Foreign Subsidiary definition
Examples of Foreign Subsidiary in a sentence
Within forty-five (45) days (or such longer period of time as is agreed to by the Administrative Agent in its sole discretion) after the acquisition or formation of any Restricted Subsidiary (including by way of division), cause such Person to become a Guarantor hereunder by way of execution of a Joinder Agreement; provided, however, (x) no Foreign Subsidiary shall be required to become a Guarantor and (y) no Excluded Subsidiary shall be required to become a Guarantor.
The Borrower will, and will cause each of its Material Subsidiaries to, keep proper books of record and account in all material respects in accordance with GAAP or SAP, as applicable (or, the case of a Foreign Subsidiary, generally accepted accounting principles in the jurisdiction of organization of such Foreign Subsidiary).