Direct Foreign Subsidiaries definition

Direct Foreign Subsidiaries means, collectively, Rockford (Europe) Elektronik Vertriebs GmbH, a German GmbH, and Rockford Foreign Sales Corporation, a Barbados corporation, as the direct foreign Subsidiaries of the Company.
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Direct Foreign Subsidiaries means each of Lydall Netherlands B.V., Lydall France S.A.S., and Lydall Deutschland Holdings Company.
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Direct Foreign Subsidiaries means any corporation, partnership, limited liability company or other legal entity formed under the laws of any country or territory other than the United States of which any Borrower owns outstanding voting stock or in which a Borrower holds an equity interest.
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Examples of Direct Foreign Subsidiaries in a sentence

  • Notwithstanding the generality of the foregoing, one-third of the Capital Stock of each of the Direct Foreign Subsidiaries shall be excluded from "Collateral".

  • Such release shall no longer be permitted if any Downgrade Date occurs, and the Borrower shall, at its sole expense, take any action and execute all documents and instruments necessary or desirable to reattach Liens on 65% of the stock of Direct Foreign Subsidiaries released after a Rating Date, in each case as promptly as practicable but in no event later than 60 days after such Downgrade Date.

  • From and after the Rating Date, the Collateral Agent shall at the written request and sole expense of the Borrower, take any reasonable action and execute all reasonable documents and instruments to effect the release of the Lien of the Security Documents on all stock of Direct Foreign Subsidiaries.

  • At the election of the Borrower, Senior Parity Debt may either (i) benefit from a guaranty of payment by Domestic Subsidiaries that are significant subsidiaries, or (ii) have the benefit of a pledge of the Pledged Interests in Direct Foreign Subsidiaries that are Significant Subsidiaries, or (iii) both of the foregoing.

  • At the election of the Borrower, Senior Parity Debt may either (i) benefit from a guaranty of payment by Domestic Subsidiaries, or (ii) have the benefit of a pledge of 65% of the voting securities or other ownership interest having voting power and 100% of the other securities of or other ownership interest in Direct Foreign Subsidiaries that are Significant Subsidiaries, or (iii) both of the foregoing.

  • Seller shall deliver to Buyer the share certificates representing its interests in the Direct Foreign Subsidiaries to the extent such interests are certificated.

  • At the election of the Borrower, Senior Parity Debt may either (i) benefit from a guaranty of payment by Domestic Subsidiaries that are Significant Subsidiaries, or (ii) have the benefit of a pledge of the Pledged Interests in Direct Foreign Subsidiaries that are Significant Subsidiaries, or (iii) both of the foregoing.

  • Notwithstanding anything to the contrary in the Credit Agreement or any of the other Loan Documents, from and after the date hereof all of the wholly-owned direct Foreign Subsidiaries of Borrower and AMRESCO de Mexico Equities, S.A. de C.V. (collectively, "Direct Foreign Subsidiaries") shall be Guarantors; provided that any other Foreign Subsidiary, whether or not directly owned by Borrower, may be added as a Guarantor at the direction of Administrative Agent in its sole and absolute discretion.

  • At the election of the Borrower, Senior Parity Debt may either (i) benefit from a guaranty of payment by Domestic Subsidiaries that are Significant Subsidiaries, (ii) have the benefit of a pledge of the Pledged Interests in Direct Foreign Subsidiaries that are Significant Subsidiaries, or (iii) both of the foregoing.

  • Attached hereto as Exhibit A is a correct and complete list of each of the Subsidiaries of Borrower that are required to be "Guarantors" under the Credit Agreement and related Loan Documents as of the date hereof, indicating the initial Guarantors that executed the Credit Agreement, the additional Guarantors added by a Supplement to the Loan Documents, and the Direct Foreign Subsidiaries to be added as Guarantors pursuant to Section 3 hereof.