DEALER LOANS means the advances of cash made by the Company or any of its Subsidiaries to a Dealer at the time an Installment Contract is approved, accepted by and assigned to the Company or any of its Subsidiaries under a Dealer Agreement described in clause (i) of the definition of Dealer Agreement, against anticipated future collections on Installment Contracts serviced for such Dealer, as outstanding from time to time.
DEALER LOANS means the advances of cash made by the Company or any of its Subsidiaries to a Dealer at the time an Installment Contract is approved, accepted by and assigned to the Company or any of its Subsidiaries under a Dealer Agreement described in clause (i) of the definition of Dealer Agreements, against anticipated future collections on Installment Contracts serviced for such Dealer, as outstanding from time to time.
Examples of DEALER LOANS in a sentence
HUD does not furnish this form, Figure 2, illustrates an acceptable form of borrower's authorization certificate.FIGURE 2BORROWER'S AUTHORIZATION CERTIFICATE (FOR DEALER LOANS ONLY) , 19 I/(We) hereby authorize and direct the to pay the proceeds of my/(our) note dated for $ to .
DEALER LOANS ------------ Dealer Loans to a borrower, or a related or affiliated party, will be limited to $500,000 secured by assigned collateral, except when combined with an Auction Advance the total liability may not exceed $1,000,000.
More Definitions of DEALER LOANS
DEALER LOANS. Loans in which a dealer-contractor participates in the financing.
DEALER LOANS has the meaning set forth in Section 2.1.5.8.
DEALER LOANS means the advances of cash made by an applicable Debtor to a Dealer at the time an Installment Contract is approved, accepted by and assigned to such Debtor under a Dealer Agreement described in clause (i) of the definition of Dealer Agreements, against anticipated future collections on Installment Contracts serviced for such Dealer, as outstanding from time to time.
DEALER LOANS means the advances of cash made by the Company or any of its Subsidiaries to a Dealer at the time an Installment Contract is approved, accepted by and assigned to the Company or any of its Subsidiaries under a Back-End Dealer Agreement, against anticipated future collections on Installment Contracts serviced for such Dealer, as outstanding from time to time; provided, however, except for purposes of Dealer Loans required to be included in a “static pool analysis” delivered under this Agreement, that any Dealer Loan transferred or encumbered pursuant to a Permitted Securitization shall, from and after the date of such transfer or encumbrance, cease to be considered a Dealer Loan under this Agreement unless and until such Dealer Loan, as the case may be, is reassigned to the Company or a Subsidiary of the Company or such encumbrances are discharged.
DEALER LOANS means the advances of cash made by the Company or any of its Subsidiaries to a Dealer at the time an Installment Contract is approved, accepted by and assigned to the Company or any of its Subsidiaries under a Dealer Agreement described in clause (i) of the definition of Dealer Agreements, against anticipated future collections on Installment Contracts serviced for such Dealer, as outstanding from time to time; provided, however, except for purposes of Dealer Loans required to be included in a “static pool analysis” delivered under this Agreement, that any Dealer Loan transferred or encumbered pursuant to a Permitted Securitization shall, from Detroit_3438916_18_ and after the date of such transfer or encumbrance, cease to be considered a Dealer Loan under this Agreement unless and until such Dealer Loan, as the case may be, is reassigned to the Company or a Subsidiary of the Company or such encumbrances are discharged.
DEALER LOANS. Dealer loans originated by Credit Acceptance and sold to any Seller pursuant to a Securitization Transaction.