Amount Financed definition

Amount Financed means, with respect to a Receivable, the aggregate amount advanced under such Receivable toward the purchase price of the Financed Vehicle and any related costs, including amounts advanced in respect of accessories, insurance premiums, service contracts, car club and warranty contracts, other items customarily financed as part of motor vehicle retail installment sale contracts or promissory notes, and related costs.

Amount Financed means, with respect to a Receivable, the amount advanced under the Receivable toward the purchase price of the Financed Vehicle and any related costs.

Amount Financed. With respect to a Receivable, the aggregate amount advanced under such Receivable toward the purchase price of the Financed Vehicle, including accessories, insurance premiums, service and warranty contracts and other items customarily financed as part of retail automobile instalment sale contracts and direct purchase money loans and related costs, less:

Examples of Amount Financed in a sentence

• No Receivable shall have been amended or modified in such a manner that the total number of Scheduled Payments has been increased or that the related Amount Financed has been increased or that such Receivable fails to meet all of the other representations and warranties made by the Seller herein with respect thereto.

• Each Receivable provides for scheduled monthly payments that fully amortize the Amount Financed by maturity (except for minimally different payments in the first or last month in the life of the Receivable) and provides for a finance charge or yield interest at its APR, in either case calculated based on the Simple Interest Method.

• Amount Financed (Borrowed)EXEMPTIONSCertain types of transfers are exempt from uncapping.

• Except as provided in Section 4.02 or to the extent required by law or court order, the Servicer shall not amend or otherwise modify any Receivable such that the total number of Scheduled Payments, the Amount Financed or the APR is altered, or extend the maturity of such Receivable beyond the last day of the Collection Period preceding the Class B Final Scheduled Payment Date.

• Each Receivable provides for scheduled monthly payments that fully amortize the Amount Financed by maturity (except for minimally different payments in the first or last month in the life of the Receivable) and provide for a finance charge or yield interest at its APR, in either case calculated based on the Simple Interest Method.

More Definitions of Amount Financed

Amount Financed means, with respect to a Receivable, the aggregate amount advanced under such Receivable toward the purchase price of the Financed Vehicle and any related costs, including amounts advanced in respect of accessories, insurance premiums, service and warranty contracts, other items customarily financed as part of retail automobile installment sale contracts or promissory notes, and related costs.

Amount Financed means, for a Receivable, the amount of credit provided to the Obligor for the purchase of the Financed Vehicle, the purchase of service contracts, insurance and similar products, the payment of outstanding balances on turn-in and trade-in vehicles and the payment of other related fees and charges.

Amount Financed with respect to a Receivable means the amount advanced under such Receivable toward the purchase price of the Financed Equipment, or, in the case of any retail installment loan, the amount advanced to the related Obligor that is secured by Financed Equipment, and any related costs, including any insurance financed thereby.

Amount Financed with respect to a Receivable means the amount advanced under such Receivable toward the purchase price of the Financed Equipment, or, in the case of any retail installment loan or consumer installment loan, the amount advanced to the related Obligor that is secured by Financed Equipment, and any related costs, including any insurance financed thereby.

Amount Financed means the total of the following items to the extent that payment is deferred:

Amount Financed means, with respect to a Contract, the amount advanced under the Contract toward the purchase price of the related Financed Vehicle and any related costs, exclusive of any amount allocable to the premium of force-placed physical damage insurance covering such Financed Vehicle.

Amount Financed using the dollar amounts in the “Itemization of Amount Financed” section of the Contract and confirm it matches “Amount Financed” in the “Federal Truth-in-Lending Disclosures” box of the Contract. Test 3.3(h) — 6: Total of Payments Observe the “Federal Truth-in-Lending Disclosures” box of the Contract and confirm “Amount Financed” plus “Finance Charge” equals “Total of Payments.” Representation and Warranty (Section references are to the Receivables Purchase Agreement) Tests