Foreign Subsidiary Holding Company definition

Foreign Subsidiary Holding Company means any Subsidiary the primary assets of which consist of Capital Stock in (i) one or more Foreign Subsidiaries or (ii) one or more Foreign Subsidiary Holding Companies.
Foreign Subsidiary Holding Company any Domestic Subsidiary of the Borrower that wholly-owns the stock of one or more Foreign Subsidiaries and which is disregarded for United States federal income tax purposes as an entity that is separate from its owner but only so long as such Subsidiary has no assets other than the stock of one or more Foreign Subsidiaries and de minimis other assets.
Foreign Subsidiary Holding Company means any Subsidiary substantially all of the assets of which are Equity Interests (or equity and debt interests) in a CFC so long as such Subsidiary does not conduct any business or activity other than the ownership of such equity or debt and does not incur, and is not otherwise liable for, any indebtedness or other liabilities.

Examples of Foreign Subsidiary Holding Company in a sentence

  • In the event that the total assets of any Subsidiary (excluding any Securitization Entity, a Foreign Subsidiary Holding Company or a Restricted JV Subsidiary (so long as such Subsidiary entity is a Joint Venture)) which is not a Domestic Subsidiary or a Guarantor are at any time equal to or greater than Fifty Million and 00/100 Dollars ($50,000,000.00), the US Borrower shall provide the Agent and the Banks with prompt written notice of such asset value.


More Definitions of Foreign Subsidiary Holding Company

Foreign Subsidiary Holding Company means, as of any time of determination, a Domestic Subsidiary that at such time (a) holds Equity Interests of one or more Foreign Subsidiaries, (b) conducts no business or financial operations, (c) has no material Indebtedness, (d) holds no assets other than assets incidental to the ownership of such Equity Interests of such Foreign Subsidiaries, and (e) has no Liens on any of its assets.
Foreign Subsidiary Holding Company means any Domestic Subsidiary that is a direct parent of one or more Foreign Subsidiaries and holds, directly or indirectly, no other assets other than Equity Interests of Foreign Subsidiaries and other de minimis assets related thereto.
Foreign Subsidiary Holding Company a Subsidiary substantially all of the Net Book Value of whose assets consists of Capital Stock of Foreign Subsidiaries.
Foreign Subsidiary Holding Company means any Subsidiary substantially all of whose assets consist of Equity Interests in CFCs.
Foreign Subsidiary Holding Company means any U.S. Subsidiary that has no material assets other than Equity Interests (or Equity Interests and/or debt) of one or more Foreign Subsidiaries or other Foreign Subsidiary Holding Companies.
Foreign Subsidiary Holding Company means any Subsidiary all or substantially all of the assets of which consist of equity interests in one or more Foreign Subsidiaries.
Foreign Subsidiary Holding Company means, with respect to any Person, any Subsidiary of such Person substantially all of whose assets consist of Equity Interests and/or Indebtedness of one or more (a) Foreign Subsidiaries and/or (b) Subsidiaries described in this definition.