Collateral Protection Program definition

Collateral Protection Program means that certain program in which Borrower may participate in lieu of providing third party insurance as required under this Note.
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Examples of Collateral Protection Program in a sentence

  • Upon Borrower’s enrollment in the Collateral Protection Program (whether voluntary or otherwise), Borrower shall be subject to, and at all times comply with and adhere to, the terms and conditions applicable to the Collateral Protection Program and Borrower’s enrollment and participation therein.

  • Alternatively, and unless the Unit of Lender Financed Inventory has been branded as “salvage” or is otherwise ineligible for the Collateral Protection Program, Borrower may satisfy the insurance coverages required under this Section 4(c) by voluntarily enrolling in Lender’s Collateral Protection Program and satisfying and adhering to all conditions and other terms thereof at all times during Borrower’s enrollment in the Collateral Protection Program.

  • Please see the NextGear Capital Collateral Protection Program rules and guidelines for a complete list of exclusions.

  • Please contact your NextGear Capital Collateral Protection Program representative for complete details, terms and conditions.

  • Yes, I would like to enroll in the NextGear Capital Collateral Protection Program! No, I decline and have provided NextGear Capital with my Certificate of Insurance.

  • Charges incurred under the Collateral Protection Program are calculated as of the Floorplan Date from the amount of each original Floorplan Advance related to a Unit of Lender Financed Inventory, through the life of the Floorplan Advance.

  • An environmental audit in the form and substance as required by the Commitment and, if required by Lender, Lender’s form of environmental assessment checklist verifying that no material environmental contamination on the Property has occurred or is imminent or participation in Lender’s Environmental Collateral Protection Program.

  • The Company hereby employs Executive as President of Transaction Services, and Executive hereby accepts such exclusive employment and agrees to render Executive’s exclusive services as an employee of the Company, all subject to and on the terms and conditions herein set forth.

  • Fees, charges and other terms and conditions for the Collateral Protection Program are published in the Finance Program Rate, Fee and Term Schedule or on the documents referenced therein.

Related to Collateral Protection Program

  • fall protection plan means a documented plan, which includes and provides for -

  • Paycheck Protection Program means loan program created by Section 1102 of the CARES Act.

  • National Flood Insurance Program means the program created by the U.S. Congress pursuant to the National Flood Insurance Act of 1968 and the Flood Disaster Protection Act of 1973, as revised by the National Flood Insurance Reform Act of 1994, that mandates the purchase of flood insurance to cover real property improvements located in Special Flood Hazard Areas in participating communities and provides protection to property owners through a Federal insurance program.

  • Environmental Protection Agency (EPA) means the United States Environmental Protection Agency.

  • Flood Protection System means those physical structural works for which funds have been authorized, appropriated, and expended and which have been constructed specifically to modify flooding in order to reduce the extent of the area within a community subject to a "special flood hazard" and the extent of the depths of associated flooding. Such a system typically includes hurricane tidal barriers, dams, reservoirs, levees or dikes. These specialized flood modifying works are those constructed in conformance with sound engineering standards.