“Controlled Foreign Subsidiary” means any Subsidiary of the Borrower that is a “controlled foreign corporation” within the meaning of Section 957 of the Code.
Foreign Subsidiary: a Subsidiary that is a “controlled foreign corporation” under Section 957 of the Code.
“Foreign Subsidiary” means any Subsidiary of the Borrower that is a Controlled Foreign Corporation.
“Foreign Subsidiary” means any Subsidiary of a Loan Party that is # a “controlled foreign corporation” under Section 957 of the Code, (b) (i) a Domestic Subsidiary or # treated as a disregarded entity for U.S. federal income tax purposes, in each case described in this clause (b), substantially all the assets of which are comprised of equity interests (or equity interests and debt interests) in one or more “controlled foreign corporations” under Section 957 of the Code or # any Subsidiary of an entity described in clauses (a) or (b).
“CFC” shall mean a Subsidiary of Lead Borrower that is a “controlled foreign corporation” within the meaning of Section 957 of the Code.
AllDrafts is a cloud-based editor designed specifically for contracts. With automatic formatting, a massive clause library, smart redaction, and insanely easy templates, it’s a welcome change from Word.
And AllDrafts generates clean Word and PDF files from any draft.