Foreign Asset Sales definition

Foreign Asset Sales means any Foreign Non-Borrowing Base Asset Sale and Other Foreign Asset Sale, including, without limitation, an Asset Sale of the "Principal Properties" (as defined in the DM Notes).
Sample 1
Foreign Asset Sales shall have the meaning set forth in the Secured PIK/Term Credit Agreement.
Sample 1
Foreign Asset Sales means any Disposition (other than the UK Sale) by any Subsidiary of the Borrower that is neither an Obligor nor organized in the United States (a "Non-Obligor Foreign Subsidiary") of any assets of such Non-Obligor Foreign Subsidiary, but excluding (a) sales, exchanges, trade-ins, or other dispositions of equipment that is substantially worn, damaged, or obsolete in the ordinary course of a Non-Obligor Foreign Subsidiary's business, (b) sales of inventory to Persons (including another Subsidiary) who are buyers in the ordinary course of the selling a Non-Obligor Foreign Subsidiary's business, (c) the use or transfer of money or cash equivalents by a Non-Obligor Foreign Subsidiary, (d) the licensing or sub-licensing by any Non-Obligor Foreign Subsidiary, on a non-exclusive basis, of patents, trademarks, copyrights, and other intellectual property rights in the ordinary course of such Non-Obligor Foreign Subsidiary's business, (e) discounts so long as no Default or Event of Default has occurred and is continuing, without recourse and in the ordinary course of business, of overdue Accounts arising in the ordinary course of business, but only in connection with the compromise or collection thereof consistent with customary industry practice (and not as part of any bulk sale or financing of receivables), (f) transfers of condemned property to the respective Governmental Authority that has condemned same (whether by deed in lieu of condemnation or otherwise), and transfers of properties that have been subject to a casualty to the respective insurer of such property as part of an insurance settlement and (g) transfers or lease of assets by any Non-Obligor Foreign Subsidiary to any Subsidiary of the Borrower.
Sample 1

Examples of Foreign Asset Sales in a sentence

  • The annual aggregate amount of Net Cash Proceeds from Asset Sales and Recovery Events that are exempted from prepaying the Obligations pursuant to Section 2.05(b)(iii) shall be reduced by the Net Cash Proceeds from Foreign Asset Sales and Foreign Recovery Events that are exempted from prepaying the Obligations by operation of this Section 2.05(b)(v).

  • ORGANIC cartons bunched Curly 30s supplies insufficient and in too few hands to establish a market.

  • Section 10.03(a) of the Indenture is hereby amended to amend and restate the proviso in the second sentence of such Section as follows: provided, that if such sale, conveyance or disposition constitutes an Asset Sale, the Company shall apply the Net Cash Proceeds in accordance with Sections 4.12 (Asset Sales generally), 4.20 (the Bogen Sale) and 10.08 (Permitted Foreign Asset Sales and Collateral Sales) and any such agreements, to the extent applicable.

Related to Foreign Asset Sales

  • Foreign Asset Sale shall have the meaning provided in Section 5.2(i).

  • Foreign Assets means any of the Portfolios’ investments (including foreign currencies) for which the primary market is outside the United States and such cash and cash equivalents as are reasonably necessary to effect the Portfolios’ transactions in such investments.

  • Foreign Asset Control Regulations has the meaning set forth in Section 10.18.

  • Foreign Assets Control Regulations has the meaning set forth in Section 10.18.

  • Foreign Air Carrier means any air carrier which is not a U.S. Air Carrier and which performs maintenance, preventative maintenance and inspections for the Aircraft, Airframe and/or any Engine or engine to standards which are approved by, or which are substantially equivalent to those required by, the Federal Aviation Administration, the Civil Aviation Authority of the United Kingdom, the Direction Generale de l'Aviation Civile of the French Republic, the Luftfahrt Bundesamt of the Federal Republic of Germany, the Rijflauchtraatdienst of the Kingdom of the Netherlands, the Ministry of Transportation of Japan or the Federal Ministry of Transport of Canada (and any agency or instrumentality of the applicable government succeeding to the functions of any of the foregoing entities).

  • foreign national means the following:

  • Foreign Investment means any investment made by a person resident outside India on a repatriable basis in capital instruments of an Indian company or to the capital of an LLP;

  • U.S. Economic Sanctions is defined in Section 5.16(a).

