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.

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

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.

Examples of Exempted Foreign Entity in a sentence

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.
Notwithstanding the foregoing, no Pledgor shall be required to pledge hereunder the equity interests of any Exempted Foreign Entity.
For the avoidance of doubt, notwithstanding the preceding sentence, the Assignor shall be required to grant a security interest hereunder in 100% of the Non-Voting Equity Interests of each Exempted Foreign Entity at any time and from time to time acquired by such Assignor.
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 Assignor shall be required to grant a security interest hereunder in 100% of the Non-Voting Equity Interests of each Exempted Foreign Entity at any time and from time to time acquired by such Assignor.
Notwithstanding anything to the contrary contained in this Agreement, no Pledgor shall be required at any time to pledge hereunder any Equity Interests of any Exempted Foreign Entity.
Notwithstanding the foregoing, the Pledgor shall not 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 -8- total combined voting power of all classes of ownership interests of any Exempted Foreign Entity entitled to vote.
Without limiting the foregoing, subject to the first proviso in Section 3.1, 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.
Notwithstanding the foregoing, no Pledgor shall be required to pledge hereunder the Equity Interests of any Exempted Foreign Entity.

More Definitions of Exempted Foreign Entity

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 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 means (a) any CFC, (b) a direct or indirect Subsidiary of the Borrower substantially all of the assets of which consist of the Equity Interests of one or more CFCs, (c) a Subsidiary of the Borrower that is organized under the laws of a jurisdiction located in the United States of America and is owned, directly or indirectly, by a CFC, (d) a Subsidiary of the Borrower treated as disregarded for United States federal income tax purposes that owns, directly or indirectly, through one or more Subsidiaries that are treated as disregarded for United States federal income tax purposes, more than 65% of the Equity Interests of a CFC or of a Subsidiary described in clause (b) or (c) of this definition, and such Equity Interests constitute substantially all the assets of such Subsidiaries; provided, however, to the extent that any of the foregoing entities is not an “Exempted Foreign Entity” for purposes of the Senior Secured Notes Documents, the Revolving Senior Secured Notes Documents or the Additional Obligations Documents, such entity shall not be an Exempted Foreign Entity hereunder.

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.