Common use of Purpose of Substitute Form W-9 Clause in Contracts

Purpose of Substitute Form W-9. To prevent backup withholding on payments made to a holder or other payee with respect to Certificates, the holder is required to notify the Paying Agent of the holder’s correct TIN by completing the form below, certifying that the TIN provided on Substitute Form W-9 is correct (or that such holder is awaiting a TIN) and that (1) the holder has not been notified by the Internal Revenue Service that the holder is subject to backup withholding as a result of failure to report all interest or dividends or (2) the Internal Revenue Service has notified the holder that the holder is no longer subject to backup withholding.

Appears in 2 contracts

Sources: Stock Purchase Agreement (Sixx Holdings Inc), Stock Purchase Agreement (Bailey Lee Ann)