Pledged Foreign Subsidiaries definition

Pledged Foreign Subsidiaries means the Foreign Subsidiaries set forth on Schedule 1.1(b) and any other Material Foreign Subsidiaries the Capital Stock of which are pledged pursuant to the Foreign Pledge Agreements.
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Pledged Foreign Subsidiaries. (set forth in Section 1 of the Pledge and Security Agreement), and (ii) to substitute therefor the words, “EQIX (Global Holdings) C.V., a limited partnership organized under the laws of the Netherlands”, and (y) to amend and restate the existing Schedule II to the Pledge and Security Agreement in its entirety with the new Schedule II attached hereto. In furtherance of the foregoing and as contemplated by the recitals hereto, the Required Lenders hereby authorize the Administrative Agent to enter into the Dutch Pledge Agreement (hereinafter defined).
Sample 1
Pledged Foreign Subsidiaries means each of (a) Equinix Pacific LLC, a Delaware limited liability company, (b) Equinix South America Holdings, LLC, a Delaware limited liability company, (c) until the consummation of the transactions contemplated in Section 7.05(q) of the Credit Agreement, EQIX (Global Holdings), (d) Equinix Canada Ltd., a company organized under the laws of the Province of Ontario, Canada, (e) after the consummation of the transactions contemplated in Section 7.05(q) of the Credit Xxxxxxxxx, XX0, and (f) any other Foreign Subsidiary or Foreign Subsidiary Holdco from time to time whose Equity Interests have been pledged hereunder by a Grantor, and identified as a “Pledged Foreign Subsidiary” on Schedule II (as updated from time to time).
Sample 1

Examples of Pledged Foreign Subsidiaries in a sentence

  • Each Loan Party has good title to its equity interests in its Subsidiaries, subject only to the Administrative Agent’s Lien (in the case of equity interests in the Loan Parties and the Pledged Foreign Subsidiaries), and all such equity interests are duly issued, fully paid and non-assessable.

  • Xxxxxx Title: Authorized Signatory Each of the undersigned, each being a pledgor of certain Pledged Foreign Subsidiaries hereby consents to the entering into of the Amendment and Restatement Agreement and agrees to the provisions thereof.

  • With the exception of Inactive Subsidiaries, Part (a) of Schedule 5.13 shows, for each Borrower and Subsidiary, its name, its jurisdiction of organization, and the holders of its equity interests, and, for each of the Loan Parties and the Pledged Foreign Subsidiaries, its authorized and issued equity interests.

  • At any time at which the Leverage Ratio of the Company and its consolidated Subsidiaries is greater than 3.00 to 1.00 for the Last Twelve-Month Period based on the most recent quarterly or annual consolidated financial statements delivered pursuant to Section 7.1(A)(i) or (ii), as applicable, no more than 25% of the EBIT of the Obligor Group may be contributed by the Foreign-Owned Subsidiaries that are not Pledged Foreign Subsidiaries (the “Foreign EBIT Cap”).

  • The Company shall, and shall cause each of its Subsidiaries to, comply at all times with the Credit Support Requirement; it being understood and agreed that the Company may add or remove one or more Subsidiaries from their status as either Subsidiary Guarantors or Pledged Foreign Subsidiaries so long as no Default has occurred and is continuing at such time and such addition or removal does not cause noncompliance with the Credit Support Requirement.

  • With the exception of Inactive Subsidiaries, Imation has no Subsidiaries Part (a) of Schedule 5.13 shows, for each Borrower and Subsidiary, its name, its jurisdiction of organization, and the holders of its equity interests, and, for each of the Loan Parties and the Pledged Foreign Subsidiaries, its authorized and issued equity interests.

  • The Administrative Agent shall have received favorable opinions of Belgian counsel, French counsel and Brazilian counsel addressed to the Administrative Agent and the Lenders with respect to the Pledged Foreign Subsidiaries, the Loan Documents, the Collateral and such other matters as the Lenders shall request.

  • Pledged Foreign Subsidiaries: APPENDIX REGARDING ADDITIONAL PLEDGED STOCK NO.

  • Xxxxxx Title: Executive Vice President and Chief Financial Officer By: /s/ Xxxx Xxxxxx Name: Xxxx Xxxxxx Title: Vice President and Treasurer Each of the undersigned, each being a pledgor of certain Pledged Foreign Subsidiaries hereby consents to the entering into of the Amendment and Restatement Agreement and agrees to the provisions thereof.

  • Pledged Foreign Subsidiaries: Name of Subsidiary Number of Shares Certificate Number Percentage Ownership APPENDIX REGARDING ADDITIONAL PLEDGED STOCK NO.


