Financed Vehicle definition

Financed Vehicle means an automobile, light-duty truck or van, together with all accessions thereto, securing an Obligor’s indebtedness under the applicable Receivable.

Financed Vehicle. A new or used car or light truck, together with all accessories thereto, securing an Obligor’s indebtedness under a Receivable.

Financed Vehicle means new and used automobiles, light duty trucks, minivans and sport utility vehicles, together with all accessions thereto, securing an Obligor’s indebtedness under the respective Receivable.

Examples of Financed Vehicle in a sentence

• No Financed Vehicle is insured under a policy of Force-Placed Insurance on the Cutoff Date.

• The Servicer is authorized to follow such customary practices and procedures as it shall deem necessary or advisable, consistent with the standard of care required by Section 4.1, which practices and procedures may include reasonable efforts to realize upon any recourse to Dealers and Direct Lenders, the sale of the related Financed Vehicle at public or private sale, the submission of claims under an Insurance Policy and other actions by the Servicer in order to realize upon such a Receivable.

• All amounts received upon liquidation of a Financed Vehicle shall be remitted directly by the Servicer to the Lockbox Account as soon as practicable, but in no event later than the Business Day after receipt thereof.

• The Indenture Trustee hereby authorizes the Servicer, and the Servicer agrees, to take any and all steps necessary to re-perfect such security interest on behalf of the Holding Trust as necessary because of the relocation of a Financed Vehicle or for any other reason; provided, that the Indenture Trustee shall have no obligation to monitor the security interest granted by the Obligors under the respective Receivables.

• At the time of an origination of a Receivable by a Dealer or Direct Lender, each Financed Vehicle is required to be covered by a comprehensive and collision insurance policy insuring against loss and damage due to fire, theft, transportation, collision and other risks generally covered by comprehensive and collision coverage.

More Definitions of Financed Vehicle

Financed Vehicle means a new or used motor vehicle, together with all accessions thereto, securing an Obligor’s indebtedness under a Receivable.

Financed Vehicle means a new or used automobile or light-duty truck, together with all accessions thereto, securing an Obligor's indebtedness under the respective motor vehicle installment loan contract.

Financed Vehicle means, with respect to any retail installment sale or conditional sale contract, the related new or used Honda or Acura automobile, together with all accessions thereto, securing the related Obligor’s indebtedness under such retail installment sale or conditional sale contract.

Financed Vehicle means, with respect to a Receivable, the related cars, crossover utility vehicles, light-duty trucks or sport utility vehicles, as the case may be, together with all accessions thereto, securing the related Obligor’s indebtedness under such Receivable.

Financed Vehicle has the meaning specified in the Sale and Servicing Agreement.

Financed Vehicle means a new or used automobile, light truck, van or minivan, together with all accessions thereto, securing an Obligor’s indebtedness under a Receivable.

Financed Vehicle means, as to any Contract, an automobile, light-duty truck or van, together with all accessions thereto, securing the related Obligor's indebtedness under such Contract.