Common use of Status of Holder Clause in Contracts

Status of Holder. On or promptly after the Closing Date, the Holder shall deliver to the Company appropriate IRS Form(s) W-8 (including, if Holder is not the beneficial owner, executed copies of IRS Form W-8IMY) and, to the extent it is claiming any such exemption, qualification or reduction, executed copies of any form necessary to establish qualification for the exemption for portfolio interest under Section 881(c) of the Code or qualification for the benefits of an income tax treaty to which the United States is a party, and any other form prescribed by applicable law as a basis for claiming exemption from or a reduction in U.S. federal withholding Tax, duly completed, together with such supplementary documentation as may be prescribed by applicable law to permit the Company to determine the withholding or deduction required to be made. The Holder agrees that if any form or certification it previously delivered expires or becomes obsolete or inaccurate in any respect, it shall update such form or certification or promptly notify the Company in writing of its legal inability to do so.