Affected Foreign Subsidiary definition

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

Affected Foreign Subsidiary means any Foreign Subsidiary to the extent such Foreign Subsidiary acting as a Subsidiary Guarantor would (a) be prohibited by applicable law or (b) would cause a Deemed Dividend Problem.

Affected Foreign Subsidiary means any Foreign Subsidiary to the extent a pledge of more than 66 2/3% of the voting Equity Interests in such Foreign Subsidiary would cause a Deemed Dividend Problem.

Examples of Affected Foreign Subsidiary in a sentence

• Notwithstanding anything contained in this Article X to the contrary, no Foreign Subsidiary Borrower which is and remains an Affected Foreign Subsidiary shall be liable hereunder for any of the Loans made to, or any other Secured Obligation incurred solely by or on behalf of, the Company or any Subsidiary Guarantor which is a Domestic Subsidiary.

• New York corporation Domestic Non-Operating Subsidiary Psyop Media Company Cyprus Limited Cyprus limited company First Tier Foreign Non-Operating Subsidiary Psyop Productions, LLC Delaware limited liability company Domestic Operating Subsidiary Psyop Media Company UK Limited Private limited company incorporated in England and Wales First Tier Foreign Operating Subsidiary and Affected Foreign Subsidiary Psyop Media Company UK Holdings, Inc.

More Definitions of Affected Foreign Subsidiary

Affected Foreign Subsidiary means any Foreign Subsidiary to the extent such Foreign Subsidiary being liable for the Obligations of the Company or any Subsidiary (whether by way of a guarantee, the granting of security interests, the pledging of assets, joint and several liability, or otherwise) would cause a Deemed Dividend Problem or any other adverse tax consequence under applicable law to any Loan Party as determined by the Company in its commercially reasonable judgment acting in good faith and in consultation with its legal and tax advisors and the Administrative Agent and its counsel.

Affected Foreign Subsidiary is defined in the definition of Subsidiary Guarantor.

Affected Foreign Subsidiary means any Foreign Subsidiary to the extent a pledge of more than 662/3% of the voting Equity Interests in such Foreign Subsidiary would cause a Deemed Dividend Problem.

Affected Foreign Subsidiary means any Foreign Subsidiary to the extent 66 2/3% or more of the voting Equity Interests of such Foreign Subsidiary being pledged to support the Secured Obligations could reasonably be expected to cause a Deemed Dividend Issue.

Affected Foreign Subsidiary means any Foreign Subsidiary to the extent such Foreign Subsidiary acting as a Subsidiary Guarantor of the Obligations of any Loan Party would cause a Deemed Dividend Problem or Financial Assistance Problem.

Affected Foreign Subsidiary means any subsidiary of a Subsidiary organized under the laws of a jurisdiction located in the United States of America so long as such subsidiary (x) is a Foreign Subsidiary and (y) such Foreign Subsidiary acting as a Subsidiary Guarantor would cause a Deemed Dividend Problem.

Affected Foreign Subsidiary means any Foreign Subsidiary to the extent greater than 65% of the voting Equity Interests of such Foreign Subsidiary being pledged to support the Secured Obligations would cause a Deemed Dividend Issue.