Designated Foreign Subsidiary definition

Designated Foreign Subsidiary means each Wholly Owned Subsidiary which is a Foreign Subsidiary and is organized or incorporated in a Borrowing Base Jurisdiction.

Designated Foreign Subsidiary means an Affiliate organized under the laws of any jurisdiction or country other than the United States of America that may be designated by the Board or the Committee from time to time.

Designated Foreign Subsidiary means any Foreign Subsidiary, individually, and in the aggregate with other Foreign Subsidiaries, which owns personal property and assets, in each case determined as of the most recent fiscal year end, in an amount less than ten percent (10.0%) of all of the personal property and assets of Verastem.

Examples of Designated Foreign Subsidiary in a sentence

• Each Loan Party has taken all necessary organizational action to authorize the execution, delivery and performance of the Loan Documents to which it is a party and, in the case of the U.S. Borrower, the UK Borrower and any Designated Foreign Subsidiary Borrower, to authorize the extensions of credit on the terms and conditions of this Agreement.

• No fees are payable by any Seller or any of their respective Subsidiaries in connection with any transaction involving a Designated Foreign Subsidiary pursuant to Section 6.11.

• Revolving Credit Loans made to the U.S. Borrower may be Base Rate Loans or Eurodollar Rate Loans, as further provided herein, and all Revolving Credit Loans made to any Designated Foreign Subsidiary Borrower shall be Eurodollar Rate Loans (or, if denominated in Dollars, may also be made as Base Rate Loans) as further provided herein.

• Cause each Designated Foreign Subsidiary Borrower to maintain required approvals and authorizations of the appropriate Governmental Authorities that are necessary to be a Borrower under the Revolving Credit Facility.

• Neither the Administrative Agent nor any Lender shall have any obligation to protect, secure, perfect or insure any Lien at any time held by it as security for the Designated Foreign Subsidiary Borrower Obligations or for the guarantee under this Section 10 or any property subject thereto.

More Definitions of Designated Foreign Subsidiary

Designated Foreign Subsidiary means any one of Black Construction Corporation, a Guam corporation, Black Micro Corporation, a Northern Marianas corporation, Frontier Xxxxxx Constructores Limitada, a Chilean corporation, Frontier-Xxxxxx Constructors ULC, a Nova Scotian unlimited liability company, and Perini Holding Company Cayman Islands, a Cayman Islands company, and Perini International Corporation, a Cayman Islands corporation, and “Designated Foreign Subsidiaries” means all of such Subsidiaries.

Designated Foreign Subsidiary. Any Designated Subsidiary that is a Foreign Subsidiary.

Designated Foreign Subsidiary means (a) each Foreign Subsidiary Borrower and (b) each Material Foreign Subsidiary.

Designated Foreign Subsidiary the Additional Borrower and each Subsidiary organized under the laws of Germany.

Designated Foreign Subsidiary means any Subsidiary of the Borrower organized in a jurisdiction outside of the United States, set forth on Schedule 3, as such schedule may be amended and supplemented from time to time (either to add new Subsidiaries or to delete existing Subsidiaries from such Schedule) by delivery by the Borrower to the Administrative Agent of a supplement to Schedule 3 (each, a "Designated Foreign Subsidiary"); provided that (i) the aggregate equity investment by the Borrower and its Subsidiaries (other than its Designated Foreign Subsidiaries) in all such Designated Foreign Subsidiaries shall not at any time exceed $5,000,000, and (ii) the aggregate fair market value of assets of all such Designated Foreign Subsidiaries shall not at any time exceed $15,000,000.

Designated Foreign Subsidiary means each Wholly Owned Subsidiary which is a Material Subsidiary and Foreign Subsidiary and is organized or incorporated in Canada, Germany, the Netherlands or the United Kingdom.

Designated Foreign Subsidiary means each Subsidiary of the Borrower that is (x) designated by the Borrower (upon prior written notice to the Administrative Agent) as a Designated Foreign Subsidiary and (y) organized under the laws of a Qualified Foreign Jurisdiction. The Borrower understands and agrees that it shall bear sole responsibility for determining the tax or other effects of the designation of a Subsidiary as a Designated Foreign Subsidiary pursuant to this Agreement.