Foreign Subs definition

Foreign Subs has the meaning given in Section 8(d) of the Schedule.
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Foreign Subs means the non-U.S. subsidiaries of the Company.
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Foreign Subs means Canada Telecom Network Inc., ConQuest Operator Services (U.K.) Ltd., CTN Interactive, Inc., SmarTalk Canada Inc., and SmarTalk TeleServices (U.K.) Ltd.
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Examples of Foreign Subs in a sentence

  • Borrower shall not permit any of the assets of any of the Foreign Subs to be subject to any security interest, lien or encumbrance, except for Liens that would be Permitted Liens if the Foreign Sub was a Borrower hereunder (other than Liens securing Indebtedness for borrowed money), and Borrower shall not agree with any other Person to restrict its ability to cause a Foreign Sub to grant any security interest in, or lien or encumbrance on, its assets.

  • Except for Permitted Liens, Borrower shall not permit any of the assets of any of the Foreign Subs to be subject to any security interest, lien or encumbrance, and Borrower shall not agree with any other Person to restrict its ability to cause a Foreign Sub to grant any security interest in, or lien or encumbrance on, its assets.

  • Borrower shall not permit any of the assets of any of the Foreign Subs to be subject to any security interest, lien or encumbrance, and Borrower shall not agree with any other Person to restrict its ability to cause a Foreign Sub to grant any security interest in, or lien or encumbrance on, its assets.

  • Borrower shall not permit any of the assets of any of the Foreign Subs to be subject to any security interest, lien or encumbrance (other than Permitted Liens), and Borrower shall not agree with any other Person to restrict its ability to cause a Foreign Sub to grant any security interest in, or lien or encumbrance on, its assets.

  • Borrower may make Investments in the Foreign Subs, in an aggregate amount not to exceed the amount necessary to fund the current operating expenses of the Foreign Subs (taking into account their revenue from other sources); provided that the total of such investments and loans in any fiscal year to all such Foreign Subs shall not exceed $2,000,000.

  • Holdings intends to cause ICM to liquidate, merge into existing Subsidiary Guarantors or otherwise dispose of the ICM Foreign Subs (the “Disposition”).

  • Borrower covenants that (i) the total assets of all Foreign Subs combined (excluding intercompany obligations due from the Borrower), plus the total assets of Borrower located outside the United States (including without limitation deposits in foreign bank accounts) combined shall not, at any time, exceed $700,000 in the aggregate, and (ii) the total amount maintained by Borrower in foreign bank accounts shall not, at any time, exceed $200,000.

  • Unless otherwise requested by Lender in writing, Borrower’s Foreign Subs will not be required to provide a Guaranty.

  • Borrower may make Investments in the Foreign Subs, in an aggregate amount not to exceed the amount necessary to fund the current operating expenses of the Foreign Subs (taking into account their revenue from other sources); provided that the total of Schedule to Loan and Security Agreement such investments and loans in any fiscal year to all such Foreign Subs shall not exceed $2,000,000.

  • Borrower shall not permit any of the assets of any of the Foreign Subs to be subject to any security interest, lien or encumbrance (other than Foreign Sub Permitted Liens), and Borrower shall not agree with any other Person to restrict its ability to cause a Foreign Sub to grant any security interest in, or lien or encumbrance on, its assets (other than in favor of the holder of a Foreign Sub Permitted Lien with respect to the property subject to such Foreign Sub Permitted Lien).