Non-U.S. Group definition
Non-U.S. Group means the group of Non-U.S. Subsidiaries that are Restricted Subsidiaries (excluding any Subsidiaries that are prohibited or restricted by applicable law, rule or regulation from becoming EMEA Credit Parties).
Non-U.S. Group means the group of Non-U.S. Subsidiaries that are Restricted Subsidiaries (excluding any Subsidiaries that are prohibited or restricted by applicable law, rule or regulation from becoming EMEA Credit Parties). “Non-U.S. Perfection Requirements” means, with respect to any Non-U.S. Security Agreement, the making of or procuring of any and all registrations, filings, notices and other actions and steps required to be made in any non-U.S. jurisdiction pursuant to the terms of such Non-U.S. Security Agreement (including with a court or another official authority in that jurisdiction) in order to perfect security interests created by the Non-U.S. Security Agreement or in order to achieve the relevant priority for such security interests created thereunder. “Non-U.S. Plan” shall mean any employee benefit plan, program, policy, arrangement or agreement maintained or contributed to by the U.S. Borrower or any of its Subsidiaries with respect to employees employed outside of the United States or outside of Canada and for greater clarity, does not include a Canadian Pension Plan. “Non-U.S. Plan Event” shall mean, with respect to any Non-U.S. Plan, (i) substantial non- compliance with its terms or with the requirements of any applicable laws, statutes, rules, regulations and orders, (ii) failure to be maintained, where required, in good standing with applicable regulatory authorities, (iii) any obligation of the U.S. Borrower or its Subsidiaries in connection with the termination or partial termination of, or withdrawal from, any such Non-U.S. Plan, (iv) any Lien on the property of the U.S. Borrower or its Subsidiaries in favor of a Governmental Authority as a result of any action or inaction regarding such a Non-U.S. Plan, (v) for each such Non-U.S. Plan which is a funded or insured plan, failure to be funded or insured on an ongoing basis to the extent required by applicable non-U.S. law (using actuarial methods and assumptions which are consistent with the valuations last filed with the applicable Governmental Authorities), or (vi) failure to make all contributions in a timely manner to the extent required by applicable law. “Non-U.S. Prepayment Group” means the group of Non-U.S. EMEA Credit Parties and their respective Restricted Subsidiaries. “Non-U.S. Security Agreement” means any Security Document governed by the laws of a jurisdiction other than the United States or any state thereof. “Non-U.S. Subsidiary” means any Subsidiary that is not a U.S. Subsidiary. “N...
Examples of Non-U.S. Group in a sentence
Buyer shall not make an election under Section 338 of the Code or, if applicable, any similar election under any applicable state or local laws, with respect to any Group Company that is not a Non-US Group Company.
Nothing in this Section 6.3 or anywhere in this Agreement shall be construed to prohibit Buyer from making any such election with respect to the Non-US Group Companies.
Such notations shall be prima facie evidence of the accuracy of such information; provided, however, that the failure of any Lender to make any such notations shall not limit or otherwise affect any Obligations of the Borrower or any other Non-U.S. Group Company.