Excluded Domestic Subsidiary definition

Excluded Domestic Subsidiary means any Domestic Subsidiary that is (a) a direct or indirect Subsidiary of an Excluded Foreign Subsidiary or (b) an Excluded Domestic Holdco.

Excluded Domestic Subsidiary means any Domestic Subsidiary directly or indirectly owned by a CFC.

Excluded Domestic Subsidiary means any direct or indirect Subsidiary of a Loan Party that is directly or indirectly owned (in whole or in part) by any Foreign Subsidiary of a Loan Party.

Examples of Excluded Domestic Subsidiary in a sentence

• For the avoidance of doubt, no Excluded Domestic Subsidiary shall be an Additional Borrower.

• Notwithstanding anything to the contrary in any Loan Document, (i) no Excluded Domestic Subsidiary or Excluded Foreign Subsidiary shall be required to be a Loan Party and (ii) no Collateral constituting fee-owned real property located in the State of New York shall secure any Commitments, Revolving Loans or Revolving Exposure.

• Solely for purposes of this Section 9.10(b) and the definition of “Subsidiary Guarantors”, (i) an Excluded Domestic Subsidiary which is a Material Domestic Subsidiary shall be deemed to be a first-tier Material Foreign Subsidiary and (ii) a Material Foreign Subsidiary the Capital Stock of which is owned by an Excluded Domestic Subsidiary shall not be deemed to be a first-tier Material Foreign Subsidiary.

• In addition, any pledge of Equity Interests of any Foreign Subsidiary or of any Excluded Domestic Subsidiary shall be limited to (and shall not exceed) sixty-five percent (65%) of the outstanding voting Equity Interests and one hundred percent (100%) of outstanding non-voting Equity Interests of each Foreign Subsidiary directly owned by a Loan Party and each Excluded Domestic Subsidiary directly owned by a Loan Party.

• Notwithstanding anything in Section 6.4.2 to the contrary, in no event shall any payments under Section 6.4.2 by any Foreign Borrower, Foreign Subsidiary or Excluded Domestic Subsidiary be allocated to the repayment of any Obligation of a Domestic Loan Party or shall otherwise reduce the Obligations of a Domestic Loan Party.

More Definitions of Excluded Domestic Subsidiary

Excluded Domestic Subsidiary any Subsidiary of the Company Borrower that is (i) a CFC Holdco or (ii) a direct or indirect Domestic Subsidiary of a Foreign Subsidiary that is a CFC.

Excluded Domestic Subsidiary means County Line Mutual Water Company, a Wholly-Owned Domestic Subsidiary of the U.S. Borrower.

Excluded Domestic Subsidiary means a Domestic Subsidiary substantially all of the assets of which consist of the Capital Stock of Foreign Subsidiaries.

Excluded Domestic Subsidiary means each Subsidiary incorporated or organized in the United States or any State or territory thereof that is (a) a Subsidiary of a Subsidiary that is a CFC or (b) a “disregarded entity” for U.S. federal income tax purposes, the primary assets of which are Equity Interests of another Subsidiary that is a CFC and, if applicable, intercompany debt issued by such Subsidiary.

Excluded Domestic Subsidiary means County Line Mutual Water Company, a Wholly-Owned Domestic Subsidiary of the Borrower.

Excluded Domestic Subsidiary means any Domestic Subsidiary which is classified as a “disregarded entity” for United States Federal Income tax purposes and substantially all the assets of which are the capital stock of one or more Foreign Subsidiaries.

Excluded Domestic Subsidiary means any Domestic Subsidiary substantially all the assets of which are Equity Interests in Foreign Subsidiaries. For the avoidance of doubt, AMCNI (or its successor) shall be an Excluded Domestic Subsidiary.