Definition of Applicable Foreign Withholding Taxes


Applicable Foreign Withholding Taxes means the imposition by any non-U.S. jurisdiction of any type of present or future withholding taxes arising as a result of (a) the Borrower's or any Subsidiary of the Borrower's nexus with such jurisdiction, (b) a payment being made by the Borrower or any Subsidiary of the Borrower from an office or account established in such jurisdiction, (c) the Borrower or any Subsidiary of the Borrower owning assets in such jurisdiction or (d) the sale by the Borrower or any Subsidiary of the Borrower of assets in such jurisdiction or of pledged stock of any entity organized under the laws of such jurisdiction.