Foreign Subsidiary Indebtedness definition

Foreign Subsidiary Indebtedness means, as of any date of determination, the sum of the outstanding amount of all Indebtedness of Foreign Subsidiaries (other than Foreign Mortgage Indebtedness).

Foreign Subsidiary Indebtedness means Indebtedness incurred in compliance with Section 7.01(f).

Foreign Subsidiary Indebtedness any Indebtedness of any Foreign Subsidiary.

Examples of Foreign Subsidiary Indebtedness in a sentence

• The obligations of the Company under this Agreement and the other Loan Documents constitute "Indebtedness" and the obligations of the Canadian Borrower, the U.K. Borrower and the Acquisition Borrower under this Agreement and the other Loan Documents constitute "Foreign Subsidiary Indebtedness" under the terms of the "New Bank Credit Facility" as such term is defined in the 1996 Senior Subordinated Indenture, the 1997 Senior Subordinated Indenture and the 1997 Senior Indenture.

• In addition, at the time of the delivery of the financial statements of the Borrower provided for in Sections 8.01(a), (b) and (c), a certificate of an Authorized Financial Officer of the Borrower setting forth (x) the aggregate principal amount (or the Dollar Equivalent thereof) of all Third-Party Foreign Subsidiary Indebtedness outstanding as of the date of such financial statements and (y) the respective Foreign Subsidiary or Foreign Subsidiaries that have incurred such Indebtedness.

• The Borrowers will not, at any time, permit the outstanding principal amount of all Foreign Subsidiary Indebtedness to exceed the Foreign Subsidiary Borrowing Base.

More Definitions of Foreign Subsidiary Indebtedness

Foreign Subsidiary Indebtedness has the meaning specified in Section 8.03.

Foreign Subsidiary Indebtedness means Indebtedness Incurred by a non-U.S. domiciled Subsidiary that has no material U.S. operations.

Foreign Subsidiary Indebtedness means Indebtedness of the Foreign Subsidiaries of Borrower incurred after December 31, 2001."

Foreign Subsidiary Indebtedness shall have the meaning provided in Section 9.04(xiv).

Foreign Subsidiary Indebtedness shall have the meaning assigned such term in Section 9.01(i).

Foreign Subsidiary Indebtedness has the meaning set forth in Section 13.10(p). “Former Lender” has the meaning set forth in Section 9.3.1. “Former Lender Loan” means a loan made by a Former Lender to finance a New Vehicle Floorplan Dealership’s New Vehicles. “Franchise Agreement” has the meaning set forth in Section 10.21. “Fronting Exposure” means, at any time there is a Defaulting Lender, (a) with respect to the LC Issuer, such Defaulting Lender’s ratable share of the LC Obligations with respect to Letters of Credit issued by the LC Issuer other than LC Obligations as to which such Defaulting Lender’s participation obligation has been reallocated to other Lenders or Cash Collateralized in accordance with the terms hereof, and (b) with respect to the Swing Line Lender, such Defaulting Lender’s ratable share of outstanding Swing Line Loans made by the Swing Line Lender other than Swing Line Loans as to which such Defaulting Lender’s participation obligation has been reallocated to other Lenders. “Fund” means any Person (other than a natural person) that is (or will be) engaged in making, purchasing, holding or otherwise investing in commercial loans and similar extensions of credit in the ordinary course of its business. “Funded Debt” means (i) Indebtedness of the type described in clauses (a), (b), (c) and (f) of the definition of Indebtedness, and (ii) all Contingent Obligations in respect of Indebtedness of the type described in clauses (a), (b), (c), and (f) of the definition of Indebtedness; provided, however, that Funded Debt shall not include unsecured trade accounts payable incurred in the ordinary course of business. “GAAP” means generally accepted accounting principles set forth from time to time in the opinions and pronouncements of the Accounting Principles Board of the American Institute of Certified Public Accountants and statements and pronouncements of the Financial Accounting Standards Board (or agencies with similar functions of comparable stature and authority within the U.S. accounting profession) which are applicable to the circumstances as of the date of application. “Governmental Approval” means any authorization, order, consent, adjudication, approval, certificate of compliance, license, permit, validation, or exemption from, contract with, registration or filing with, or report or notice to, any Governmental Body required or permitted by Applicable Law. 20

Foreign Subsidiary Indebtedness means, at any time, the sum of the aggregate outstanding amount of all Indebtedness incurred by all of the Foreign Subsidiaries.