Foreign Subsidiary Holding Company definition

Foreign Subsidiary Holding Company means any Domestic Subsidiary that is a direct parent of one or more Foreign Subsidiaries and holds, directly or indirectly, no other assets other than Equity Interests of Foreign Subsidiaries and other de minimis assets related thereto.

Foreign Subsidiary Holding Company means any Subsidiary of the Company which is organized under the laws of the United States of America or any State thereof or the District of Columbia, substantially all of the assets of which consist of the Capital Stock or Indebtedness of one or more Foreign Subsidiaries (or Restricted Subsidiaries thereof) and other assets relating to an ownership interest in such Capital Stock or Indebtedness.

Foreign Subsidiary Holding Company means, as of any time of determination, a Domestic Subsidiary that at such time (a) holds Equity Interests of one or more Foreign Subsidiaries, (b) conducts no business or financial operations, (c) has no material Indebtedness, (d) holds no assets other than assets incidental to the ownership of such Equity Interests of such Foreign Subsidiaries, and (e) has no Liens on any of its assets.

Examples of Foreign Subsidiary Holding Company in a sentence

• In the event that the total assets of any Subsidiary (excluding any Securitization Entity or a Foreign Subsidiary Holding Company) which is not a Domestic Subsidiary or a Guarantor are at any time equal to or greater than Twenty Million and 00/100 Dollars ($20,000,000.00), the Borrower shall provide the Agent and the Banks with prompt written notice of such asset value.

• If any Non-Guarantor Subsidiary (other than a Foreign Subsidiary Holding Company) shall give a guaranty or become obligated under Support Obligations relating to any Indebtedness in excess of $25,000,000, the Borrower will (A) promptly notify the Administrative Agent and each Lender thereof and (B) within forty-five (45) days thereafter, cause one or more of the Non-Guarantor Subsidiaries to become a “Guarantor” hereunder by way of execution of a Joinder Agreement.

• The Company will not, and will not permit (i) any Initial Subsidiary Guarantor that is then a Domestic Subsidiary and not a Foreign Subsidiary Holding Company or (ii) any Principal Domestic Subsidiary to, create, incur, assume or suffer to exist any Lien upon any of its assets except Permitted Liens.

More Definitions of Foreign Subsidiary Holding Company

Foreign Subsidiary Holding Company means any Subsidiary substantially all of whose assets consist of Equity Interests in CFCs.

Foreign Subsidiary Holding Company means a Subsidiary substantially all of the Net Book Value of whose assets consists of Capital Stock of one or more Foreign Subsidiaries.

Foreign Subsidiary Holding Company any Restricted Subsidiary of the Borrower which is a Domestic Subsidiary substantially all of the assets of which consist of the Capital Stock or Indebtedness of one or more Foreign Subsidiaries (or Restricted Subsidiaries thereof) and other assets relating to an ownership interest in such Capital Stock or Indebtedness, or Restricted Subsidiaries.

Foreign Subsidiary Holding Company means a Subsidiary substantially all of the Net Book Value of whose assets consists of Capital Stock (or other interests that could reasonably be characterized as equity for U.S. federal income tax purposes) of one or more Foreign Subsidiaries or other Foreign Subsidiary Holding Companies.

Foreign Subsidiary Holding Company means any Subsidiary of the Borrower that has no material assets other than the equity interests of one or more CFCs.

Foreign Subsidiary Holding Company means any U.S. Subsidiary that has no material assets other than Equity Interests (or Equity Interests and/or debt) of one or more Foreign Subsidiaries or other Foreign Subsidiary Holding Companies.

Foreign Subsidiary Holding Company means, with respect to any Person, any Subsidiary of such Person substantially all of whose assets consist of Equity Interests and/or Indebtedness of one or more (a) Foreign Subsidiaries and/or (b) Subsidiaries described in this definition.