Foreign Material Subsidiary definition

Foreign Material Subsidiary means any Foreign Subsidiary that is a Material Subsidiary.
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Foreign Material Subsidiary means any Subsidiary of Borrower that is a CFC or CFC Holdco and is not an Immaterial Subsidiary.
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Foreign Material Subsidiary means any Material Subsidiary that is not a Domestic Material Subsidiary.
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Examples of Foreign Material Subsidiary in a sentence

  • The Borrower shall not, and shall not permit any other Credit Party (other than a Foreign Material Subsidiary) to, open or maintain any bank or deposit account with any Person that is not a Lender, unless such Person, the applicable Credit Party and the Administrative Agent enter into a blocked account agreement in form and substance satisfactory to the Administrative Agent.

  • All consents of any Majority-Owned Foreign Material Subsidiary, its shareholders or any other Person, required under applicable law or any organizational document to permit the pledge of such Majority-Owned Foreign Material Subsidiary's Foreign Material Subsidiary Stock pursuant to the Pledge Agreement shall have been obtained, and the Company shall provide you with copies thereof, certified as true and correct by the Company.

  • All of the outstanding shares of capital stock or similar equity interests of each Majority-Owned Foreign Material Subsidiary which are being pledged by the Company to the Collateral Agent have been validly issued, are fully paid and nonassessable and are owned by the Company free and clear of any Lien.

  • Additionally, within 30 days of any Person becoming a First-Tier Foreign Material Subsidiary, the Borrower shall deliver to the Lender a Pledge Agreement with respect to such First-Tier Foreign Material Subsidiary.

  • The Subsidiary Guaranty is hereby amended to delete as parties thereto each of Fritx Xxxx Xxxg, FCI Holdings, Fritx Xxxada and any other Foreign Material Subsidiary party thereto, and on and after the Effective Date, each such Foreign Material Subsidiary shall hereby be released from all of its obligations under the Subsidiary Guaranty.


More Definitions of Foreign Material Subsidiary

Foreign Material Subsidiary means (a) a Foreign Loan Party, (b) any Foreign Subsidiary holding shares in a Foreign Loan Party, other than Glatfelter Holding (Denmark) A/S and (c) any Foreign Subsidiary which has earnings before interest, tax, depreciation and amortization (calculated on the same basis as Consolidated EBITDA) representing 5.0% or more of Consolidated EBITDA or which has consolidated assets representing 5.0% or more of the consolidated assets of the Company and its Foreign Subsidiaries (calculated on a consolidated basis); provided that such 5% thresholds shall be increased to 7.5% for any Foreign Subsidiary not located in a Perfection Jurisdiction.
Sample 1
Foreign Material Subsidiary means a wholly-owned Foreign Subsidiary of the Successor Borrower organized under the laws of Ireland or of the United Kingdom (other than as set forth on Schedule 1.1(c)) that, either individually or together with its subsidiaries, taken as a whole, has total tangible assets as of the most recent period for which financial statements were required to have been delivered pursuant to Section 5.1(a) or Section 5.1(b) exceeding the greater of (i) $100,000,000 and (ii) 0.75% of Consolidated Total Assets; provided, however, that a Foreign Subsidiary shall not be a Foreign Material Subsidiary if the provision of a Guaranty by it could reasonably be expected to give rise to or increase the amount includable in income of Parent pursuant to Section 956 of the Code; and provided, further, that any Foreign Subsidiary identified in a writing signed by the Administrative Agent as to which the cost of obtaining a Guaranty therefrom is excessive in relation to the benefit to the Lenders of the Guaranty to be afforded thereby, as reasonably determined by the Administrative Agent, in consultation with the Borrower, shall not be a Foreign Material Subsidiary.
Sample 1
Foreign Material Subsidiary means, at any time, any Material Subsidiary at such time which is not a Domestic Material Subsidiary.
Sample 1

Related to Foreign Material Subsidiary

  • Non-Material Subsidiary means a Subsidiary of the Company which is not a Material Subsidiary.

  • Material Subsidiary means any Subsidiary other than an Immaterial Subsidiary.

  • Immaterial Subsidiary means any Subsidiary that is not a Material Subsidiary.

  • Immaterial Subsidiaries means those Subsidiaries of the Borrower that are “designated” as Immaterial Subsidiaries by the Borrower from time to time (it being understood that the Borrower may at any time change any such designation); provided that such designated Immaterial Subsidiaries shall collectively meet all of the following criteria as of the date of the most recent balance sheet required to be delivered pursuant to Section 5.01: (a) the aggregate assets of such Subsidiaries and their Subsidiaries (on a consolidated basis) as of such date do not exceed an amount equal to 3% of the consolidated assets of the Borrower and its Subsidiaries as of such date; and (b) the aggregate revenues of such Subsidiaries and their Subsidiaries (on a consolidated basis) for the fiscal quarter ending on such date do not exceed an amount equal to 3% of the consolidated revenues of the Borrower and its Subsidiaries for such period.

  • Material Domestic Subsidiary means any Domestic Subsidiary that is a Material Subsidiary.

  • Significant Domestic Subsidiary means any Domestic Subsidiary that is a Significant Subsidiary.

  • Material Subsidiaries Subsidiaries of the Parent Borrower constituting, individually or in the aggregate (as if such Subsidiaries constituted a single Subsidiary), a “significant subsidiary” in accordance with Rule 1-02 under Regulation S-X.

