Treaty Bank definition

Treaty Bank means a Bank which:

Treaty Bank means a bank or financial institution which is entitled at its Participation Date to the benefit of a provision in a Double Taxation Treaty giving exemption from withholding or deduction in respect of taxation on interest by a Borrower and which does not carry on business in the jurisdiction of incorporation of that Borrower through a permanent establishment with which the indebtedness under the Finance Documents in respect of which the interest is paid is effectively connected. "U.K." means the United Kingdom of Great Britain and Northern Ireland.

Treaty Bank means a bank, financial institution or other institutional investor (including a hedge fund or securitization fund) which:

Examples of Treaty Bank in a sentence

• Each Recipient agrees that if any certification it previously delivered pursuant to this Section 2.22(b) becomes obsolete or inaccurate in any respect, it shall update such certification or promptly notify the Borrowers and the Agent in writing of its legal inability to remain a UK Qualifying Bank or a UK Treaty Bank, as the case may be.

• Available:www.acem.org.au/media/Access_Block1.pdf (ac- cessed 2007 Mar 7).

• The Transferee represents that it is either (a) a bank for the purposes of section 840A of the Taxes Act 1988 and that it will be beneficially entitled to, and within the charge to corporation tax as regards, any interest it will receive following this transfer or (b) a Double Tax Treaty Bank.

• A Treaty Bank will, as soon as reasonably practicable after receiving a request from the Obligors' Agent to that effect, deliver to that Treaty Bank's local revenue authority such United Kingdom Inland Revenue forms as may be required in order to enable an Obligor to make relevant payments under this Agreement without having to make a deduction or withholding on account of United Kingdom Taxes.

• The rate of interest applicable to a Term Advance from time to time during an Interest Period relating thereto shall be the rate per annum which is the sum of the Margin, the Associated Costs Rate (save in the case of a Double Tax Treaty Bank which does not incur the costs of complying with the reserve asset requirements of the Bank of England) in respect of such Interest Period and LIBOR on the Quotation Date therefor.

More Definitions of Treaty Bank

Treaty Bank means any person to whom payments of interest and fees on the Loans may be made free from U.K. withholding tax or deduction for or on account of tax by virtue of a double tax treaty entered into between the U.K. and the jurisdiction in which that person is resident. U.S. means the United States of America. U.S. Bank means a bank or financial institution incorporated or organised under the laws of the U.S. or any state of the U.S. (including the District of Columbia) or any branch or office located in the U.S. through which any Bank is participating in any Loan and with respect to which interest and fees under this Agreement are treated as effectively connected income.

Treaty Bank means an institution which is resident (as such term is defined in the appropriate Double Taxation Treaty) in a country with which the United Kingdom has an appropriate Double Taxation Treaty giving residents of that country exemption from UK taxation on interest and does not carry on business in the United Kingdom through a permanent establishment with which the facility provided under this Agreement is effectively connected.

Treaty Bank means a person within paragraph (b) of the definition of Qualifying Bank.

Treaty Bank means, in respect of the Belgian Obligor, a Bank which, on the date a payment of interest falls due under this Agreement:

Treaty Bank means an institution which is resident (as such term is defined in the appropriate Double Taxation Treaty) in a country with which the United Kingdom or the United States of America, as appropriate, has an appropriate Double Taxation Treaty giving residents of that country exemption from UK or U.S., as applicable, taxation on interest and does not carry on business in the United Kingdom or the United States of America, as appropriate, through a permanent establishment with which the Facilities are effectively connected.

Treaty Bank means a Bank which is entitled to the benefit of a double taxation treaty between the U.S. and the jurisdiction in which that Bank is resident under which payments of interest and fees under this Agreement may be made free of U.S. withholding tax to that Bank.

Treaty Bank is defined in the definition of Recognised Bank.