Common use of Change of Account Clause in Contracts

Change of Account. Section 2(b) of the Agreement is hereby amended by the addition of the following after the word “change” in the fourth line thereof: “; provided that if any new account of one party is not in the same tax jurisdiction as the original account, the other party shall not be obliged to pay, for tax reasons, any greater amount and shall not be obliged to accept any lesser amount as a result of such change than would have been the case if such change had not taken place.”

Appears in 7 contracts

Samples: Equity Distribution Agreement (Federal Realty OP LP), Equity Distribution Agreement (Welltower Inc.), Equity Sales Agreement (Kimco Realty OP, LLC)

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Change of Account. Section 2(b) of the Agreement is hereby amended by the addition of the following after the word “change” in the fourth line thereof: “; provided that if any new account of one party is not in the same tax jurisdiction as the original account, the other party shall not be obliged to pay, for tax reasons, pay any greater amount and shall not be obliged entitled to accept any lesser receive no less amount as a result of such change than would have been the case if such change had not taken place.

Appears in 2 contracts

Samples: W. P. Carey Inc., W. P. Carey Inc.

Change of Account. Section 2(b) of the Agreement is hereby amended by the addition of the following after the word “change” in the fourth line thereof: “; provided that if any a new account of one party is not in the same tax jurisdiction as the original account, the other party party, for tax reasons, shall not be obliged to pay, for tax reasons, pay any greater amount and shall not be obliged to accept any lesser amount as a result of such change than would have been the case if such change had not taken place.”

Appears in 2 contracts

Samples: Equity Distribution Agreement (DUKE REALTY LTD PARTNERSHIP/), DUKE REALTY LTD PARTNERSHIP/

Change of Account. Section 2(b) of the this Agreement is hereby amended by the addition insertion of the following at the end thereof after the word "change” in the fourth line thereof": “; "provided that if any such new account of one party is shall not be in the same jurisdiction having the same power to tax jurisdiction as the original account, the other party not changing its account shall not be obliged to pay, for tax reasons, pay any greater amount amounts and shall not be obliged to accept any lesser amount receive less as a result of such change than would have been the case if such change had not taken place."

Appears in 2 contracts

Samples: Master Agreement (Cef Equipment Holding LLC), Master Agreement (Cef Equipment Holding LLC)

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Change of Account. Section 2(b) of the this Agreement is hereby amended by the addition insertion of the following at the end thereof after the word "change” in the fourth line thereof": "; provided that if any such new account of one party is shall not be in the same jurisdiction having the same power to tax jurisdiction as the original account, the other party not changing its account shall not be obliged to pay, for tax reasons, pay any greater amount amounts and shall not be obliged to accept any lesser amount receive less as a result of such change than would have been the case if such change had not taken place."

Appears in 1 contract

Samples: Assignment and Recognition Agreement (Natixis Real Estate Capital Trust 2007-He2)

Change of Account. Section 2(b) of the this Agreement is hereby amended by the addition of the following after at the word “change” in the fourth line end thereof: “; provided that that, if any new account of one party is not in the same tax jurisdiction as the original account, the other party shall not be obliged to pay, for tax reasons, any greater amount and shall not be obliged to accept receive any lesser amount as a result of such change than would have been the case if such change had not taken place.”

Appears in 1 contract

Samples: Arcos Dorados Holdings Inc.

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