Vehicles Sample Clauses

Vehicles. Upon the request of the Collateral Agent, within 30 days after the date of such request and, with respect to any vehicle acquired by the Debtor subsequent to the date of any such request, within 30 days after the date of acquisition thereof, the Debtor shall file all applications for certificates of title or ownership indicating the Collateral Agent’s first priority security interest in the vehicle covered by such certificate and any other necessary documentation, in each office in each jurisdiction that the Collateral Agent shall deem advisable to perfect its security interests in the vehicles; provided, however, that the aggregate value of all vehicles excepted from the application of this Section 3.10 shall not exceed $1,000,000.
Vehicles. Each Program Vehicle was, on the date of purchase thereof or thereafter became, a Group III Vehicle that was eligible for inclusion under an Eligible Vehicle Disposition Program, and each Non-Program Vehicle was, on the date of purchase thereof or thereafter became, a Group III Vehicle that qualified as an Eligible Vehicle.
Vehicles. Upon the request of the Administrative Agent upon the occurrence and during the continuance of an Event of Default, all applications for certificates of title or ownership indicating the Administrative Agent’s first priority Lien on each Vehicle or other assets (subject to any Permitted Liens) covered by such certificate, and any other necessary documentation, shall be filed in each office in each jurisdiction which the Administrative Agent shall deem reasonably advisable to perfect its Liens on the Vehicles or assets subject to a certificate of title.
Vehicles. SECTION 1.01(a)(ix) OF THE DISCLOSURE SCHEDULE contains a true and complete list of all motor vehicles owned or leased by Seller or Parent and used or held for use in the conduct of the Business. Except as disclosed in SECTION 2.23 OF THE DISCLOSURE SCHEDULE, Seller has good and valid title to, or has valid leasehold interests in or valid rights under Contract to use, each Vehicle, free and clear of all Liens other than Permitted Liens.
Vehicles a) No Vehicle shall be removed from the state which has issued the certificate of title or ownership therefor for a period in excess of the period after which such vehicle would be required to be retitled under applicable state law. (b) With respect to any Vehicles acquired by such Grantor subsequent to the date hereof, within 30 days after the date of acquisition thereof, all applications for certificates of title or ownership indicating the Administrative Agent's first priority security interest in the Vehicle covered by such certificate, and any other necessary documentation, shall be filed in each office in each jurisdiction which the Administrative Agent shall deem advisable to perfect its security interests in the Vehicles.
Vehicles. Upon the request of the Secured Party at any time and from time to time, any and all applications for certificates of title or ownership indicating the Secured Party’s first priority Lien on the Vehicle covered by such certificate, and any other necessary documentation, shall be filed in each office in each jurisdiction which the Secured Party shall deem reasonably advisable to perfect its Liens on the Vehicles. Prior thereto, each certificate of title or ownership relating to each Vehicle shall be maintained by the applicable Grantor in accordance with Applicable Law to reflect the ownership interest of such Grantor.
Vehicles. Each Grantor will use reasonable efforts to maintain each Vehicle in good operating condition, ordinary wear and tear and immaterial impairments of value and damage by the elements excepted, and will provide all reasonable maintenance, service and repairs necessary for such purpose. Each Grantor will notify the Administrative Agent of each acquisition or sale of a Vehicle, promptly following the acquisition or sale thereof. If an Event of Default shall occur and be continuing, at the request of the Administrative Agent each Grantor shall, within five Business Days after such request, file applications for certificates of title indicating the Administrative Agent's first priority Lien for the ratable benefit of the Lenders and the Issuing Lender on the Vehicles covered by such certificates, together with any other necessary documentation, in each office in each jurisdiction which the Administrative Agent shall deem advisable to perfect its Liens on the Vehicles.