FOREIGN HOLDING COMPANIES Sample Clauses
The "Foreign Holding Companies" clause defines the rules and requirements for entities that are incorporated or based outside the home country and hold ownership interests in other companies. Typically, this clause outlines the conditions under which such foreign holding companies may participate in transactions, disclose their ownership structures, or comply with local and international regulations. For example, it may require the foreign holding company to provide documentation proving its legal status or to adhere to anti-money laundering laws. The core function of this clause is to ensure transparency and regulatory compliance when dealing with foreign entities, thereby reducing legal and financial risks associated with cross-border ownership.
FOREIGN HOLDING COMPANIES. Permit any Foreign Holding Company to (a) own any assets other than the Capital Securities of Subsidiaries of which sixty-five percent (65%) of such Capital Securities of each such first-tier Foreign 956 Subsidiary has been pledged to the Collateral Agent, for the benefit of the Secured Parties, pursuant to the Subsidiary Pledge and Security Agreement or appropriate Security Documents, (b) make any expenditures other than such minimal expenditures necessary to maintain its separate corporate existence and good standing in the state of its incorporation, (c) create, incur, assume or otherwise become liable with respect to any Indebtedness other than its obligations pursuant to the Guaranty Agreement, (d) have any employees or engage in any trade or business, (e) merge or consolidate with any other Person, (f) sell or otherwise transfer any of its assets or (g) create, incur, assume or permit to exist any Lien on any of its assets.
FOREIGN HOLDING COMPANIES. Notwithstanding any contrary ------------------------- provision in this ▇▇▇▇▇▇▇ ▇▇, ▇▇▇▇ of UK Holdings, Trikon Investments, and Trikon Lux, may (a) sell, assign, lease, transfer, or otherwise dispose of any of its assets OTHER THAN as contemplated as part of the Restructure Phase I or the Restructure Phase II, (b) create, incur, or suffer or permit to be created or incurred or to exist any Lien except Lender Liens upon any of its assets, or (c) merge or consolidate with any other Person or dissolve.
(S) SECTION 13.1 is entirely amended as follows: