall be liable for the difference between performance of any such third party to the statutory rate same extent as the Bank would have been if it performed such services itself.
(e) This Section 14 shall survive the termination of withholding this Agreement and continue in force until the treaty rate time for assessment of withholding if the Custodian or any of its agents are unable to secure tax reliefall Taxes expires.
Appears in 1 contract
Samples: Custodial Services Agreement (Dimensional Emerging Markets Value Fund)
Tax Status Withholding Taxes. (Aa) The Client Customer's U.S. Tax Identification Number is ___________________. If the Customer does not have a U.S. Tax Identification Number, it will provide the Custodian Bank with information as to its tax status as reasonably requested by the Custodian Bank from time to time.
(Bb) The Client Customer may be required from time to time to file such proof of taxpayer status or residence, to execute such certificates and to make such representations and warranties, or to provide any other information or documents in respect of the Propertydocuments, as the Bank and/or an Eligible Foreign Custodian or any of its agents may deem necessary or proper to fulfill the Bank's and/or Eligible Foreign Custodian's obligations of the Custodian or its agents under applicable law. The Client Customer shall provide the Custodian or its agents, as appropriateBank and/or Eligible Foreign Custodian, in a timely manner, with copies, or copies of originals if necessary and appropriate, of or any such proofs of residence, taxpayer status or identitystatus, beneficial ownership of Property and any other information or documents which the Bank and/or an Eligible Foreign Custodian or its agents may reasonably request.
(Cc) If any Taxes tax or other governmental charge or assessment shall become payable with respect to any payment due to the ClientCustomer ("Taxes"), such Taxes may shall be withheld from such payment in accordance with applicable law. The Bank and/or an Eligible Foreign Custodian and any agents may withhold any interest, any dividends or other distributions or securities receivable in respect of Securities, proceeds from the sale or distribution of Securities ("Payments"), or may sell for the account of the Client Customer any part thereof or all of the Securities, and may apply such Payment in satisfaction of such Taxes, the Client Customer remaining liable for any deficiency. If any Taxes shall become payable with respect to any payment made CITIBANK SECURITIES SERVICES ---------------------------- to the Client Customer by the Bank or an Eligible Foreign Custodian or its agents in a prior year, the Bank and the Eligible Foreign Custodian or its agents may withhold Payments in satisfaction of such prior year's Taxes. The Customer shall indemnify and hold harmless the Bank and the Eligible Foreign Custodian, its officers, employees, agents and affiliated companies against any Taxes, penalties, additions to tax, and interest, and costs and expenses related thereto, arising out of claims against the Bank and/or the Eligible Foreign Custodian by any governmental authority for failure to withhold Taxes or arising out of any reclaim or refund of taxes or other tax benefit obtained by the Bank or the Eligible Foreign Custodian for the Customer.
(Dd) In This Section 13 shall survive the event the Client requests that the Custodian provide tax relief services termination of this Agreement and the Custodian agrees to provide such services, the Custodian or any of its agents, shall apply for appropriate tax relief (either by way of reduced tax rates at continue in force until the time for assessment of an income payment or retrospective tax reclaims in certain markets as agreed from time to time); PROVIDED THAT the Client provides to the Custodian such documentation and information as is necessary to secure such tax relief. In no event shall the Custodian or any of its agents be responsible for the difference between the statutory rate of withholding and the treaty rate of withholding if the Custodian or any of its agents are unable to secure tax reliefall Taxes expires.
Appears in 1 contract
Samples: Subcustodial Services Agreement (Compass Capital Funds\)
Tax Status Withholding Taxes. (A) The Client will provide the Custodian with information as to its tax status as reasonably requested by the Custodian from time to timeFund's U.S. Tax Identification Number is MML Managed Bond Fund 04- 2741778.
(B) The Client Fund may be required from time to time to file such proof of taxpayer status or residence, to execute such certificates and to make such representations and warranties, or to provide any other information or documents in respect of the Propertydocuments, as the Bank and/or the Eligible Foreign Custodian or any of its agents may deem necessary or proper to fulfill the Bank's and/or Eligible Foreign Custodian's obligations of the Custodian or its agents under applicable law. The Client Fund shall provide the Bank and/or Eligible Foreign Custodian or its agents, as appropriate, in a timely manner, with copies, or copies of originals if necessary and appropriate, of or any such proofs of residence, taxpayer status or identitystatus, beneficial ownership of Property and any other information or documents which the Bank and/or a Eligible Foreign Custodian or its agents may reasonably request.
