Exempted Foreign Entity definition

Exempted Foreign Entity means any Foreign Corporation and any limited liability company organized under the laws of a jurisdiction other than the United States or any State thereof or the District of Columbia that, in any such case, is treated as a corporation or an association taxable as a corporation for U.S. federal income tax purposes.

Exempted Foreign Entity means any Foreign Corporation and any limited liability company organized under the laws of a jurisdiction other than the United States or any State or territory thereof that, in any such case, is treated as a corporation or an association taxable as a corporation for U.S. Federal income tax purposes.

Exempted Foreign Entity shall have the meaning provided in the U.S. Pledge Agreement.

Examples of Exempted Foreign Entity in a sentence

• Notwithstanding the foregoing, no Pledgor shall be required to pledge hereunder the equity interests of any Exempted Foreign Entity.

• No Pledgor shall be required at any time to pledge hereunder any Securities which constitute more than 65% of the total combined voting power of all classes of ownership interests of any Exempted Foreign Entity entitled to vote.

• For the avoidance of doubt, notwithstanding the preceding sentence, each Pledgor shall be required to pledge hereunder 100% of the Non-Voting Equity Interests of each Exempted Foreign Entity at any time and from time to time acquired by such Pledgor.

• Without limiting the foregoing, each Pledgor shall be required to pledge hereunder the Equity Interests of any Exempted Foreign Entity at any time and from time to time after the date hereof acquired by such Pledgor.

• No Pledgor shall be required at any time to pledge hereunder any Securities which constitute more than 65% of the -8- total combined voting power of all classes of ownership interests of any Exempted Foreign Entity entitled to vote.

More Definitions of Exempted Foreign Entity

Exempted Foreign Entity shall have the meaning provided in the Pledge Agreement.

Exempted Foreign Entity means any Foreign Subsidiary of the Borrower that is treated as a corporation or an association taxable as a corporation for U.S. Federal income tax purposes.

Exempted Foreign Entity means (i) any corporation incorporated under the laws of a jurisdiction other than the United States or any state thereof or the District of Columbia and (ii) any company organized under the laws of a jurisdiction other than the United States or any State thereof or the District of Columbia that, in any such case, is treated as a corporation or an association taxable as a corporation for U.S. federal income tax purposes.

Exempted Foreign Entity means any Foreign Corporation, limited liability company or partnership organized under the laws of a jurisdiction other than the United States or any State or Territory thereof that, in any such case, is treated as a corporation or an association taxable as a corporation for U.S. Federal income tax purposes.

Exempted Foreign Entity means any CFC (other than a Canadian Subsidiary).

Exempted Foreign Entity shall have the meaning specified in the U.S. Security Agreement.

Exempted Foreign Entity means (A) any Foreign Corporation and any limited company organized under the laws of a jurisdiction other than the United States or any State or Territory thereof that, in any such case, is a controlled foreign corporation for purposes of Section 957 of the Code and (B) any foreign partnership which is owned directly by a Pledgor whose pledge of Equity Interests would result in an indirect pledge of Equity Interests of a controlled foreign corporation for purposes of Section 956 of the Code; provided that the Pledgor provides documentation and support of such conclusion in form and substance adequate to the Pledgee, as directed by the Secured Parties, supporting such determination.