Retail Note definition

Retail Note. A retail loan evidenced by a note and secured by one or more Financed Vehicles, originated or acquired by Navistar Financial or one or more of its Affiliates. Revised Article 8: Revised Article 8 (1994 Version) (and corresponding amendments to Article 9) as promulgated in 1994 by the National Conference of Commissioners on Uniform State Laws, in the form in which it has been adopted in the State of New York.

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Retail Note. A retail instalment sale contract for, or retail loan evidenced by a note and secured by, one or more new or used medium or heavy duty trucks, buses or trailers.

Retail Note. A retail loan evidenced by a note and secured by, one or ----------- more new or used medium or heavy duty trucks, buses or trailers. Revised Article 8: Revised Article 8 (1994 Version) (and corresponding ----------------- amendments to Article 9) as promulgated in 1994 by the National Conference of Commissioners on Uniform State Laws, in the form in which it has been adopted in the State of New York.

Examples of Retail Note in a sentence

• Each Financed Vehicle to which a Designated Receivable relates was a new or used medium or heavy duty truck, truck chassis, bus or trailer at the time the related Obligor executed the Retail Note.

• On the date hereof, the Seller has good title to each Retail Note free and clear of all Liens (other than Permitted Liens and Liens that will be released as of such transfer).

• The Servicer shall, in accordance with its customary servicing procedures and at its own expense, take such steps as are necessary to maintain perfection of the first priority security interest of the Seller created by a Retail Note in the related Financed Vehicle or Financed Vehicles and of the first priority security interest of the Collateral Agent in the Financed Vehicle or Financed Vehicles related to any Retail Lease.

• Each Financed Vehicle to which a Designated Receivable relates was a new or used medium or heavy duty truck, truck chassis, bus or trailer at the time the related Obligor executed the Retail Note or Retail Lease.

• The purchase price of any Retail Note accepted by the Capital Corporation shall be the face amount of the Retail Note less both the finance charge and any separately stated insurance premiums.

• As of any date of determination, with respect to a Receivable, the unpaid principal balance of such Retail Note as of such date plus, with respect to a Retail Note classified as a “finance charge-included contract”, the finance charges included in the payments due with respect to such Retail Note on or after such date.

• Unless otherwise specified in the Distribution Agreement, each purchase of Retail Notes by the Purchasing Agent shall be at a discount from the principal amount of each such Retail Note equivalent to the applicable percentage set forth in Schedule 1 hereto.

• Unless otherwise specified in the Distribution Agreement, each purchase of Retail Notes by the Purchasing Agent shall be at a discount from the principal amount of each such Retail Note equivalent to the applicable percentage set forth in SCHEDULE 1 hereto.

• All necessary steps will have been or will be taken to perfect a valid purchase money security interest or, in certain circumstances, a non-purchase money, first position security interest in the equipment which is the subject of a Retail Note.

• Each Retail Note will be on either a Retail Installment Sale Contract or Loan Contract form approved by the Capital Corporation and appropriate to the type and location of the transaction.

More Definitions of Retail Note

Retail Note means a retail loan evidenced by a note and secured by one or more Financed Vehicles, originated by Navistar Financial or one or more of its Affiliates.