Minimum Interest. By entering into this Agreement, the Parties have assumed that the interest payable at the rates set out in Clause 9 (Interest) is not and will not become subject to Swiss Anticipatory Tax. Therefore, each Borrower acknowledges and agrees that the interest rates set out in and which are calculated in accordance with Clause 9 (Interest) shall constitute minimum interest rates, which, if Swiss Anticipatory Tax should apply, shall be adjusted as follows:
Appears in 7 contracts
Samples: Facilities Agreement (Xstrata PLC), Facilities Agreement (Xstrata PLC), Facilities Agreement (Xstrata PLC)
Minimum Interest. By entering into this Agreement, the Parties have assumed that the interest payable at the rates set out in Clause 9 10 (Interest) is not and will not become subject to Swiss Anticipatory Tax. Therefore, each the Borrower acknowledges and agrees that the interest rates set out in and which are calculated in accordance with Clause 9 10 (Interest) shall constitute minimum interest rates, which, if Swiss Anticipatory Tax should apply, shall be adjusted as follows:
Appears in 4 contracts
Samples: Term Facilities Agreement (Xstrata PLC), Term Facilities Agreement (Xstrata PLC), Term Facilities Agreement (Xstrata PLC)
Minimum Interest. By entering into this Agreement, the Parties have assumed that the interest payable at the rates set out in Clause 9 10 (Interest) is not and will not become subject to Swiss Anticipatory Tax. Therefore, each Borrower acknowledges and agrees that the interest rates set out in and which are calculated in accordance with Clause 9 10 (Interest) shall constitute minimum interest rates, which, if Swiss Anticipatory Tax should apply, shall be adjusted as follows:
Appears in 2 contracts
Samples: Multicurrency Loan Facility and Subscription Agreement (Xstrata PLC), Subscription Agreement (Falconbridge LTD)
Minimum Interest. By entering into this Agreement, the Parties have assumed that the interest payable at the rates set out in Clause 9 (Interest) is not and will not become subject to Swiss Anticipatory Tax. Therefore, each the Borrower acknowledges and agrees that the interest rates set out in and which are calculated in accordance with Clause 9 (Interest) shall constitute minimum interest rates, which, if Swiss Anticipatory Tax should apply, shall be adjusted as follows:
Appears in 1 contract
Samples: Dual Currency Term Facility Agreement (Xstrata PLC)
Minimum Interest. By When entering into this Agreement, the Parties have assumed that the interest payable at the rates set out in this Clause 9 (Interest) or in other Clauses of this Agreement is not and will not become subject to Swiss Anticipatory TaxWithholding Tax (Verrechnungssteuer). Therefore, each Each Borrower acknowledges and agrees that the interest rates set out provided for in and which are calculated in accordance with Clause 9 (Interest) this Agreement shall constitute minimum interest rates, which, if Swiss Anticipatory Withholding Tax should applyapply notwithstanding that the Parties do not anticipate that any payment of interest will be subject to Swiss Withholding Tax, shall be adjusted as follows:
Appears in 1 contract
Samples: Credit Agreement (Sappi LTD)
Minimum Interest. (a) By entering into this Agreement, the Parties have assumed that the interest payable at the rates rate set out in this Clause 9 (Interest) is not and will not become subject to Swiss Anticipatory Withholding Tax. Therefore, each Borrower acknowledges and agrees that the interest rates set out in and which are calculated in accordance with Clause 9 (Interest) shall constitute minimum interest rates, which, if Swiss Anticipatory Tax should apply, shall be adjusted as follows:.
Appears in 1 contract
Samples: Agreement (Mittal Steel Co N.V.)
