Qualifying Ford Subsidiary definition

Qualifying Ford Subsidiary means a Ford Borrower (i) which is a Floor Plan Subsidiary, (ii) which has granted a general Lien and security interest in favor of the Agent for the benefit of the THIRD AMENDED AND RESTATED REVOLVING CREDIT AGREEMENT Banks in substantially all of the Property subject only to Permitted Liens, (iii) which is a co-maker of the Notes with joint and several liability with all other Ford Borrowers for all the Obligations to the extent of the Ford Borrower Liability Amount, except as limited by Section 13.13 of this Agreement, (iv) which has no Indebtedness except as permitted pursuant to Sections 10.1(a), (f), (g), (l) and (m), and (v) which is in all other respects in compliance with the terms of this Agreement.
Sample 1
Qualifying Ford Subsidiary means a Ford Borrower (i) which is a Floor Plan Subsidiary, (ii) which has granted a general Lien and security interest in favor of the Agent for the benefit of the Banks in substantially all of the Property subject only to Permitted Liens, (iii) which is a co-maker of the Notes with joint and several liability with all other Ford Borrowers for all the Obligations to the extent of the Ford Borrower Liability Amount, except as limited by Section 13.13 of this Agreement, (iv) the capital stock or other equity ownership of which has been pledged by the Company to the Agent for the benefit of the Banks, (v) which has no Indebtedness except as permitted pursuant to Sections 10.1(a), (f), (g), (l) and (m), and (vi) which is in all other respects in compliance with the terms of this Agreement.
Sample 1
Qualifying Ford Subsidiary means a Wholly-Owned Subsidiary that is a Ford Borrower (i) which is a Floor Plan Subsidiary, (ii) which has granted a general, first priority Lien and security interest in favor of the Agent for the benefit of the Lenders on such Subsidiary's accounts, inventory, equipment, general intangibles and the proceeds thereof subject only to Permitted Liens (including Liens securing Permitted New Vehicle Floor Plan Indebtedness), (iii) which is a co-maker or guarantor of the Notes with joint and several liability with all other Ford Borrowers for all the Obligations to the extent of the Ford Borrower Liability Amount, except as limited by Section 13.13, (iv) which has no Indebtedness except as permitted pursuant to Section 10.1(a), Section 10.1(e), Section 10.1(f), Section 10.1(g), Section 10.1(j), Section 10.1(k) and Section 10.1(m), and (v) which is in all other respects in compliance with the terms of this Agreement.
Sample 1

More Definitions of Qualifying Ford Subsidiary

Qualifying Ford Subsidiary means a Ford Borrower (i) which is a Floor Plan Subsidiary, (ii) which has granted a general Lien and security interest in favor of the Agent for the benefit of the Banks in substantially all of the Property subject only to Permitted Liens, (iii) which is a co-maker of the Notes with joint and several liability with all other Ford Borrowers for all the Obligations to the extent of the Ford Borrower Liability Amount, except as limited by Section 13.13 of this Second Amended and Restated Revolving Credit Agreement
Sample 1

Related to Qualifying Ford Subsidiary

  • Qualifying Subsidiary means any Subsidiary of the Company that (i) is not the Issuer or an Initial Guarantor, and (ii) at the relevant time of determination, is not a Joint Venture Company, a Project Company, a Local Operating Company, a Bidding Company or a Holding Vehicle.

  • Qualifying Company means a qualifying company within the meaning of section 110 of the Taxes Act;

  • Non-U.S. Subsidiary means any Subsidiary that is not a U.S. Subsidiary.

  • Major Subsidiary means a subsidiary of an issuer if

  • Qualified Subsidiary means any direct or indirect Domestic Subsidiary or Eligible Foreign Subsidiary.

