FATCA Exempt Party definition
Examples of FATCA Exempt Party in a sentence
If a Party confirms to another Party pursuant to 13.4(a)(i) above that it is a FATCA Exempt Party and it subsequently becomes aware that it is not, or has ceased to be a FATCA Exempt Party, that Party shall notify that other Party reasonably promptly.
The Borrower is a FATCA Exempt Party with respect to Earnings payable to it.
After the Client confirms that he is a FATCA Exempt Party when opening an account, the Client shall renew every THREE (3) years to continue enjoying tax exemption.
Each Borrower is a FATCA Exempt Party with respect to Earnings payable to that Borrower.
The Administrative Agent shall resign in accordance with Section 15.22 (and, to the extent applicable, shall use reasonable endeavours to appoint a successor Administrative Agent pursuant to Section 15.22) in the event that the Administrative Agent is not entitled to receive all payments under the Loan Documents free from withholding or deduction under FATCA (a "FATCA Exempt Party").