FATCA Deduction. 16.7.1 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. 16.7.2 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 and, in addition, shall notify the Company and the Initial ACF Agent and the Initial ACF Agent shall notify the other Finance Parties.
Appears in 2 contracts
Sources: Amendment and Restatement Deed, Initial Authorised Credit Facilities Agreement
FATCA Deduction. 16.7.1 16.8.1 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.
16.7.2 16.8.2 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 and, in addition, shall notify the Company and the Initial ACF Agent and the Initial ACF Agent shall notify the other Finance Parties.
Appears in 2 contracts
Sources: Common Terms Agreement (Net 1 Ueps Technologies Inc), Common Terms Agreement (Net 1 Ueps Technologies Inc)
FATCA Deduction. 16.7.1 12.6.1 Each Party may make any FATCA Deduction it is required by FATCA to make by FATCAmake, 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.
16.7.2 12.6.2 Each Party shall promptly, 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 and, in addition, shall notify the Company and Borrowers, the Initial ACF Agent and the Initial ACF Agent shall notify the other Finance Parties.
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