Financing Subsidiaries definition

Financing Subsidiaries means the wholly-owned financing subsidiaries formed by Indiana Gas Company, Inc. and Vectren Energy Delivery of Ohio, Inc. solely for the purpose of holding the IGC Indebtedness.

Split View

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Get StartedBook a Demo

Financing Subsidiaries means (a) Grocers Capital Company, (b) United Resources, Inc., (c) any of their Subsidiaries, and (d) any Subsidiary created after the date of this Agreement that is engaged primarily in the business of making loans to customers of the Borrower.

Financing Subsidiaries means, individually and collectively, (a) FSC, (b) Charming Shoppes Receivables Corp. (formerly known as Fashion SPC, Inc.), (c) Charming Shoppes Seller, Inc., (d) Charming Shoppes Street, Inc., (e) Spirit of America, Inc., (f) Fashion Service Fulfillment Corp., (g) Catalog Seller LLC, (h) Catalog Receivables LLC, and (i) any other direct or indirect Subsidiary of any of them or Parent, whether now existing or organized after the date hereof, engaged in originating, financing, funding or servicing Securitization Program Assets, including without limitation, a Special Purpose Vehicle, provided, that, the term “Financing Subsidiary” shall not include any Obligor.

Examples of Financing Subsidiaries in a sentence

• The Borrower will not, nor will it permit any of its Subsidiaries (other than Financing Subsidiaries) to, acquire any business or property from, or capital stock of, or be a party to any acquisition of, any Person, except for purchases or acquisitions of Portfolio Investments and other assets in the normal course of the day-to-day business activities of the Borrower and its Subsidiaries and not in violation of the terms and conditions of this Agreement or any other Loan Document.

• The Borrower will, and will cause its Subsidiaries (other than Financing Subsidiaries that are exempt from the Investment Company Act) at all times to, subject to applicable grace periods set forth in the Code, comply with the portfolio diversification requirements set forth in the Code applicable to RICs, to the extent applicable.

• The Borrower will not, nor will it permit any of its Subsidiaries (other than Financing Subsidiaries or Immaterial Subsidiaries) to, enter into any transaction of merger or consolidation or amalgamation, or liquidate, wind up or dissolve itself (or suffer any liquidation or dissolution).

• The Borrower will not, nor will it permit any of its Subsidiaries (other than Financing Subsidiaries) to, enter into any transaction of merger or consolidation or amalgamation, or liquidate, wind up or dissolve itself (or suffer any liquidation or dissolution).

• The Borrower will cause proceeds of investments owned by Financing Subsidiaries to repay Indebtedness of such Financing Subsidiaries to the extent required by the terms thereof, and will cause any surplus proceeds, to the extent permitted by the terms thereof, to be distributed to the Borrower promptly.

• The Borrower will not, and will not permit any of its Subsidiaries (other than Financing Subsidiaries), to make any payment to any Person or make any expenditure for any Property, including Eligible Assets, except in accordance with Section 2.07.

• The Borrower will, and will cause its Subsidiaries (other than Financing Subsidiaries that are exempt from the provisions of the Code applicable to RIC’s), subject to applicable grace periods set forth in the Code, to comply with the portfolio diversification and similar requirements set forth in the Code applicable to RIC’s.

• The Borrower will not, nor will it permit any of its Subsidiaries (other than Financing Subsidiaries) to, enter into any derivative, swap or other similar transactions or agreements, except for Hedging Agreements to the extent permitted pursuant to Sections 6.01(e) and 6.04(c).

• Subject to the foregoing, the Members shall continue to bear an allocable share of Expenses and other obligations of the Company until all Investments in which the Company participates (including through any applicable Financing Subsidiaries) are repaid or otherwise disposed of in the normal course of the Company’s activities.

• The Borrower will not, nor will it permit any of its Subsidiaries (other than Financing Subsidiaries) to, enter into any derivative, swap or other similar transactions or agreements, except for repurchase agreements described in clause (d) of the definition of “Cash Equivalents” and for Hedging Agreements to the extent permitted pursuant to Sections 6.01(e) and 6.04(c).

More Definitions of Financing Subsidiaries

Financing Subsidiaries means, individually and collectively, Fashion Service Corp., Fashion SPC, Inc. and Spirit of America National Bank and any other Subsidiary of any of them engaged in financing receivables owed to any of them by customers of the Retail Store Subsidiaries who have purchased merchandise using the Fashion Bug Card.

Financing Subsidiaries means, individually and collectively, FSC, Originator, Charming Shoppes Receivables Corp. (formerly known as Fashion SPC, Inc.), Charming Shoppes Seller, Inc., Charming Shoppes Street, Inc., Spirit of America, Inc., Fashion Service Fulfillment Corp., Fashion Service Protection Corp., Spirit of America Promotions, Inc. and any other direct or indirect Subsidiary of any of them engaged in financing, funding or servicing Securitization Program Assets, including receivables owed to any of them by Persons using the Fashion Bug Card, Catherines Card, or the Co-Branded Card, provided, that, the term "Financing Subsidiary" shall not include any Borrower or Obligor.

Financing Subsidiaries means, individually and collectively, FSC, Originator, Charming Shoppes Receivables Corp. (formerly known as Fashion SPC, Inc.), Charming Shoppes Seller, Inc., Charming Shoppes Street, Inc., Spirit of America, Inc. and any other direct or indirect Subsidiary of any of them engaged in financing, funding or servicing Securitization Program Assets, including receivables owed to any of them by Persons using the Fashion Bug Card or the Co-Branded Card, provided, that, the term "Financing Subsidiary" shall not include any Borrower, Obligor or any Special Purpose Vehicle (including, without limitation, Charming Shoppes Master Trust).