Finco Subsidiary definition
Finco Subsidiary means any wholly owned Subsidiary of the Parent or of the Borrower that (a) is formed exclusively for the purpose of co-issuing Debt with the Parent or the Borrower and (b) does not own any assets other than assets relating to its existence and rights in respect of Debt co-issued by such Subsidiary.
Examples of Finco Subsidiary in a sentence
Each Finco Subsidiary is in compliance with all requirements set forth in definition of “▇▇▇▇▇ Subsidiary”.