Repossessions Clause Samples

Repossessions. If repossession of the collateral occurs, the following steps are taken:
View SourceView Similar (22)
Repossessions. The United States has determined that NMAC conducted 113 motor vehicle repossessions between January 1, 2008 and March 28, 2019 that violated the SCRA. The United States has previously provided the list of these repossessions to NMAC.
View SourceView Similar (2)
Repossessions. All rights of the Seller or its Affiliates in respect of Repossessions;
View SourceView Similar (2)
Repossessions. Registrations and Deregistrations.
View SourceView Similar (2)
Repossessions. A. Repossessions must be 18 months old or have 12 months of paid as agreed auto credit since the date of the most recent repossession, unless included in bankruptcy. B. No multiple repossessions.
View Source
Repossessions. GT Servicing shall implement procedures for the repossession of any collateral as is advisable and permitted under each Subject Contract, and shall take such other steps that in GT Servicing’s reasonable judgment will maximize the receipt of liquidation proceeds with respect to the Subject Contract secured by such repossessed collateral.
View Source
Repossessions. Within thirty (30) days after the end of each month, Borrowers shall furnish to Agent a summary report reflecting the aggregate principal amount of Finance Contracts in respect of which the related motor vehicle has been repossessed, excluding Finance Contracts which have been charged off.
View Source
Repossessions. (a) Receivables as to which the Financed Vehicle has been repossessed during the Collection Period set forth above Aggregate Receivable Balance of Receivables.................... $------------ Number of Receivables...........................................------------- (b) Receivables as to which the Financed Vehicle has been sold during the Collection Period set forth above Amount of Proceeds received from sale of Financed Vehicles......................... $------------ Number of Financed Vehicles sold................................ ------------ (c) Cumulative total of Receivables as to which the Financed Vehicle has been repossessed but not sold as of the last day of the Collection Period set forth above Aggregate Receivable Balance of Receivables.................... $------------ Number of Receivables........................................... ------------
View Source

Related to Repossessions

  • Repossession Notwithstanding the standard of care specified in Section 5.02, the Servicer shall commence procedures for the repossession of any Manufactured Home or the foreclosure upon any Mortgaged Property or take such other steps that in the Servicer's reasonable judgment will maximize the receipt of principal and interest or Net Liquidation Proceeds with respect to the Contract secured by such Manufactured Home or Mortgaged Property (which may include retitling or filing a recorded assignment of the Mortgage) subject to the requirements of the applicable state and federal law, no later than five Business Days after the time when such Contract becomes a Defaulted Contract; provided that if the Servicer has actual knowledge that a Mortgaged Property is affected by hazardous waste, then the Servicer shall not cause the Company to acquire title to such Mortgaged Property in a foreclosure or similar proceeding. For purposes of the proviso in the preceding sentence, the Servicer shall not be deemed to have actual knowledge that a Mortgaged Property is affected by hazardous waste unless it shall have received written notice that hazardous waste is present on such property and such written notice has been made a part of the Land-and-Home Contract File with respect to the related Contract. In connection with such foreclosure or other conversion, the Servicer shall follow such practices and procedures as it shall deem necessary or advisable and as shall be consistent with Section 5.

  • No Repossessions None of the Financed Equipment securing any Receivable is in repossession status.

  • No Repossession No Financed Vehicle has been repossessed without reinstatement as of the Cutoff Date.

  • Reletting With or without terminating this Lease, as Landlord may elect, Landlord may, by summary proceedings, re-enter and repossess the Premises, or any part thereof, and lease them to any other person upon such terms as Landlord shall deem reasonable, for a term within or beyond the term of this Lease; provided, that any such reletting prior to termination shall be for the account of Tenant, and Tenant shall remain liable for (i) all rent and other sums which would be payable under this Lease by Tenant in the absence of such expiration, termination or repossession, less (ii) the net proceeds, if any, of any reletting effected for the account of Tenant after deducting from such proceeds all of Landlord’s actual expenses, attorneys’ fees, employees’ expenses, reasonable alteration costs, expenses of preparation for such reletting and all other actual costs and expenses incurred as a result of Tenant’s breach of this Lease. Landlord shall use commercially reasonable efforts to relet the Premises. If the Premises are at the time of default sublet or leased by Tenant to others, Landlord may, as Tenant’s agent, collect rents due from any subtenant or other tenant and apply such rents to the rent and other amounts due hereunder without in any way affecting Tenant’s obligation to Landlord hereunder.

  • Possession of the Property The Parties hereby agree that the exclusive possession of the Property shall be delivered by the Seller to the Buyer on