PAYMENTS UNDER THE GUARANTEE. All payments, if any, made by the Guarantor under the Guarantee may, under the current laws and regulations of Switzerland, be paid by the Guarantor in United States dollars and may be freely transferred out of Switzerland, and may be paid under the current laws and regulations of Switzerland without the necessity of obtaining any consent, approval, authorization, registration or other action by, or filing with, any governmental authority of Switzerland, except as described or contemplated in the Registration Statement and except for such prohibitions that would not materially aversely affect the financial condition or results of operation of the Guarantor in the context of the issue of the Securities.
Appears in 4 contracts
Samples: Underwriting Agreement (Ubs Preferred Funding Co LLC I), Underwriting Agreement (Ubs Preferred Funding Trust Iv), Underwriting Agreement (Ubs Preferred Funding Trust Iii)