More Definitions of Pledged Foreign Subsidiaries

Pledged Foreign Subsidiaries means each of (a) Equinix Pacific LLC, a Delaware limited liability company, (b) Equinix South America Holdings, LLC, a Delaware limited liability company, (c) EQIX (Global Holdings) C.V., a limited partnership organized under the laws of the Netherlands, (d) Equinix Canada Ltd., a company organized under the laws of the Province of Ontario, Canada, and (e) any other Foreign Subsidiary or Foreign Subsidiary Holdco from time to time whose Equity Interests have been pledged hereunder by a Grantor, and identified as a “Pledged Foreign Subsidiary” on Schedule II (as updated from time to time).
Sample 1

Related to Pledged Foreign Subsidiaries

  • 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.

  • 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.

  • Designated Foreign Subsidiaries means all members of the Company Group that are organized under the laws of any jurisdiction or country other than the United States of America that may be designated by the Board or the Committee from time to time.

  • Restricted Foreign Subsidiary means a Foreign Subsidiary that is a Restricted 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.

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

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

  • 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.

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

  • Domestic Subsidiaries means all Subsidiaries incorporated or organized under the laws of the United States of America, any State thereof or the District of Columbia.

  • 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.

  • 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.

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

  • Pledged Equity Interests means all Pledged Stock, Pledged LLC Interests, Pledged Partnership Interests and Pledged Trust Interests.

  • 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.

  • 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.

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

  • Pledged Subsidiary means each Subsidiary in respect of which the Administrative Agent has been granted a security interest in or a pledge of (a) any of the Capital Securities of such Subsidiary or (b) any intercompany notes of such Subsidiary owing to the Borrower or another Subsidiary.

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

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

  • Pledged Equity Interest means an Equity Interest that is included in the Collateral at such time.

  • 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.

  • Excluded Equity Interests means, collectively: (i) any Equity Interests in any Subsidiary with respect to which the grant to the Collateral Agent, for the benefit of Lenders and the other Secured Parties, of a security interest in and Lien upon, and the pledge to the Collateral Agent, for the benefit of Lenders and the other Secured Parties, of, such Equity Interests, to secure the Obligations (and any guaranty thereof) are validly prohibited by Requirements of Law; (ii) any Equity Interests in any Subsidiary with respect to which the grant to the Collateral Agent, for the benefit of Lenders and the other Secured Parties, of a security interest in and Lien upon, and the pledge to the Collateral Agent, for the benefit of Lenders and the other Secured Parties, of, such Equity Interests, to secure the Obligations (and any guaranty thereof) require the consent, approval or waiver of any Governmental Authority or other third party and such consent, approval or waiver has not been obtained by Borrower following Borrower’s commercially reasonable efforts to obtain the same; (iii) any Equity Interests in any Subsidiary that is a non-Wholly-Owned Subsidiary that the grant to the Collateral Agent, for the benefit of Lenders and the other Secured Parties, of a security interest in and Lien upon, and the pledge to the Collateral Agent, for the benefit of Lenders and the other Secured Parties, of, such Equity Interests, to secure the Obligations (and any guaranty thereof) are validly prohibited by, or would give any third party (other than Borrower or an Affiliate of Borrower) the right to terminate its obligations under, the Operating Documents or the joint venture agreement or shareholder agreement with respect to, or any other contract with such third party relating to such non-Wholly-Owned Subsidiary, including any contract evidencing Indebtedness of such non-Wholly-Owned Subsidiary (other than customary non-assignment provisions which are ineffective under Article 9 of the Code or other Requirements of Law), but only, in each case, to the extent, and for so long as such Operating Document, joint venture agreement, shareholder agreement or other contract is in effect; (iv) any Equity Interests in any other Subsidiary with respect to which, Borrower and the Collateral Agent reasonably determine by mutual agreement that the cost (including Tax costs) of granting the Collateral Agent, for the benefit of Lenders and the other Secured Parties, a security interest in and Lien upon, and pledging to the Collateral Agent, for the benefit of Lenders and the other Secured Parties, such Equity Interests, to secure the Obligations (and any guaranty thereof) are excessive, relative to the value to be afforded to the Secured Parties thereby.

  • Permitted Equity Interests means common stock of the Borrower that after its issuance is not subject to any agreement between the holder of such common stock and the Borrower where the Borrower is required to purchase, redeem, retire, acquire, cancel or terminate any such common stock.

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

  • Guarantor Subsidiaries has the meaning set forth in the Recitals to this Agreement.