Territorial clause Sample Clauses

Territorial clause. The start-up company has its location and its main business activity – which is judged as the place where most employees are based – in one of the cantons BE, SO, NE, FR, JU. If the company location is transferred to a canton not named above or to a foreign country then the amount already paid out under the terms of the loan agreement has to be repaid within six months of the change of location, without requiring notice from the STI. The same applies if the start-up company transfers its main business activity to a canton other than those mentioned above or to a foreign country, in particular but not exclusively by founding subsidiaries, opening branch offices, sites etc. and/or by becoming a stakeholder in other companies. The BORROWER must provide the STI with relevant information as soon as it is re- quested and must also supply appropriate documentary evidence. If the BORROWER fails to meet this request within the specified time and/or if the infor- mation supplied and/or the evidence submitted does not allow for a definitive as- sessment, then the STI is authorised to demand repayment by registered post of the full amount already paid under the terms of the loan agreement within six months.
Sample 1
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