Common use of Excluded Foreign Subsidiaries Clause in Contracts

Excluded Foreign Subsidiaries. None of the Excluded Foreign Subsidiaries (a) have any assets, (ii) have any liabilities that are recourse to any Borrower or Guarantor, or (c) engage in any activity or business of any kind.

Excluded Foreign Subsidiaries. None of the Excluded Foreign Subsidiaries (ai) have any assets, (ii) have any liabilities that are recourse to any Borrower or GuarantorLoan Party, or (ciii) engage in any activity or business of any kind.