Foreign Subsidiary Loan Party definition

Foreign Subsidiary Loan Party means any Subsidiary Loan Party that is a Foreign Subsidiary.

Foreign Subsidiary Loan Party means (a) each Foreign Subsidiary that is set forth on Schedule 1.01(e) and (b) each Wholly Owned Foreign Subsidiary that has met the requirements of Section 5.10(f) after the Closing Date.

Foreign Subsidiary Loan Party means at any time each Foreign Revolving Borrower and the Foreign Subsidiary (if any) that is the direct parent thereof to the extent it has pledged the Equity Interests of such Revolving Borrower to secure its Revolving Facility Loans.

Examples of Foreign Subsidiary Loan Party in a sentence

• The U.S. Borrower shall be entitled to designate any Foreign Subsidiary that complies with the requirements described in Section 5.10(f) as a Foreign Subsidiary Loan Party.

• Notwithstanding anything in this Agreement or any other Loan Document, and for the avoidance of doubt, no Foreign Subsidiary Loan Party shall provide, or be deemed to provide, any Guarantee of or security for any Obligation of Holdings or any Domestic Loan Party.

• The U.S. Borrower shall be entitled to designate any Foreign Subsidiary that is a Wholly Owned Subsidiary as a Foreign Subsidiary Borrower; provided that unless such Foreign Subsidiary is a Foreign Subsidiary Loan Party and is in compliance with the requirements described in Section 5.10(f), such Foreign Subsidiary shall be permitted to be a Foreign Subsidiary Borrower solely for purposes of obtaining an Unsecured Ancillary Facility and shall not be permitted to make any other Borrowings hereunder.

• In addition, any insurance proceeds from any Collateral pledged by the Canadian Subsidiary Borrower or any Foreign Subsidiary Loan Party shall not be available to pay any U.S. Secured Obligations.

• Notwithstanding anything contained herein or in the other Loan Documents to the contrary, none of the Canadian Subsidiary Borrower or any Foreign Subsidiary Loan Party shall be liable for any U.S. Secured Obligations, and none of the Collateral pledged by the Canadian Subsidiary Borrower or any Foreign Subsidiary Loan Party shall secure any U.S. Secured Obligations.

More Definitions of Foreign Subsidiary Loan Party

Foreign Subsidiary Loan Party means each (i) Foreign Subsidiary of the Borrower on the Closing Date set forth on Schedule 1.01(g) hereto and (ii) each Wholly Owned Subsidiary of the Borrower that is a Foreign Subsidiary formed or acquired after the Closing Date other than (A) Excluded Foreign Subsidiaries, (B) Foreign Subsidiaries not required to be Foreign Subsidiary Loan Parties pursuant to the Agreed Security Principles, (C) Unrestricted Subsidiaries, (D) Immaterial Subsidiaries and (E) any Foreign Subsidiary solely to the extent that, and only for so long as, guaranteeing the Obligations would violate or require consent (that could not be readily obtained without undue burden to the Loan Parties) under applicable law or regulations or a contractual obligation on such Foreign Subsidiary and such law or obligation existed at the time of the acquisition of such Foreign Subsidiary and was not created or made binding on such Foreign Subsidiary in contemplation of or in connection with the acquisition of such Foreign Subsidiary.

Foreign Subsidiary Loan Party means (a) each Foreign Borrower, (b) each Foreign Subsidiary that is set forth on Schedule 1.01(g) to the 2013 Credit Agreement, (c) the New German Subsidiary Guarantors (as defined in the 2015 Amendment Agreement) and (d) each Designated Foreign Subsidiary that is formed or acquired after the Closing Date.

Foreign Subsidiary Loan Party means (a) each Foreign Borrower, (b) each Foreign Subsidiary that is set forth on Schedule 1.01(b), (c) each other Wholly-Owned Foreign Subsidiary organized under the laws of Canada, the United Kingdom, The Netherlands or Germany (other than the German Guarantor and its subsidiaries until the actions contemplated by Section 5.14 have been consummated) and (d) at the U.S. Borrower’s option, any other Foreign Subsidiary organized under the laws of any jurisdiction set forth on Schedule 1.01(e) that has satisfied the Collateral and Guarantee Requirement, completed all actions required by Sections 5.10(b) and (c) and delivered to the Administrative Agent a customary written opinion of legal counsel in the United States with respect to applicable United States legal issues and, if applicable, such foreign jurisdiction with respect to the guarantee and security interests granted by such Foreign Subsidiary.

Foreign Subsidiary Loan Party in Section 1.01 of the Credit Agreement is hereby amended by deleting the text set forth between parentheses in clause (c) thereof and replacing it with the text “other than the Arkema Acquiror and each of its subsidiaries until the actions contemplated by Section 5.14 have been consummated”.

Foreign Subsidiary Loan Party means each Wholly Owned Foreign Subsidiary that is a Foreign Subsidiary Borrower and each Wholly Owned Subsidiary thereof to the extent legally permitted to guarantee and provide security for the Loans.

Foreign Subsidiary Loan Party means (a) each Foreign Borrower, (b) each Foreign Subsidiary that is set forth on Schedule 1.01A, (c) each other Wholly-Owned Foreign Subsidiary organized under the laws of Canada, the United Kingdom, The Netherlands or Germany (other than each Post-Closing Reaffirming German Loan Parties and each of its subsidiaries until the actions contemplated by Section 5.14 have been consummated) and (d) at the U.S. Borrower’s option, any other Foreign Subsidiary organized under the laws of any jurisdiction set forth on Schedule 1.01(e) to the November 2006 Credit Agreement that has satisfied the Collateral and Guarantee Requirement, completed all actions required by Sections 5.10(b) and (c) and delivered to the Administrative Agent a customary written opinion of legal counsel in the United States with respect to applicable United States legal issues and, if applicable, such foreign jurisdiction with respect to the guarantee and security interests granted by such Foreign Subsidiary.

Foreign Subsidiary Loan Party means, collectively, the French Subsidiary Loan Parties and the Additional Foreign Subsidiary Loan Parties; provided that Dresser-Rand France shall not be a French Subsidiary Loan Party unless it has satisfied the requirement set forth in clause (b) of the definition of Collateral and Guarantee Requirement.