Examples of Swiss Paying Agent in a sentence
If the Paying Agent or Swiss Paying Agent (other than the Company, the Guarantor or an affiliate of the Company or the Guarantor) holds on the Maturity Date or any redemption date or date for repurchase of the Securities money sufficient to pay Securities payable or to be redeemed or repurchased on such date, then on and after such date such Securities shall cease to be outstanding and interest on them shall cease to accrue.
Upon doing so, the Paying Agent or Swiss Paying Agent shall have no further liability for the money so paid over to the Trustee.
After payment to the Company or to the Guarantor, Holders entitled to such money must look to the Company or to the Guarantor, as the case may be, for payment as general creditors unless an applicable law designates another Person, and all liability of the Trustee, such Paying Agent and such Swiss Paying Agent with respect to such money shall cease.
The Registrar, any transfer agent, the Paying Agent and Swiss Paying Agent shall forward to the Trustee any Securities surrendered to them for transfer, exchange or payment.
The Paying Agent, the Swiss Paying Agent and the Trustee, as applicable, shall be entitled to deduct or withhold from payments under this Indenture to the extent necessary to comply with applicable tax laws (inclusive of rules, regulations and interpretations promulgated by competent authorities) related to this Indenture in effect from time to time (“Applicable Tax Law”) that a foreign financial institution, issuer, trustee, paying agent or other party is or has agreed to be subject to (including FATCA).