Dealer Notes definition

Dealer Notes means, collectively, the Conn-Selmer Dealer Notes and the Steinway Dealer Notes.

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Dealer Notes shall refer to those Dealer Notes which are held by the Master Trust.

Dealer Notes has the meaning assigned in the Pooling and Servicing Agreement.

Examples of Dealer Notes in a sentence

The aggregate amount of Dealer Notes issued to finance OEM Vehicles, as of the end of the Due Period.
The aggregate amount of Dealer Notes issued to finance OEM Vehicles, as of the end of the Due Period .
Unless otherwise instructed by an Issuer Agent or Dealer, Notes delivered under this Agreement shall be made against payment as more fully set forth in Section 4 below.
All amounts so allocated to Dealer Notes owned by the Issuing Entity or paid to the Issuing Entity for the removed Dealer Notes shall constitute Principal Collections and shall reduce the Removal Balance.
The Servicer shall not be under any obligation to appear in, prosecute or defend any legal action which is not incidental to its duties to service the Dealer Notes in accordance with this Agreement which in its reasonable opinion may involve it in any expense or liability.
All amounts so allocated to Dealer Notes owned by the Master Trust or paid to the Master Trust for the removed Dealer Notes shall constitute Principal Collections and shall reduce the Removal Balance.
The terminated Servicer shall promptly make available its electronic records relating to the Dealer Notes to the Successor Servicer in such electronic forms as the Successor Servicer may reasonably request and shall promptly make available to the Successor Servicer all other records, correspondence and documents necessary for the continued servicing of the Dealer Notes in the manner and at such times as the Successor Servicer shall reasonably request.
The Transferor will take all action reasonably necessary to maintain (i) the first priority perfected ownership or security interest in the Dealer Notes and the collateral granted pursuant to Sections 2.01 and 2.02 of the Applicable Pooling and Servicing Agreement and (ii) the Indenture Trustee’s first priority perfected ownership or security interest in the Collateral.
The primary assets of the Master Trust consist of a revolving pool of Dealer Notes arising under floor plan financing agreements between Navistar Financial Corporation and retail dealers to finance their inventories of new and used trucks, truck bodies, buses and trailers.
If any of the representations and warranties contained in subsections (a), (c) or (d) of this Section is at any time untrue or incorrect in any material respect as to any Dealer Note(s), Borrower shall within three (3) Business Days after the request of the Lender either (i) deliver to Lender additional, or other, Eligible Collateral, or (ii) pay to the Lender in immediately available funds the Collateral Value of such Dealer Notes designated by the Lender.

More Definitions of Dealer Notes

Dealer Notes shall refer to those Dealer Notes which are held by the Master Trust. Clause (v) of the definition of "Eligible Dealer Note" in SECTION 1.01 of the Agreement is hereby deleted in its entirety and replaced with the following:

Dealer Notes notes made by Conn-Selmer dealers in favor of Conn-Selmer.

Dealer Notes means all promissory notes held by the Borrower representing loans or advances to its dealers which are made in accordance with the past business practices of the Borrower, made in accordance with its standard credit procedures and made for the purpose of financing (i) dealer inventories in connection with the opening or expanding of a new Store, (ii) the purchase by the dealer of a Store, (iii) dealer capital improvement and leasehold improvements, or (iv) the conversion (on a secured basis) of accounts receivable and services sold to dealers from open accounts receivable.

Dealer Notes the collective reference to the Conn-Selmer Dealer Notes and the Steinway Dealer Notes. Debt: of any Person at any date, without duplication, (a) all indebtedness of such Person for borrowed money (whether by loan or the issuance and sale of debt securities) or for the deferred purchase price of property or services (other than current trade liabilities incurred in the ordinary course of business and payable in accordance with customary practices), (b) any other indebtedness of such Person which is evidenced by a note, bond, debenture or similar instrument, (c) all obligations of such Person under Capital Leases, (d) all obligations of such Person in respect of letters of credit, acceptances or similar instruments issued or created for the account of such Person, (e) all liabilities secured by any Lien on any property owned by such Person even though such Person has not assumed or otherwise become liable for the payment thereof, and (f) all Contingent Obligations. Default: an event or condition that, with the lapse of time or giving of notice, would constitute an Event of Default.