Common use of PAYING AGENCY Clause in Contracts

PAYING AGENCY. The Company hereby appoints Banca del Gottardo as sole Paying Agent (the "Paying Agent") and Banca del Gottardo agrees to pay to the Noteholders all amounts to become due under the Notes. The Company undertakes, in connection with the Issue, not to appoint any institutions as paying agent without the consent of Banca del Gottardo, which consent shall not be unreasonably withheld and not to pay to other banks any commission or remuneration for the payment of interest or principal on the Notes.

PAYING AGENCY. The Company hereby appoints Banca del Gottardo as sole Paying Agent (the "Paying Agent") and Banca del Gottardo agrees to pay to the Noteholders all amounts to become due under the Notes. The Company undertakes, undertakes in connection with the Issue, not to appoint any institutions as paying agent without the consent of Banca del Gottardo, . which consent shall not be unreasonably withheld and not to pay to other banks any commission or remuneration for the payment of interest or principal on the Notes.

PAYING AGENCY. The Company hereby appoints Banca del Gottardo as sole Paying Agent (the "“Paying Agent"”) and Banca del Gottardo agrees to pay to the Noteholders all amounts to become due under the Notes. The Company undertakes, in connection with the Issue, not to appoint any institutions as paying agent without the consent of Banca del Gottardo, which consent shall not be unreasonably withheld and not to pay to other banks any commission or remuneration for the payment of interest or principal on the Notes.