Common use of Notice of Possible Withholding Under FATCA Clause in Contracts

Notice of Possible Withholding Under FATCA. The Republic shall notify each Agent in the event that it determines that any payment to be made by an Agent under any Securities is a payment which could be subject to FATCA Withholding if such payment were made to a recipient that is generally unable to receive payments free from FATCA Withholding, and the extent to which the relevant payment is so treated, provided, however, that the Republic’s obligation under this Clause 22 shall apply only to the extent that such payments are so treated by virtue of characteristics of the Republic, such Securities, or both.

Notice of Possible Withholding Under FATCA. The Republic shall notify each Agent in the event that it determines that any payment to be made by an Agent under any Debt Securities is a payment which could be subject to FATCA Withholding if such payment were made to a recipient that is generally unable to receive payments free from FATCA Withholding, and the extent to which the relevant payment is so treated, provided, however, that the Republic’s obligation under this Clause 22 Section 12 shall apply only to the extent that such payments are so treated by virtue of characteristics of the Republic, such Debt Securities, or both.