{"component": "definition", "props": {"groups": [{"snippet": "means any inventory of the Dealer which is supplied or financed by the Supplier;", "samples": [{"hash": "UIBYAq4VUf", "uri": "/contracts/UIBYAq4VUf#financed-inventory", "label": "Priority Agreement Inventory", "score": 28.8033783339, "published": true}, {"hash": "51s6K75pc39", "uri": "/contracts/51s6K75pc39#financed-inventory", "label": "Priority Agreement", "score": 25.0438056126, "published": true}, {"hash": "dfLV3VDyAAE", "uri": "/contracts/dfLV3VDyAAE#financed-inventory", "label": "Priority Agreement", "score": 23.3737166324, "published": true}], "snippet_links": [{"key": "the-dealer", "type": "clause", "offset": [23, 33]}, {"key": "the-supplier", "type": "definition", "offset": [67, 79]}], "size": 3, "hash": "fad655be994ee28a9dec16374efcce03", "id": 1}, {"snippet": "has the meaning set forth in Section 2(b).", "samples": [{"hash": "lHlJgGzfwnq", "uri": "/contracts/lHlJgGzfwnq#financed-inventory", "label": "Credit Agreement", "score": 31.340862423, "published": true}, {"hash": "6U1IV4DF9VL", "uri": "/contracts/6U1IV4DF9VL#financed-inventory", "label": "Credit Agreement (Presidio, Inc.)", "score": 27.8911704312, "published": true}], "snippet_links": [], "size": 3, "hash": "c5e944ecc1d1d4f2eb49c88a4e9a2a3b", "id": 2}, {"snippet": "means each piece of inventory contained in the most recent schedule of inventory provided in conjunction with the most recent Credit Line Certificate.", "samples": [{"hash": "gwxqd4lRxkq", "uri": "/contracts/gwxqd4lRxkq#financed-inventory", "label": "Loan Agreement (Rdo Equipment Co)", "score": 18.0, "published": true}, {"hash": "fDujo5cNXbf", "uri": "/contracts/fDujo5cNXbf#financed-inventory", "label": "Loan Agreement (Rdo Equipment Co)", "score": 18.0, "published": true}], "snippet_links": [{"key": "contained-in", "type": "definition", "offset": [30, 42]}, {"key": "most-recent", "type": "definition", "offset": [47, 58]}, {"key": "schedule-of-inventory", "type": "clause", "offset": [59, 80]}, {"key": "credit-line", "type": "clause", "offset": [126, 137]}], "size": 3, "hash": "5e2ca2b11bc2ca8cac65a8297a892b0d", "id": 3}, {"snippet": "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.", "samples": [{"hash": "iPbYYHnk9GY", "uri": "/contracts/iPbYYHnk9GY#financed-inventory", "label": "Secured Wholesale Finance Agreement (Compusa Inc)", "score": 18.0, "published": true}], "snippet_links": [{"key": "all-inventory", "type": "clause", "offset": [6, 19]}, {"key": "the-code", "type": "clause", "offset": [48, 56]}, {"key": "by-dealer", "type": "clause", "offset": [85, 94]}, {"key": "at-any-time", "type": "clause", "offset": [95, 106]}, {"key": "from-vendor", "type": "clause", "offset": [128, 139]}, {"key": "ordinary-course", "type": "clause", "offset": [147, 162]}, {"key": "proceeds-of-loans", "type": "clause", "offset": [189, 206]}, {"key": "for-the-benefit-of", "type": "definition", "offset": [229, 247]}, {"key": "not-limited", "type": "clause", "offset": [272, 283]}, {"key": "by-vendor", "type": "clause", "offset": [439, 448]}, {"key": "third-party", "type": "clause", "offset": [464, 475]}, {"key": "documents-of-title", "type": "clause", "offset": [557, 575]}, {"key": "other-documents", "type": "clause", "offset": [579, 594]}], "size": 1, "hash": "92868563d420771a5b9b352c22ac1777", "id": 4}, {"snippet": "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.", "samples": [{"hash": "2pBwon5SA63", "uri": "/contracts/2pBwon5SA63#financed-inventory", "label": "Master Loan Agreement (Group 1 Automotive Inc)", "score": 34.9411362081, "published": true}], "snippet_links": [{"key": "used-inventory", "type": "definition", "offset": [25, 