Auto Loan definition

Auto Loan means a fixed-rate, fully amortizing, closed-end installment loan (bearing interest calculable on a simple interest basis or based upon the Rule of 78s) arising from the sale of a new or used Vehicle to a consumer which includes, without limitation, (a) all security interests or liens and property subject thereto from time to time purporting to secure payment by the obligor thereunder, including, without limitation, Monaco's or the Originator's rights under the related Dealer Agreement, (b) all guarantees, indemnities and warranties, insurance policies, certificates of title and other agreements or arrangements of whatever character from time to time supporting or securing payment of such loan, (c) all collections and records with respect to the foregoing and (d) all proceeds of any of the foregoing.
Auto Loan means all automobile loans or leases presently and hereafter owned by Borrowers, set forth in a written report or in computer discs, from time to time, delivered to Lender, which computer discs shall be in the current format or any other format acceptable to Lender, together with each Auto Contract, chattel paper, instrument, document, general intangible, guarantee and all collateral security held with respect to such loans.

Examples of Auto Loan in a sentence

  • The Seller has not taken any action to convey any right to any Person that would result in such Person having a right to payments received under the related Insurance Policies or the related Dealer Agreements, Auto Loan Purchase and Sale Agreements, Dealer Assignments or Third-Party Lender Assignments or to payments due under such Receivables.

  • For the US Auto Loan Worksheet, see instructions for Worksheet 2.

  • AmeriCredit has not taken any action to convey any right to any Person that would result in such Person having a right to payments received under the related Insurance Policies or the related Dealer Agreements, Auto Loan Purchase and Sale Agreements, Dealer Assignments, or Third-Party Lender Assignments or to payments due under such Receivables.

  • For the International Auto Loan Worksheet, see the instructions for Worksheet1.

  • The Certificate, upon issuance, will be issued in the form of a typewritten Certificate, substantially in the form of Exhibit A hereto, representing a definitive Certificate and shall be registered in the name of “Volkswagen Public Auto Loan Securitization, LLC” as the initial registered owner thereof.


More Definitions of Auto Loan

Auto Loan set forth in the recitals hereto.
Auto Loan means a fixed-rate, closed-end consumer installment automobile loan which finances the purchase of a new or used automobile, light-duty truck or van, which loan is secured by a lien and security interest in such financed vehicle.
Auto Loan means a consumer Automobile loan, including installment sales contracts, arising from the sale of Automobiles.
Auto Loan means (a) each retail installment sale contract for a Financed Vehicle which, as of the Closing Date, is listed on Schedule A hereto (which Schedule A may be in the form of microfiche or an electronic file delivered to the Indenture Trustee and Collateral Agent) and all rights and obligations thereunder except for Auto Loans that shall have become Purchased Auto Loans and (b) each Substitute Auto Loan.
Auto Loan means, in respect of an Auto Loan Agreement, the loan granted by the Seller to the relevant Borrower under such Auto Loan Agreement.
Auto Loan means either (i) a promissory note and the related security agreement or (ii) a retail installment sale contract for a Financed Vehicle.
Auto Loan. ’ means a secured US dollar advance made by the Originator to an Obligor or Obligors by way of loan;