Common use of FATCA Deductions Clause in Contracts

FATCA Deductions. If the Administrative Agent or a Syndication Party reasonably believes that an amendment or waiver may constitute a "material modification" for the purposes of FATCA that may result (directly or indirectly) in a deduction or withholding required to be made in respect of a payment to the Administrative Agent or such Syndication Party, under any Loan Document and the Administrative Agent or that Syndication Party (as the case may be) notifies the Borrower and the Administrative Agent accordingly, that amendment or waiver may not be effected without the consent of (x) the Administrative Agent and all Syndication Parties, in case such deduction or withholding may result in respect of a payment to the Administrative Agent hereunder or (y) that Syndication Party, in case such deduction or withholding may result in respect of a payment to such Syndication Party hereunder.