  • Immaterial Domestic Subsidiary means any Domestic Subsidiary that is not a Material Domestic Subsidiary.

  • Material Foreign Subsidiary means any Foreign Subsidiary that is a Material Subsidiary.

  • Domestic Subsidiary means any Subsidiary that is organized under the Laws of the United States, any state thereof or the District of Columbia.

  • Foreign Restricted Subsidiary means any Restricted Subsidiary which is not organized under the laws of the United States of America or any State thereof or the District of Columbia.

  • Domestic Restricted Subsidiary means a Restricted Subsidiary incorporated or otherwise organized under the laws of the United States, any State thereof or the District of Columbia.

  • Pledged Subsidiary means each Subsidiary in respect of which the Administrative Agent has been granted a security interest in or a pledge of (a) any of the Capital Securities of such Subsidiary or (b) any intercompany notes of such Subsidiary owing to the Borrower or another Subsidiary.

  • Excluded Subsidiary means (a) any Subsidiary that is not a wholly-owned direct or indirect Domestic Subsidiary of Holdings, (b) any Subsidiary that is prohibited or restricted by applicable Law or by Contractual Obligations permitted by this Agreement in existence at the time of acquisition of such Subsidiary but not entered into in contemplation thereof, from guaranteeing the Obligations or if guaranteeing the Obligations would require governmental (including regulatory) consent, approval, license or authorization, unless such consent, approval, license or authorization has been received, or for which the provision of a Guarantee would result in material adverse tax consequences to the Borrower or one of its subsidiaries as reasonably determined by the Borrower and agreed in writing by the Administrative Agent, (c) any other Subsidiary with respect to which, in the reasonable judgment of the Borrower and the Administrative Agent, the burden or cost of providing a Guarantee shall be excessive in view of the benefits to be obtained by the Lenders therefrom, (d) any not-for-profit Subsidiaries or captive insurance Subsidiaries, (e) any Unrestricted Subsidiaries, (f) any Securitization Subsidiary, (g) any direct or indirect Domestic Subsidiary of a direct or indirect Foreign Subsidiary of Holdings that is a CFC, (h) any direct or indirect Domestic Subsidiary of Holdings that is a FSHCO, (i) [reserved], (j) captive insurance Subsidiaries, (k) any Subsidiary that is not a Material Subsidiary and (l) any Restricted Subsidiary acquired pursuant to a Permitted Acquisition or other Investment that has assumed secured Indebtedness permitted under Section 7.03(g)(i) and not incurred in contemplation of such Permitted Acquisition or other Investment, in each case to the extent such secured Indebtedness prohibits such Subsidiary from becoming a Guarantor (so long as such prohibition is not incurred in contemplation of such Permitted Acquisition or other Investment). For the avoidance of doubt, the Borrower shall not constitute an Excluded Subsidiary.

  • Immaterial Foreign Subsidiary means any Foreign Subsidiary of the Borrower that is not a Material Foreign Subsidiary.

  • Domestic Subsidiary Borrower means any Subsidiary Borrower which is a Domestic Subsidiary.

  • Controlled Subsidiary means any Subsidiary of the Company, 50% or more of the outstanding equity interests of which are owned by the Company and its direct or indirect Subsidiaries and of which the Company possesses, directly or indirectly, the power to direct or cause the direction of the management or policies, whether through the ownership of voting equity interests, by agreement or otherwise.

  • Insignificant Subsidiary means, on any date, any Subsidiary of Caterpillar or CFSC whose aggregate asset value, as reasonably calculated by Caterpillar in accordance with generally accepted accounting principles, is at less than or equal to $50,000,000 on such date.

  • Canadian Subsidiary means any Subsidiary that is organized under the laws of Canada or any province or territory thereof.

  • JV Subsidiary any Subsidiary of a Group Member which is not a Wholly Owned Subsidiary and as to which the business and management thereof is jointly controlled by the holders of the Capital Stock therein pursuant to customary joint venture arrangements.

  • Domestic Subsidiaries means all Subsidiaries incorporated or organized under the laws of the United States of America, any State thereof or the District of Columbia.

  • Qualified Subsidiary means any direct or indirect Domestic Subsidiary or Eligible Foreign Subsidiary.

  • SBIC Subsidiary means any Subsidiary of the Borrower (or such Subsidiary’s general partner or manager entity) that is (x) either (i) a “small business investment company” licensed by the SBA (or that has applied for such a license and is actively pursuing the granting thereof by appropriate proceedings promptly instituted and diligently conducted) under the Small Business Investment Act of 1958, as amended, or (ii) any wholly-owned, direct or indirect, Subsidiary of an entity referred to in clause (x)(i) of this definition, and (y) designated in writing by the Borrower (as provided below) as an SBIC Subsidiary, so long as:

  • Significant Restricted Subsidiary means a Restricted Subsidiary that would be a “significant subsidiary” within the meaning of the definition of “significant subsidiary” in Article 1, Rule 1-02(w) of Regulation S-X, promulgated pursuant to the Securities Act, as such Regulation is in effect on the Original Issue Date; provided that in each instance in such definition in which the term “10 percent” is used, the term “5 percent” shall be substituted therefor.

  • Relevant Subsidiary means any fully consolidated subsidiary of HeidelbergCement AG and for purposes only of this § 2 does not include any subsidiary which has one or more classes of equity securities (other than, or in addition to any convertible bonds or similar equity linked securities) which are listed or traded on a regulated stock exchange.