(C) If any Taxes tax or other governmental charge or assessment shall become payable with respect to any payment due to the ClientFund ("Taxes"), such Taxes may shall be withheld from such payment in accordance with applicable law. The Bank and/or the Eligible Foreign Custodian and any agents may withhold any interest, any dividends or other distributions or securities receivable in respect of Securities, proceeds from the sale or distribution of Securities ("Payments"), or may sell for the account of the Client Fund any part thereof or all of the Securities, and may apply such Payment in satisfaction of such Taxes, the Client Fund remaining liable for any deficiency. If any Taxes shall become payable with respect to any payment made to the Client Fund by the Bank or a Eligible Foreign Custodian or its agents in a prior year, the Bank and the Eligible Foreign Custodian or its agents may withhold Payments in satisfaction of such prior year's Taxes. The Fund shall indemnify and hold harmless the Bank and the Eligible Foreign Custodian, its officers, employees, agents and affiliated companies against any Taxes, penalties, additions to tax, and interest, and costs and expenses related thereto, arising out of claims against the Bank and the Eligible Foreign Custodian by any governmental authority for failure to withhold Taxes or arising out of any reclaim or refund of taxes or other tax benefit obtained by the Bank or the Eligible Foreign Custodian for the Fund.
(D) In This Section 15 shall survive the event the Client requests that the Custodian provide tax relief services termination of this Agreement and the Custodian agrees to provide such services, the Custodian or any of its agents, shall apply for appropriate tax relief (either by way of reduced tax rates at continue in force until the time for assessment of an income payment or retrospective tax reclaims in certain markets as agreed from time to time); PROVIDED THAT the Client provides to the Custodian such documentation and information as is necessary to secure such tax relief. In no event shall the Custodian or any of its agents be responsible for the difference between the statutory rate of withholding and the treaty rate of withholding if the Custodian or any of its agents are unable to secure tax reliefall Taxes expires.
Appears in 1 contract
Samples: Custodial Services Agreement (MML Series Investment Fund)
Tax Status Withholding Taxes. (A) The Client will provide the Custodian with information as to its tax status as reasonably requested by the Custodian from time to time.
(B) The Client may be required from time to time to file such proof of taxpayer status or residence, to execute such certificates and to make such representations and warranties, or to provide any other information or documents in respect of the Property, as the Custodian or any of its agents may deem necessary or proper to fulfill the obligations of the Custodian or its agents under applicable law. The Client shall provide the Custodian or its agents, as appropriate, in a timely manner, appropriate with copies, or originals if necessary and appropriate, of any such proofs of residence, taxpayer status or identity, beneficial ownership of Property and any other information or documents which the Custodian or its agents may reasonably request.
(C) If any Taxes shall become payable with respect to any payment due to the Client, such Taxes may be withheld from such payment in accordance with applicable law. The Custodian and any agents may withhold any interest, any dividends or other distributions or securities receivable in respect of Securities, proceeds from the sale or distribution of Securities ("Payments"), or may sell for the account of the Client any part thereof or all of the Securities, and may apply such Payment and/or cash from the Custody Cash Account in satisfaction of such Taxes, the Client remaining liable for any deficiency. If any Taxes shall become payable with respect to any payment made to the Client by the Custodian or its agents in a prior year, the Custodian or its agents may withhold Payments in satisfaction of such prior year's Taxes.
(D) In the event the Client requests that the Custodian provide tax relief services and the Custodian agrees to provide such services, the Custodian or any of its agents, shall apply for appropriate tax relief (either by way of reduced tax rates at the time of an income payment or retrospective tax reclaims in certain markets as agreed from time to time); PROVIDED THAT the Client provides to the Custodian such documentation and information as is necessary to secure such tax relief. In no event shall the Custodian or any of its agents be responsible for the difference between the statutory rate of withholding and the treaty rate of withholding if the Custodian or any of its agents are unable to secure tax relief.. -------------------------------------------------------------------------------- 12 [CITIBANK LOGO] --------------------------------------------------------------------------------
Appears in 1 contract
Samples: Global Custodial Services Agreement (Jefferson Pilot Variable Fund Inc)
Tax Status Withholding Taxes. (A) The Client will provide the Custodian with information as to its tax status as reasonably requested by the Custodian from time to time.
