Common use of Withholding Forms Clause in Contracts

Withholding Forms. Escrow Agent does not have any interest in the Escrow Property deposited hereunder but is serving as escrow holder only and having only possession thereof. The Fund and the Advisor will pay or reimburse Escrow Agent upon request for any transfer taxes or other taxes relating to the Escrow Property incurred in connection herewith and will indemnify and hold harmless Escrow Agent from any amounts that it is obligated to pay in the way of such taxes. Any payments of income from this Escrow Account will be subject to withholding regulations then in force with respect to United States taxes. Due to the requirement that all escrow accounts have Taxpayer Identification Numbers documented by appropriate W-8 or W-9 forms, Fund and Advisor will return the appropriate form to Escrow Agent, duly completed and signed by the proper party’s Authorized Representative. The Fund and the Advisor acknowledge that failure to provide such forms may prevent or delay disbursement of the Escrow Property hereunder.

Appears in 2 contracts

Samples: Escrow Agreement (Princeton Private Investment Fund), Escrow Agreement (Princeton Private Equity Access Fund)

AutoNDA by SimpleDocs

Withholding Forms. Escrow Agent does not have any interest in the Escrow Property deposited hereunder but is serving as escrow holder only and having only possession thereof. The Fund and the Advisor will pay or reimburse Escrow Agent upon request for any transfer taxes or other taxes relating to the Escrow Property incurred in connection herewith and will indemnify and hold harmless Escrow Agent from any amounts that it is obligated to pay in the way of such taxes. Any payments of income from this Escrow Account will be subject to withholding regulations then in force with respect to United States taxes. Due to the requirement that all escrow accounts have Taxpayer Identification Numbers documented by appropriate W-8 or W-9 forms, Fund and Advisor will return the appropriate form to Escrow Agent, duly completed and signed by the proper party’s Authorized Representative. The Fund and the Advisor acknowledge that failure to provide such forms may prevent or delay disbursement of the Escrow Property hereunder.

Appears in 1 contract

Samples: Escrow Agreement (Princeton Private Equity Fund)

AutoNDA by SimpleDocs

Withholding Forms. Escrow Agent does not have any interest in the Escrow Property deposited hereunder but is serving as escrow holder only and having only possession thereof. The Fund Purchaser and the Advisor Seller will pay or reimburse Escrow Agent upon request for any transfer taxes or other taxes relating to the Escrow Property incurred in connection herewith and will indemnify and hold harmless Escrow Agent from any amounts that it is obligated to pay in the way of such taxes. Any payments of income from this Escrow Account will be subject to withholding regulations then in force with respect to United States taxes. Due to the requirement that all escrow accounts have Taxpayer Identification Numbers documented by appropriate W-8 or W-9 forms, Fund Purchaser and Advisor will Seller shall return the appropriate form to Escrow Agent, duly completed and signed by the proper partyParty’s Authorized Representative. The Fund Purchaser and the Advisor Seller acknowledge that failure to provide such forms may prevent or delay disbursement of the Escrow Property hereunder.

Appears in 1 contract

Samples: Stock Purchase Agreement (Usec Inc)

Time is Money Join Law Insider Premium to draft better contracts faster.