Foreign Subsidiary definition

Foreign Subsidiary means any Subsidiary that is not a Domestic Subsidiary.

Foreign Subsidiary means any Subsidiary that is incorporated or organized under the laws of any jurisdiction other than the United States of America, any State thereof or the District of Columbia.

Foreign Subsidiary means any Restricted Subsidiary that is not a Domestic Subsidiary.

Examples of Foreign Subsidiary in a sentence

• In the event that at any time after the Closing Date, the Company creates, holds, acquires or at any time has any Subsidiary (other than a Non-Material Subsidiary and a Foreign Subsidiary to which Section 5.15(b) applies) that is not a Borrower or Guarantor, the Company will immediately, but in any event within five (5) Business Days, notify the Agent in writing of such event, identifying the Subsidiary in question and referring specifically to the rights of the Agent and the Lenders under this Section.

• Notwithstanding anything to the contrary contained herein, no Lender or its Affiliates and no L/C Issuer or its Affiliates shall have a right to set off and apply any deposits held or other Indebtedness owing by such Lender or its Affiliates or such L/C Issuer or its Affiliates, as the case may be, to or for the credit or the account of any Subsidiary of a Loan Party that is a Foreign Subsidiary of a U.S. Subsidiary or a U.S. Foreign Holding Company.

• In the event that the Company or any existing Subsidiary acquires any Foreign Subsidiary, the Company will or will cause such existing Subsidiary to, if so directed by the Agent, pledge to the Agent for the benefit of the Secured Parties, 65% of the voting Equity Interests and 100% of the non-voting Equity Interests in any such Foreign Subsidiary.

• Notwithstanding the foregoing, no Foreign Subsidiary may become a Foreign Borrower if any Revolving Lender would be prohibited by applicable Law from making loans to such Foreign Subsidiary.

• In the event that the Company or any existing Subsidiary acquires any Foreign Subsidiary, the Company will, or will cause such existing Subsidiary to, if so directed by the Agent, pledge to the Agent for the benefit of the Secured Parties, 65% of the voting Equity Interests and 100% of the non-voting Equity Interests in any such Foreign Subsidiary.

More Definitions of Foreign Subsidiary

Foreign Subsidiary any Subsidiary of the Borrower that is not a Domestic Subsidiary.

Foreign Subsidiary means any Subsidiary that is organized under the laws of a jurisdiction other than the United States, a State thereof or the District of Columbia.

Foreign Subsidiary means any Subsidiary which is not a Domestic Subsidiary.

Foreign 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 and any Subsidiary of such Restricted Subsidiary.

Foreign Subsidiary means any Subsidiary of the Borrower that is not a Domestic Subsidiary.

Foreign Subsidiary means each Subsidiary of the Borrower which is organized under the laws of a jurisdiction other than the United States of America or any state or commonwealth thereof.

Foreign Subsidiary means, with respect to any Person, any Restricted Subsidiary of such Person that is not organized or existing under the laws of the United States, any state thereof, the District of Columbia, or any territory thereof and any Restricted Subsidiary of such Foreign Subsidiary.