Excluded Equity

Example Definitions of "Excluded Equity"
Excluded Equity. Any voting stock of any direct Subsidiary of any Obligor that is a controlled foreign corporation (as defined in Section 957 of the Internal Revenue Code (a "CFC")) in excess of 65% of the total combined voting power of all classes of stock of such CFC that are entitled to vote (within the meaning of Section 1.956-2(c)(2) of the Treasury Regulations.
Excluded Equity. Any Voting Stock in excess of 65% of the total outstanding Voting Stock of any direct Subsidiary of any Grantor that is a Non-U.S. Person
All Definitions