Truck Financing definition

Truck Financing means the Indebtedness of any entity engaged in Truck Operations to finance the acquisition or purchase of heavy trucks.
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Examples of Truck Financing in a sentence

  • Each party hereto agrees that this Agreement shall continue to be effective or be reinstated, as the case may be, if at any time payment, or any part thereof, of any ABL Obligation or Used Truck Financing Obligation is rescinded or must otherwise be restored by the ABL Agent, the Used Truck Lender or any other Secured Party upon the bankruptcy or reorganization of the Company or otherwise.

  • This authorization is coupled with an interest and is irrevocable until the Discharge of Used Truck Financing Obligations has occurred.

  • From time to time, at the request of the Used Truck Lender, the ABL Agent and the Used Truck Lender agree to amend this Agreement to the extent necessary to permit the Used Truck Lender to securitize all or any part of its interest in the Used Truck Financing Obligations so long as any such amendment is technical in nature and does not alter in any material respect the rights, remedies and obligations of the parties hereto.

  • In exercising rights and remedies with respect to the Used Truck Collateral, the Used Truck Lender may enforce the provisions of the Used Truck Financing Documents, and exercise remedies thereunder, all in such order and in such manner as they may determine in the exercise of their sole discretion.

  • Car Fleet Financing Agreement, General Motors Acceptance Corporation Dealer Retail Truck Financing Agreement).

  • Pursuant to the Credit Support Agreement for the Truck Financing Program, Clean Energy certifies that it has performed the following Customer Credit Analysis tasks as pre-defined and agreed to between Clean Energy and Total.

  • So long as the Discharge of Used Truck Financing Obligations has not occurred, the ABL Agent, on behalf of itself and each applicable ABL Secured Party, agrees that it will not take or receive any Used Truck Collateral or any Proceeds of Used Truck Collateral in connection with the exercise of any right or remedy (including set-off) with respect to any Used Truck Collateral.

  • The ABL Agent, for itself and on behalf of each applicable ABL Secured Party, hereby waives any and all rights it or any ABL Secured Party may have to object to the manner in which the Used Truck Lender seeks to enforce its Liens on any of the Used Truck Collateral until the Discharge of Used Truck Financing Obligations has occurred.

Related to Truck Financing

  • Co-financing means the financing referred to in Section 7.02 (h) and specified in the Loan Agreement provided or to be provided for the Project by the Co-financier. If the Loan Agreement specifies more than one such financing, “Co-financing” refers separately to each of such financings.

  • New Financing means the Indebtedness incurred or to be incurred by Holdings and its Subsidiaries under the Credit Documents (assuming the full utilization of the Revolving Commitments) and all other financings contemplated by the Credit Documents, in each case after giving effect to the Transaction and the incurrence of all financings in connection therewith.

  • Existing Financing means the financing arrangements that provided for a security interest granted by Company in the Aircraft and that were outstanding on August 3, 2020.

  • Permitted Securitization Financing means one or more transactions pursuant to which (i) Securitization Assets or interests therein are sold or transferred to or financed by one or more Special Purpose Securitization Subsidiaries, and (ii) such Special Purpose Securitization Subsidiaries finance (or refinance) their acquisition of such Securitization Assets or interests therein, or the financing thereof, by selling or borrowing against Securitization Assets (including conduit and warehouse financings) and any Hedging Agreements entered into in connection with such Securitization Assets; provided, that recourse to the Borrower or any Subsidiary (other than the Special Purpose Securitization Subsidiaries) in connection with such transactions shall be limited to the extent customary (as determined by the Borrower in good faith) for similar transactions in the applicable jurisdictions (including, to the extent applicable, in a manner consistent with the delivery of a “true sale”/“absolute transfer” opinion with respect to any transfer by the Borrower or any Subsidiary (other than a Special Purpose Securitization Subsidiary).

  • Securitization Financing means any transaction or series of transactions that may be entered into by the Borrower or any of its Subsidiaries pursuant to which the Borrower or any of its Subsidiaries may sell, convey or otherwise transfer to (a) a Securitization Subsidiary (in the case of a transfer by the Borrower or any of its Subsidiaries) or (b) any other Person (in the case of a transfer by a Securitization Subsidiary), or may grant a security interest in, any Securitization Assets of the Borrower or any of its Subsidiaries, and any assets related thereto, including all collateral securing such Securitization Assets, all contracts and all guarantees or other obligations in respect of such Securitization Assets, proceeds of such Securitization Assets and other assets that are customarily transferred or in respect of which security interests are customarily granted in connection with asset securitization transactions involving Securitization Assets.