U.S. Subsidiary definition

U.S. Subsidiary means any Subsidiary that is incorporated or organized under the laws of the United States or a state thereof or the District of Columbia.

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U.S. Subsidiary means any Subsidiary that is organized under the laws of the United States of America, any state thereof or the District of Columbia.

U.S. Subsidiary means any Subsidiary that is not a Foreign Subsidiary.

Examples of U.S. Subsidiary in a sentence

• None of the U.S. Borrower, any Subsidiary of the U.S. Borrower or any Affiliate of the U.S. Borrower or any U.S. Subsidiary Guarantor: (i) is a Sanctioned Person, (ii) has more than ten percent (10%) of its assets in Sanctioned Entities, or (iii) derives more than ten percent (10%) of its operating income from investments in, or transactions with Sanctioned Persons or Sanctioned Entities.

• U.S. Subsidiary will employ Executive on the terms and conditions set forth herein.

• U.S. Subsidiary will reimburse Executive for reasonable travel, entertainment or other expenses incurred by Executive in the furtherance of or in connection with the performance of Executive’s duties hereunder, in accordance with U.S. Subsidiary’s expense reimbursement policy as in effect from time to time.

• Any US Subsidiary Borrower and Foreign Borrower shall continue to be a Borrower and a party hereunder until the Administrative Borrower shall have executed and delivered to the Administrative Agent a Borrower Termination Agreement with respect to such Borrower, whereupon such Borrower shall cease to be a Borrower and a party hereunder.

• Except as otherwise provided herein, to earn any part of the Annual Bonus, the Executive must be employed by the U.S. Subsidiary on December 31 of the applicable bonus year.

More Definitions of U.S. Subsidiary

U.S. Subsidiary means any Restricted Subsidiary that is organized under the Laws of the United States, any state thereof or the District of Columbia.

U.S. Subsidiary any Subsidiary of the Top Borrower organized under the laws of the United States, any state within the United States or the District of Columbia.

U.S. Subsidiary means any Subsidiary of the Parent Borrower that is organized under the laws of the United States, any state thereof, or the District of Columbia.

U.S. Subsidiary means, with respect to any Person, any Subsidiary of such Person that is organized or existing under the laws of the United States, any state thereof, or the District of Columbia.

U.S. Subsidiary of any specified Person means a Subsidiary of such Person that is organized under the laws of any state of the United States or the District of Columbia.

U.S. Subsidiary means any Restricted Subsidiary other than a Foreign Subsidiary.

U.S. Subsidiary means each Subsidiary which is not a Non-U.S. Subsidiary; “U.S. Subsidiaries” means all such Subsidiaries.