Used RV definition

Used RV means a recreational vehicle, including but not limited to, travel trailers, camping trailers, motorhomes, mini motorhomes, truck campers and van conversions, which has been (i) previously sold at retail, or (ii) registered or titled in any state with the appropriate state authorities in accordance with applicable state laws.”
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Examples of Used RV in a sentence

  • DFS reserves the right to limit its advances with respect to any Used RV for which financing is requested and to limit the aggregate amount of advances made with respect to all Used RVs.

  • Dealer will maintain possession of the original of the ▇▇▇▇ of sale or other written evidence of the acquisition of each Used RV and the certificate of title showing the release of all liens noted thereon.

  • The Collateral Summary Report will include: (i) a borrowing base certificate together with supporting information, in form and substance satisfactory to CDF; (ii) the sales prices of each new Motor Coach and Used RV sold by Dealer; (iii) an inventory report in form and substance reasonably satisfactory to CDF; and (iv) such other matters and information relating to the Used RVs and New Motor Coaches as CDF may from time to time request.

  • The Collateral Summary Report will include: (i) a borrowing base certificate together with supporting information, in form and substance satisfactory to DFS; (ii) the sales prices of each new Motor Coach and Used RV sold by Dealer; (iii) an inventory report in form and substance reasonably satisfactory to DFS; and (iv) such other matters and information relating to the Used RVs and New Motor Coaches as DFS may from time to time request.

  • Each Used RV for which the Dealer’s acquisition date is more than 720 days from the date of determination shall not be eligible for use in determining the aggregate Loan Value.

  • DFS agrees to grant to Dealer a Used RV and New Motor Coach Inventory Revolving Credit Facility (“Revolving Credit Facility”) in an amount equal to the lesser of: (i) Twelve Million Five Hundred Thousand Dollars ($12,500,000.00) or such great or lesser amount as DFS may from time to time establish in its sole discretion; and (ii) the aggregate Loan Value.

  • CDF reserves the right to limit its advances with respect to any Used RV for which financing is requested and to limit the aggregate amount of advances made with respect to all Used RVs.

  • The purchase price for the Used RV Vehicle Inventory shall be the market value as mutually agreed by Seller and Buyer.

  • CDF agrees to grant to Dealer a Used RV and New Motor Coach Inventory Revolving Credit Facility (“Revolving Credit Facility”) in an amount equal to the lesser of: (i) Twelve Million Five Hundred Thousand Dollars ($12,500,000) or such greater or lesser amount as CDF may from time to time establish in its sole discretion; and (ii) the aggregate Loan Value.

  • Each Used RV for which the Dealer’s acquisition date is more than 365 days from the date of determination shall not be eligible for use in determining the aggregate Loan Value.

Related to Used RV

  • Used oil means any oil that has been refined from crude oil, or any synthetic oil, that has been used and as a result of such use is contaminated by physical or chemical impurities.

  • Used water means any water supplied by a public water supply system to a consumer's water system after it has passed through the service connection and is no longer under the control of the water supply official custodian.

  • Unused Revolving Line Facility Fee is defined in Section 2.4(d).

  • Unused Amount means the Maximum Line reduced by (1) outstanding Revolving Advances and (2) the L/C Amount. The Borrower agrees to pay to the Lender an unused line fee at the rate of one-half of one percent (.5%) per annum on the average daily Unused Amount from the date of this Agreement to and including the Termination Date, due and payable monthly in arrears on the first day of the month and on the Termination Date.

  • Applicable Unused Line Fee Percentage means, as of any date of determination, the applicable percentage set forth in the following table that corresponds to the Average Revolver Usage of Borrowers for the most recently completed month as determined by Agent in its Permitted Discretion; provided, that for the period from the Closing Date through and including the last day of the third full calendar month following the Closing Date, the Applicable Unused Line Fee Percentage shall be set at the rate in the row styled “Level II”; provided further, that any time an Event of Default has occurred and is continuing, the Applicable Unused Line Fee Percentage shall be set at the margin in the row styled “Level II”: I > 50% of the Maximum Revolver Amount 0.375 percentage points II ≤ 50% of the Maximum Revolver Amount 0.50 percentage points The Applicable Unused Line Fee Percentage shall be re-determined on the first date of each month by Agent.