  • Economic Sanctions refers to sanctions imposed by the U.S. government in response to Russia’s actions in Ukraine, as well as any sanctions imposed under state law. The EO directs state agencies to terminate contracts with, and to refrain from entering any new contracts with, individuals or entities that are determined to be a target of Economic Sanctions. Accordingly, should the State determine Contractor is a target of Economic Sanctions or is conducting prohibited transactions with sanctioned individuals or entities, that shall be grounds for termination of this agreement. The State shall provide Contractor advance written notice of such termination, allowing Contractor at least 30 calendar days to provide a written response. Termination shall be at the sole discretion of the State.

  • foreign financial institution means an institution registered as a foreign financial institution with the Ministry of Finance in the Mexican Banking and Financial Institutions, Pensions, Retirement and Foreign Investment Funds Registry for purposes of Article 195, Section I of the Mexican Income Tax Law.

  • U.S. Economic Sanctions Laws means those laws, executive orders, enabling legislation or regulations administered and enforced by the United States pursuant to which economic sanctions have been imposed on any Person, entity, organization, country or regime, including the Trading with the Enemy Act, the International Emergency Economic Powers Act, the Iran Sanctions Act, the Sudan Accountability and Divestment Act and any other OFAC Sanctions Program.

  • Foreign Antitrust Laws means the applicable requirements of antitrust competition or other similar Laws, rules, regulations and judicial doctrines of jurisdictions other than the United States.

  • OFAC Sanctions Programs means all laws, regulations, and Executive Orders administered by OFAC, including without limitation, the Bank Secrecy Act, anti-money laundering laws (including, without limitation, the Uniting and Strengthening America by Providing Appropriate Tools Required to Intercept and Obstruct Terrorism Act of 2001, Pub. L. 107-56 (a/k/a the USA Patriot Act)), and all economic and trade sanction programs administered by OFAC, any and all similar United States federal laws, regulations or Executive Orders, and any similar laws, regulators or orders adopted by any State within the United States.

  • OFAC Sanctions means any sanctions program administered by the Office of Foreign Assets Control of the United States Department of the Treasury (“OFAC”) under authority delegated to the Secretary of the Treasury (the “Secretary”) by the President of the United States or provided to the Secretary by statute, and any order or license issued by, or under authority delegated by, the President or provided to the Secretary by statute in connection with a sanctions program thus administered by OFAC. For ease of reference, and not by way of limitation, OFAC Sanctions programs are described on OFAC’s website at xxx.xxxxx.xxx/xxxx.

  • Sanctions and Export Control Laws means any applicable Law related to (a) import and export controls, including the U.S. Export Administration Regulations, (b) economic sanctions, including those administered by the Office of Foreign Assets Control of the U.S. Department of the Treasury, the U.S. Department of State, the European Union, any European Union Member State, the United Nations, and Her Majesty’s Treasury of the United Kingdom or (c) anti-boycott measures.

  • OFAC SDN List means the list of the Specially Designated Nationals and Blocked Persons maintained by OFAC.

  • 1940 Act Asset Coverage means “asset coverage,” as defined for purposes of Section 18(h) of the 1940 Act, of at least 200% with respect to all outstanding senior securities of the Fund which are shares of stock for purposes of the 1940 Act, including all outstanding MuniFund Term Preferred Shares (or such other asset coverage as may in the future be specified in or under the 1940 Act or by rule, regulation or order of United States Securities and Exchange Commission as the minimum asset coverage for senior securities which are shares of stock of a closed-end investment company).

  • OFAC Sanctions Program means any economic or trade sanction that OFAC is responsible for administering and enforcing. A list of OFAC Sanctions Programs may be found at xxxx://xxx.xxxxxxxx.xxx/resource-center/sanctions/Programs/Pages/Programs.aspx.

  • Foreign Financial Regulatory Authority shall have the meaning given by Section 2(a)(50) of the 0000 Xxx.

  • Foreign government means any jurisdiction other than the one embraced within the United States, its territories, and its possessions.

  • Economic Sanctions Laws means those laws, executive orders, enabling legislation or regulations administered and enforced by the United States pursuant to which economic sanctions have been imposed on any Person, entity, organization, country or regime, including the Trading with the Enemy Act, the International Emergency Economic Powers Act, the Iran Sanctions Act, the Sudan Accountability and Divestment Act and any other OFAC Sanctions Program.

  • Proceeds of crime means any property derived from or obtained, directly or indirectly, through the commission of an offence;

  • Specially Designated Nationals and Blocked Persons list maintained by the Office of Foreign Assets Control of the United States Department of the Treasury found at: xxxxx://xxx.xxxxxxxx.xxx/ofac/downloads/sdnlist.pdf;

  • SDN List means the Specially Designated Nationals and Blocked Persons List maintained by OFAC.