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Foreign Restricted Subsidiaries definition

Foreign Restricted Subsidiaries 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.
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Foreign Restricted Subsidiaries means those Restricted Subsidiaries that are not Domestic Restricted Subsidiaries or Canadian Restricted Subsidiaries.
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Foreign Restricted Subsidiaries means any two or more of them;
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Examples of Foreign Restricted Subsidiaries in a sentence

  • No Credit Party shall, nor shall it permit any of its Restricted Subsidiaries to make any Restricted Payments except that (i) the Restricted Subsidiaries of the US Borrower may make Restricted Payments to the US Borrower or any other US Credit Party, and (ii) the Foreign Restricted Subsidiaries may make Restricted Payments to any Credit Party.

  • Section 1.956-2(c)(2)) in Foreign Restricted Subsidiaries or FSHCOs directly owned by Kodiak Corp or any Subsidiary that is an Obligor to be subject at all times to a first priority, perfected Lien (subject to Permitted Encumbrances) in favor of the Administrative Agent, for the benefit of the Administrative Agent and the other Secured Parties.

  • Each Borrower agrees with each Lender, the Issuer and the Administrative Agent that until the Termination Date has occurred, each Borrower will, and will cause its Foreign Restricted Subsidiaries to, perform or cause to be performed the obligations set forth below.

  • The Borrowers will be, and shall cause each of their Foreign Restricted Subsidiaries to be, operated at all times in such a manner that its assets and liabilities may not be substantively consolidated with those of any Unrestricted Subsidiary in the event of the bankruptcy or insolvency of such Unrestricted Subsidiary.

  • Except for the Foreign Restricted Subsidiaries, the Company directly or indirectly through one or more wholly-owned Subsidiaries owns beneficially and of record all of the issued and outstanding shares of capital stock of the Subsidiaries.

  • If the Agents do not provide a commitment to enter into a Canadian Facility based on such terms and conditions presented by the Borrowers within 60 days of receiving such proposed terms and conditions, such Foreign Restricted Subsidiaries may obtain a Canadian Facility on similar commercially reasonable terms and conditions from other financial institutions (with the consent of the Agents, such consent not to be unreasonably withheld or delayed).

  • No Pledgor has any Subsidiaries of which it directly owns any Capital Securities other than the Pledged Share Issuers, Foreign Restricted Subsidiaries or Unrestricted Subsidiaries.

  • Upon entering into the Canadian Facility, the applicable Foreign Restricted Subsidiaries will automatically be released from their Obligations solely with respect to clauses (a) and (c) of Section 7.2.14.

  • In the event that the Parent or any of its Restricted Subsidiaries acquires or creates another Restricted Subsidiary (other than Foreign Restricted Subsidiaries) after the Issue Date, the Parent will comply with the provisions of Section 4.9 hereof.

  • The Borrowers shall cause each of its Foreign Restricted Subsidiaries and ERISA Affiliates to establish, maintain and -92- 100 operate all Foreign Employee Benefit Plans (other than government-sponsored plans) in compliance in all material respects with all laws, regulations and rules applicable thereto and the respective requirements of the governing documents for such plans.


More Definitions of Foreign Restricted Subsidiaries

Foreign Restricted Subsidiaries. , "Funding Guarantor", "Guarantee", "Judgment Currency", "Material Restricted Subsidiaries", "Non-U.S. Subsidiary Guarantor", "Permitted Liens", "Reference Period", "Restricted Payment", "Sale-Leaseback Transaction" and "Subsidiary Guarantor".
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Foreign Restricted Subsidiaries means Digicon (Nigeria) Limited, Digicon (Malaysia) Sdn. Bhd., Digital Exploration (Nigeria) Limited and P.T. Digicon Mega Pratama.
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Foreign Restricted Subsidiaries means Foreign Subsidiaries organized under the laws of Canada or the Republic of Mexico or any province or other political subdivision thereof, to the extent not designated by the Borrower as Unrestricted Subsidiaries in accordance with the terms and conditions of this Agreement.
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Related to Foreign Restricted Subsidiaries

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

  • Non-Restricted Subsidiary means any Subsidiary of the Company other than a Restricted Subsidiary.

  • Consolidated Restricted Subsidiaries means any Restricted Subsidiaries that are Consolidated Subsidiaries.

  • Domestic Restricted Subsidiary means a Restricted Subsidiary incorporated or otherwise organized or existing under the laws of the United States, any state thereof or any territory or possession of the United States.

