FATCA Deduction. Each party may make any FATCA Deduction it is required to make by FATCA, and any payment required in connection with that FATCA Deduction, and no party shall be required to increase any payment in respect of which it makes such a FATCA Deduction or otherwise compensate the recipient of the payment for that FATCA Deduction. Each party shall promptly, upon becoming aware that it must make a FATCA Deduction (or that there is any change in the rate or the basis of such FATCA Deduction), notify the party to whom it is making the payment.
Appears in 4 contracts
Samples: Note Purchase and Security Agreement (Opiant Pharmaceuticals, Inc.), Loan and Security Agreement (ProQR Therapeutics N.V.), Loan and Security Agreement (Soligenix, Inc.)
FATCA Deduction. (a) Each party Party may make any FATCA Deduction it is required to make by FATCA, and any payment required in connection with that FATCA Deduction, and no party Party shall be required to increase any payment in respect of which it makes such a FATCA Deduction or otherwise compensate the recipient of the payment for that FATCA Deduction. (b) Each party Party shall promptly, upon becoming aware that it must make a FATCA Deduction (or that there is any change in the rate or the basis of such FATCA Deduction), notify the party Party to whom it is making the payment.
Appears in 4 contracts
Samples: Additional Clauses (DryShips Inc.), Additional Clauses (DryShips Inc.), DryShips Inc.
FATCA Deduction. 12.7.1 Each party Party may make any FATCA Deduction it is required to make by FATCA, and any payment required in connection with that FATCA Deduction, and no party Party shall be required to increase any payment in respect of which it makes such a FATCA Deduction or otherwise compensate the recipient of the payment for that FATCA Deduction. Each party shall promptly, upon becoming aware that it must make a FATCA Deduction (or that there is any change in the rate or the basis of such FATCA Deduction), notify the party to whom it is making the payment.
Appears in 3 contracts
Samples: Schneider Electric Se, Facilities Agreement (Elbit Imaging LTD), www.se.com
FATCA Deduction. 12.27 Each party Party may make any FATCA Deduction it is required to make by FATCA, and any payment required in connection with that FATCA Deduction, and no party Party shall be required to increase any payment in respect of which it makes such a FATCA Deduction or otherwise compensate the recipient of the payment for that FATCA Deduction. Each party shall promptly, upon becoming aware that it must make a FATCA Deduction (or that there is any change in the rate or the basis of such FATCA Deduction), notify the party to whom it is making the payment.
Appears in 3 contracts
Samples: Facility Agreement (Hafnia LTD), Facility Agreement (Hafnia LTD), Facility Agreement (Hafnia LTD)
FATCA Deduction. 12.8.1 Each party Party may make any FATCA Deduction it is required to make by FATCA, and any payment required in connection with that FATCA Deduction, and no party Party shall be required to increase any payment in respect of which it makes such a FATCA Deduction or otherwise compensate the recipient of the payment for that FATCA Deduction. 12.8.2 Each party Party shall promptly, upon becoming aware that it must make a FATCA Deduction (or that there is any change in the rate or the basis of such FATCA Deduction), ) notify the party Party to whom it is making the payment.
Appears in 1 contract
Samples: Euroseas Ltd.
FATCA Deduction. Each party Party may make any FATCA Deduction it is required to make by FATCA, and any payment required in connection with that FATCA Deduction, and no party Party shall be required to increase any payment in respect of which it makes such a FATCA Deduction or otherwise compensate the recipient of the payment for that FATCA Deduction. Each party shall promptlyParty shall, promptly upon becoming aware that it must make a FATCA Deduction in respect of a payment to another Party (or that there is any change in the rate or the basis of such FATCA Deduction), notify the party Party to whom which it is making the payment.
Appears in 1 contract
Samples: Loan Agreement (Affimed N.V.)
