Affected Subsidiary definition

Affected Subsidiary shall have the meaning assigned to such term in Section 6.04(c).

Affected Subsidiary means any Subsidiary that is (a) prohibited by applicable law, rule or regulation or by any contractual obligation existing on the Effective Date from guaranteeing the Obligations or which would require governmental (including regulatory) consent, approval, license or authorization from a United States Governmental Authority to provide a Guarantee unless such consent, approval, license or authorization has been received, (b) a Not-For-Profit Subsidiary or (c) any other Subsidiary not required to be a Subsidiary Guarantor hereunder under the circumstances where the Borrower and the Administrative Agent reasonably and mutually agree that the cost of providing a Guarantee of the Obligations is excessive in relation to the value afforded thereby.

Affected Subsidiary means any Subsidiary that is (a) prohibited by applicable law, rule or regulation or by any contractual obligation existing on the Effective Date from guaranteeing the Obligations or which would require governmental (including regulatory) consent, approval, license or authorization from a United States Governmental Authority to provide a Guarantee unless such consent, approval, license or authorization has been received,

Examples of Affected Subsidiary in a sentence

• Notwithstanding the foregoing, except as provided in Section 5.09(b) or 5.09(d)(iii) or in Article X of this Agreement, no Foreign Subsidiary shall be required to guaranty the payment or performance of any Secured Obligations for so long as such Foreign Subsidiary is an Affected Subsidiary.

• Throughout the term of this Agreement, Owner or the relevant Affected Subsidiary, as the case may be, shall retain all ultimate authority over the business, policies, operations and assets of each of the Affected Facilities and, therefore, shall have the right to review Manager's activities as manager of the Affected Facilities.

• Pursuant to Section 26 of the Credit Agreement, and subject to satisfaction of the conditions contained in Section 5 hereof, the undersigned Lenders representing the Required Lenders hereby grant the Affected Subsidiary Consent.

• Notwithstanding anything contained in this Article X to the contrary, no Foreign Subsidiary Borrower which is and remains an Affected Subsidiary shall be liable hereunder for any of the Loans made solely to any one or more of the Domestic Loan Parties, or any other Secured Obligations owing or otherwise incurred solely by or on behalf any one or more of, the Domestic Loan Parties.

More Definitions of Affected Subsidiary

Affected Subsidiary means (i) any direct or indirect Foreign Subsidiary that is a “controlled foreign corporation” within the meaning of Section 957 of the Code, (ii) any direct or indirect Domestic Subsidiary substantially all of the assets of which consist of Equity Interests in or Indebtedness of one or more direct or indirect Foreign Subsidiaries that are “controlled foreign corporations” within the meaning of Section 957 of the Code and (iii) any direct or indirect Domestic Subsidiary of a direct or indirect Foreign Subsidiary.

Affected Subsidiary means a NYSE Group Securities Exchange to which a Material Adverse Change of European Law applies.

Affected Subsidiary has the meaning assigned to such term in the definition of “Excluded Subsidiary”.

Affected Subsidiary means a Euronext Market Subsidiary owning or operating a Euronext Regulated Market to which a Material Adverse Change of U.S. Law applies.

Affected Subsidiary means any Subsidiary that is (a) prohibited by applicable law, rule or regulation or by any contractual obligation existing on the Effective Date from guaranteeing the Obligations or which would require governmental (including regulatory) consent, approval, license or authorization from a United States Governmental Authority to provide a Guarantee unless such consent, approval, license or authorization has been received,(b) a Not-For-Profit Subsidiary, (c) any other Subsidiary not required to be a Subsidiary Guarantor hereunder under the circumstances where the Borrower and the Administrative Agent reasonably and mutually agree that the cost of providing a Guarantee of the Obligations is excessive in relation to the value afforded thereby or (d) a Domestic Subsidiary substantially all of the assets of which consist of Equity Interests in Foreign Subsidiaries.

Affected Subsidiary means any Subsidiary if a Deemed Dividend Problem or a Financial Assistance Problem would arise if such Subsidiary were to act as a Subsidiary Guarantor.

Affected Subsidiary means each Group Company which represents more than 10% of the total assets of the Issuer, as reflected in the Issuer’s most recent audited annual financial statements;