Financed Vehicle a. Review the “Year”, “Make” and “Model” sections of the Retail Sale Contract and confirm that the Financed Vehicle constitutes a used automobile, light-duty truck, minivan or sport utility vehicle.
Financed Vehicle. A. Review the Contract and confirm that the Financed Vehicle is a new or used automobile or light-duty truck.
Financed Vehicle. Section 1.1
Financed Vehicle. If the Servicer commences a legal proceeding to enforce a Receivable, the Issuer will thereupon be deemed to have automatically assigned such Receivable to the Servicer solely for purposes of commencing or participating in any such proceeding as a party or claimant, and the Servicer is authorized and empowered by the Issuer to execute and deliver in the Servicer’s name any notices, demands, claims, complaints, responses, affidavits or other documents or instruments in connection with any such proceeding. If in any enforcement suit or legal proceeding it is held that the Servicer may not enforce a Receivable on the ground that it is not a real party in interest or a holder entitled to enforce the Receivable, the Issuer will, at the Servicer’s expense and direction, take steps to enforce the Receivable, including bringing suit in its name or the name of the Indenture Trustee. The Issuer will furnish the Servicer with any powers of attorney and other documents reasonably necessary or appropriate to enable the Servicer to carry out its servicing and administrative duties hereunder. The Servicer, at its expense, will obtain on behalf of the Issuer all licenses, if any, required by the laws of any jurisdiction to be held by the Issuer in connection with ownership of the Receivables, and will make all filings and pay all fees as may be required in connection therewith during the term hereof.
Financed Vehicle. The Servicer hereby agrees to act as custodian of the Receivable Files, as agent for the Trustee, hereunder. The Servicer acknowledges that it holds the documents and instruments relating to the Receivables for the benefit of the Trustee and the Certificateholders. The Trustee shall have no responsibility to monitor the Servicer's performance as custodian and shall have no liability in connection with the Servicer's performance of such duties hereunder.
Financed Vehicle. The term “Financed Vehicle” shall have the meaning given to that term in the Sale and Servicing Agreement.
Financed Vehicle. In respect of a Receivable an automobile, a light-duty truck or van or a minivan, together with all accessions thereto, securing an Obligor’s indebtedness under the respective Receivable.
Financed Vehicle. With respect to a Contract, any new or used automobile, light-duty truck, minivan or sport utility vehicle, together with all accessories thereto, securing the related Obligor’s indebtedness thereunder.
Financed Vehicle. The Servicer is authorized to follow such practices, policies and procedures as it follows with respect to comparable automotive receivables that it services for itself or others, which practices, policies and procedures may include reasonable efforts to realize upon any recourse to Dealers, selling the related Financed Vehicle at public or private sale and other actions by the Servicer in order to realize upon such a Receivable. The foregoing is subject to the provision that, in any case in which the Financed Vehicle shall have suffered damage, the Servicer shall not expend funds in connection with any repair or towards the repossession of such Financed Vehicle unless it shall determine in its discretion that such repair and/or repossession shall increase the proceeds of liquidation of the related Receivable by an amount greater than the amount of such expenses. The Servicer shall be entitled to receive Liquidation Expenses with respect to each Liquidating Receivable at such time as the Receivable becomes a Liquidating Receivable (or as may otherwise be provided in the Further Transfer and Servicing Agreements).
Financed Vehicle. Any Automobile and related personal property, together with all repairs, warranties, service contracts, and accessions thereto which secure an Obligor's indebtedness and other obligations under a Receivable.
