Repossessed Vehicle definition
Examples of Repossessed Vehicle in a sentence
Repossessed Vehicle Inventory vehicles * Included with Delinquencies Above for the Collection Period [x] through [x] for Payment Date of [x] I hereby certify to the best of my knowledge that the report provided is true and correct.
The Servicer is not required hereby to deduct from Repossessed Vehicle Proceeds, Matured Leased Vehicle Proceeds or other Liquidation Proceeds or Insurance Proceeds with respect to any particular 1997-A Leased Vehicle all related unreimbursed Repossessed Vehicle Expenses, Matured Leased Vehicle Expenses or other Liquidation Expenses or Insurance Expenses prior to transferring such funds out of its operating account.
The Contracts to be sold by it on such Purchase Date will not result in the Outstanding Balance of Purchased Contracts secured by Vehicles previously repossessed by or on behalf of the Seller (each, a "Repossessed Vehicle") exceeding 1% of the aggregate Outstanding Balance of all Purchased Contracts.
Repossessed Vehicle Inventory vehicles * Included with Delinquencies Above [To be included on the Servicer's Certificate for the first Collection Period only: On the Closing Date, Toyota Auto Finance Receivables LLC retained $ of the Class A-1 Notes, $ of the Class A-2a Notes, $ of the Class A-2b Notes, $ of the Class A-3 Notes, $ of the Class A-4 Notes, $ of the Class B Notes and 100% of the Certificate.] I hereby certify to the best of my knowledge that the report provided is true and correct.
Repossessed Vehicle Inventory vehicles * Included with Delinquencies Above SELLER [To be included on the Servicer's Certificate for the first Collection Period only: On the Closing Date, Toyota Auto Finance Receivables LLC retained $ of the Class A-1 Notes, $ of the Class A-2 Notes, $ of the Class A-3 Notes, $ of the Class A-4 Notes, $ of the Class B Notes and 100% of the Certificate.] SELLER I hereby certify to the best of my knowledge that the report provided is true and correct.
Repossessed Vehicle Inventory vehicles * Included with Delinquencies Above for the Collection Period [x]through [x] for Payment Date of [x] I hereby certify to the best of my knowledge that the report provided is true and correct.
Notwithstanding Section 2.06 of the Servicing Agreement, the Servicer need not deduct from Repossessed Vehicle Proceeds, Matured Leased Vehicle Proceeds or other Liquidation Proceeds or Insurance Proceeds with respect to any particular 1997-B Leased Vehicle all related unreimbursed Repossessed Vehicle Expenses, Matured Leased Vehicle Expenses or other Liquidation Expenses or Insurance Expenses prior to transferring such funds out of its operating account.
Notwithstanding Section 2.06 of the Servicing Agreement, the Servicer need not deduct from Repossessed Vehicle Proceeds, Matured Leased Vehicle Proceeds or other Liquidation Proceeds or Insurance Proceeds with respect to any particular 1998-A Leased Vehicle all related unreimbursed Repossessed Vehicle Expenses, Matured Leased Vehicle Expenses or other Liquidation Expenses or Insurance Expenses prior to transferring such funds out of its operating account.
Notwithstanding Section 2.06 of the Servicing Agreement, the Servicer need not deduct from Repossessed Vehicle Proceeds, Matured Leased Vehicle Proceeds or other Liquidation Proceeds or Insurance Proceeds with respect to any particular 1996-B Leased Vehicle all related unreimbursed Repossessed Vehicle Expenses, Matured Leased Vehicle Expenses or other Liquidation Expenses or Insurance Expenses prior to transferring such funds out of its operating account.
As of the last day of any month, the aggregate Outstanding Balance of Purchased Contracts secured by Vehicles previously repossessed by the Seller (each a "Repossessed Vehicle") shall not exceed 1% of the aggregate Outstanding Balance of all Purchased Contracts then financed by Triple-A One Loans.