Offshore Entities definition

Offshore Entities means the entities listed on Schedule A hereto.

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Offshore Entities means, collectively, the BVI Entities, the Hong Kong Entities and each other Person incorporated in a jurisdiction other than the PRC that is directly or indirectly Controlled by the Company (each an “Offshore Entity”).

Offshore Entities. “Refinancing Indebtedness”, “Scheduled Principal Payments”, “Security Agreements”, “Termination Date” and “Total Revolving Commitment” contained in Section 1 of the Credit Agreement shall be amended and restated in their entirety to read in full as follows:

Examples of Offshore Entities in a sentence

• Provider understands and agrees that certain Payers may not allow Provider to serve as a participating provider for their Plans if Provider utilizes Offshore Entities.

• Creating or permitting any security interest over any asset of the Offshore Entities to exist other than under or permitted by any of the Transaction Documents, which, for the avoidance of doubt, shall not include any maritime liens, arising solely by operation of applicable law and not as a result of an act creating or permitting such lien to arise on the part of any Offshore Entity.

• Permit (a) ▇▇▇▇▇ to create, incur, assume or suffer to exist Indebtedness other than the Pledged Inter-Company Loans, and (b) the Offshore Entities (other than ▇▇▇▇▇) to create, incur, assume or suffer to exist Indebtedness in excess of €30,000,000 at any time outstanding.

• Except as expressly indicated on Parts A and B of Schedule 5.8 attached hereto, as of the Third Amendment Effective Date and the FiberMark Acquisition Effective Date, respectively, each of the Subsidiaries and Offshore Entities listed on such Parts A and B of Schedule 5.8 is wholly-owned by the Credit Party or other Person indicated on such schedule.

• Upon the effectiveness of this Amendment in accordance with Section 37 hereof, the following sentence is added at the end of clause (b) of Section 6.4 of the Credit Agreement: For avoidance of doubt, the Property inspection rights granted to the Agent and the Lenders in this Section 6.4, do not include the Property of the Offshore Entities.

• Entering into any new material UPO Intercompany Contract or any material agreement with any affiliate of The Southern Cross Group or any of its direct or indirect subsidiaries or affiliates that are not Offshore Entities other than as permitted by the Transaction Documents.

• Materially change the nature of its business or enter into any business which is substantially different from the business in which it is engaged as of the Third Amendment Effective Date, except for entry into related businesses that do not in the aggregate substantially change the overall composition of the Credit Parties’ or the Offshore Entities respective businesses; provided that the Credit Parties shall not be required to remain in the pulp business.

• Materially change the nature of its business or enter into any business which is substantially different from the business in which it is engaged as of the Third Amendment Effective Date, except for entry into related businesses that do not in the aggregate substantially change the overall composition of the Credit Parties’ or the Offshore Entities respective businesses.

• Making any assignment, composition, compromise or arrangement for the benefit of one or more of the Offshore Entities' creditors, other than as permitted under the Transaction Documents.

• Subject to the terms and conditions hereof, on the Effective Date, the Agents and each Lender shall forever release Ultrapetrol and Cornamusa of their respective obligations in respect of any guarantee of the Offshore Entities' obligations under the Facility Agreements and the Existing Guarantee Facility Agreement and any other documents related to any Existing Facilities or the Guarantee Facility.

More Definitions of Offshore Entities

Offshore Entities means the Company’s direct and indirect subsidiaries that are incorporated outside the PRC.

Offshore Entities means ▇▇▇▇▇, ▇▇ International HoldCo, NP International, Neenah Germany, each Excluded Foreign Subsidiary and each of the forgoing Persons’ direct or indirect foreign subsidiaries.

Offshore Entities means all the original, previous and current ultimate shareholders, beneficiaries and controllers of the JZPTD duly incorporated in the jurisdiction other than PRC.

Offshore Entities means collectively, the BVI Entities, the Hong Kong Entities, and any Person that hereafter becomes a direct or indirect Subsidiary of the Company that is established in a jurisdiction other than the PRC (each an “Offshore Entity”).