Financed Inventory definition

Financed Inventory means any inventory of the Dealer which is supplied or financed by the Supplier;

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Financed Inventory has the meaning set forth in Section 2(b).

Financed Inventory means each piece of inventory contained in the most recent schedule of inventory provided in conjunction with the most recent Credit Line Certificate.

Examples of Financed Inventory in a sentence

With respect to any Inventory Financing Sublimit Borrowing, such Inventory Financing Sublimit Borrowing shall be deemed to have been used to finance the Eligible Inventory specified in the applicable Borrowing Request (Financed Inventory) in accordance with clauses (i), (ii) and (iii) of the preceding sentence, regardless of the manner in which the proceeds of such Inventory Financing Sublimit Borrowing are actually applied.
With respect to Financed Inventory, Resellers will immediately pay CPC the principal Indebtedness on the earliest occurrence of any of the following events: (a) on the Payment Due Date, and (b) immediately when the Inventory is lost, stolen or damaged (collectively, the “Loss Date”).
All perfected purchase money security interests granted by the Dealer to the Supplier in the Financed Inventory will have priority over any security interest that ATB now or hereafter has in the Financed Inventory.
Borrower agrees not to remove or permit the removal of any Financed Inventory outside the continental United States or Canada or transfer, dispose of or illegally or improperly use said Financed Inventory.
Upon agreeing to finance an item of Financed Inventory, CPC will send Reseller Agent a TS, identifying such Financed Inventory and if not otherwise provided herein, the interest rate applicable to such Financed Inventory.

More Definitions of Financed Inventory

Financed Inventory means all inventory (as such term is defined by the Code) acquired or to be acquired by Dealer at any time or from time-to-time from Vendor in the ordinary course of Dealer's business with proceeds of Loans made by FINOVA to, or for the benefit of, Dealer, including, but not limited to Financed Inventory bearing Vendor's trademark, and all additions to and accession of such inventory, including software integrated or installed thereon by Vendor, Dealer or any third party and any of such Financed Inventory returned to or repossessed by Dealer, and all documents of title or other documents representing Financed Inventory.

Financed Inventory means Borrower's new and used Inventory, the purchase of which is financed in whole or in part with an Advance made pursuant to this Agreement, or which is owned by Borrower at the time of the Advance and is the subject of an Advance made pursuant to this Agreement.

Financed Inventory means all __________ Vehicle Inventory and/or Used Motor Vehicle Inventory held for sale, lease or rent or being possessed for sale, lease or rent in Borrower's business located at the above address or at any other address at which the Borrower shall do business selling ___________ Vehicle Inventory, as now or hereafter conducted, together with all increases, parts, fittings, radios, accessories and special tools now or hereafter affixed to any or any part thereof and all replacements of all or any part thereof.

Financed Inventory is defined in Section 2.1.1(a)(ii). Financed Inventory stops being Financed Inventory (but remains Collateral) when the Inventory Advance made for the Financed Inventory has been fully paid.

Financed Inventory is all Eligible Inventory which Bank finances and makes an Inventory Advance, as set forth in Section 2.1.2.

Financed Inventory means New Products and Used Products now or hereafter financed by BMO.

Financed Inventory means all New Motor Vehicles, Eligible Used Motor Vehicles, Eligible Demo Motor Vehicles, Eligible Fleet Motor Vehicles, Eligible Program Motor Vehicles, Eligible Loaner Motor Vehicles and any other vehicles acquired with proceeds of the Loan and held for sale, rent or lease, or being processed for sale, rent or lease in the Borrower's business, as now or hereafter conducted, together with all Parts and Accessories, increases, fittings, radios, and special tools now or hereafter affixed to any or any part thereof or used in connection with any thereof, and all replacements of all or any part thereof.