FATCA Reporting Sample Clauses
The FATCA Reporting clause requires parties to comply with the Foreign Account Tax Compliance Act by disclosing relevant financial information to tax authorities. In practice, this means that entities must identify and report accounts held by U.S. persons or entities to ensure proper tax compliance, often involving the collection of specific documentation and timely submission of reports. This clause is essential for ensuring that all parties meet their legal obligations under U.S. tax law and helps prevent tax evasion by increasing transparency in cross-border financial transactions.
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FATCA Reporting. Without limiting any of Section 10.1(d) or 10.1(e) hereof, if a Lender would be subject to United States federal withholding taxes imposed by FATCA on payments made pursuant to the Loan Documents or the Obligations and such Lender fails to comply with the applicable reporting requirements of FATCA (including those contained in Section 1471(b) or 1472(b) of the Code, as applicable), such Lender shall provide such documentation prescribed by applicable law (including as prescribed by Section 1471(b)(3)(C)(i) of the Code) and such additional documentation reasonably requested by the Borrower or the Administrative Agent as may be necessary for the Borrower or the Administrative Agent to comply with their obligations under FATCA, to determine that such Lender has complied with such Lender’s obligations under FATCA, or to determine the amount to deduct and withhold from any such payments under FATCA. The Borrower and each of its Subsidiaries shall timely provide such information reasonably requested by the Administrative Agent or any Lender that may be necessary to comply with its information collection or reporting obligations under FATCA.
FATCA Reporting. If the client is classified as a US person, the Company will be obliged to disclose required financial and other related information to the regulators. Hence, the Client hereby understands and agrees to discharge the Company from the responsibilities for the release of his or her account information without obtaining client’s approval, and undertakes to indemnifies the Company for any consequences arising from such disclosure.
FATCA Reporting. If the account holder is classified as a US person, the bank will be obliged to disclose required financial and other related information to the regulators. Hence, the Client hereby understands, agrees and indemnifies the bank of the responsibilities for the release of his or her account information without obtaining approval.
FATCA Reporting. If a payment made to a Lender or L/C Issuer under any Loan Document would be subject to U.S. federal withholding tax imposed by FATCA if such Lender or L/C Issuer were to fail to comply with the applicable requirements of FATCA, such Lender or L/C Issuer shall deliver to the Borrower and the Administrative Agent, at the time or times prescribed by applicable law and at such time or times reasonably requested by the Borrower or the Administrative Agent, such documentation prescribed by applicable law and such additional documentation reasonably requested by the Borrower or the Administrative Agent as may be necessary for the Borrower and the Administrative Agent to comply with their obligations under FATCA and to determine that such Lender or L/C Issuer has complied with such Lender’s or L/C Issuer’s obligations under FATCA or to determine the amount to deduct and withhold from such payment.
FATCA Reporting. If the client is classified as a US person, the Company will be obliged to disclose required financial and other related information to the regulators. Hence, the Client hereby understands and agrees to discharge the Company from the responsibilities for the release of his or her account information without obtaining client›s approval, and undertakes to indemnifies the Company for any consequences arising from such disclosure. ةــــيماظنلا تاــــبلطتملا دــــحأ وــــه ةــــيبنجلأا تاباــــسحلل يــــبيرضلا مازــــتللاا نوــــناق جراــخ نوــلمعي نــيذلا نــــييكيرملأا نــينطاوملا نــع غلاــــبلإل اــــهميمصت مــــت يــــتلا وأ تاــنايك عــم نــيدقاعتم وأ نيرمثتــسمك ءاوــس ةــيكيرملأا ةدــحتملا تاــيلاولا حاــصفلإا ةكرــشلا ىــلع نــيعتي ،يــــكيرمأ نــطاومك باــــسحلا فــــينصت لاــــح يــــف ةــــلصلا تاذ ىرــــخلأا تاــــمولعملاو باــــسحلا بــــحاصل ةــــيلاملا تاــــمولعملا نــــع قــــفاويو لــــيمعلا كردــــي ،مازــــتللاا اذــــه بــــجومبو هــــيلع .ةــــيماظنلا تاــــهجلل ىــــلع لوــــصحلا نود هباــــسح تاــــمولعم نــــع حاــــصفلإاب ةكرــــشلا ماــــيق ىــــلع يأ نــــع رامثتــــسلال ءاــــمنلإا ضــــيوعت اذــــكو ءارــــجلإا اذــــه ىــــلع هــــنم ةــــقفاوم .حاــصفلإا اذــــه نــــع جــــتنت ةيلوؤــــسم I acknowledge that the information I have provided is accurate and valid; and I bear responsibility for any liability that may result from my failure to disclose required information or from the inaccuracy or invalidity of information I provided. I further acknowledge that I have read, understood and accepted the terms and conditions of this Agreement. And I acknowledge that I have read and accepted the following: • Terms and Conditions of Opening Investment Account • Terms and Conditions of Implementing the Instructions via Telephone or Fax • Terms and Conditions of Implementing the Instructions via Online Channels • Tadawul Private Use Subscription Admission • All documents submitted to open an investment account is valid and legal. And It has been signed upon this جــتنت دــق ةيلوؤــسم يأ لــمحتأو ،ةروــكذملا تاــنايبلاو تاــمولعملا ةــحصب رــقأ مدــع وأ ،اــهنع حاــصفلإا ةــيقافتلاا بــلطتت تاــــنايب يأ نــــع يــــحاصفإ مدــــع نــــع اــــهماكحأو ةــــيقافتلاا هذــــه طورــــش تــــلبقو تــــمهفو تأرــــق دــــقلو ،اــــهتحص .ةــــينوناقو ةــــحيحص Name