Returned Vehicle definition

Returned Vehicle means any Closed-End Vehicle related to a Closed-End Lease, with respect to which all Scheduled Payments due thereunder have been made, and which Closed-End Vehicle has been returned to the Closed-End Servicer on behalf of the Titling Trust. For the avoidance of doubt, no repossessed Closed-End Vehicle shall be considered a Returned Vehicle.
Returned Vehicle. A vehicle that is returned to the Insured by the lessee pursuant to the lessee’s exercise of the return option under the lease contract. The Insured may subsequently sell such vehicle at an auction that has bidding or fixed priced sales, or may sell such vehicle to a purchaser other than the lessee, dealer, or employee of the Insured. The sale may take place at a physical location, via an Internet site and/or via phone, mail and/or fax. Sales Date: The date the Insured reports the sale of a vehicle that is the subject of a Covered Lease on the Insured’s LeMans system. Sales Expense Adjustment Amount: An amount equal to the greater of (i) zero or (ii) “A” minus “B” minus “C”, where “A” equals the sum of the Sales Expenses for all Returned Vehicles “B” equals the sum of all Disposition Fees for all Returned Vehicles, and “C” equals $330 multiplied by the total number of all Returned Vehicles. Sales Expenses: Auction and other third party expenses actually incurred by or on behalf of the Insured that are (i) directly related to the sale of a Returned Vehicle and (ii) either (A) reasonably classifiable as one of the following categories of expenses: reconditioning expenses, transportation expenses, auction expenses and appraisal fees or (B) expenses directly related to the sale of a Returned Vehicle via the Internet.

Examples of Returned Vehicle in a sentence

  • France, Germany and Norway (Application No‟s 71412/01 and 78166/01 (unreported), 2 May 2007.

  • The Purchased Receivables also include any Late Return Indemnity Receivable, Returned Vehicle Expense Receivable, Vehicle Sale Receivable, Dealer Vehicle Buy Back Receivable and/or Lessee Vehicle Buy Back Receivable, which may be payable at the term of the Lease Agreement.

  • FINRA, in its sole discretion, may from time to time make additions to, deletions from, or modifications to the Service, FINRA Rules and this Agreement, including but not limited to the purpose of reflecting and conforming the Service, FINRA Rules or this Agreement to any changes to the Service.

  • The first is a Returned Vehicle Report which simply prints a record of the loan.

  • Fees on Returned Vehicle -There may be a charge for excessive mileage on a returned vehicle (at the discretion of Auction).IV.

  • Fees on Returned Vehicle - There may be a charge for excessive mileage on a returned vehicle ( at the discretion of Auction).

Related to Returned Vehicle

  • Leased Vehicle means a new or used Nissan or Infiniti automobile, sport utility vehicle, minivan or light-duty truck, together with all accessories, parts and additions constituting a part thereof, and all accessions thereto, leased to a Lessee pursuant to a Lease.

  • Nonroad Vehicle means a vehicle that is powered by a Nonroad Engine, fifty horsepower and greater, and that is not a Motor Vehicle or a vehicle used solely for competition, which shall include, but not be limited to, excavators, backhoes, cranes, compressors, generators, bulldozers and similar equipment, except that this term shall not apply to horticultural maintenance vehicles used for landscaping purposes that are powered by a Nonroad Engine of sixty-five horsepower or less and that are not used in any construction program or project.

  • Low-speed vehicle means any four-wheeled electrically-powered vehicle, except a motor vehicle or

  • Shared vehicle means a vehicle that is available for

  • Motorized Vehicle means a passenger car, station wagon, van, jeep-type automobile, truck, ambulance or any type of motorized vehicle used by municipal, provincial or federal police forces.

  • Covered Vehicle means a private passenger vehicle (including mini-vans, pickup trucks and sport utility vehicles) which is registered or rented to You during Your Trip, which is rated ¾ ton in weight or less, not used for racing, dealer services, dealer loaners, taxi, limousine, shuttle, delivery, hauling, towing, road repair service, construction service, snow removal, or as a public livery vehicle, or any other commercial use.

  • Used vehicle means a Vehicle other than a New Vehicle.

  • Matured Vehicle as of any date means any Leased Vehicle the related Lease of which has reached its Maturity Date or has been terminated in connection with a Lessee Initiated Early Termination (and the Lessee is not in default under such Lease) or in connection with a Casualty Termination, which Leased Vehicle has been returned to the Servicer on behalf of the Titling Trust, if applicable.

  • Tank vehicle means a commercial motor vehicle that is designed to transport any liquid or gaseous materials within a tank or tanks having an individual rated capacity of more than one hundred nineteen gallons and an aggregate rated capacity of one thousand gallons or more that is either permanently or temporarily attached to the vehicle or chassis. A commercial motor vehicle transporting an empty storage container tank not designed for transportation with a rated capacity of one thousand gallons or more that is temporarily attached to a flatbed trailer is not considered a tank vehicle.

  • completed vehicle means a vehicle, resulting from the process of multi-stage type-approval, which meets the relevant technical requirements of this Directive;

  • Off-Road Vehicle means any vehicle while it is being operated on a road not maintained by a federal, provincial, state, or local agency, not including entrance or departure ways to private property, or any vehicle which cannot be licensed to drive on a public road and is designed and manufactured primarily for off-road usage.

  • Light vehicle means a motor vehicle commonly referred to as an automobile, van, sport utility

  • Abandoned vehicle means any of the following:

  • goods vehicle means a motor vehicle constructed or adapted for use for the carriage of goods or burden of any description or a trailer so constructed or adapted;

  • Junk vehicle means a vehicle of any age that is damaged or defective in any one or combination of any of the following ways that either makes the vehicle immediately inoperable, or would prohibit the vehicle from being operated in a reasonably safe manner upon the public streets and highways under its own power if self-propelled, or while being towed or pushed, if not self-propelled:

  • Reconstructed vehicle means every vehicle of a type required to be registered under this title

  • Hybrid vehicle (HV) means a vehicle equipped with a powertrain containing at least two different categories of propulsion energy converters and at least two different categories of propulsion energy storage systems.

  • Shared vehicle driver means an individual who has been authorized to drive the

  • Transit vehicle means a bus, rapid transit vehicle, railroad car, street railway car, water vehicle, taxicab, or other type of public transportation vehicle or individual unit, whether operated singly or in a group that provides public transportation.

  • Shared vehicle owner means the registered owner, or a person or entity designated by the registered owner, of a vehicle made available for sharing to shared vehicle drivers through a peer-to-peer car sharing program.

  • Personal vehicle means a vehicle that is:

  • the vehicle means the vehicle named in the licence.

  • Articulated vehicle means a vehicle which consists of two or more rigid sections which articulate relative to one another; the passenger compartments of each section intercommunicate so that passengers can move freely between them; the rigid sections are permanently connected so that they can only be separated by an operation involving facilities which are normally only found in a workshop;

  • Rebuilt vehicle means any salvage vehicle which has been rebuilt and inspected for the purpose of registration and title;

  • Financed Vehicle means an automobile or light-duty truck van or minivan, together with all accessions thereto, securing an Obligor’s indebtedness under the respective Receivable.

  • Flex fuel vehicle means a vehicle with one fuel storage system that can run on different mixtures of two or more fuels.