Core Vehicles definition

Core Vehicles means Vehicles for which each of the following exists:
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Core Vehicles means Vehicles for which each of the following exists: (a) a Wholesale Value; and (b) a certificate of title (or the relevant applications therefor, duly completed and executed by Borrower), in the possession of Agent, properly reflecting Agent's first priority Lien on behalf of the Lender Group, each of the foregoing of which shall be reasonably satisfactory to Agent.
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Core Vehicles means Vehicles for which each of the following exists: (a) a Wholesale Value; and (b) a certificate of title (or the relevant applications therefor, duly completed and executed by Borrower or the appropriate Restricted Subsidiary, as the case may be), in the possession of Agent, properly reflecting Agent's first priority Lien on behalf of the Lender Group, each of the foregoing of which shall be reasonably satisfactory to Agent; provided, however, that Agent may, in its discretion, decline to include as a Core Vehicle any Vehicle owned by a Restricted Subsidiary that was not a Core Vehicle as of the Closing Date.
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Related to Core Vehicles

  • complete vehicle means any vehicle which need not be completed in order to meet the relevant technical requirements of this Directive;

  • 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.

  • Police vehicle means a vehicle being used for police purposes or operating under the instructions of a Chief Officer of Police for Nottinghamshire Police Authority.

  • Off-highway vehicle means the same as that term is defined in Section 41-22-2.

  • Salvage vehicle means any vehicle which is within the last ten (10) model years and which has been damaged by collision or other occurrence to the extent that the cost of repairing the vehicle for safe operation on the highway exceeds sixty percent (60%) of its fair market value, as defined by Section 1111 of this title, immediately prior to the damage. For purposes of this section, actual repair costs shall only include labor and parts for actual damage to the suspension, motor, transmission, frame or unibody and designated structural components;