Swiss Subsidiary definition

Swiss Subsidiary means any Subsidiary that is incorporated or otherwise organized in Switzerland.

Swiss Subsidiary has the meaning assigned thereto in Section 13.8.2(g).

Swiss Subsidiary means any Subsidiary that is incorporated or otherwise organized under the laws of, or resident for tax purposes in, Switzerland or any political subdivision thereof, including, with respect to AIH, the Guernsey branch.

Examples of Swiss Subsidiary in a sentence

• Notwithstanding the foregoing, if Swiss Withholding Tax is required in respect of any interest payable by the Swiss Subsidiary Borrower, then the applicable interest rate shall be adjusted as set forth in Section 2.08(d), subject to the conditions set forth herein.

• Notwithstanding anything to the contrary in Section 10.01, any such amendments necessary or desirable to limit Swiss Withholding Tax (i) shall be effective with the consent of the Parent Borrower, the Swiss Subsidiary Borrower and each relevant Lender and (ii) shall not be construed to obligate any Loan Party to assume additional or different payment, guaranty or other economic burdens then as currently set forth herein.

• For the avoidance of doubt, the Swiss Subsidiary Borrower shall be required to comply with the increased interest rule such as set out under Section 2.08(d) above in respect of all Lenders or participants that have complied with their obligations under all provisions referred to under this Section 2.08(f).

• Swiss Subsidiary Borrower shall assume, for the purposes of determining the total number of creditors which are Non-Eligible Swiss Banks with respect to the Twenty Non-Bank Rule, that at all times, with respect to the Obligations of the Swiss Subsidiary Borrower hereunder, there are ten (10) Non-Eligible Swiss Banks.

• Swiss Subsidiary Borrower shall ensure that while it is a Borrower it shall comply with the Swiss Withholding Tax Rules, subject to the Lenders complying with their obligations under Section 10.07 and their representations and undertakings otherwise set forth herein.

More Definitions of Swiss Subsidiary

Swiss Subsidiary means any Subsidiary tax resident in Switzerland pursuant to Article 9 of the Swiss Federal Withholding Tax Act.

Swiss Subsidiary means any Subsidiary that is incorporated or otherwise organized in Switzerland. "Swiss Francs" or "SF" means the lawful money of Switzerland.

Swiss Subsidiary means any Subsidiary of Borrower that is organized under the laws of any jurisdiction within Switzerland.

Swiss Subsidiary means any Subsidiary of the Lead 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 Withholding Tax Act.

Swiss Subsidiary means Town Sports, A.G., a corporation organized under the laws of Switzerland and a Wholly Owned Foreign Subsidiary of the Borrower.

Swiss Subsidiary means Xxxxxxx Technologies SA.

Swiss Subsidiary means a Subsidiary incorporated in Switzerland and/or having its registered office in Switzerland and/or qualifying as a Swiss resident pursuant to article 9 of the Swiss Withholding Tax Act; and