Foreign Subsidiary Obligations definition

Foreign Subsidiary Obligations means all Indebtedness owing to a Foreign Subsidiary Lender by any Subsidiary of Borrower which is not a Domestic Person, including, without limitation, all U.K. Subsidiary Obligations and Canadian Subsidiary Obligations.
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Foreign Subsidiary Obligations the collective reference to the English Obligations and the Euro Obligations.
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Foreign Subsidiary Obligations means (i) all principal of and interest (including interest accruing after the filing of a petition or commencement of a case by or with respect to any Foreign Subsidiary Borrower seeking relief under any Debtor Relief Law, whether or not the claim for such interest is allowed in such proceeding) on the Loans made to and Reimbursement Obligations in respect of Letters of Credit issued for the account of any Foreign Subsidiary Borrower; (ii) all fees, expenses, indemnities and other obligations owing, due or payable at any time by any Foreign Subsidiary Borrower to the Administrative Agent, any Security Trustee, any Lender, the Swingline Lender, any Issuing Bank or any other Person entitled thereto, under this Agreement or any of the other Credit Documents; and (iii) all payment and other obligations owing or payable at any time by any Foreign Subsidiary (other than any Disregarded Foreign Subsidiary) to any Hedge Party under or in connection with any Hedge Agreement required or permitted by this Agreement, and all payment and other obligations owing or payable at any time by any Foreign Subsidiary (other than any Disregarded Foreign Subsidiary) to any Cash Management Bank under or in connection with any Cash Management Agreement; in each case whether direct or indirect, joint or several, absolute or contingent, matured or unmatured, liquidated or unliquidated, secured or unsecured, and whether existing by contract, operation of law or otherwise.
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Examples of Foreign Subsidiary Obligations in a sentence

  • Without limiting the foregoing, proceeds from any sales of, collection from or other realization of any Foreign Collateral pursuant to the exercise by the Administrative Agent of its remedies hereunder shall be applied only to the Secured Obligations constituting Foreign Subsidiary Obligations in accordance with Section 2.12(f) of the Credit Agreement, unless application thereto to the U.S. Obligations is permitted under and in accordance with Section 2.12(g) of the Credit Agreement.

  • The Agents, the Issuing Lenders, and the Lenders shall not have any obligation to protect, secure, perfect or insure any collateral security document or property subject thereto at any time held as security for the Foreign Subsidiary Obligations.

  • The Company hereby agrees that all payments required to be made by it hereunder will be made to the Administrative Agent without set-off or counterclaim in accordance with the terms of the Foreign Subsidiary Obligations, including, without limitation, in the currency in which payment is due.

  • None of the Administrative Agent or any Lender shall have any obligation to protect, secure, perfect or insure any Lien at any time held by it as security for the Foreign Subsidiary Obligations or for this Agreement or any property subject thereto.

  • The provisions of this paragraph shall be effective notwithstanding the termination of this Agreement and the payment in full of the Foreign Subsidiary Obligations and the termination of the Commitments.

  • The Company waives diligence, presentment, protest, demand for payment and notice of default or nonpayment to or upon the Foreign Subsidiary Borrower and the Company with respect to the Foreign Subsidiary Obligations.

  • Each Guarantor is jointly and severally liable for all obligations under this Guaranty (including, without limitation, payment of all of the Foreign Subsidiary Obligations), whether or not the specific provision giving rise to such obligations expressly provides for joint and several liability.

  • This Section 10 shall remain in full force and effect until (subject to reinstatement as provided in subsection 10.5) the Foreign Subsidiary Obligations are paid in full and the Commitments are terminated, notwithstanding that from time to time prior thereto the Foreign Subsidiary Borrower may be free from any Foreign Subsidiary Obligations.

  • Any assignment shall not release the Debtor from the Foreign Subsidiary Obligations.

  • The Guarantor waives any right or claim of right to cause a marshalling of any assets of any of the Foreign Subsidiaries or the assets of any other party now or hereafter held as security for the Foreign Subsidiary Obligations, and waives the benefit of any statute of limitations affecting the liability of the Guarantor hereunder, to the extent permitted by law.


