Swiss Borrower definition

Swiss Borrower means a Borrower incorporated in Switzerland and/or having its registered office in Switzerland and/or qualifying as a Swiss resident pursuant to Art. 9 of the Swiss Federal Withholding Tax Act.
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Swiss Borrower shall have the meaning given to such term in the opening paragraph of this Agreement;
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Swiss Borrower means any Swiss Subsidiary that has been designated as such pursuant to Section 2.20 and that has not ceased to be a Swiss Borrower as provided in such Section.
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Examples of Swiss Borrower in a sentence

  • The Swiss Borrower hereby irrevocably appoints U.S. Borrower (the “Process Agent”), as its agent to receive on behalf of the Swiss Borrower and its property service of copies of the summons and complaint and any other process which may be served in any such action or proceeding.

  • The Swiss Borrower shall ensure that at all times it is in compliance with the Non-Bank Rules.

  • This paragraph (c) is without prejudice to the indemnification obligations of any Obligor other than the Swiss Borrower in respect of any amounts deducted for the account of Swiss Withholding Tax.

  • The Administrative Agent and ▇▇▇▇▇▇▇ may disburse the Loans to such bank account of the Borrower Representative or any Borrower or otherwise make such Loans to any Borrower as the Borrower Representative may designate or direct, without notice to the Swiss Borrower or any other Obligor.

  • For the avoidance of doubt, U.S. Borrower shall maintain its jurisdiction of organization or formation in the United States, any State thereof or the District of Columbia and the Swiss Borrower shall maintain its jurisdiction of organization or formation in Switzerland.


More Definitions of Swiss Borrower

Swiss Borrower shall have the meaning assigned to such term in the preamble hereto.
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Swiss Borrower means Garrett Motion Sàrl.
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Swiss Borrower has the meaning set forth in Section 11.22.
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Swiss Borrower means, for purposes of Swiss Withholding Tax, a Borrower that is organized under the laws of Switzerland or which is treated as resident in Switzerland for Swiss Withholding Tax purposes.
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Swiss Borrower means Dermavant or any other loan party which is incorporated in Switzerland or, if different, is considered to be tax resident in Switzerland for Swiss Withholding Tax purposes.
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Swiss Borrower means any Swiss Subsidiary that becomes a Subsidiary Borrower pursuant to Section 2.23 and that has not ceased to be a Subsidiary Borrower pursuant to such Section.
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Swiss Borrower means a Borrower that is organised under the laws of Switzerland or which is treated as resident in Switzerland for Swiss Federal Withholding Tax purposes.
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