Examples of IRS Agreement in a sentence
In addition, in order (a) to obtain an exemption from FATCA withholding on payments it receives or (b) to comply with any applicable IGA legislation, a financial institution that enters into an IRS Agreement or is subject to IGA legislation may be required to (i) report certain information on its U.S. account holders to the government of the United States or another relevant jurisdiction and (ii) withhold 30 per cent.
Upon notification of selection to the Final Award Group, the Company will provide a draft IRS Agreement for each selected project, with a statement of required deposit for individual and prorated work as part of an IRS Scope for a System Impact Study that will involve (a) technical model checkout for each project, (b) any considerations that are specific to a particular project and location, and (c) system impact analyses of the projects as a group.
To avoid withholding under "FATCA" (as defined in Master Condition 1(a) (Definitions)), a non-U.S. financial institution ("FFI") must enter into an agreement with the Internal Revenue Service (an "IRS Agreement") (as described below) or otherwise be exempt from the requirements of FATCA.
To the extent any payments in respect of the Notes are made to a Noteholder by an Intermediary, such Noteholder may be required to comply with the Intermediary's requests for identifying information that would permit the Intermediary to comply with its own IRS Agreement.
It is the intention of the Company to enter into an IRS Agreement and thus to become a participating foreign financial institution (“FFI”).
Further, the Issuer's failure to enter into an IRS Agreement may preclude certain of its affiliates from themselves complying with FATCA.
To avoid withholding under "FATCA{ XE "FATCA" }" (as defined in Master Condition 1(a) (Definitions)), a non-U.S. financial institution ("FFI{ XE "FFI" }") must enter into an agreement with the Internal Revenue Service (an "IRS Agreement{ XE "IRS Agreement" }") (as described below) or otherwise be exempt from the requirements of FATCA.
In order to comply with its information reporting obligation under the IRS Agreement, the Issuer will be obliged to obtain information from all Noteholders.
To comply with FATCA, the Issuer is authorized to enter into an agreement with the IRS (an "IRS Agreement") under which it may be required to, among other things, obtain certain identifying information about Holders and beneficial owners of Notes and certain of their direct and indirect owners, and agree to withhold up to 30 per cent.
In addition, the Issuer has the right to withhold at the required rate (currently 30 per cent.) on all payments made to any beneficial owner of an interest in any of the Notes that fails to supply identifying information requested by the Issuer in connection with FATCA or to certain FFIs that fail to enter into an IRS Agreement or comply with an applicable IGA.