Finsub definition

Finsub means any bankruptcy-remote, wholly owned subsidiary of the Borrower, organized and existing solely for the purpose of engaging in the Receivables Program.

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Finsub means each special purpose bankruptcy remote Person that is a wholly‑owned (directly or indirectly) Subsidiary of the OpCo organized solely for the purpose of engaging in a Securitization Financing authorized by a Securitization Statute and a Securitization Financing Order and activities related thereto, and each is a “Finsub”.

Finsub means each special purpose bankruptcy-remote Person that is a wholly-owned (directly or indirectly) Subsidiary organized solely for the purpose of engaging in a Securitization Financing authorized by a Securitization Statute and a Securitization Financing Order and activities related thereto.

Examples of Finsub in a sentence

• Engage at any time in any business or business activity other than the business currently conducted by the Borrower and the Subsidiaries and business activities reasonably incidental thereto, including any activities permitted hereunder, which, in the case of Finsub, shall be limited solely to performing its obligations under the Receivables Program Documentation.

• Notwithstanding the forgoing, Finsub shall not be required to become a Guarantor.

• Terex will cause any subsequently acquired or organized Domestic Restricted Subsidiary (other than an Inactive Subsidiary or Finsub) to execute a Subsidiary Guarantee Agreement, Indemnity Subrogation and Contribution Agreement and each applicable Security Document in favor of the Collateral Agent.

• The Borrower will cause any subsequently acquired or organized Domestic Subsidiary (other than Finsub) to execute a Guarantee Agreement, Indemnity Subrogation and Contribution Agreement and each applicable Security Document in favor of the Collateral Agent.

• The Company will cause any subsequently acquired or organized Domestic Subsidiary (other than Finsub) to execute a First Amended and Restated Guarantee Agreement, First Amended and Restated Indemnity Subrogation and Contribution Agreement and each applicable First Amended and Restated Security Document in favor of the Collateral Agent.

More Definitions of Finsub

Finsub means a bankruptcy-remote entity that is a wholly-owned Subsidiary of the Utility organized solely for the purpose of engaging in the Storm Recovery Program and activities related thereto.

Finsub means a bankruptcy-remote corporation that is a wholly owned Restricted Subsidiary of Terex organized solely for the purpose of engaging in the Receivables Program.

Finsub means a corporation organized under the laws of a state of the United States of America which is a special purpose wholly-owned subsidiary of El Paso formed solely for the purpose of engaging in the Receivables Program.

Finsub means one or more bankruptcy-remote legal entities that are wholly owned Unrestricted Subsidiaries of Terex organized solely for the purpose of engaging in a Receivables Program.

Finsub means Stone Receivables Corporation, a Delaware corporation.

Finsub means ▇▇▇▇▇▇▇▇▇▇ Financial Corporation, a Delaware corporation and a Wholly Owned Subsidiary of the Company.

Finsub means a corporation organized under the laws of a state of the United States of America which is a special purpose Wholly Owned Subsidiary of the Company formed solely for the purpose of engaging in the Permitted Receivables Financing Program.