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."
Sample 1

Examples of Used RV in a sentence

  • Dealer will maintain possession of the original of the xxxx 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.

  • 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.

  • Used RV sales are a complement to the new RV market since the used-RV buyer generally follows the same historical 3- to 5-year trade-in, trade-up cycle, adding to potential new RV sales in the long-term.

  • 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.

  • All used recreation vehicles in Seller's inventory as of the close of business on the date immediately preceding the Closing Date (the "Used RV Vehicle Inventory").

  • 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.

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

  • 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.

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.

  • Unused Revolving Line Facility Fee is defined in Section 2.4(c). [Signature page follows.]

  • Unused Amount means the Maximum Line reduced by outstanding Revolving Advances. The Borrower agrees to pay to the Lender an unused line fee at the rate of one-half of one percent (0.5%) 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 February 28, 2015, 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": Level Average Revolver Usage Applicable Unused Line Fee Percentage I > 50% of the Maximum Revolver Amount 0.25 percentage points II < 50% of the Maximum Revolver Amount 0.375 percentage points The Applicable Unused Line Fee Percentage shall be re-determined on the first date of each fiscal month of Borrowers by Agent.

  • Applicable Unused Line Fee Margin means the per annum fee, from time to time in effect, payable in respect of Borrowers’ non-use of committed funds pursuant to Section 1.9(b), which fee is determined by reference to Section 1.5(a).

  • Adjusted Daily Simple SOFR means an interest rate per annum equal to (a) the Daily Simple SOFR, plus (b) 0.10%; provided that if the Adjusted Daily Simple SOFR as so determined would be less than the Floor, such rate shall be deemed to be equal to the Floor for the purposes of this Agreement.

  • Unused Facility Fee has the meaning specified in Section 2.09(a).

  • Applicable Unused Commitment Fee Rate means 0.50% per annum.

  • Daily Simple SOFR Loan means a Loan that bears interest at a rate based on Daily Simple SOFR.

  • Available Unused Commitment means, with respect to a Revolving Facility Lender under any Class of Revolving Facility Commitments at any time, an amount equal to the Dollar Equivalent of the amount by which (a) the applicable Revolving Facility Commitment of such Revolving Facility Lender at such time exceeds (b) the applicable Revolving Facility Credit Exposure of such Revolving Facility Lender at such time.

  • Unused Line Fee has the meaning specified in Section 2.5.

  • Applicable Revolver Index Margin means the per annum interest rate margin from time to time in effect and payable in addition to the Index Rate applicable to the Revolving Loan, as determined by reference to Section 1.5(a).

  • Applicable LIBOR Margin means a per annum rate of interest payable in addition to the LIBOR Rate on LIBOR Rate Loans, determined by reference to Section 1.6.

  • Applicable Revolver LIBOR Margin means the per annum interest rate from time to time in effect and payable in addition to the LIBOR Rate applicable to the Revolving Loan, as determined by reference to Section 1.5(a).

  • Daily Simple SOFR means, for any day, SOFR, with the conventions for this rate (which will include a lookback) being established by the Administrative Agent in accordance with the conventions for this rate selected or recommended by the Relevant Governmental Body for determining “Daily Simple SOFR” for syndicated business loans; provided, that if the Administrative Agent decides that any such convention is not administratively feasible for the Administrative Agent, then the Administrative Agent may establish another convention in its reasonable discretion.

  • Daily Quantity means the quantity of waste discharged during an operating day.

  • Unused Revolving Commitment means, for any Lender at any time, the excess of (i) such Lender’s Revolving Commitment at such time over (ii) such Lender’s Revolving Facility Exposure at such time.

  • Daily Contract Quantity or “DCQ” means the quantity of Gas as set out in Clause 4.1 herein.

  • Unused Portion has the meaning assigned to that term in Section 2.09(a).

  • Unused Commitment Fee Rate has the meaning given to such term in the Fee Letter.

  • Average Daily Trading Volume means the average trading volume of the Company’s Common Stock in the ten (10) Trading Days immediately preceding the respective Put Date.

  • Daily Amount means, in respect of a DMA and a Daily Calculation Period, the Daily Gain or Daily Loss for such DMA and Daily Calculation Period.

  • Applicable Commitment Fee Percentage means, as at any date of determination, the rate per annum then applicable in the determination of the amount payable under Section 2.15(C)(i) hereof determined in accordance with the provisions of Section 2.15(D)(ii) hereof.

  • Applicable Commitment Fee Rate means:

  • Unused Fee Rate means 0.50% per annum.