Foreign Joint Venture means any Restricted Foreign Subsidiary in which the Borrower and its Restricted Subsidiaries own, collectively, less than 100% of the equity interests and designated as such in a written notice to the Administrative Agent by the Borrower, provided that in the event a Restricted Subsidiary not previously designated by the Borrower as a Foreign Joint Venture is subsequently re-designated as a Foreign Joint Venture, (x) such re-designation shall be deemed to be an investment on the date of such re-designation in a Foreign Joint Venture in an amount equal to the product of (i) the net worth of such re-designated Restricted Subsidiary immediately prior to such re-designation (such net worth to be calculated without regard to any guarantee provided by such re-designated Restricted Subsidiary) and (ii) the percentage of capital stock or other equity interests in such Foreign Joint Venture owned by the Borrower or its Restricted Subsidiaries (other than Foreign Joint Ventures) and (y) no Default or Event of Default would result from such re-designation.

Foreign Joint Venture means each Permitted Joint Venture that (a) is organized under the laws of a jurisdiction other than the United States of America or any state thereof or the District of Columbia, (b) conducts substantially all of its business outside of the United States of America, and (c) has substantially all of its assets outside of the United States of America.

Foreign Joint Venture means a joint venture (regardless of the type of entity used to form such joint venture) formed to operate or provide services in a jurisdiction outside of the United States.

Examples of Foreign Joint Venture in a sentence

On August 15, 2016, the acquisition agreement was executed by TRW for acquiring the other 25% equity in JFD which was a Sino Foreign Joint Venture Co. that TRW had 100% equity interest with effect on October 5, 2016.
A Sino Foreign Joint Venture Company (SFJVC) was formed as required by Chinese law.
Type of Investor: ………………………Local: Overseas Guyanese: Foreign: Joint Venture: Business/Company Name: ………………………… ……………………………………………………… Local Address:……………………………………..
The Government of India allowed Foreign Joint Venture in the industry since early 1990, which saw many automobile giants entering the Indian market with their models, readily available, without much waiting time for the delivery.
The permits were held under a Chinese- Foreign Joint Venture in which the Company held a 99% interest and the partner, Yunnan Geological and Mining Co. Ltd., held a 1% interest.

More Definitions of Foreign Joint Venture

Foreign Joint Venture means any Joint Venture of the Borrower and/or its Subsidiaries other than a Domestic Joint Venture.

Foreign Joint Venture means a Joint Venture that is not organized under the laws of the United States of America, any state or territory thereof or the District of Columbia.

Foreign Joint Venture any joint venture of the Borrower that is not a Domestic Joint Venture, but excluding any Subsidiary of the Borrower.

Foreign Joint Venture means a Subsidiary or Affiliate that is not a Domestic Subsidiary.

Foreign Joint Venture means Grupo P.I.

Foreign Joint Venture has the meaning set forth in Section 6.04.

Foreign Joint Venture means Rawabi Xxxxx-Xxxxxxxx Ltd., a Saudi Arabia joint venture 50% owned by Borrower and 50% owned by Rawabi Holding Limited, and each other corporation, partnership, joint venture, limited liability company or other business entity of which 50% or less of the Voting Stock is beneficially owned by Borrower or any of its Subsidiaries.”