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 and, in addition, shall notify the Borrower and the Agent, and the Agent shall notify the other Finance Parties.
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Sources: Facility Agreement
FATCA Deduction. (a) 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. .
(b) Each Party shall must 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 must notify the Borrower Obligors' Agent and the Agent, and the Agent shall notify the other Finance PartiesLender.
Appears in 1 contract
FATCA Deduction. (a) 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 will 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 shall must 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 a FATCA Deduction) ), notify the Party to whom it is making the payment and, in addition, shall must notify the Borrower and the Agent, Agent and the Agent shall must notify the other Finance Parties.
Appears in 1 contract
Sources: Bridge Loan Facility Agreement (Lifezone Metals LTD)
FATCA Deduction. (a) 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 is 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 shall promptlymust, upon promptly on 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 must notify the Borrower Company and the Facility Agent, and the Facility Agent shall must promptly notify the other Finance Parties.
Appears in 1 contract
FATCA Deduction. (a) 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 is 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 shall promptlymust, 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 must notify the Borrower Company, the Facility Agent and the Agent, and the Agent shall notify the other Finance Parties.
Appears in 1 contract
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 shall party will 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 shall promptly, upon becoming party must as soon as reasonably practical after it becomes aware that it must make a FATCA Deduction (or that there is any change in the rate or the basis of such the FATCA Deduction) notify the Party party to whom it is making the payment and, in addition, shall must notify the Borrower and the AgentBorrower, and the Agent shall notify and the other Finance Parties.
Appears in 1 contract