Common use of Swiss Non-Bank Rules Clause in Contracts

Swiss Non-Bank Rules. Swissco shall ensure that at all times it is in compliance with the Swiss Non-Bank Rules; provided that Swissco shall not be in breach of this Section 5.18 if the Swiss Non-Bank Rules have been breached solely by reason of (a) a failure by one or more Lenders to comply with their respective obligations under Section 9.04(b) or Section 9.04(c) or (b) a Lender ceasing to be a Qualifying Bank other than as a result of any change after the date it became a Lender under this Agreement in (or in the interpretation, administration, or application of) any law or treaty, or any published practice or published concession of any relevant taxing authority.

Swiss Non-Bank Rules. Swissco shall ensure that at all times it is in compliance with the Swiss Non-Bank Rules; provided that Swissco shall not be in breach of this Section 5.18 representation and warranty if the Swiss Non-Bank Rules have been breached are not complied with solely by reason of (a) a failure by one or more Lenders to comply with their respective obligations under Section 9.04(b) or Section 9.04(c) or (b) a Lender ceasing to be a Qualifying Bank other than as a result of any change after the date it became a Lender under this Agreement in (or in the interpretation, administration, or application of) any law or treaty, or any published practice or published concession of any relevant taxing authority.