More Definitions of Foreign Subsidiary Obligations

Foreign Subsidiary Obligations means all obligations of any of the Foreign Subsidiaries to any of the Motorola Parties, however created, arising or evidenced, whether direct or indirect, absolute or contingent, now existing or hereafter arising or acquired, including, without limitation: (a) all obligations of any of the Foreign Subsidiaries under any of the Brightstar Documents; (b) the payment of any invoices that any of the Motorola Parties has rendered or may render in the future against any of the Foreign Subsidiaries; (c) the payment of any contracts or other evidences of indebtedness that any of the Foreign Subsidiaries may deliver to any of the Motorola Parties for goods or services; (d) the payment of any applicable taxes of any kind that may arise out of or relate to clause (a), (b) or (c) that may be levied against any of the Motorola Parties by a proper taxing authority; (e) the payment of any interest, penalty or late charge that may arise out of or relate to the failure of any of the Foreign Subsidiaries to pay any of the Motorola Parties, whether (i) assessed by any of the Motorola Parties against any of the Foreign Subsidiaries as part of the normal collection practices of any of the Motorola Parties; or (ii) assessed by others against any of the Motorola Parties; (f) the payment of principal, interest and any other amounts due or to become due, whether by acceleration or otherwise, under all other obligations of any of the Foreign Subsidiaries to any of the Motorola Parties, and (g) the payment of any costs or expenses incurred by any of the Motorola Parties in collecting all or any portion of the foregoing or in obtaining, preserving, perfecting and enforcing any security interest granted by any of the Foreign Subsidiaries or in maintaining, preserving and collecting the property subject to any such security interest.
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Foreign Subsidiary Obligations with respect to any Foreign Subsidiary, the collective reference to the obligations and liabilities of such Foreign Subsidiary which may arise under, out of or in connection with the issuance of any Foreign Letter of Credit on behalf of such Foreign Subsidiary, together with any and all obligations and liabilities of such Foreign Subsidiary under the Loan Documents to which such Foreign Subsidiary is a party, whether for principal, interest, fees or otherwise, and whether direct or indirect, absolute or contingent, due or to become due, or now existing or hereafter incurred (including, without limitation, interest accruing after the filing of any petition in bankruptcy, or the commencement of any insolvency, reorganization or like proceeding, relating to such Foreign Subsidiary whether or not a claim for post- filing or post-petition interest is allowed in such proceeding).
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Foreign Subsidiary Obligations with respect to any Foreign Subsidiary Borrower, the unpaid principal of and interest on (including, without limitation, interest accruing after the maturity of the Loans made to such Foreign Subsidiary Borrower and interest accruing after the filing of any petition in bankruptcy, or the commencement of any insolvency, reorganization or like proceeding, relating to such Foreign Subsidiary Borrower, whether or not a claim for post-filing or post-petition interest is allowed in such proceeding) the Loans made to such Foreign Subsidiary Borrower and all other obligations and liabilities of such Foreign Subsidiary Borrower to the Administrative Agent, the Canadian Administrative Agent, Multicurrency Administrative Agent, as the case may be, or to the applicable Lenders, whether direct or indirect, absolute or contingent, due or to become due, or now existing or hereafter incurred, which may arise under, out of, or in connection with, this Agreement, any Notes thereunder or the other Loan Documents or any Interest Rate Agreement entered into with a Lender and any other document made, delivered or given in connection therewith, whether on account of principal, interest, reimbursement obligations, fees, indemnities, costs, expenses (including, without limitation, all fees and disbursements of counsel to the Administrative Agent, the Canadian Administrative Agent, the Multicurrency Administrative Agent or to such Lenders that are required to be paid by such Foreign Subsidiary Borrower pursuant to the terms of this Agreement) or otherwise.
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Foreign Subsidiary Obligations has the meaning set forth in Section 9.1.
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Related to Foreign Subsidiary Obligations

  • Foreign Subsidiary Total Assets means the total assets of the Foreign Subsidiaries, as determined on a consolidated basis in accordance with GAAP in good faith by a Responsible Officer.

  • Foreign Subsidiary Holdco any Domestic Subsidiary that has no material assets other than the Capital Stock of one or more Foreign Subsidiaries, and other assets relating to an ownership interest in any such Capital Stock.

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

  • Foreign Subsidiaries means Subsidiaries of Borrower which are organized under the laws of a jurisdiction other than the United States of America, any State of the United States or any political subdivision thereof.

