Common use of Withholding and Reporting Requirements Clause in Contracts

Withholding and Reporting Requirements. In connection with this Plan and all distributions thereunder, the Reorganized Debtor shall comply with all withholding and reporting requirements imposed by any federal, state, local or foreign taxing authority, and all distributions hereunder shall be subject to any such withholding and reporting requirements. The Reorganized Debtor shall be authorized to take any and all actions that may be necessary or appropriate to comply with such withholding and reporting requirements, including liquidating a portion of the distribution to be made under the Plan to generate sufficient funds to pay applicable withholding taxes or establishing such other mechanisms that the Reorganized Debtor believes are reasonable and appropriate. All persons holding Claims or Interests shall be required to provide any information necessary to effect information reporting and the withholding of such taxes. Each Holder of an Allowed Claim that is to receive a distribution pursuant to this Plan shall have sole and exclusive responsibility for the satisfaction and payment of any tax obligations imposed by any governmental unit, including income, withholding and other tax obligations, on account of such distribution. No distribution shall be made to or on behalf of such Holder pursuant to this Plan unless and until such Holder has made arrangements satisfactory to the Reorganized Debtor for the payment and satisfaction of such tax obligations.

Withholding and Reporting Requirements. In connection with this Plan and all distributions thereunderhereunder, the Reorganized Debtor Debtors shall comply with all withholding and reporting requirements imposed by any federal, state, local or foreign taxing authority, and all distributions Plan Distributions hereunder shall be subject to any such withholding and reporting requirements. The Reorganized Debtor Debtors shall be authorized to take any and all actions that may be necessary or appropriate to comply with such withholding and reporting requirements, including including, without limitation, liquidating a portion of the distribution to be made under the any Plan Distribution to generate sufficient funds to pay applicable withholding taxes or establishing such any other mechanisms that the Debtors, Reorganized Debtor believes Debtors or the Disbursing Agent believe are reasonable and appropriate, including requiring a holder of a Claim to submit appropriate tax and withholding certifications. All persons holding Claims or Interests shall be required to provide Notwithstanding any information necessary to effect information reporting and the withholding other provision of such taxes. Each Holder this Plan: (i) each holder of an Allowed Claim that is to receive a distribution pursuant to under this Plan shall have sole and exclusive responsibility for the satisfaction and payment of any tax obligations imposed by any governmental unit, including income, withholding and other tax obligations, obligations on account of such distribution. No distribution ; and (ii) no Plan Distributions shall be required to be made to or on behalf of such Holder holder pursuant to this Plan unless and until such Holder holder has made arrangements satisfactory to the Reorganized Debtor Debtors for the payment and satisfaction of such tax obligationsobligations or has, to the Reorganized Debtors’ satisfaction, established an exemption therefrom.

Withholding and Reporting Requirements. In connection with this Plan and all distributions thereunderPlan Distributions hereunder, the Reorganized Debtor Debtors shall comply with all withholding and reporting requirements imposed by any federal, state, provincial, local or foreign taxing authority, and all distributions Plan Distributions hereunder shall be subject to any such withholding and reporting requirements. The Reorganized Debtor Debtors shall be authorized to take any and all actions action that may be necessary or appropriate to comply with such withholding and reporting requirements, including liquidating requiring a portion holder of the distribution a Claim to be made under the Plan to generate sufficient funds to pay applicable submit appropriate tax and withholding taxes or establishing such certifications. Notwithstanding any other mechanisms that the Reorganized Debtor believes are reasonable and appropriate. All persons holding Claims or Interests shall be required to provide any information necessary to effect information reporting and the withholding provision of such taxes. Each Holder this Plan: (a) each holder of an Allowed Claim that is to receive a distribution pursuant to Plan Distribution under this Plan shall have sole and exclusive responsibility for the satisfaction and payment of any tax obligations imposed by any governmental unit, including income, withholding and other tax obligations, obligations on account of such distribution. No distribution ; and (b) no Plan Distributions shall be required to be made to or on behalf of such Holder holder pursuant to this Plan unless and until such Holder holder has made arrangements satisfactory to the Reorganized Debtor Debtors for the payment and satisfaction of such tax obligationsobligations or has, to the Reorganized Debtors’ satisfaction, established an exemption therefrom.

Withholding and Reporting Requirements. In connection with this Plan and all distributions thereunder, Reorganized Pliant and the other Reorganized Debtor Debtors shall comply with all withholding and reporting requirements imposed by any federal, state, local or foreign taxing authority, and all distributions hereunder shall be subject to any such withholding and reporting requirements. The Reorganized Debtor Debtors shall be authorized to take any and all actions that may be necessary or appropriate to comply with such withholding and reporting requirements, including liquidating a portion of the distribution to be made under the Plan to generate sufficient funds to pay applicable withholding taxes or establishing such other mechanisms that the Reorganized Debtor believes are reasonable and appropriate. All persons holding Claims or Interests shall be required to provide any information necessary to effect information reporting and the withholding of such taxes. Each Notwithstanding any other provision of this Plan, (a) each Holder of an Allowed Claim that is to receive a distribution pursuant to this Plan shall have sole and exclusive responsibility for the satisfaction and payment of any tax obligations imposed by any governmental unit, including income, withholding and other tax obligations, on account of such distribution. No distribution and (b) no distribution shall be made to or on behalf of such Holder pursuant to this Plan unless and until such Holder has made arrangements satisfactory to the Reorganized Debtor Debtors for the payment and satisfaction of such tax obligations.

Withholding and Reporting Requirements. In connection with this the Plan and all distributions Plan Distributions thereunder, the Reorganized Debtor Debtors shall comply with all withholding and reporting requirements imposed by any federal, state, provincial, local or foreign taxing authority, and all distributions hereunder Plan Distributions thereunder shall be subject to any such withholding and reporting requirements. The Reorganized Debtor Debtors shall be authorized to take any and all actions action that may be necessary or appropriate to comply with such withholding and reporting requirements, including liquidating requiring a portion holder of a Claim to submit appropriate tax and withholding certifications. Notwithstanding any other provision of the distribution to be made under the Plan to generate sufficient funds to pay applicable withholding taxes or establishing such other mechanisms that the Reorganized Debtor believes are reasonable and appropriate. All persons holding Claims or Interests shall be required to provide any information necessary to effect information reporting and the withholding of such taxes. Each Holder Plan: (a) each holder of an Allowed Claim that is to receive a distribution pursuant to this Plan Distribution under the Plan shall have sole and exclusive responsibility for the satisfaction and payment of any tax obligations imposed by any governmental unit, including income, withholding and other tax obligations, obligations on account of such distribution. No distribution ; and (b) no Plan Distributions shall be required to be made to or on behalf of such Holder holder pursuant to this the Plan unless and until such Holder holder has made arrangements satisfactory to the Reorganized Debtor Debtors for the payment and satisfaction of such tax obligations.obligations or has, to the Reorganized Debtors’ satisfaction, established an exemption therefrom. 118