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.

Swiss Borrower shall have the meaning given to such term in the opening paragraph of this Agreement;

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.

Examples of Swiss Borrower in a sentence

• Each Lender shall notify the Company and Administrative Agent if it determines in its sole discretion that it is ceases to be (a) entitled to claim the benefits of an income tax treaty to which the United Kingdom is a party with respect to payments made by any UK Borrower hereunder or (b) a Qualifying Lender (other than a UK Treaty Lender) in respect of a UK Borrower or (c) a Swiss Qualifying Bank in respect of a Swiss Borrower.

• The relevant Swiss Borrower shall provide the Lenders withsuch documents and information required for applying for a refund of any Swiss Withholding Tax paid.

• For the avoidance of doubt, no Swiss Borrower shall be required to pay any additional amounts under this Section 2.17 if arecalculation of interest is made pursuant to this Section 2.17.

• In the event that Swiss Withholding Tax is refunded to a Lender by the Swiss Federal Tax Administration, the relevant Lender shall forward, after deduction of corresponding and reasonable costs, such amount to the relevant Swiss Borrower, unless an Event of Default iscontinuing.

• A copy of the Assignment and Assumption or other document executed by a relevant Lender and containing the confirmations or indications (as applicable) relating to UK Tax and Swiss Withholding Tax as set out in this Section 2.17(g) shall be delivered to the Company (for the benefit of each UK Borrower and each Swiss Borrower) by such Lender on the same day such document is delivered to the Administrative Agent.

More Definitions of Swiss Borrower

Swiss Borrower means Garrett Motion Sàrl.

Swiss Borrower shall have the meaning assigned to such term in the preamble hereto.

Swiss Borrower means a Borrower that is incorporated in Switzerland or, if different, is considered to be tax resident in Switzerland for Swiss Withholding Tax purposes.

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.

Swiss Borrower has the meaning set forth in Section 11.22.

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.

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.