Foreign Losses definition
Foreign Losses means the aggregate balance of all Foreign Subsidiary Obligations, following the acceleration thereof, and after application of all Foreign Subsidiary Collections through the date upon which Agent advises the Lender that in the exercise of Agent's reasonable judgment, no further material Foreign Subsidiary Collection will be realized.
Foreign Losses means the aggregate of all monetary losses whatsoever which any BNY Company may suffer or incur by reason of a Foreign Subsidiary's failure to observe or perform in full all of their Foreign Subsidiary Obligations however arising, including but not limited to all liabilities, obligations, losses, damages, penalties, actions, judgments, suits, costs, expenses, fees or disbursements of any kind or nature whatsoever and/or all liabilities of a BNY Company to a Foreign Subsidiary and/or third parties arising out of or related to any Foreign Subsidiary Credit Agreements
Examples of Foreign Losses in a sentence
The Risk Participation shall be payable from time to time by each Lender to Agent on demand following receipt of notice by such Lender of the incurrence by a BNY Company of Foreign Losses and the amount thereof (a "Payment Event").
TD 9595 (REG–141399–07) Consolidated Overall Foreign Losses, Separate Limita- tion Losses, and Overall Domestic Losses.