Foreign Subsidiaries definition
Examples of Foreign Subsidiaries in a sentence
For the avoidance of doubt, all Foreign Subsidiaries, as Grantors, hereby appoint the Company as its agent for receipt of service of process and all notices and other communications in the United States at the address specified below.
Except as set forth on Schedule 6.1 hereto, as of the Sixth Amendment Effective Date, each Borrower, directly or indirectly, owns all of the equity interests of each of its Subsidiaries (excluding directors’ qualifying shares and, in the case of Foreign Subsidiaries, other nominal amounts of shares held by a Person other than a Company).
As soon as available, but in any event within forty-five (45) days after the end of each calendar month (commencing with the month of March 2025), a 13-week forecast of cash flows for the Borrower and its Domestic Subsidiaries (and, solely to the extent requested by the Lender, its Foreign Subsidiaries) on a Consolidated basis for the period commencing with the applicable Cash Flow Forecast Delivery Date, in form reasonably satisfactory to the Lender.
As of the Closing Date, the aggregate book value of the total assets owned by Foreign Subsidiaries of any Obligor is no greater than 5% of the aggregate book value of the total assets owned by such Obligor and all of its Subsidiaries.
The Lender shall have received (i) an opinion or opinions (including an opinion with respect to the Guarantors which are Foreign Subsidiaries) of counsel for the Loan Parties dated the Closing Date and addressed to the Lender, in form and substance acceptable to the Lender, including customary opinions from the Borrower’s Rhode Island and New York counsel, and (ii) an opinion of Danish counsel to the Lender, addressed to the Lender and in form and substance acceptable to the Lender.