Common use of Treatment of Reporting Austrian Financial Institutions Clause in Contracts

Treatment of Reporting Austrian Financial Institutions. Subject to the provisions of paragraph 2 of Article 4 of this Agreement, each Reporting Austrian Financial Institution that registers with the IRS on the IRS FATCA registration website and complies with the terms of an FFI Agreement shall be treated as complying with the requirements of, and as not subject to withholding under, section 1471 of the U.S. Internal Revenue Code.