Offshore Subsidiary definition

Offshore Subsidiary means any Subsidiary incorporated outside the PRC.

Offshore Subsidiary means any Subsidiary which is not a U.S. Subsidiary.

Offshore Subsidiary means each Subsidiary of the Company which is incorporated in any jurisdiction other than the People’s Republic of China.

Examples of Offshore Subsidiary in a sentence

• Any Purchaser Offshore Subsidiary Securities issued pursuant to the foregoing provisions of this Section 9.3(c) shall be issued at the applicable Additional Securities Purchase Price provided in Section 9.3(d).

• For the avoidance of doubt, the Additional Securities Purchase Price for any Purchaser Offshore Subsidiary Securities shall be payable upon the issuance of such Purchaser Offshore Subsidiary Securities.

• Each U.S. Subsidiary (other than a Dormant Subsidiary) has executed and delivered to the Administrative Agent a U.S. Subsidiary Guaranty; and each Offshore Subsidiary (other than GEI) has duly executed and delivered to the Administrative Agent an Offshore Subsidiary Guaranty.

• The Barbados Courts (or other applicable jurisdictions in the case of any Offshore Subsidiary) will rank the obligations of GEI or any Offshore Subsidiary Guarantor under the GEI Notes or the Offshore Subsidiary Guaranty at least pari passu with all unsecured and unsubordinated indebtedness of GEI or such Offshore Subsidiary Guarantor in the event such Person becomes insolvent or bankrupt and a custodian, liquidator, trustee or receiver is appointed for the major part of the property of such entity.

• Since the incorporation of each Offshore Subsidiary in the Cayman Islands or British Virgin Islands, such Subsidiary does not engage in any business and has not incurred any liability in the course of its business of acquiring and holding certain equity interest in the applicable PRC Subsidiaries.

More Definitions of Offshore Subsidiary

Offshore Subsidiary means a Subsidiary of a Loan Party, which Subsidiary is organized under the laws of any jurisdiction other than the United States or a state thereof. Official Body shall mean any national, federal, state, local or other government or political subdivision or any agency, authority, board, bureau, central bank, commission, department or instrumentality of either, or any court, tribunal, grand jury or arbitrator, in each case whether foreign or domestic. Participation Advance shall mean, with respect to any Lender, such Lender’s payment in respect of its participation in a Letter of Credit Borrowing according to its Ratable Share pursuant to Section 2.10(d).

Offshore Subsidiary means a Restricted Subsidiary that is not an Onshore Subsidiary. Solely upon the occurrence and continuation of an event of default, the payment of (i) the Company’s suppliers, service providers and any other related payments in the ordinary course of business; (ii) salaries to the independent non-executive directors and officers of the Company and any other related payments in the ordinary course of business; and (iii) any and all fees and expenses incurred by the Company, including the payment by the Company of the professional fees and expenses of the holders of the Existing Notes and the holders of New Notes, in connection with or in preparation for any legal proceeding or other procedure or step in relation to a provisional liquidation, liquidation, reorganization, bankruptcy or other restructuring, liquidation or similar process or proceeding of or in relation to the Company (all such fees and expenses, the “Restructuring Fees”), in each case, if paid from offshore funds, shall be paid solely from the EFG JPL Account.

Offshore Subsidiary means a Restricted Subsidiary that is not an Onshore Subsidiary. In connection with the indebtedness incurred under b.(14) , the Issuer shall use 100% of the net proceeds to repay the New Notes, provided that if such use requires SAFE or any regulatory approval, the affected proceeds shall be retained in a separate custody account for the benefit of the Noteholders until such approval is obtained. If an item of indebtedness meets the criteria of one or more categories of Permitted Indebtedness, the Issuer, in its sole discretion, shall determine which category or categories it is relying upon. The Issuer may reclassify an item of indebtedness at any time to a different category of Permitted Indebtedness, if such item of indebtedness could have been borrowed at such time thereunder.

Offshore Subsidiary means a Subsidiary of a Loan Party, which Subsidiary is organized under the laws of any jurisdiction other than the United States or a state thereof and which Subsidiary is engaged in the purchase of goods outside of the United States for the sale of such goods to a Loan Party for resale by a Loan Party at its retail locations. OFFICIAL BODY shall mean any national, federal, state, local or other government or political subdivision or any agency, authority, board, bureau, central bank, commission, department or instrumentality of either, or any court, tribunal, grand jury or arbitrator, in each case whether foreign or domestic. PARTICIPATION ADVANCE shall mean, with respect to any Lender, such Lender's payment in respect of its participation in a Letter of Credit Borrowing according to its Ratable Share pursuant to Section 2.10(d).

Offshore Subsidiary means a Subsidiary organized under the laws of a jurisdiction other than the United States or any State thereof or the District of Columbia.

Offshore Subsidiary means a Subsidiary of GEI organized under the laws of a jurisdiction located outside the United States.

Offshore Subsidiary means any Subsidiary of Guarantor incorporated ------------------- or otherwise organized under the laws of a jurisdiction other than one of the 50 states of the United States or the District of Columbia.