Retail Loan definition

Retail Loan means a loan arising from a retail sale of consumer goods in a purchase transaction by a retail merchant.
Retail Loan means any loan (or participation interest therein) or similar contract between Bank Partner and an Obligor pursuant to which Bank Partner makes a consumer loan to such Obligor for the retail purchase of Merchandise to an Obligor pursuant to the applicable Retail Loan Agreements, including all rights under any and all security documents or supporting obligations related thereto, including the applicable Retail Loan Agreement and the rights with respect to the Merchandise related thereto.
Retail Loan or “Loan” means an eligible Retail Loan, which is in force and not in arrears at the time of enrolment, with an amortisation period no greater than 84 months.

Examples of Retail Loan in a sentence

  • The Borrowers will engage in substantially the same field of business as they are engaged in on the Closing Date, and except as permitted in Section 10.5(h), will refrain from engaging in, establishing or becoming in any way involved as a lender in the business of automobile financing, sub-prime automobile financing or any other credit transactions related to automobiles other than Retail Loan Guarantees.

  • The Borrowers will engage in substantially the same field of business as they are engaged in on the date hereof, and except as permitted in Section 10.5(k), will refrain from engaging in, establishing or becoming in any way involved as a lender in the business of automobile financing, sub-prime automobile financing or any other credit transactions related to automobiles other than Retail Loan Guarantees.

  • After the commencement of the Geely Holding Retail Financing Business, Genius AFC will enter into individual Geely Holding Retail Loan Agreements and Geely Retail Loan Agreements with the Geely Retail Customers respectively.

  • Company may not acquire (i) Leases from any Person other than Intermediate Seller pursuant to the Asset Sale Agreement and (ii) Retail Loan from any person other than FlexLending pursuant to the Asset Loan Purchase Agreement.

  • The Empire Hotel & Retail Loan (note A-1 and note A-2), but not the related pari passu note A-3 and the related pari passu note A-4, will be contributed to the GS Mortgage Securities Trust 2013-GC10.

  • The Borrowers will engage in substantially the same field of business as they are engaged in on the date hereof, and except as permitted in Section 10.5(h), will refrain from engaging in, establishing or becoming in any way involved as a lender in the business of automobile financing, sub-prime automobile financing or any other credit transactions related to automobiles other than Retail Loan Guarantees.

  • In connection with any such Compliance Review, Company will permit any authorized representatives designated by the Administrative Agent to review Company’s form of Lease Agreements, Retail Loan Agreements, Underwriting Policies, Bank Partner Credit Policies, information processes and controls, compliance practices and procedures and marketing materials (“Materials”).

  • Company shall not acquire Leases or Retail Loans which are not entered into on the form of applicable Lease Agreement or Retail Loan Agreement, respectively, attached hereto as Exhibit G as amended (to the extent not prohibited hereunder).

  • The execution and delivery of a Borrowing Base Certificate shall in each instance constitute a representation and warranty by Company to Administrative Agent and each Lender that each Lease or Retail Loan included therein as an “Eligible Lease” or “Eligible Retail Loan” is, in fact, an Eligible Lease or Eligible Retail Loan, as applicable.

  • Retail (Loan No. 24) The mortgaged property is comprised of two condominium units (retail and parking garage) located at the base of a 33-story apartment building that also includes two residential condominium units containing 312 apartments.


More Definitions of Retail Loan

Retail Loan means a loan provided by a bank to a natural person regardless of whether it is secured or designated for a specific purpose; it does not include credit card facilities, current account overdrafts, or business loans for individuals. The term 'loan' in this Recommendation is to be understood to mean 'retail loan' unless otherwise stated;
Retail Loan means a loan repaid on the basis of fixed monthly instalments of equal amounts throughout the term of the loan, up to and including maturity.