Dealer Recourse definition

Dealer Recourse means, with respect to a Receivable, all recourse rights against the Dealer which originated the Receivable, and any successor to such Dealer.
Dealer Recourse means, with respect to any Lease Agreement or the related Leased Vehicle(s), all rights arising under the related Dealer Agreement or otherwise against the Dealer that originated such Lease Agreement.
Dealer Recourse has the meaning specified in the Sale and Servicing Agreement.

Examples of Dealer Recourse in a sentence

  • The Servicer shall follow such practices and procedures as it shall deem necessary or advisable and as shall be customary and usual in its servicing of automobile receivables (including light-duty trucks), which practices and procedures may include reasonable efforts to realize upon any Dealer Recourse, selling the related Financed Vehicle at public or private sale and other actions by the Servicer in order to realize upon such a Receivable.


More Definitions of Dealer Recourse

Dealer Recourse means, with respect to a Receivable, all recourse rights relating to misrepresentation or fraud against the Dealer that originated the Receivable and any successor Dealer.
Dealer Recourse means, with respect to a Receivable, all monies received in respect of recourse rights against the Dealer which originated the Receivable under the related Dealer Agreement and any successor to such Dealer.
Dealer Recourse means, with respect to a Contract, all of HomePride's rights arising under the related Dealer Agreement or otherwise against the Dealer which originated such Contract.
Dealer Recourse means, with respect to a Receivable (i) any amount paid by a Dealer or credited against a reserve established for, or held on behalf of, a Dealer in excess of that portion of finance charges rebated to the Obligor which is attributable to the Dealer's participation, if any, in the Receivable, and (ii) all recourse rights against the Dealer which originated the
Dealer Recourse means, with respect to a Manufactured Home --------------- Loan Contract, all of Seller's rights arising under the related Dealer Agreement or otherwise against the Dealer which originated such Manufactured Home Loan Contract.
Dealer Recourse means, with respect to any Dealer, any rights and remedies against such Dealer under the related Dealer Agreement (other than with respect to any breach of representation or warranty thereunder) with respect to credit losses on a Receivable secured by a Financed Vehicle sold by such Dealer. Appendix X, Page 8 SALE AND SERVICING AGREEMENT 66
Dealer Recourse means, with respect to any Lease, any recourse rights against the Dealer which originated the Lease and any successor Dealer.