39]}, {"key": "purchase-of", "type": "clause", "offset": [45, 56]}, {"key": "pursuant-to-this-agreement", "type": "clause", "offset": [116, 142]}, {"key": "by-borrower", "type": "clause", "offset": [162, 173]}, {"key": "the-advance", "type": "clause", "offset": [189, 200]}, {"key": "subject-of", "type": "clause", "offset": [212, 222]}], "size": 1, "hash": "38c4325ddab51155dae5016064a0a147", "id": 5}, {"snippet": "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.", "samples": [{"hash": "qWU62GNbUn", "uri": "/contracts/qWU62GNbUn#financed-inventory", "label": "Loan and Security Agreement (First Team Automotive Corp)", "score": 18.0, "published": true}], "snippet_links": [{"key": "motor-vehicle-inventory", "type": "clause", "offset": [51, 74]}, {"key": "for-sale", "type": "definition", "offset": [80, 88]}, {"key": "the-borrower-shall", "type": "clause", "offset": [232, 250]}, {"key": "special-tools", "type": "definition", "offset": [403, 416]}], "size": 1, "hash": "ca0d44ca3cb5f357fa85ec61b14892fe", "id": 6}, {"snippet": "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.", "samples": [{"hash": "a5cBLbJwtnH", "uri": "/contracts/a5cBLbJwtnH#financed-inventory", "label": "Loan and Security Agreement (Active Power Inc)", "score": 25.5722108145, "published": true}], "snippet_links": [{"key": "defined-in-section", "type": "clause", "offset": [3, 21]}, {"key": "inventory-advance", "type": "definition", "offset": [120, 137]}, {"key": "fully-paid", "type": "clause", "offset": [179, 189]}], "size": 1, "hash": "d29ca65f7862a4f95360cc85c99afacb", "id": 7}, {"snippet": "is all Eligible Inventory which Bank finances and makes an Inventory Advance, as set forth in Section 2.1.2.", "samples": [{"hash": "ayx9c4xUr8L", "uri": "/contracts/ayx9c4xUr8L#financed-inventory", "label": "Loan and Security Agreement (Active Power Inc)", "score": 21.8186173854, "published": true}], "snippet_links": [{"key": "eligible-inventory", "type": "definition", "offset": [7, 25]}, {"key": "inventory-advance", "type": "definition", "offset": [59, 76]}], "size": 1, "hash": "4ba9fc285cdf1aefac3adb280b1f1cac", "id": 8}, {"snippet": "means New Products and Used Products now or hereafter financed by BMO.", "samples": [{"hash": "6sVWYdephzQ", "uri": "/contracts/6sVWYdephzQ#financed-inventory", "label": "Wholesale Financing and Security Agreement (Rush Enterprises Inc \\Tx\\)", "score": 33.5503080082, "published": true}], "snippet_links": [{"key": "new-products", "type": "clause", "offset": [6, 18]}, {"key": "used-products", "type": "clause", "offset": [23, 36]}], "size": 1, "hash": "aae8cca4a820d65ac8a1737ff813d9e3", "id": 9}, {"snippet": "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.", "samples": [{"hash": "3iqtsCBlAKO", "uri": "/contracts/3iqtsCBlAKO#financed-inventory", "label": "Vehicle Floor Plan Financing and Security Agreement", "score": 33.154984586, "published": true}], "snippet_links": [{"key": "new-motor-vehicles", "type": "definition", "offset": [10, 28]}, {"key": "used-motor-vehicles", "type": "definition", "offset": [39, 58]}, {"key": "eligible-program", "type": "definition", "offset": [121, 137]}, {"key": "other-vehicles", "type": "clause", "offset": [193, 207]}, {"key": "proceeds-of-the-loan", "type": "clause", "offset": [222, 242]}, {"key": "for-sale", "type": "definition", "offset": [252, 260]}, {"key": "the-borrower", "type": "definition", "offset": [323, 335]}, {"key": "parts-and-accessories", "type": "definition", "offset": [397, 418]}, {"key": "special-tools", "type": "definition", "offset": [453, 