FATCA Exempt Party definition

FATCA Exempt Party means a Party that is entitled to receive payments free from any FATCA Deduction.

FATCA Exempt Party means a party to this Agreement that is entitled to receive payments free from any FATCA Deduction.

FATCA Exempt Party means a Person that is entitled to receive payments free from any FATCA Deduction;

Examples of FATCA Exempt Party in a sentence

• If a Party confirms to another Party pursuant to 13.4(a)(i) above that it is a FATCA Exempt Party and it subsequently becomes aware that it is not, or has ceased to be a FATCA Exempt Party, that Party shall notify that other Party reasonably promptly.

• The Borrower is a FATCA Exempt Party with respect to Earnings payable to it.

• After the Client confirms that he is a FATCA Exempt Party when opening an account, the Client shall renew every THREE (3) years to continue enjoying tax exemption.

• Each Borrower is a FATCA Exempt Party with respect to Earnings payable to that Borrower.

• If a Party fails to confirm whether or not it is a FATCA Exempt Party or to supply forms, documentation or other information requested in accordance with paragraph (a) above (including, for the avoidance of doubt, where paragraph (c) above applies), then such Party shall be treated for the purposes of the Finance Documents (and payments under them) as if it is not a FATCA Exempt Party until such time as the Party in question provides the requested confirmation, forms, documentation or other information.

More Definitions of FATCA Exempt Party

FATCA Exempt Party means a Party that is entitled to receive payments free from any FATCA Withholding.

FATCA Exempt Party means a Party that is entitled to receive payments free from any FATCA Deduction. Fee Letter means any letter or letters between the Arrangers and the Company, or the Agent and the Company, setting out any of the fees referred to in Clause 11 (Fees).

FATCA Exempt Party means a Party that is entitled to receive payments free of any FATCA Deductions.

FATCA Exempt Party means a person who is not a US Person and who is receive payments free from any deduction or withholding required by FATCA.

FATCA Exempt Party means a party to a Finance Document that is entitled to receive payments free from any FATCA Deduction. "Fair Market Value" means, in relation to a Ship, a valuation of its market price as determined in accordance with Clause 16.3 (Valuation of Ships). "Fee Letter" means any letter or letters dated on or about the date of this Agreement between any of the Arrangers, the Bookrunner, the Agent, the Co-ordinator and the Security Trustee and the Borrower setting out any of the fees referred to in Clause 21.1 (Fees). "Finance Documents" means: (a) this Agreement; (b) any Fee Letter; (c) each Drawdown Notice; (d) the Mortgages; (e) the Deeds of Covenant; (f) the General Assignments; (g) the Account Pledges; (h) the Master Agreement Assignments;

FATCA Exempt Party means a Party that is entitled to receive payments free from any FATCA Deduction. “Fee Letter” means:

FATCA Exempt Party means a Party which is entitled to receive payments free from any deduction on account of FATCA.