Acupay definition
Examples of Acupay in a sentence
Should, at that moment, the situation arise whereby the sum of the positions certified through the Acupay System by a Euroclear participant exceeds the total relevant positions held in that participant’s account at Euroclear, the entirety of such participant’s position held at Euroclear will be paid net of Spanish withholding taxes.
Acupay shall maintain records of all Tax Certificates (and other information received through the Acupay System) for the longer of (x) five years from the date of delivery thereof or (y) five years following the final maturity or redemption of the notes, and shall, during such period, make copies of such records available to the issuer at all reasonable times upon request.
Detailed descriptions of such Quick Refund Procedures will be available upon request from Acupay in the event of such early redemption.
Acupay will forward original paper Tax Certificates it receives for receipt by the issuer no later than the 18th calendar day of the month immediately following each Payment Date.
In the event that the issuer notifies Acupay in writing that it is the subject of a tax audit, Acupay shall maintain such duplicate backup copies until the relevant statute of limitations applicable to any tax year subject to audit expires.
Acupay will collect payment instructions from DTC participants or their designees and, no later than 12:00 p.m. (New York time) on the third calendar day following the DTC Quick Refund Deadline, will forward PDF copies of the verified Tax Certificates to the Issuer and the Guarantor and the payment instructions to the Issuer, the Guarantor and the Paying Agent.
The original Tax Certificate must be sent to Acupay for receipt no later than the 15th calendar day of the month following the relevant Interest Payment Date.
The original of each Tax Certificate must be sent to Acupay for receipt no later than the 15th calendar day of the month immediately following the Payment Date.
Acupay shall immediately, but no later than 11:00 a.m. New York time on each Payment Date, release (through a secure data upload/download facility) PDF copies of the final Report to Paying Agent to the Paying Agent and the issuer, along with PDF copies of the related signed Tax Certificates to the issuer.
The information as to the EDS Election and position in the Notes of each participant as of such date shall be provided to Acupay by DTC.