  • Excluded Subsidiary means (a) any Subsidiary that is not a wholly-owned direct or indirect Domestic Subsidiary of Holdings, (b) any Subsidiary that is prohibited or restricted by applicable Law or by Contractual Obligations permitted by this Agreement in existence at the time of acquisition of such Subsidiary but not entered into in contemplation thereof, from guaranteeing the Obligations or if guaranteeing the Obligations would require governmental (including regulatory) consent, approval, license or authorization, unless such consent, approval, license or authorization has been received, or for which the provision of a Guarantee would result in material adverse tax consequences to the Borrower or one of its subsidiaries as reasonably determined by the Borrower and agreed in writing by the Administrative Agent, (c) any other Subsidiary with respect to which, in the reasonable judgment of the Borrower and the Administrative Agent, the burden or cost of providing a Guarantee shall be excessive in view of the benefits to be obtained by the Lenders therefrom, (d) any not-for-profit Subsidiaries or captive insurance Subsidiaries, (e) any Unrestricted Subsidiaries, (f) any Securitization Subsidiary, (g) any direct or indirect Domestic Subsidiary of a direct or indirect Foreign Subsidiary of Holdings that is a CFC, (h) any direct or indirect Domestic Subsidiary of Holdings that is a FSHCO, (i) [reserved], (j) captive insurance Subsidiaries, (k) any Subsidiary that is not a Material Subsidiary and (l) any Restricted Subsidiary acquired pursuant to a Permitted Acquisition or other Investment that has assumed secured Indebtedness permitted under Section 7.03(g)(i) and not incurred in contemplation of such Permitted Acquisition or other Investment, in each case to the extent such secured Indebtedness prohibits such Subsidiary from becoming a Guarantor (so long as such prohibition is not incurred in contemplation of such Permitted Acquisition or other Investment). For the avoidance of doubt, the Borrower shall not constitute an Excluded Subsidiary.

  • Significant Domestic Subsidiary means any Domestic Subsidiary that is a Significant Subsidiary.

  • Qualifying corporation means any person classified for federal income tax purposes as an association taxable as a corporation, except either of the following:

  • Qualifying Affiliate Guarantee means a Qualifying Guarantee provided by a Reference Entity in respect of an Underlying Obligation of a Downstream Affiliate of that Reference Entity.

  • Designated Subsidiary means any Subsidiary which has been designated by the Board from time to time in its sole discretion as eligible to participate in the Plan.

  • Subsidiary means any subsidiary of the Company and shall, where applicable, also include any direct or indirect subsidiary of the Company formed or acquired after the date hereof.

  • Controlled Subsidiary means any Subsidiary of the Company, 50% or more of the outstanding equity interests of which are owned by the Company and its direct or indirect Subsidiaries and of which the Company possesses, directly or indirectly, the power to direct or cause the direction of the management or policies, whether through the ownership of voting equity interests, by agreement or otherwise.

  • Foreign Subsidiary Holding Company means any Domestic Subsidiary that is a direct parent of one or more Foreign Subsidiaries and holds, directly or indirectly, no other assets other than Equity Interests of Foreign Subsidiaries and other de minimis assets related thereto.

  • Inactive Subsidiary means any Subsidiary of a Borrower that (a) does not conduct any business operations, (b) has assets with a total book value not in excess of $1,000,000 and (c) does not have any Indebtedness outstanding.

  • qualifying entity shall have the meaning set forth in Section 5.2.13(b) hereof.

  • JV Subsidiary any Subsidiary of a Group Member which is not a Wholly Owned Subsidiary and as to which the business and management thereof is jointly controlled by the holders of the Capital Stock therein pursuant to customary joint venture arrangements.

  • Material Restricted Subsidiary any Restricted Subsidiary other than one or more Restricted Subsidiaries designated by the Borrower that in the aggregate do not constitute Material Subsidiaries.

  • qualifying holding means a direct or indirect holding in an undertaking which represents 10 % or more of the capital or of the voting rights or which makes it possible to exercise a significant influence over the management of that undertaking;

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

  • Project Subsidiary means any Subsidiary of the Company held for the purpose of holding, constructing or acquiring power generation facilities or related or ancillary assets or properties and any Subsidiary of the Company whose assets consist primarily of equity interests in one or more other Project Subsidiaries; provided that a Subsidiary will cease to be a Project Subsidiary if it Guarantees any Indebtedness of the Company other than obligations of the Company related to Project Debt of one or more Project Subsidiaries.

  • Excluded Entity means each of the Hong Kong Disneyland Entities, the Shanghai Project Entities and the Specified Project Entities.

  • Immaterial Domestic Subsidiary means any Domestic Subsidiary that is not a Material Domestic Subsidiary.

  • Wholly Owned Restricted Subsidiary of any Person means any Wholly Owned Subsidiary of such Person which at the time of determination is a Restricted Subsidiary of such Person.

  • UK Subsidiary means a Subsidiary organized under the laws of England and Wales.