Swiss Credit Party definition

Swiss Credit Party means Swiss Borrower and each other Credit Party 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 Withholding Tax Act and/or Art. 4 of the Swiss Stamp Tax Act;
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Swiss Credit Party means Swiss Subsidiary Borrower and each Swiss Guarantor.
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Swiss Credit Party means any Credit Party (if any) incorporated, organized or formed under the laws of Switzerland.
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Examples of Swiss Credit Party in a sentence

  • No Swiss Credit Party shall breach the Non-Bank Rules; it being understood, however, that no Swiss Credit Party shall be in breach of this covenant if the relevant number of creditors is exceeded solely by reason of (i) a failure by one or more Lenders to comply with their obligations under Section 14.6, (ii) by a Lender having made a misrepresentation in respect of the information provided under Section 6.4(e)(i)(D), or (iii) by a Lender having lost its status as Qualifying Bank.

  • Notwithstanding anything to the contrary in this Section 10.4, no Lender may set-off or appropriate and apply any such deposits or any other Indebtedness held or owing by such Lender to or for the credit or the account of any Swiss Credit Party against any Obligations of Parent Borrower or Japanese Subsidiary Borrower, or any Obligations of any U.S. Guarantor in respect of its Guaranty of the Obligations of either Parent Borrower or Japanese Subsidiary Borrower hereunder.