Excluded Foreign Entity

Example Definitions of "Excluded Foreign Entity"
Excluded Foreign Entity. Means, at any time, any corporation, partnership (general or limited), limited liability company or other business entity (x) that is organized under the laws of any country, state or province other than the United States, Canada, Bermuda or any state, province or territory thereof and (y) the book value of the consolidated gross assets of which do not exceed $1,000,000 at such time.
Excluded Foreign Entity. Means, at any time, Means any corporation, partnership (general or limited), limited liability company or other business entity (x) that is organized under the laws of any country, state or province other than the United States, Canada, Bermuda or any state, province or territory thereof and (y) the book value of the consolidated gross assets of which do not exceed $1,000,000 at such time. $1,000,000.
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