Definition of paying agent. For the purposes of this Agreement, ‘paying agent’ in Swit- zerland shall mean banks under Swiss banking law, securities dealers under the Federal Law on Stock Exchanges and Security Trading, natural and legal persons resident or established in Switzerland, partnerships and permanent establishments of foreign companies, which even occasionally, accept, hold, invest or transfer assets of third parties or merely pay interest or secure the payment of interest in the course of their business.
Appears in 4 contracts
Samples: Memorandum of Understanding, Agreement on Taxation of Savings Income, Agreement on Taxation of Savings Income
