Captive Finance Subsidiary definition
Captive Finance Subsidiary means a wholly-owned Subsidiary of the Company that (a) functions primarily to provide financing to customers purchasing products or equipment from the Company and its Subsidiaries and activities reasonably related thereto (including without limitation the financing of ancillary equipment not manufactured by the Company that is purchased by the customer in conjunction with the Company’s equipment), (b) has no Indebtedness other than Indebtedness that is non-recourse to the Company or any of its Subsidiaries (other than the Captive Finance Subsidiary and its subsidiaries) or any of their respective assets and (c) does not Guarantee any Indebtedness of the Company or any of its Subsidiaries (other than Indebtedness of Captive Finance Subsidiaries and their subsidiaries).
Captive Finance Subsidiary means Oshkosh Equipment Finance, L.L.C., a wholly owned subsidiary of Oshkosh/McNeilus Financial Services, Inc., formed to originate, sell and/or hold leases of products manufactured or sold by the Company and its Subsidiaries to unrelated third parties.