  • Significant Restricted Subsidiary means a Restricted Subsidiary that is a "significant subsidiary" as defined in Rule 1-02(w) of Regulation S-X under the Securities Act and the Exchange Act.

  • Material Restricted Subsidiary any Restricted Subsidiary other than one or more Restricted Subsidiaries designated by the Borrower that in the aggregate do not constitute Material Subsidiaries.

  • Wholly Owned Restricted Subsidiary is any Wholly Owned Subsidiary that is a Restricted Subsidiary.

  • Converted Restricted Subsidiary has the meaning specified in the definition of “Consolidated EBITDA.”

  • 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.

  • Unrestricted Subsidiaries means any Subsidiary of the Company that (a) shall have been designated as an “Unrestricted Subsidiary” in accordance with the provisions of Section 1.05 and (b) any Subsidiary of an Unrestricted Subsidiary; notwithstanding the foregoing, so long as a Subsidiary Borrower has Term Loans outstanding under this Agreement, such Subsidiary Borrower shall not be an Unrestricted Subsidiary.

  • Consolidated Subsidiary means at any date any Subsidiary or other entity the accounts of which would be consolidated with those of the Borrower in its consolidated financial statements if such statements were prepared as of such date.

  • 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.

  • Wholly-Owned Consolidated Subsidiary means any Consolidated Subsidiary all of the shares of capital stock or other ownership interests of which (except directors' qualifying shares) are at the time directly or indirectly owned by the Borrower.

  • Non-Guarantor Restricted Subsidiary means any Restricted Subsidiary that is not a Subsidiary Guarantor.

  • Excluded Subsidiaries (a) any Domestic Subsidiary that is prohibited by law, regulation or by any Contractual Obligation existing on the Closing Date or on the date such Subsidiary is acquired (so long as such prohibition is not created in contemplation of such acquisition) from providing a Guarantee Obligation in respect of the Obligations (and for so long as such restrictions or any replacement or renewal thereof is in effect) or that would require a governmental (including regulatory) consent, approval, license or authorization in order to provide such Guarantee Obligation (unless such consent, approval, license or authorization has already been obtained) or where the provision of such guaranty could result in material adverse tax consequences to the Borrower or such Subsidiary as reasonably determined by the Borrower in consultation with the Administrative Agent, (b) any Subsidiary that is a Disregarded Domestic Person, (c) any Subsidiary that is a direct or indirect Subsidiary of an Excluded Subsidiary, (d) any captive insurance Subsidiary that provides workers compensation and/or health insurance to members of the Consolidated Group, (e) any not-for-profit Subsidiary, (f) any Subsidiary that is a special purpose entity, (g) any Foreign Subsidiary, (h) solely in respect of Excluded Swap Obligations, any Excluded Swap Guarantor, (i) each Subsidiary designated as an Excluded Subsidiary on Schedule 6.13 as of the Closing Date and (j) subject to Section 8.15, any other Subsidiary designated by the Borrower from time to time after the date hereof in connection with (i) any CMBS Financing, (ii) any Joint Venture, (iii) any Permitted Acquisition or (iv) the entrance into any new operating lease, capital lease, management contract or other Contractual Obligation that, in each case of the foregoing clauses (i), (ii), (iii) and (iv), was entered into for bona fide business purposes and that the Borrower reasonably believes in good faith would prohibit such Subsidiary from becoming a Guarantor hereunder; and provided that, in each case, (x) immediately before and after such designation, no Event of Default shall have occurred and be continuing, and (y) immediately after giving effect to such designation, the Company and its Subsidiaries shall be in compliance on a Pro Forma Basis with the Financial Covenants.

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

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

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

  • Restricted Subsidiary means any Subsidiary of the Company other than an Unrestricted Subsidiary.

  • SBIC Subsidiary means any Subsidiary of the Borrower (or such Subsidiary’s general partner or manager entity) that is (x) 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, and (y) designated in writing by the Borrower (as provided below) as an SBIC Subsidiary, so long as:

  • Guarantor Subsidiaries has the meaning set forth in the Recitals to this Agreement.

  • Canadian Subsidiaries means the Subsidiaries organized under the laws of Canada or any province, territory or other political subdivision thereof.

  • Foreign Subsidiaries means each Subsidiary of a Borrower that is not a Domestic Subsidiary.

  • Converted Unrestricted Subsidiary has the meaning specified in the definition of “Consolidated EBITDA.”

  • Designated Foreign Subsidiaries means all members of the Company Group that are organized under the laws of any jurisdiction or country other than the United States of America that may be designated by the Board or the Committee from time to time.

  • 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.

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