(B) The Client may be required from time to time to file such proof of taxpayer status or residence, to execute such certificates and to make such representations and warranties, or to provide any other information or documents in respect of the Property, as the Custodian or any of its agents may deem necessary or proper to fulfill the obligations of the Custodian or its agents under applicable law. The Client shall provide the Custodian or its agents, as appropriate, in a timely manner, with copies, or originals if necessary and appropriate, of any such proofs of residence, taxpayer status or identity, beneficial ownership of Property and any other information or documents which the Custodian or its agents may reasonably request.
(C) If any Taxes shall become payable with respect to any payment due to the Client, such Taxes may be withheld from such payment in accordance with applicable law. The Custodian and any agents may withhold any interest, any dividends or other distributions or securities receivable in respect of Securities, proceeds from the sale or distribution of Securities ("Payments"), or with prior notice to and consent of Client may sell for the account of the Client any part thereof or all of the Securities, and may apply such Payment and/or cash from the Custody Cash Account in satisfaction of such Taxes, the Client remaining liable for any deficiency. If any Taxes shall become payable with respect to any payment made to the Client by the Custodian or its agents in a prior year, the Custodian or its agents may withhold Payments in satisfaction of such prior year's Taxes.
(D) In the event the Client requests that the Custodian provide tax relief services and the Custodian agrees to provide such services, the Custodian or any of its agents, shall apply for appropriate tax relief (either by way of reduced tax rates at the time of an income payment or retrospective tax reclaims in certain markets as agreed from time to time); PROVIDED THAT the Client provides to the Custodian such documentation and information as is necessary to secure such tax relief. Custodian shall advise Client of the necessary documentation. In no event shall the Custodian or any of its agents be responsible for the difference between the statutory rate of withholding and the treaty rate of withholding if the Custodian or any of its agents are unable to secure tax relief.
Appears in 1 contract
Samples: Global Custodial Services Agreement (Oppenheimer California Municipal Fund)
Tax Status Withholding Taxes. (A) The Client will provide the Custodian with information as to its tax status as reasonably requested by the Custodian from time to timeFund's U.S. Tax Identification Number is MML Blend Fund 00-0000000.
(B) The Client Fund may be required from time to time to file such proof of taxpayer status or residence, to execute such certificates and to make such representations and warranties, or to provide any other information or documents in respect of the Propertydocuments, as the Bank and/or the Eligible Foreign Custodian or any of its agents may deem necessary or proper to fulfill the Bank's and/or Eligible Foreign Custodian's obligations of the Custodian or its agents under applicable law. The Client Fund shall provide the Bank and/or Eligible Foreign Custodian or its agents, as appropriate, in a timely manner, with copies, or copies of originals if necessary and appropriate, of or any such proofs of residence, taxpayer status or identitystatus, beneficial ownership of Property and any other information or documents which the Bank and/or a Eligible Foreign Custodian or its agents may reasonably request.
(C) If any Taxes tax or other governmental charge or assessment shall become payable with respect to any payment due to the ClientFund ("Taxes"), such Taxes may shall be withheld from such payment in accordance with applicable law. The Bank and/or the Eligible Foreign Custodian and any agents may withhold any interest, any dividends or other distributions or securities receivable in respect of Securities, proceeds from the sale or distribution of Securities ("Payments"), or may sell for the account of the Client Fund any part thereof or all of the Securities, and may apply such Payment in satisfaction of such Taxes, the Client Fund remaining liable for any deficiency. If any Taxes shall become payable with respect to any payment made to the Client Fund by the Bank or a Eligible Foreign Custodian or its agents in a prior year, the Bank and the Eligible Foreign Custodian or its agents may withhold Payments in satisfaction of such prior year's Taxes. The Fund shall indemnify and hold harmless the Bank and the Eligible Foreign Custodian, its officers, employees, agents and affiliated companies against any Taxes, penalties, additions to tax, and interest, and costs and expenses related thereto, arising out of claims against the Bank and the Eligible Foreign Custodian by any governmental authority for failure to withhold Taxes or arising out of any reclaim or refund of taxes or other tax benefit obtained by the Bank or the Eligible Foreign Custodian for the Fund.
