“Restricted Subsidiary” means any Subsidiary of the Borrower other than an Unrestricted Subsidiary; provided that, for so long as any Securitization Entity or the Warehouse Facility Entity is a Subsidiary, such Securitization Entity or the Warehouse Facility Entity, as the case may be, and each Subsidiary thereof, shall be a Restricted Subsidiary and may not be designated as an Unrestricted Subsidiary.

“Restricted Subsidiary” meansmeans, as to any Person, any direct or indirect Subsidiary of such Person other than any Unrestricted Subsidiary. Unless otherwise specified, “Restricted Subsidiary” shall mean any Restricted Subsidiary of the Borrower other than an Unrestricted Subsidiary; provided that, for so long as any Securitization Entity or the Warehouse Facility Entity is a Subsidiary, such Securitization Entity or the Warehouse Facility Entity, as the case may be, and each Subsidiary thereof, shall be a Restricted Subsidiary and may not be designated as an Unrestricted Subsidiary.Borrower.

“Restricted Subsidiary”Subsidiary” means any Subsidiary of the Borrower other thanthat is not an Unrestricted Subsidiary; provided that, for so long as any Securitization Entity orSubsidiary. For the Warehouse Facility Entity is a Subsidiary, such Securitization Entity or the Warehouse Facility Entity, as the case may be, andavoidance of doubt, each Subsidiary thereof,Guarantor shall be a Restricted Subsidiary and may not be designated as an Unrestricted Subsidiary.

“Restricted Subsidiary” meansSubsidiary” shall mean, at any time, any direct or indirect Subsidiary of the Borrower other thanHoldings that is not then an Unrestricted Subsidiary; provided that, for so long as any Securitization Entity or the Warehouse Facility Entity is athat upon an Unrestricted Subsidiary ceasing to be an Unrestricted Subsidiary, such Securitization Entity orSubsidiary shall be included in the Warehouse Facility Entity, as the case may be, and each Subsidiary thereof,definition of “Restricted Subsidiary.” The Borrower shall at all times be a Restricted Subsidiary and may not be designated as an Unrestricted Subsidiary.

“Restricted Subsidiary” means anya Subsidiary of the Borrower other than​ that is not an Unrestricted Subsidiary; provided that, for so long as any Securitization Entity orthat each Subsidiary of the Warehouse Facility Entity​ that is a Subsidiary, such Securitization Entity or the Warehouse Facility Entity, as the case may be, and each Subsidiary thereof,Guarantor shall beconstitute a Restricted Subsidiary and may not be designated as an Unrestricted Subsidiary.at all times.

“Restricted Subsidiary” means any Subsidiary of the Borrower other thanthat is not an Unrestricted Subsidiary; provided that, for so long as any Securitization Entity or the Warehouse Facility Entity is a Subsidiary, such Securitization Entity or the Warehouse Facility Entity, as the case may be, and each Subsidiary thereof, shall be a Restricted Subsidiary and may not be designated as an Unrestricted Subsidiary.

“Restricted Subsidiary” means any Subsidiary of the Borrower other than an Unrestricted Subsidiary; provided that, for so long as any Securitization Entity or the Warehouse Facility Entity is a Subsidiary, such Securitization Entity or the Warehouse Facility Entity, as the case may be, and each Subsidiary thereof, shall be a Restricted Subsidiary and may not be designated as an Unrestricted Subsidiary.

“Restricted Subsidiary” means any Subsidiary of Holdings, or the BorrowerBorrowers other than an Unrestricted Subsidiary; provided that, for so long as any Securitization Entity or the Warehouse Facility Entity is a Subsidiary, such Securitization Entity or the Warehouse Facility Entity, as the case may be, and each Subsidiary thereof, shall be a Restricted Subsidiary and may not be designated as an Unrestricted Subsidiary.

“Restricted Subsidiary” means any Subsidiary of the Borrowera Person other than an Unrestricted Subsidiary; provided that, for so long as any Securitization Entity orSubsidiary of such Person. Unless otherwise indicated in this Agreement, all references to Restricted Subsidiaries will mean Restricted Subsidiaries of the Warehouse Facility Entity is a Subsidiary, such Securitization Entity or the Warehouse Facility Entity, as the case may be, and each Subsidiary thereof, shall be a Restricted Subsidiary and may not be designated as an Unrestricted Subsidiary.Borrowers.

“Restricted Subsidiary” means any Subsidiary of thea Borrower other than an Unrestricted Subsidiary; provided that, for so long as any Securitization Entity or the Warehouse Facility Entity is a Subsidiary, such Securitization Entity or the Warehouse Facility Entity, as the case may be, and each Subsidiary thereof, shall be a Restricted Subsidiary and maythat has not bebeen designated as an Unrestricted Subsidiary.Subsidiary in accordance with the definition thereof.