After repossession Sample Clauses

After repossession of the Leased Premises pursuant to clause (i) above, Landlord shall have the right to relet any of the Leased Premises to such tenant or tenants, for such term or terms, for such rent, on such conditions and for such uses as Landlord in its sole discretion may determine, and collect and receive any rents payable by reason of such reletting. Landlord may make such Alterations in connection with such reletting as it may deem advisable in its sole discretion. Notwithstanding any such reletting, Landlord may collect the damages set forth in Paragraph 23(c).
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After repossession. All net monies collected will be split 65% for the selling dealer and 35% to Lender Financing.
Sample 1
After repossession. If Creditor or Manufacturer repossesses or comes into possession of any unit of Goods covered by any Wholesale Instrument, Manufacturer will, upon demand of Creditor, promptly repurchase such Goods, wherever located from Creditor if the conditions set forth in Section 4.2 are met. On the Wholesale Instrument for each repurchased unit of Goods, Manufacturer shall pay Creditor the total unpaid balance (excluding unpaid finance charges, but including freight and delivery charges if financed by Creditor), less the amount of any curtailment or final maturity which was not waived or extended with the approval of Manufacturer and which is past due from Dealer 30 days or more as of the date Creditor notifies Manufacturer of a default by Dealer ("Repurchase Price"). Creditor shall be responsible for handling any repossession or foreclosure proceedings. Manufacturer hereby grants Creditor a security interest in, and shall not assert any superior interest in or title to, such Goods until the Repurchase Price has been paid in full, which shall be done within 30 days following receipt by Manufacturer of a statement showing the amount owed. Creditor agrees to store all repossessed Goods within a reasonable distance of Dealer's principal or satellite location as specified in the individual Dealer's Inventory Security Agreement. In the event Manufacturer fails to pay the Repurchase Price in full within said 30 days, Manufacturer shall be liable for and shall also pay Creditor all accrued and unpaid finance charges under Dealer's current financing terms with Creditor on each Wholesale Instrument on the Goods from the date on which Creditor notified Manufacturer to repurchase the Goods to the date the Repurchase Price is paid in full. Upon receipt by Creditor of the full Repurchase Price and any finance charges due as provided herein for any Goods repossessed, Creditor agrees to transfer to Manufacturer any and all rights that Creditor may have in and to the Goods as a secured creditor under the Uniform Commercial Code and will return Manufacturer's Certificate of Origin.
Sample 1
After repossession. If you return the merchandise or we repossess it within days after the payment due date, you can reinstate the agreement by making all late payments an paying any late charges within 30 days of the date you return the merchandise or we repossess it.
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Related to After repossession

  • Repossession As of the Cut-off Date, according to the records of NMAC, the Financed Vehicle related to such Receivable has not been repossessed and the possession thereof not reinstated. Review Materials Servicing System Records/Data File Tests

  • Possession and Control The Grantor has exclusive possession and control of its Equipment and Inventory.

  • Possession of the Property The Parties hereby agree that the exclusive possession of the Property shall be delivered by the Seller to the Buyer on .

  • Repossession of Financed Vehicles On behalf of the Issuer, the Servicer will use commercially reasonable efforts, consistent with its Customary Servicing Practices, to repossess or otherwise convert the ownership of and liquidate the Financed Vehicle securing any Receivable as to which the Servicer has determined eventual payment in full is unlikely; provided, however, that the Servicer may elect not to repossess a Financed Vehicle if in its sole discretion it determines that repossession will not increase the amounts described in clauses (a) through (c) of the definition of Liquidation Proceeds by an amount greater than the expense of such repossession or that the proceeds ultimately recoverable with respect to such Receivable would be increased by forbearance. The Servicer is authorized as it deems necessary or advisable, consistent with its Customary Servicing Practices, to make reasonable efforts to realize upon any recourse to any Dealer and to sell the related Financed Vehicle at public or private sale. The foregoing will be subject to the provision that, in any case in which the Financed Vehicle has suffered damage, the Servicer shall not be required to expend funds in connection with the repair or the repossession of such Financed Vehicle unless it determines in its sole discretion that such repair and/or repossession will increase the amounts described in clauses (a) through (c) of the definition of Liquidation Proceeds with respect to such Financed Vehicle by an amount greater than the amount of such expenses. The Servicer, in its sole discretion, may in accordance with its Customary Servicing Practices sell any Receivable’s deficiency balance. Net proceeds of any such sale allocable to the Receivable will constitute Liquidation Proceeds, and the sole right of the Issuer and the Indenture Trustee with respect to any such sold Receivables will be to receive such Liquidation Proceeds. Upon such sale, the Servicer will xxxx its computer records indicating that any such receivable sold is no longer a Receivable. The Servicer is authorized to take any and all actions necessary or appropriate on behalf of the Issuer to evidence the sale of the Receivable free from any Lien or other interest of the Issuer or the Indenture Trustee.

  • Title to Properties; Possession Under Leases (a) Such Borrower and each of its Subsidiaries have good and marketable title to, or valid leasehold interests in, all its material properties and assets, except for minor defects in title that do not materially interfere with its ability to conduct its business as currently conducted or to utilize such properties and assets for their intended purposes.

  • No Repossessions None of the Financed Equipment securing any Receivable is in repossession status.

  • GRANTOR'S RIGHT TO POSSESSION AND TO COLLECT ACCOUNTS Until default and except as otherwise provided below with respect to accounts, Grantor may have possession of the tangible personal property and beneficial use of all the Collateral and may use it in any lawful manner not inconsistent with this Agreement or the Related Documents, provided that Grantor's right to possession and beneficial use shall not apply to any Collateral where possession of the Collateral by Lender is required by law to perfect Lender's security interest in such Collateral. Until otherwise notified by Lender, Grantor may collect any of the Collateral consisting of accounts. At any time and even though no Event of Default exists, Lender may exercise its rights to collect the accounts and to notify account debtors to make payments directly to Lender for application to the Indebtedness. If Lender at any time has possession of any Collateral, whether before or after an Event of Default, Lender shall be deemed to have exercised reasonable care in the custody and preservation of the Collateral if Lender takes such action for that purpose as Grantor shall request or as Lender, in Lender's sole discretion, shall deem appropriate under the circumstances, but failure to honor any request by Grantor shall not of itself be deemed to be a failure to exercise reasonable care. Lender shall not be required to take any steps necessary to preserve any rights in the Collateral against prior parties, nor to protect, preserve or maintain any security interest given to secure the Indebtedness.

  • No Repossession No Financed Vehicle has been repossessed without reinstatement as of the Cutoff Date.

  • Title to the Property Borrower will warrant and defend the title to the Property, and the validity and priority of all Liens granted or otherwise given to Lender under the Loan Documents, subject only to Permitted Encumbrances, against the claims of all Persons.

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