Financial Services Subsidiary definition
Examples of Financial Services Subsidiary in a sentence
In addition, in transactions in which the Borrower purchases or participates in loans made by a Financial Services Subsidiary, the Borrower and such Financial Services Subsidiary will not use selection criteria for determining the particular loans that will be purchased or participated in by the Borrower that are adverse to the Borrower.
CNH Global shall not permit any Unrestricted Financial Services Subsidiary to consummate a transaction that would constitute an Asset Sale had it been consummated by a Restricted Subsidiary unless such Unrestricted Financial Services Subsidiary receives Fair Market Value for the assets, net of any liabilities assumed, sold or disposed of.
Each CT Financial Services Subsidiary is either a bank, a savings association or a corporation and is duly organized, validly existing, and (as to corporations) in good standing under the Laws of the jurisdiction in which it is organized and has the corporate power and authority necessary for it to own, lease and operate its Assets and to carry on its business as now conducted.
There are no Contracts relating to the rights of any CT Financial Services Company to vote or to dispose of any shares of the capital stock of any CT Financial Services Subsidiary.
All of the shares of capital stock of each CT Financial Services Subsidiary held by a CT Financial Services Company are fully paid and nonassessable under the applicable Law of the jurisdiction in which such Subsidiary is incorporated or organized and are owned by a CT Financial Services Company free and clear of any Lien except as disclosed by the CT Financial Services Disclosure Memorandum.