Foreign Subsidiary definition
Examples of Foreign Subsidiary in a sentence
For the avoidance of doubt, nothing in this Section 2.05(b)(v) shall require the Borrower to cause any amounts to be repatriated to the United States (whether or not such amounts are used in or excluded from the determination of the amount of any mandatory prepayments hereunder) and (C) the amount of any Foreign Subsidiary Excess Cash Flow not repatriated pursuant to this clause (v) shall not be included in, or increase, the Cumulative Credit.
Notwithstanding the foregoing, each Domestic Loan Party shall pledge 100% of the equity it directly owns in any Protected CFC, provided that such pledge (and any perfection of any such security interest, as applicable) shall not be required to be governed by the laws of the applicable Protected CFC's jurisdiction of incorporation or formation unless and until such Protected CFC constitutes a Material Foreign Subsidiary.