Title Package definition

Title Package means (i) a Lien Certificate noting the lien of the Originator of the Financed Vehicle, (ii) evidence that documentation has been submitted to the appropriate state motor vehicle authority to obtain a Lien Certificate noting the lien of the Originator of the Financed Vehicle or (iii) a Dealer Title Guaranty, if any.

Split View

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Get StartedBook a Demo

Title Package means (i) evidence that documentation has been submitted to the appropriate State motor vehicle authority to obtain a Lien Certificate noting the first priority lien of Originator or (ii) a Dealer Title Guaranty, if any.

Title Package means the application for title to a Financed Vehicle and a copy of the existing title, lien entry form, letter of guaranty or receipt of registration, or such other similar documents, as applicable, in each case noting the lien of either Norwest or the Originator on the Financed Vehicle.

Examples of Title Package in a sentence

• With respect to each Contract for which the Lien Certificate has not yet been returned from the Registrar of Titles, the Originator has a Title Package for the related Financed Vehicle.

• At Buyer's request, the Closing may be postponed until the date that is 15 days after the later of the date hereof or the date of the delivery to Buyer of the Real Property Title Commitment together with copies of all recorded documents listed as title exceptions in the Real Property Title Commitment (collectively, the "Real Property Title Package").

• Within 5 days of the later of the date hereof or the date of the delivery to Buyer of the Real Property Title Package, Buyer shall notify Fort James of any title matter reflected in the Real Propert▇ ▇▇▇le Commitment that constitutes a breach of the representation set forth in Section 5.10 (any such title matter being a "Title Defect").

• At Buyer's request, Closing may be postponed until the date that is 45 days after the later of the date hereof or the date of Jame▇ ▇▇▇er's delivery to Buyer of the Real Property Title Commitment together with copies of all recorded documents listed as title exceptions in the Real Property Title Commitment (collectively, the "Real Property Title Package").

• Within 5 days of the later of the date hereof or the date of the delivery to Buyer of the Real Property Title Package, Buyer shall notify Fort ▇▇▇▇▇ of any title matter reflected in the Real Property Title Commitment that constitutes a breach of the representation set forth in Section 5.10 (any such title matter being a "Title Defect").

• At Buyer's request, the Closing may be postponed until the date that is 15 days after the date of the delivery to Buyer of the Real Property Title Commitment together with copies of all recorded documents listed as title exceptions in the Real Property Title Commitment or Texas surveys (collectively, the "Real Property Title Package").

• Within 15 days of Jame▇ ▇▇▇er's delivery to Buyer of the Major Leases Title Package, Buyer shall notify Jame▇ ▇▇▇er of any title matter reflected in the Major Leases Title Commitment that constitutes a breach of the representation set forth in Section 5.11 (any such title matter being a "Title Defect").

• Each Company has good and valid title to the equipment, fixtures and other tangible personal property that it purports to own, free and clear of all Liens other than Permitted Liens.

• Within 10 days of the date of the delivery to Buyer of the Real Property Title Package, Buyer shall notify Seller of any title matter reflected in the Real Property Title Commitment or Texas surveys that constitutes a breach of the representation set forth in Section 5.10 (without giving effect to the materiality qualification contained in the first clause of Article V) (any such title matter being a "Title Defect").

• Within 5 days of Fort ▇▇▇▇▇' delivery to Buyer of the Major Leases Title Package, Buyer shall notify Fort ▇▇▇▇▇ of any title matter reflected in the Major Leases Title Commitment that constitutes a breach of the representation set forth in Section 5.10 (any such title matter being a "Title Defect").

More Definitions of Title Package

Title Package means the application for title to a Financed Vehicle and a copy of the existing title, lien entry form, letter of guaranty or receipt of registration, or such other similar documents, as applicable, in each case noting the lien of the Originator on the Financed Vehicle.

Title Package has the meaning set forth in Section 7.16.

Title Package means, with respect to each Vehicle, (i) evidence that documentation has been submitted to the applicable Division of Motor Vehicles or its counterpart in the applicable jurisdiction to obtain a Lien Certificate noting the First Priority lien of the applicable Borrower or Special Purpose Subsidiary or (ii) if the relevant Dealer temporarily cannot furnish a Lien Certificate, a written guaranty of such Dealer; each of such documents having been signed where required by such Dealer in the appropriate spaces, and with all blanks properly filled in and otherwise correctly prepared.