Swiss Federal Stamp Duty definition

Swiss Federal Stamp Duty means (a) the transfer stamp duty that may become due on the transfer of securities if a transfer is made by or through a Swiss securities dealer (Effektenhändler) within the meaning of the Swiss Stamp Duty Act of 27 June 1973, as amended (Bundesgesetz über die Stempelabgaben) and (b) the capital issuance stamp duty becoming due upon the issuance of any new Shares by the Issuer;

Swiss Federal Stamp Duty. ’ means (a) the transfer stamp duty that may become due on the transfer of securities if a transfer is made by or through a Swiss securities dealer (Effektenha¨ndler) within the

Swiss Federal Stamp Duty means any stamp tax or stamp duty in accordance with the Swiss Federal Stamp Tax Act (Bundesgesetz über die Stempelabgaben) of 27 June 1973 and the Swiss Federal Stamp Tax Ordinance (Verordnung über die Stempelabgaben) of 3 December 1973, as amended from time to time.

Examples of Swiss Federal Stamp Duty in a sentence

• THE COMPANY AND THE PLACEMENT AGENT UNDERSTAND THAT THE ESCROW AGENT, BY ACCEPTING THE APPOINMTMENT AND DESIGNATION AS ESCROW AGENT WITH RESPECT TO THE PUBLIC OFFERING, IN NO WAY ENDORSES THE MERITS OF THE PUBLIC OFFERING OF THE SHARES.

• Any Swiss Federal Stamp Duty, if due, as well as the fee of the Relevant Exchange, if any, payable upon the delivery of the Issuer Shares to the Noteholder (or any designee of the Noteholder) upon a Conversion will be paid or reimbursed by the Issuer.

• Swiss Securities Transfer Tax The purchase or sale (or other financial transfer) of the common shares, whether by Swiss residents or non-Swiss residents, may be subject to Swiss securities transfer tax of up to 0.15%, calculated on the purchase price or the proceeds if the purchase or sale occurs through or with a Swiss bank or other Swiss securities dealer as defined in the Swiss Federal Stamp Duty Act as an intermediary or party to the transaction unless an exemption applies.

• The Swiss Federal Stamp Duty (if due) as well as the fee of the Relevant Exchange (if any) payable upon the delivery in Switzerland of the Designated Shares arising out of conversion will be paid by the Issuer.