Qualified Foreign Subsidiary definition

Qualified Foreign Subsidiary means (x) any wholly-owned Restricted Subsidiary of the Parent Borrower or (y) so long as CCOH is a Subsidiary of the Parent Borrower, any wholly-owned Restricted Subsidiary of CCOH (other than, in each case, any Excluded Subsidiary) that, in each case, (i) is organized or incorporated under the laws of any of the following jurisdictions: (a) England and Wales, (b) Canada or (c) The Netherlands and (ii) has satisfied the Collateral and Guarantee Requirement as a Foreign Subsidiary Borrower.

Qualified Foreign Subsidiary means any Restricted Subsidiary of the Company (other than any Excluded Subsidiary) that satisfies the following criteria: (a) the jurisdiction of organization or incorporation of such Subsidiary is England or Wales, and (b) such Subsidiary is a wholly owned Subsidiary of the Company.

Qualified Foreign Subsidiary any Foreign Subsidiary organized under the laws of a Qualified Jurisdiction.

Examples of Qualified Foreign Subsidiary in a sentence

• The Company may at any time designate any Qualified Foreign Subsidiary as a Foreign Subsidiary Guarantor upon notice to the Administrative Agent and the Collateral Agent.

• When the Administrative Agent and Collateral Agent determine that the Foreign Collateral and Guarantee Requirement with respect to any Qualified Foreign Subsidiary has been satisfied, the Administrative Agent shall send a notice to the Company and the Lenders specifying the effective date upon which such Qualified Foreign Subsidiary shall constitute a Foreign Subsidiary Guarantor, a Subsidiary Guarantor and a Loan Party for purposes of the Credit Agreement and the other Loan Documents.

• No Qualified Foreign Subsidiary shall be permitted to be an Overseas Borrower unless (i) it is organized in a jurisdiction in which any other current Overseas Borrower is organized, (ii) it is organized in a jurisdiction set forth in Schedule 2.14(a) or (iii) its designation as such has been approved by the Majority Revolving Credit Lenders.

• As soon as available, and in any event within twenty (20) days after the end of each month of each fiscal year of Borrowers, aged accounts receivable reports for each Borrower and each Qualified Foreign Subsidiary as of the last day of such month certified by an officer of each Borrower acceptable to Agent.

• Borrowing Base shall mean (a) the Accounts Component plus (b) the Inventory Component; provided, however, that no Property of any Subsidiary organized outside the United States shall be included in the calculation of the Borrowing Base unless such Subsidiary is a Qualified Foreign Subsidiary.

More Definitions of Qualified Foreign Subsidiary

Qualified Foreign Subsidiary. (a) any Foreign Subsidiary listed on Schedule 6.15 and (b) any other Foreign Subsidiary the designation of which as a Subsidiary Borrower is accompanied by any amendments, supplements or other modifications to the Security Documents (including, without limitation, the Mortgages) deemed necessary or appropriate by the Administrative Agent in connection with such designation.

Qualified Foreign Subsidiary means XCI or any of its subsidiaries or any other Subsidiary of Xerox, each of which satisfies the following criteria: (a) the principal place of business and jurisdiction of organization or incorporation of such Subsidiary is located outside the United States, (b) all or, in the case of XCI or any of its subsidiaries, at least 97%, of the shares of capital stock or other ownership interests of such Subsidiary (except directors' qualifying shares) are at the time directly or indirectly owned by Xerox and (c) except in the case of XCI or any of its subsidiaries, such Subsidiary is not a "Specified Subsidiary" under the Reference Indenture (or if the High Yield Indenture ceases to be the Reference Indenture, a corresponding category under a new Reference Indenture) or a "Restricted Subsidiary" under the ESOP Guarantee Agreements.

Qualified Foreign Subsidiary means any Restricted Subsidiary of the Company that satisfies the following criteria: (a) the principal place of business and jurisdiction of organization or incorporation of such Subsidiary is located outside the United States, and (b) such Subsidiary is a wholly owned Subsidiary of the Company at the time.

Qualified Foreign Subsidiary means any non-Domestic Subsidiary that has Consolidated revenue or assets or Consolidated Net Income in an amount that exceeds the Single Subsidiary Threshold and for which the execution by such non-Domestic Subsidiary of a guaranty of the Obligations of the Loan Parties under the Loan Documents or the grant of a security interest in part or all of its assets will not result in a material adverse tax consequence to the Borrower and its Subsidiaries, taken as a whole.

Qualified Foreign Subsidiary shall be substituted for "Borrower" in the definition of Costs in Excess of Xxxxxxxx-

Qualified Foreign Subsidiary shall be substituted for "Borrower" in the definition of Eligible Accounts-Borrowers). Notwithstanding the foregoing, the accounts receivable with respect to the Pemex Contracts may appear on the books of Contractors, but in any event, shall be included only once in the Borrowing Base.

Qualified Foreign Subsidiary means ECH and any other Subsidiary of Parent or any Borrower (a) which is a Foreign Person, (b) which has been approved by Eximbank to be a Qualified Foreign Subsidiary, and (c) with respect to which Agent has received the following in form and substance satisfactory to Agent (i) the Organizational Documents, (ii) a security agreement or similar document pursuant to which such Subsidiary pledges and grants to Agent a security interest in its accounts, contract rights, documents, instruments, and deposit accounts at Agent, (iii) a guaranty agreement pursuant to which such Subsidiary guarantees the Obligations, and (iv) an opinion of counsel to the effect that such security agreement and guaranty agreement have been duly authorized and executed by such Subsidiary and are legal, valid and binding obligations of such Subsidiary and that the security interest created by such security agreement is a first priority security interest.