Motor Vehicle Installment Contract definition

Motor Vehicle Installment Contract means a motor vehicle loan installment contract originated by a Seller or a motor vehicle retail installment sale contract acquired by a Seller from a motor vehicle retail dealer or another financial institution.
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Examples of Motor Vehicle Installment Contract in a sentence

  • Borrower and Lender are parties to an Amended and Restated Motor Vehicle Installment Contract Loan and Security Agreement dated March 31, 2001, as amended by Amendment No. 1 dated June 27, 2001, as amended by Amendment No. 2 dated November 29, 2001 (as so amended, the "Agreement").

  • Borrower and Lender entered into an Amended and Restated Motor Vehicle Installment Contract Loan and Security Agreement dated as of August 15, 1997, as amended (the "Agreement") pursuant to which Lender agreed to make Advances to Borrower on the terms and conditions set forth in the Agreement.

  • Borrower and Lender are parties to an Amended and Restated Motor Vehicle Installment Contract Loan and Security Agreement dated March 31, 2001, as amended by Amendment No. 1 dated June 27, 2001, as amended by Amendment No. 2 dated November 29, 2001, as amended by Amendment No. 3 dated March 12, 2002, as amended by Amendment No. 4 dated August 30, 2002, as amended by Amendment No. 5 dated October 7, 2002, as amended by Amendment No. 6 dated October 18, 2002 (as so amended, the "Agreement").

  • Borrower and Lender entered into a Motor Vehicle Installment Contract Loan and Security Agreement dated as of June 1, 1994, as amended (the "Agreement") pursuant to which Lender agreed to make Advances to Borrower on the terms and conditions set forth in the Agreement.

  • THE Finance Company ("TFC"), a Virginia corporation and subsidiary of the Company, and GECC entered into a certain Amended and Restated Motor Vehicle Installment Contract Loan and Security Agreement, dated as of December 20, 1996 (the "Loan Agreement") amending and restating the terms governing the payment and performance of certain loans made by GECC to TFC.

  • Lender has been providing financing to Existing Borrower pursuant to the Motor Vehicle Installment Contract Loan and Security Agreement executed as of June 1, 1994 between Lender and Existing Borrower, as amended, together with all Supplemental Documents related thereto (the "LSA").

  • Borrower and Lender are parties to an Amended and Restated Motor Vehicle Installment Contract Loan and Security Agreement dated December 20, 1996, as amended by Amendment No. 1 thereto dated April 4, 1997 and Amendment No. 2 thereto dated February 1, 1998 (collectively, the "Agreement"), which Agreement restated and amended that certain Loan and Security Agreement, dated September 24, 1992, as amended.

  • Borrower and Lender are parties to an Amended and Restated Motor Vehicle Installment Contract Loan and Security Agreement dated March 31, 2001, as amended by Amendment No. 1 dated June 27, 2001, as amended by Amendment No. 2 dated November 29, 2001, as amended by Amendment No. 3 dated March 12, 2002, as amended by Amendment No. 4 dated August 30, 2002 (as so amended, the "Agreement").

  • Borrower and Lender are parties to an Amended and Restated Motor Vehicle Installment Contract Loan and Security Agreement, dated as of December 20, 1996 (the "Agreement"), which Agreement restated and amended that certain Loan and Security Agreement, dated September 24, 1992, as amended.

  • Dear Mr. Raley, General Electric Capital Corporation ("GECC") has extended credit to THE Finance Company ("TFC") pursuant to that certain Amended and Restated Motor Vehicle Installment Contract Loan and Security Agreement, dated as of December 20, 1996, which has been amended to restructure certain loans in default (the "Loan Agreement").

Related to Motor Vehicle Installment Contract

  • Retail installment contract means that term as defined in section 2 of the retail installment sales act, MCL 445.852.

  • Fleet Vehicle means one of a large group of New Vehicles sold to a Person (e.g., a rental car agency) which purchases in excess of ten (10) Vehicles per purchase contract for commercial use.

  • Installment sale contract or "contract" means an agreement for the retail sale of a motor vehicle, or that has a similar purpose or effect, under which part or all of the price is payable in 2 or more scheduled payments subsequent to the making of the agreement or under which the obligor undertakes to make 2 or more scheduled payments or deposits that can be used to pay part or all of the purchase price, whether or not the seller has retained a security interest in the motor vehicle or has taken collateral security for the buyer's obligation, and any extension, deferment, renewal, or other revision of that agreement. The terms include a loan, mortgage, conditional sale contract, purchase-money chattel mortgage, hire-purchase agreement, or

  • Securitization Value means, with respect to any 20[•]-[•] Lease, the value calculated by the Servicer equal to, (i) as of its Maturity Date, the Base Residual and (ii) as of any date other than its Maturity Date, the sum of the present value, discounted at the Securitization Rate, of (a) the aggregate Monthly Payments remaining to be made and (b) the Base Residual.

  • Securitization Facility means any of one or more securitization, financing, factoring or sales transactions, as amended, supplemented, modified, extended, renewed, restated or refunded from time to time, pursuant to which the Issuer or any of the Restricted Subsidiaries sells, transfers, pledges or otherwise conveys any Securitization Assets (whether now existing or arising in the future) to a Securitization Subsidiary or any other Person.

  • Used motor vehicle means a motor vehicle that is not a new motor vehicle.

  • Sale and Servicing Agreement Collateral shall have the meaning set forth in Section 2.4.

  • Rental Vehicle means a New Vehicle less than two years old owned by a New Vehicle Borrower and purchased directly from a manufacturer as a New Vehicle and that is used as a service loaner vehicle or is periodically subject to a rental contract with customers of the New Vehicle Borrower for loaner or rental periods of up to thirty (30) consecutive days or is used by dealership personnel in connection with parts and service operations.

  • Transfer Vehicle means any vehicle that operates in space and transfers Payloads or persons or both between two different space objects, between two different locations on the same space object, or between a space object and the surface of a celestial body. A Transfer Vehicle also includes a vehicle that departs from and returns to the same location on a space object.

  • New motor vehicle means a motor vehicle that:

  • Electric vehicle charging station or “charging station” means any level of electric vehicle supply equipment station that is designed and built in compliance with Article 625 of the California Electrical Code, as it reads on the effective date of this Chapter, and delivers electricity from a source outside an electric vehicle into a plug-in electric vehicle.

  • Receivables Repurchase Obligation means any obligation of a seller of receivables in a Qualified Receivables Financing to repurchase receivables arising as a result of a breach of a representation, warranty or covenant or otherwise, including as a result of a receivable or portion thereof becoming subject to any asserted defense, dispute, off-set or counterclaim of any kind as a result of any action taken by, any failure to take action by or any other event relating to the seller.