Definition of PowerCheck(r)

  1. PowerCheck(r) means a draft originated by the Originator to an Obligor for the purchase (including purchases from a Dealer or Eligible Non-Franchise Dealer, person-to-person transactions, and lease buy-out transactions) or refinancing of a vehicle, substantially in the form of Schedule O to the Existing Credit Agreement.

Definition of PowerCheck(r) in Custodian Agreement

PowerCheck(r) means a draft originated by the Originator to an Obligor for the purchase or refinancing of a vehicle, substantially in the form of Exhibit E hereto. (k) The defined term "Receivable File" as set forth in Appendix A to the Agreement is hereby amended and restated in its entirety as follows:


Definition of PowerCheck(r) in Amendment to Credit Agreement

PowerCheck(r) means a draft originated by the Originator to an Obligor for the purchase (including purchases from a Dealer or Eligible Non-Franchise Dealer, person-to-person transactions, and lease buy-out transactions) or refinancing of a vehicle, substantially in the form of Schedule O to the Existing Credit Agreement.