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.

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.

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.
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 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.
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 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.
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.
Anything contained herein to the contrary notwithstanding, if for any reason the effective rate of interest on any of the Foreign Subsidiary Obligations should exceed the maximum lawful rate, the effective rate of such Foreign Subsidiary Obligations shall be deemed reduced to and shall be such maximum lawful rate, and any sums of interest which have been collected in excess of such maximum lawful rate shall be applied as credit against the unpaid principal balance due hereunder.
The US Borrower waives diligence, presentment, protest, demand for payment and notice of default (except as specifically set forth in the Loan Documents) or nonpayment to or upon any Foreign Subsidiary Borrower with respect to the Foreign Subsidiary Obligations.
All moneys available to and/or received by Motorola for application toward payment of (or reduction of) the Foreign Subsidiary Obligations may be applied by Motorola in such manner, and apportioned in such amount(s) and at such time(s), as Motorola, in its sole discretion, may deem suitable or desirable.
To that end and without limiting the generality of the foregoing, the Guarantor herewith expressly waives any rights it otherwise might have had under provisions of the law of the State of Florida to require Motorola to attempt to recover against any of the Foreign Subsidiaries and/or to realize upon any securities or collateral security which Motorola or any of the Motorola Parties holds for the Foreign Subsidiary Obligations.

More Definitions of Foreign Subsidiary Obligations

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.

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).

Foreign Subsidiary Obligations has the meaning set forth in Section 9.1.

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.