  • Foreign Subsidiary Borrower means any Eligible Foreign Subsidiary that becomes a Foreign Subsidiary Borrower pursuant to Section 2.23 and that has not ceased to be a Foreign Subsidiary Borrower pursuant to such Section.

  • Domestic Obligations means all Obligations owing by the Domestic Loan Parties (other than in respect of Guarantees of Foreign Obligations pursuant to Article IV).

  • Foreign Subsidiary Holding Company means any Subsidiary the primary assets of which consist of Capital Stock in (i) one or more Foreign Subsidiaries or (ii) one or more Foreign Subsidiary Holding Companies.

  • First Tier Foreign Subsidiary means a Foreign Subsidiary, the Equity Interests of which are directly owned by the Borrower or a Domestic Subsidiary that is not a Subsidiary of a Foreign Subsidiary.

  • Direct Foreign Subsidiary means a Subsidiary other than a Domestic Subsidiary a majority of whose Voting Securities, or a majority of whose Subsidiary Securities, are owned by the Borrower or a Domestic Subsidiary.

  • Immaterial Foreign Subsidiary means any Foreign Subsidiary of the Borrower that is not a Material Foreign Subsidiary.

  • Permitted Subsidiary Indebtedness means any of the following:

  • Foreign Subsidiary Voting Stock the voting Capital Stock of any Foreign Subsidiary.

  • Domestic Subsidiary Borrower any Subsidiary Borrower which is a Domestic Subsidiary.

  • Secondary Obligations means all Obligations other than Primary Obligations.

  • Guarantor Subsidiary means each Guarantor other than Holdings.

  • Primary Obligations shall have the meaning provided in Section 7.4(b) of this Agreement.

  • Eligible Foreign Subsidiary means any Foreign Subsidiary that is approved from time to time by the Administrative Agent and each of the Lenders.

  • Unrestricted Subsidiary Indebtedness of any Unrestricted Subsidiary means Indebtedness of such Unrestricted Subsidiary

  • Excluded Foreign Subsidiary any Foreign Subsidiary in respect of which either (a) the pledge of all of the Capital Stock of such Subsidiary as Collateral or (b) the guaranteeing by such Subsidiary of the Obligations, would, in the good faith judgment of the Borrower, result in adverse tax consequences to the Borrower.

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

  • Guaranty Obligations means, with respect to any Person, without duplication, any obligations of such Person (other than endorsements in the ordinary course of business of negotiable instruments for deposit or collection) guaranteeing or intended to guarantee any Indebtedness of any other Person in any manner, whether direct or indirect, and including without limitation any obligation, whether or not contingent, (i) to purchase any such Indebtedness or any Property constituting security therefor, (ii) to advance or provide funds or other support for the payment or purchase of any such Indebtedness or to maintain working capital, solvency or other balance sheet condition of such other Person (including without limitation keep well agreements, maintenance agreements, comfort letters or similar agreements or arrangements) for the benefit of any holder of Indebtedness of such other Person, (iii) to lease or purchase Property, securities or services primarily for the purpose of assuring the holder of such Indebtedness, or (iv) to otherwise assure or hold harmless the holder of such Indebtedness against loss in respect thereof. The amount of any Guaranty Obligation hereunder shall (subject to any limitations set forth therein) be deemed to be an amount equal to the outstanding principal amount (or maximum principal amount, if larger) of the Indebtedness in respect of which such Guaranty Obligation is made.

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

  • Wholly-Owned Foreign Subsidiary means, as to any Person, any Wholly-Owned Subsidiary of such Person which is a Foreign Subsidiary.

  • Excluded Foreign Subsidiaries any Foreign Subsidiary in respect of which either (i) the pledge of all of the Capital Stock of such Subsidiary as Collateral or (ii) the guaranteeing by such Subsidiary of the Obligations, would, in the good faith judgment of the Borrower, result in adverse tax consequences to the Borrower.

  • Affected Foreign Subsidiary means any Foreign Subsidiary to the extent such Foreign Subsidiary acting as a Subsidiary Guarantor would cause a Deemed Dividend Problem.

  • FSHCO means any Subsidiary that owns no material assets other than the Equity Interests of one or more Foreign Subsidiaries that are CFCs and/or of one or more FSHCOs.