Domestic Holding Company means any Domestic Subsidiary of Borrower (a) all of the assets of which (other than immaterial assets) consist of the Equity Interests and/or Indebtedness of one (1) or more Foreign Subsidiaries or (b) that is treated as a disregarded entity for U.S. federal income tax purposes and holds Equity Interests in one (1) or more Foreign Subsidiaries.
Domestic Holding Company any Subsidiary (other than a Foreign Subsidiary) substantially all of the assets of which consist of equity interests in one or more foreign Subsidiaries.
Domestic Holding Company means a Domestic Subsidiary that has no material assets other than Capital Stock (or Capital Stock and indebtedness) of one or more Foreign Subsidiaries.
Examples of Domestic Holding Company in a sentence
Nevada Xxxxxx Drilling Domestic Holding Company, LLC 100 % DGH, Inc.
Nevada Xxxxxx Drilling Domestic Holding Company, LLC 100 % Xxxxxx Drilling Company of Bolivia, Inc.
Nevada Xxxxxx Drilling Domestic Holding Company, LLC 100 % Creek International Rig Corp.
The Lender hereby acknowledges that no insurance is maintained (and is deemed not customary) for any Loan Party that is a Domestic Holding Company.
Section 1.956-2(c)(2)) of any CFC or Excluded Domestic Holding Company (such excess, the “Excess Securities”) in order to facilitate compliance with this Article, the Administrative Agent agrees that (i) such Excess Securities shall not constitute Pledged Collateral or Collateral, (ii) the Administrative Agent shall have no right, title or interest in or to such Excess Securities and (iii) the Administrative Agent shall hold such Excess Securities solely as a nominee for the benefit of such Grantor.
More Definitions of Domestic Holding Company
Domestic Holding Company means any Domestic Subsidiary, substantially all of the assets of which consist of the Capital Stock or Capital Stock and Indebtedness of one or more Foreign Subsidiaries that are CFCs and that is in compliance with Section 6.15.
Domestic Holding Company means any Domestic Subsidiary that is disregarded as an entity separate from its owner for U.S. federal income tax purposes and either (i) substantially all of its assets consist of Equity Interests of one or more Foreign Subsidiaries that are “controlled foreign corporations” (as defined in Section 957(a) of the Code) or (ii) a significant portion of its assets consist of Equity Interests in one or more Foreign Subsidiaries that are “controlled foreign corporations” as so defined and the direct or indirect pledge of more than sixty-six and two-thirds percent (66 2/3%) of the Equity Interests in such Foreign Subsidiaries, in the reasonable judgment of Borrower, would result in a materially adverse tax consequence to Borrower or its Affiliates.
Domestic Holding Company means any Subsidiary of a Borrower organized under the laws of the United States, any state thereof, the District of Columbia, or any other jurisdiction within the United States, (a) that is treated as a disregarded entity for U.S. federal income tax purposes, (b) all of the assets (other than de minimis assets) of which consist of the Equity Interests of one or more Foreign Subsidiaries (other than a Subsidiary organized in Canada), (c) that is in compliance with Section 6.15, and (d) in which the pledge of all of the Equity Interests of such Subsidiary as Collateral would, as reasonably determined by Borrowers and set forth in a certificate of a Responsible Officer of Administrative Borrower delivered to Administrative Agent, result in material adverse tax consequences to Borrowers.
Domestic Holding Company also means a company that is under common control with a company described in (3)(A)(ii). For purposes of this subdivision (3)(B), "under common control" means no less than fifty percent (50%) ownership.
Domestic Holding Company means a Domestic Subsidiary that has no material assets other than Capital Stock (or Capital Stock and indebtedness) of one or more Foreign Subsidiaries. “Domestic Subsidiary” shall mean each Subsidiary of the Borrower that is organized under the Applicable Laws of the United States, any state, territory, protectorate or commonwealth thereof or the District of Columbia. “EEA Financial Institution” shall mean (a) any credit institution or investment firm established in any EEA Member Country which is subject to the supervision of an EEA Resolution Authority, (b) any entity established in an EEA Member Country which is a parent of an institution described in clause (a) of this definition or (c) any financial institution established in an EEA Member Country which is a subsidiary of an institution described in clauses (a) or (b) of this definition and is subject to consolidated supervision with its parent; “EEA Member Country” shall mean any of the member states of the European Union, Iceland, Liechtenstein and Norway. “EEA Resolution Authority” shall mean any public administrative authority or any Person entrusted with public administrative authority of any EEA Member Country (including any delegee) having responsibility for the resolution of any EEA Financial Institution. “Eligible Assignee” shall have meaning set forth in Section 12.06(b). 13
Domestic Holding Company means a company, itself or through its parent company, subsidiary, or other affiliate, that either:
Domestic Holding Company means (i) a Subsidiary other than the Company, (ii) Perma-Pipe Canada, unless otherwise designated in writing by the Borrower Agent, (iii) Perma-Pipe International, and (iv) any other Domestic Subsidiary of the Company designated in writing by the Borrower Agent as a holding company.