Examples of Financed Vehicle in a sentence
Under the terms of each Receivable, the Obligor is required to maintain physical damage insurance covering the related Financed Vehicle.
As of the Cutoff Date, the Servicer’s electronic records related to receivables do not indicate that any Receivable was satisfied, subordinated or rescinded, or that any Financed Vehicle was released from the Lien of the related Receivable.
Review the Title Documents and confirm that the Seller is listed as a first priority lien holder for the Financed Vehicle and that no other lienholder is listed.
Confirm the Receivable contains language that requires the Obligor to obtain and maintain insurance against physical damage to the Financed Vehicle.
For each of the Receivables, determined that the original creditor was either the Seller or one of its subsidiaries or a Dealer for the retail sale of a Financed Vehicle in the ordinary course of business.