CVTI definition

CVTI means CVTI Receivables Corp., a Nevada corporation.

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CVTI or the "Purchaser"), as Purchaser.

CVTI. As defined in the Preamble.

Examples of CVTI in a sentence

• From and after the Closing Date, Parent shall cause CVTI Receivables to not own any Property other than the Accounts pledged to SunTrust Capital Markets, Inc.

• As promptly as practicable, but in any event no later than thirty (30) days following the Closing Date, Borrowers shall complete the merger into Parent of CVTI Receivables.

• Reference is hereby made to the Receivables Purchase Agreement for a statement of certain other rights and obligations of CVTI and each Originator.

• No amendment, modification or waiver of, or consent with respect to, any provision of this Note shall in any event be effective unless (a) the same shall be in writing and signed and delivered by CVTI and [Originator], and (b) all consents required for such actions under the Transaction Documents shall have been received by the appropriate Persons.

• CVTI also shall pay accrued interest on the principal amount of each prepayment hereof on the date of each such prepayment.

• Pledge Agreement: the pledge agreement pursuant to which the Obligors pledge and assign to Agent, for the benefit of Secured Parties, each such Obligor's current and future owned Equity Interests (other than Equity Interests in VIL, Transplace, and CVTI Receivables) as security for the Obligations.

• Notwithstanding anything in this Note to the contrary, CVTI shall never be required to pay unearned interest on any amount outstanding hereunder, and shall never be required to pay interest on the principal amount outstanding hereunder, at a rate in excess of the maximum interest rate that may be contracted for, charged or received without violating applicable federal or state law.

• None of the Obligors has a Subsidiary (other than VIL, CVTI Receivables or Transplace) that is not either a Borrower or a Guarantor.

• Subject to the Subordination Provisions, CVTI shall pay accrued interest on this Note on each Distribution Date and on the Final Maturity Date (or, if any such day is not a Business Day, the next succeeding Business Day).

• This Amendment shall be effective as of the date (the “Effective Date”) on which each of the parties hereto delivers to the Administrator a fully executed original of this Amendment, the Administrator shall have received from CVTI a fully executed original of the Second Amended and Restated Lender Note, dated the date hereof, and of the Second Amended and Restated Fee Letter, dated as of the date hereof.

More Definitions of CVTI

CVTI or the "Borrower"), COVENANT TRANSPORT, INC., a Nevada corporation ("Covenant Nevada"), as initial master servicer hereunder (in such capacity the "Master Servicer"), THREE PILLARS FUNDING CORPORATION ("TPFC"), a Delaware corporation (together with its successors and permitted assigns, "Lender"), and SUNTRUST EQUITABLE SECURITIES CORPORATION, a Tennessee corporation, as agent and administrator for Lender (in such capacity, together with its successor and assigns in such capacity, the "Administrator.")