Common use of Loss of FATCA Grandfathering Clause in Contracts

Loss of FATCA Grandfathering. From and after the Amendment No. 1 Effective Date, solely for purposes of FATCA, the Borrower and the Administrative Agent shall treat (and the Lenders hereby authorize the Borrower and the Administrative Agent to treat) the Credit Agreement and all Loans made thereunder (including any Loans already outstanding) as not qualifying as “grandfathered obligations” within the meaning of Treasury Regulation section 1.1471-2(b)(2)(i).

Appears in 2 contracts

Samples: Credit Agreement (American Renal Associates Holdings, Inc.), Credit Agreement (American Renal Associates Holdings, Inc.)

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Loss of FATCA Grandfathering. From and after the Amendment No. 1 No.1 Effective Date, solely for purposes of FATCA, the Borrower and the Administrative Designated Agent shall treat (treat, and the Lenders hereby authorize the Borrower and the Administrative Designated Agent to treat) , the Credit Agreement and all Loans advances made thereunder (including any Loans Advances already outstanding) as not no longer qualifying as “grandfathered obligations” within the meaning of Treasury Regulation section 1.1471-2(b)(2)(i).. [The remainder of this page is intentionally left blank]

Appears in 1 contract

Samples: News Corp

Loss of FATCA Grandfathering. From For purposes of determining withholding Taxes imposed under FATCA, from and after the Amendment No. 1 2 Effective Date, solely for purposes of FATCA, the Borrower and the Administrative Agent shall treat (and the Lenders hereby authorize the Borrower and the Administrative Agent to treat) the Obligations outstanding under the Credit Agreement and all Loans made thereunder (including including, without limitation, any Loans already outstandingoutstanding Loans) as not qualifying as a “grandfathered obligationsobligation” within the meaning of Treasury Regulation section Section 1.1471-2(b)(2)(i).

Appears in 1 contract

Samples: 2 (Claires Stores Inc)

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Loss of FATCA Grandfathering. From For purposes of FATCA, from and after the Amendment No. 1 2 Effective Date, solely for purposes of FATCA, the Borrower and the Administrative Agent shall treat (and the Lenders hereby authorize the Borrower and the Administrative Agent to treat) ), the Amended Credit Agreement and all any Loans made thereunder (including any Loans already outstanding) as not qualifying as “grandfathered obligations” within the meaning of Treasury Regulation section 1.1471Section 1.1472-2(b)(2)(i).

Appears in 1 contract

Samples: Credit Agreement (HMS Holdings Corp)

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