2016-B Vehicle definition

2016-B Vehicle has the meaning set forth in Section 8.01 to the 2016-B Servicing Supplement.
2016-B Vehicle means the new Mercedes-Benz passenger cars, sport utility vehicles and crossovers and smart automobiles allocated to the 2016-B Reference Pool.

Examples of 2016-B Vehicle in a sentence

  • Neither the 2016-B Lease nor the 2016-B Vehicle has been sold, transferred, assigned, pledged or granted by any Dealer to any Person other than the Titling Trust.

  • The 2016-B Lease and the related 2016-B Vehicle allocated to the 2016-B Reference Pool has not been allocated to any Reference Pool other than the 2016-B Reference Pool.

  • The Titling Trust has good and marketable title to such 2016-B Lease and 2016-B Vehicle, free and clear of any Liens (other than Permitted Liens), participations and rights of others, including, to the knowledge of the Servicer, Liens (other than Permitted Liens) or claims for work, labor or material relating to such 2016-B Vehicle.

  • The related 2016-B Vehicle has a model year between 2012 and 2017, inclusive.

  • The obligations of the Seller under this Agreement will not be affected by reason of any invalidity, illegality or irregularity of the 2016-B Exchange Note or any 2016-B Lease or 2016-B Vehicle allocated to the 2016-B Reference Pool.

  • The 2016-B Lease is payable solely in Dollars in the United States and is a closed-end lease that provides for equal monthly payments by the Lessee, which scheduled payments, if made when due, fully amortize to an amount equal to the Booked Residual Value of the related 2016-B Vehicle based upon the related Contract Rate.

  • The related 2016-B Vehicle is a Mercedes-Benz passenger car or sport utility vehicle that was new at the time of the origination of the related 2016-B Lease.

  • As of the time of origination of the 2016-B Lease, the related lease agreement required the related Lessee to obtain physical damage insurance covering the related 2016-B Vehicle.

  • Upon the deposit of the Repurchase Payment for any 2016-B Lease and 2016-B Vehicle pursuant to Section 3.05(a), such 2016-B Lease and 2016-B Vehicle will be reallocated to the Revolving Facility Pool at the direction of the Servicer and will no longer be included in the 2016-B Reference Pool.

  • The 2016-B Vehicle was titled in a State, or the Servicer has started procedures that will result in the 2016-B Vehicle being titled, in accordance with the Titling Trust Agreement and in a manner acceptable to the related Registrar of Titles, and the Collateral Agent is or will be noted as lienholder of the 2016-B Vehicle (other than in Kansas, Missouri, Nebraska or South Dakota) and such lien is a perfected first priority security interest.

Related to 2016-B Vehicle

  • Junk vehicle means a vehicle of any age that is damaged or defective in any one or combination of any of the following ways that either makes the vehicle immediately inoperable, or would prohibit the vehicle from being operated in a reasonably safe manner upon the public streets and highways under its own power if self-propelled, or while being towed or pushed, if not self-propelled:

  • Tank vehicle means a commercial motor vehicle that is designed to transport any liquid or gaseous materials within a tank or tanks having an individual rated capacity of more than one hundred nineteen gallons and an aggregate rated capacity of one thousand gallons or more that is either permanently or temporarily attached to the vehicle or chassis. A commercial motor vehicle transporting an empty storage container tank not designed for transportation with a rated capacity of one thousand gallons or more that is temporarily attached to a flatbed trailer is not considered a tank vehicle.

  • Light vehicle means a motor vehicle commonly referred to as an automobile, van, sport utility

  • Fleet Vehicle means one of a large group of New Vehicles sold to a Person (e.g., a rental car agency) which purchases in excess of ten (10) Vehicles per purchase contract for commercial use.

  • goods vehicle means a motor vehicle constructed or adapted for use for the carriage of goods or burden of any description or a trailer so constructed or adapted;

  • Subject Vehicle means the vehicle being tested.

  • Transit vehicle means a bus, rapid transit vehicle, railroad car, street railway car, water vehicle, taxicab, or other type of public transportation vehicle or individual unit, whether operated singly or in a group that provides public transportation.

  • Off-vehicle charging hybrid electric vehicle (OVC-HEV) means a hybrid electric vehicle that can be charged from an external source.

  • the vehicle means the vehicle named in the licence.

  • School vehicle means any school bus, school van, other school vehicle and private vehicle used to transport students or staff members to and from school or any school-sponsored activity or event.

  • Off-Road Vehicle means any vehicle while it is being operated on a road not maintained by a federal, provincial, state, or local agency, not including entrance or departure ways to private property, or any vehicle which cannot be licensed to drive on a public road and is designed and manufactured primarily for off-road usage.

  • Matured Vehicle as of any date means any Leased Vehicle the related Lease of which has reached its Maturity Date or has been terminated in connection with a Lessee Initiated Early Termination (and the Lessee is not in default under such Lease) or in connection with a Casualty Termination, which Leased Vehicle has been returned to the Servicer on behalf of the Titling Trust, if applicable.

  • Not off-vehicle charging hybrid electric vehicle (NOVC-HEV) means a hybrid electric vehicle that cannot be charged from an external source.

  • Bi-fuel vehicle means a vehicle with two separate fuel storage systems that can run part-time on two different fuels and is designed to run on only one fuel at a time;

  • Heavy Vehicle has the meaning given to it in the HNVL.

  • Covered Vehicle means a private passenger vehicle (including mini-vans, pickup trucks and sport utility vehicles) which is registered or rented to You during Your Trip, which is rated ¾ ton in weight or less, not used for racing, dealer services, dealer loaners, taxi, limousine, shuttle, delivery, hauling, towing, road repair service, construction service, snow removal, or as a public livery vehicle, or any other commercial use.

  • Hybrid vehicle (HV) means a vehicle equipped with a powertrain containing at least two different categories of propulsion energy converters and at least two different categories of propulsion energy storage systems.

  • Shared vehicle means a vehicle that is available for

  • Recreational vehicle means a vehicle which is:

  • Rental Vehicle means any single automobile owned and operated by a car rental company or agency that is hired under a short term contract UNLESS it is:

  • Eligible Vehicle means a Vehicle (which includes, for the avoidance of doubt, a Service Vehicle) in Spain, Germany, The Netherlands, Italy or France (as applicable):

  • Transfer Vehicle means any vehicle that operates in space and transfers Payloads or persons or both between two different space objects, between two different locations on the same space object, or between a space object and the surface of a celestial body. A Transfer Vehicle also includes a vehicle that departs from and returns to the same location on a space object.

  • Motorized Vehicle means a passenger car, station wagon, van, jeep-type automobile, truck, ambulance or any type of motorized vehicle used by municipal, provincial or federal police forces.

  • Public Vehicle means a Person whose securities are listed and traded on a national securities exchange and shall include a majority owned subsidiary of any such Person or any operating partnership through which such Person conducts all or substantially all of its business.

  • Securitization Vehicle shall have the meaning assigned to such term in the definition of “Qualified Institutional Lender.”

  • passenger vehicle means a motor vehicle (other than a motor cycle or invalid carriage) constructed solely for the carriage of passengers and their effects and adapted to carry not more than twelve passengers exclusive of the driver, and not drawing a trailer;