Finsub definition

Finsub means any bankruptcy-remote corporation or other Person that is a Wholly-Owned Subsidiary organized solely for the purposes of engaging in a Permitted Receivables Transaction.

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

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”.

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.
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.
Notwithstanding the forgoing, Finsub shall not be required to become a Guarantor.
Engage at any time in any business or business activity other than the business currently conducted by it and business activities reasonably incidental thereto, which, in the case of Finsub, shall be limited solely to performing its obligations under the Receivables Program Documentation and, in the case of FFBV, shall be limited solely to performing its obligations under the Subordinated Note Documents and the Loan Documents.
Engage at any time in any business or business activity other than the business currently conducted by the Company 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.

More Definitions of Finsub

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 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.

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 Stone Receivables Corporation, a Delaware corporation.

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