466]}, {"key": "in-connection-with", "type": "clause", "offset": [527, 545]}], "size": 1, "hash": "0a37b6c04f3e1d26f7d5e4329b81287b", "id": 10}], "next_curs": "Cl8SWWoVc35sYXdpbnNpZGVyY29udHJhY3RzcjsLEhpEZWZpbml0aW9uU25pcHBldEdyb3VwX3Y1NiIbZmluYW5jZWQtaW52ZW50b3J5IzAwMDAwMDBhDKIBAmVuGAAgAA==", "definition": {"snippet": "means any inventory of the Dealer which is supplied or financed by the Supplier;", "title": "Financed Inventory", "size": 17, "id": "financed-inventory", "examples": ["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 (<strong>Financed Inventory</strong>) 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 <strong>Financed Inventory</strong>, 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 \u201cLoss Date\u201d).", "All perfected purchase money security interests granted by the Dealer to the Supplier in the <strong>Financed Inventory</strong> will have priority over any security interest that ATB now or hereafter has in the <strong>Financed Inventory</strong>.", "Borrower agrees not to remove or permit the removal of any <strong>Financed Inventory</strong> outside the continental United States or Canada or transfer, dispose of or illegally or improperly use said <strong>Financed Inventory</strong>.", "Upon agreeing to finance an item of <strong>Financed Inventory</strong>, CPC will send Reseller Agent a TS, identifying such <strong>Financed Inventory</strong> and if not otherwise provided herein, the interest rate applicable to such <strong>Financed Inventory</strong>.", "Each of the Resellers hereby directs CPC to disburse the proceeds of each <strong>Financed Inventory</strong> Advance to or at the direction of the Reseller Agent, with such directions to be subject to approval of CPC in its discretion, and such distribution will, in all circumstances, be deemed to be on a joint and several basis to each of the Resellers.", "From time to time, Reseller Agent shall further direct the disbursement of the <strong>Financed Inventory</strong> Advance for the account of each Reseller, and each Reseller represents and warrants that the subsequent receipt and use of such proceeds by any Reseller inures to the economic benefit directly and indirectly of each Reseller.", "Because the operations and business activities of the Resellers are integrated and interdependent, at any particular time it is impractical to determine which of the Resellers will directly receive the proceeds of a <strong>Financed Inventory</strong> Advance.", "Until default, Borrower may: (a) use its <strong>Financed Inventory</strong> in any lawful manner not inconsistent with this Agreement and the terms of any insurance thereon; (b) sell its <strong>Financed Inventory</strong> in the ordinary course of business; and (c) use and consume any raw materials and supplies, the use and consumption of which is necessary to carry on Borrower&#x27;s business.", "Subject to Section 8, the Supplier will be entitled, in priority to any security interest of ATB, to all proceeds and accounts of the Dealer arising out of the sale or lease by the Dealer of the <strong>Financed Inventory</strong> and against which the Supplier has a perfected purchase money security interest."], "related": [["consigned-inventory", "Consigned Inventory", "Consigned Inventory"], ["transferred-inventory", "Transferred Inventory", "Transferred Inventory"], ["excluded-inventory", "Excluded Inventory", "Excluded Inventory"], ["inventory", "Inventory", "Inventory"], ["eligible-inventory", "Eligible Inventory", "Eligible Inventory"]], "related_snippets": [], "updated": "2025-07-06T21:58:35+00:00"}, "json": true, "cursor": ""}}