Common use of Conversion Documents Clause in Contracts

Conversion Documents. The term “Conversion Documents” shall mean the b▇▇▇ of sale, title application and power of attorney executed by the debtor of an Existing Receivable transferring the motor vehicle subject to an Existing Receivable to a Borrower and the lease for that motor vehicle executed by the debtor, forms of which have been provided to Lender.

Appears in 2 contracts

Sources: Loan and Security Agreement (Carbiz Inc), Loan and Security Agreement (Carbiz Inc)