Excluded Foreign Entity definition

Excluded Foreign Entity means, at any time, any corporation, partnership (general or limited), limited liability company or other business entity (x) that is organized under the laws of any country, state or province other than the United States, Canada, Bermuda or any state, province or territory thereof and (y) the book value of the consolidated gross assets of which do not exceed $1,000,000 at such time.
Sample 1
Excluded Foreign Entity means each Foreign Subsidiary or Joint Venture that has no revenues and tangible assets of less than $250,000 in the aggregate.
Sample 1Sample 2
Excluded Foreign Entity means any Foreign Subsidiary of a Pledgor other than (A) ACCO Mexicana S.A. de C.V., ACCO Brands Canada Inc. and ACCO Brands Europe Holding LP and (B) any Foreign Subsidiary owned by a Pledgor whose Consolidated EBITDA for the immediately preceding fiscal year multiplied by 7.0 is greater than $42,500,000.
Sample 1

Examples of Excluded Foreign Entity in a sentence

  • No Loan Party (other than SGS) shall, nor shall it permit any of its Subsidiaries (other than any Excluded Foreign Entity and other than the Excluded SGS Entities) to, enter into or incur any outstanding obligations under any Swap Contracts, other than Permitted Swap Obligations.

  • No Loan Party (other than SGS) shall, nor shall it permit any of its Subsidiaries (other than any Excluded SGS Entity and any Excluded Foreign Entity) to, amend, modify or waive any term or material provision of its Articles of Incorporation, By-Laws or Operating Agreement in a manner adverse to Agent or the Lenders, unless required by law.

Related to Excluded Foreign Entity

  • Foreign entity means an entity other than a domestic entity.

  • Excluded Foreign Subsidiary any Foreign Subsidiary in respect of which either (a) the pledge of all of the Capital Stock of such Subsidiary as Collateral or (b) the guaranteeing by such Subsidiary of the Obligations, would, in the good faith judgment of the Borrower, result in adverse tax consequences to the Borrower.

  • Excluded Foreign Subsidiaries any Foreign Subsidiary in respect of which either (i) the pledge of all of the Capital Stock of such Subsidiary as Collateral or (ii) the guaranteeing by such Subsidiary of the Obligations, would, in the good faith judgment of the Borrower, result in adverse tax consequences to the Borrower.

  • Non-permitted Foreign Holder As defined in Section 3.03(f).

  • Wholly-Owned Foreign Subsidiary means, as to any Person, any Wholly-Owned Subsidiary of such Person which is a Foreign Subsidiary.

  • Affected Foreign Subsidiary means any Foreign Subsidiary to the extent such Foreign Subsidiary acting as a Subsidiary Guarantor would cause a Deemed Dividend Problem.

  • Member in Good Standing means a member in service who is not subject to removal by the employing city of the member pursuant to section 400.18 or 400.19, or other comparable process, and who is not the subject of an investigation that could lead to such removal. Except as specifically provided pursuant to section 411.9, a person who is restored to active service for purposes of applying for a pension under this chapter is not a member in good standing.

  • Restricted Foreign Subsidiary means a Foreign Subsidiary that is a Restricted Subsidiary.

  • Designated Foreign Subsidiaries means all members of the Company Group that are 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.

  • Good Standing means only that as of the date of this opinion the Company is up-to-date with the filing of its annual returns and payment of annual fees with the Registrar of Companies. We have made no enquiries into the Company’s good standing with respect to any filings or payment of fees, or both, that it may be required to make under the laws of the Cayman Islands other than the Companies Act.

  • Foreign end product means an end product other than a domestic end product.

  • Controlled Foreign Corporation means “controlled foreign corporation” as defined in the Tax Code.

  • designated foreign jurisdiction means Australia, France, Germany, Hong Kong, Italy, Japan, Mexico, the Netherlands, New Zealand, Singapore, South Africa, Spain, Sweden, Switzerland or the United Kingdom of Great Britain and Northern Ireland;

  • Approved Foreign Bank has the meaning specified in the definition of “Cash Equivalents.”

  • Qualified organization means any organization to which a valid permit has been issued by the

  • international organization shall have the meanings set forth in Section 7701 of the Code or successor provisions.

  • Excluded Domestic Subsidiary means any Domestic Subsidiary that is (a) a direct or indirect Subsidiary of an Excluded Foreign Subsidiary or (b) an Excluded Domestic Holdco.

  • In good standing means a person who has not resigned or been suspended from membership or registration or had membership or registration revoked;

  • Disregarded Domestic Subsidiary means any direct or indirect (other than through a Foreign Subsidiary) Domestic Subsidiary of which substantially all of its assets consist of Equity Interests of one or more indirect Foreign Subsidiaries.