(D) In This Section 15 shall survive the event the Client requests that the Custodian provide tax relief services termination of this Agreement and the Custodian agrees to provide such services, the Custodian or any of its agents, shall apply for appropriate tax relief (either by way of reduced tax rates at continue in force until the time for assessment of an income payment or retrospective tax reclaims in certain markets as agreed from time to time); PROVIDED THAT the Client provides to the Custodian such documentation and information as is necessary to secure such tax relief. In no event shall the Custodian or any of its agents be responsible for the difference between the statutory rate of withholding and the treaty rate of withholding if the Custodian or any of its agents are unable to secure tax reliefall Taxes expires.
Appears in 1 contract
Samples: Custodial Services Agreement (MML Series Investment Fund)
Tax Status Withholding Taxes. (A) The Client will provide the Custodian with information as to its tax status as reasonably requested by the Custodian from time to time.
(B) The Client may be required from time to time to file such proof of taxpayer status or residence, to execute such certificates and to make such representations and warranties, or to provide any other information or documents in respect of the Property, as the Custodian or any of its agents may deem necessary or proper to fulfill the obligations of the Custodian or its agents under applicable law. The Client shall provide the Custodian or its agents, as appropriate, in a timely manner, with copies, or originals if necessary and appropriate, of any such proofs of residence, taxpayer status or identity, beneficial ownership of Property and any other information or documents which the Custodian or its agents may reasonably request.
(C) If any Taxes shall become payable with respect to any payment due to the Client, such Taxes may be withheld from such payment in accordance with applicable law. The Custodian and any agents may withhold any interest, any dividends or other distributions or securities receivable in respect of Securities, proceeds from the sale or distribution of Securities ("Payments"), or may sell for the account of the Client any part thereof or all of the Securities, and may apply such Payment and/or cash from the Custody Cash Account in satisfaction of such Taxes, the Client remaining liable for any deficiency. If any Taxes shall become payable with respect to any payment made to the Client by the Custodian or its agents in a prior year, the Custodian or its agents may withhold Payments in satisfaction of such prior year's Taxes.
(D) In the event the Client requests that the Custodian provide tax relief services and the Custodian agrees to provide such services, the Custodian or any of its agents, shall apply for appropriate tax relief (either by way of reduced tax rates at the time of an income payment or retrospective tax reclaims in certain markets as agreed from time to time); PROVIDED THAT the Client provides to the Custodian such documentation and information as is necessary to secure such tax relief. In no event shall the Custodian or any of its agents be responsible for the difference between the statutory rate of withholding and the treaty rate of withholding if the Custodian or any of its agents are unable to secure tax relief.
Appears in 1 contract
Samples: Global Custodial Services Agreement (Aal Mutual Funds)
Tax Status Withholding Taxes. (A) The Client will provide the Custodian with information as to its tax status as reasonably requested by the Custodian from time to time.
(B) The Client may be required from time to time to file such proof of taxpayer status or residence, to execute such certificates and to make such representations and warranties, or to provide any other information or documents in respect of the Property, as the Custodian or any of its agents may deem necessary or proper to fulfill the obligations of the Custodian or its agents under applicable law. The Client shall provide the Custodian or its agents, as appropriate, in a timely manner, with copies, or originals if necessary and appropriate, of any such proofs of residence, taxpayer status or identity, beneficial ownership of Property and any other information or documents which the Custodian or its agents may reasonably request.
(C) If any Taxes shall become payable with respect to any payment due to the Client, such Taxes may be withheld from such payment in accordance with applicable law. The Custodian and any agents may withhold any interest, any dividends or other distributions or securities receivable in respect of Securitiessecurities, proceeds from the sale or distribution of Securities securities ("PaymentsPAYMENTS"), or (after prior notice to the Client with a reasonable opportunity to respond) may sell for the account of the Client any part thereof or all of the Securities, and may apply such Payment and/or cash from the Custody Cash Account in satisfaction of such Taxes, the Client remaining liable for any deficiency. If any Taxes shall become payable with respect to any payment made to the Client by the Custodian or its agents in a prior year, the Custodian or its agents may withhold Payments in satisfaction of such prior year's Taxes.
(D) In the event the Client requests that the Custodian provide tax relief services and the Custodian agrees to provide such services, the Custodian or any of its agents, shall apply for appropriate tax relief (either by way of reduced tax rates at the time of an income payment or retrospective tax reclaims in certain markets as agreed from time to time); PROVIDED THAT the Client provides to the Custodian such documentation and information as is necessary to secure such tax relief. In no event shall the Custodian or any of its agents be responsible for the difference between the statutory rate of withholding and the treaty rate of withholding if the Custodian or any of its agents are unable to secure tax relief.
Appears in 1 contract