Eligible Vehicles means, at any time, the Equipment of a Loan Party consisting of trucks, vans and other vehicles used to transport home heating oil, diesel fuel and other petroleum derivative products and other Inventory (other than propane and natural gas), or are used primarily in connection with the provisions of service to customers, which the Agent determines in its Permitted Discretion is eligible as the basis for Credit Extensions hereunder and as to which all of the following requirements have been fulfilled to the reasonable satisfaction of the Agent:
Eligible Vehicles means Vehicles that Dealership acquired by any means, excluding each Exception Vehicle.
Eligible Vehicles means the motor vehicle inventory of the Borrower or any of its Subsidiaries, in each case, whether held for sale, lease or rental purposes, which are of a type customarily eligible for inclusion in a Qualified Securitization Transaction.
Examples of Eligible Vehicles in a sentence
Eligible Vehicles: Authorized emergency vehicles as described in the California Vehicle Code 165 including, but not limited to fire apparatus, pumpers, ladder trucks, and water tenders.
Eligible Vehicles : All vehicles must comply with Championship/Series Technical Regulations, and those prescribed in the Motorsport UK Yearbook.
This service shall be provided only to Immobilised Eligible Vehicles which have been covered under the Scheme.
Eligible Vehicles exclude models with trim designations 1SL (for GMC models only), 1SM, 1SV, 1VL, 1L0 or 2SA.
Should Volkswagen fail to acquire7 the necessary regulatory approvals, Class Members who own or lease Eligible Vehicles and8 elected option two shall have the opportunity to sell their car or terminate their lease, or to9 withdraw from the Class.
More Definitions of Eligible Vehicles
Eligible Vehicles means the motor vehicle inventory of Avis or any of its Subsidiaries, in each case, whether held for sale, lease or rental purposes which are of a type customarily eligible for inclusion in a Qualified Securitization Transaction.
Eligible Vehicles means (a) Eligible Appraised Vehicles, and (b) Eligible Non-Appraised Vehicles.
Eligible Vehicles means the motor vehicle inventory of Xxxx, Xxxx Fleet or any of their respective Subsidiaries, in each case, whether held for sale, lease or rental purposes which are of a type customarily eligible for inclusion in a Qualified Securitization Transaction.
Eligible Vehicles means all new 2013, 2014, and 2015 Mitsubishi Motors vehicles sold or leased and properly reported each month during Program Period. Eligible Vehicles must be reported with sales type 01, 02, 03, 04, 54, 55, 56, or 57. RDRs for all Eligible Vehicles must be submitted in accordance with the current RDR policy, including the correct customer name, customer address and date of sale. Any vehicle that is subsequently identified with incorrect customer information or sale date, or where an RDR is subsequently cancelled, is no longer an Eligible Vehicle.
Eligible Vehicles means Vehicle(s) that satisfy the following conditions: (a) the costs for the acquisition of the Vehicles by Funding Recipient constitute Eligible Costs, (b) the Vehicle(s) may be paid for with funds appropriated by the City in its Capital Budget, (c[d1]) the Vehicle(s) are not subject to any lease arrangement, title retention agreement, purchase money mortgage or other Lien, (d) the Vehicle(s) have an expected useful life of at least five (5) years from the date of purchase, (e) the Vehicle(s) are new, are road-worthy and fit for all purposes for which they were purchased, and comply with all applicable Requirements, (f) the Vehicle(s) are protected by manufacturer’s and/or vendor’s warranties, and (g) the Vehicles are procured in accordance with the requirements of Article 4 hereof.
Eligible Vehicles means Vehicle(s) that satisfy the following conditions: (a) the Vehicle(s) may be paid for with funds appropriated by the City in its Capital Budget, (b) the Vehicle(s) are not subject to any lease arrangement, title retention agreement, purchase money mortgage or other Lien, (c) the Vehicle(s) have an expected useful life of at least [five (5) years] [or ten (10) years for ambulances] from the date of purchase, (e) the Vehicle(s) are new, are road-worthy and fit for all purposes for which they were purchased, and comply with all applicable Requirements, and (f) the Vehicle(s) are protected by manufacturer’s and/or vendor’s warranties.
Eligible Vehicles means all titled vehicles, including automobiles, vans, trucks and trailers which (i) are owned solely by a Borrower and with respect to which such Borrower has good, valid and marketable title; (ii)(A) are subject to a valid, enforceable and first priority perfected Lien in favor of the Agent (and no other Liens other than Permitted Inchoate Liens) or (B) with respect to titled vehicles for which the physical title has been delivered to the Agent (or its designee), will be, upon completion of applicable filings and processing, subject to a valid, enforceable and first priority perfected Lien in favor of the Agent (and no other Liens other than Permitted Inchoate Liens) (the "In Process Titled Vehicles"); provided, however, that following delivery to the Agent (or its designee) of any such physical title, if a valid, enforceable and first priority perfected Lien in favor of the Agent in the related titled vehicle has not been obtained within ninety (90) days following the delivery thereof to the Agent (or its designee), the related titled vehicle shall be excluded from Eligible Vehicles until such time as each of the other provisions of this definition (including clause (ii)(A) above) have been satisfied for such titled vehicle; (iii) are located in the United States; (iv) are not obsolete, permanently inoperative, or unfit for their intended use; and (v) have not otherwise been classified as Rental Machinery and Equipment or Serialized Inventory Held for Resale subject to the lien of the Senior Secured Note Security Agreement, and which otherwise conform to the representations and warranties contained herein and in the Security Agreement. In addition to the foregoing, Eligible Vehicles shall include such vehicles of such Borrower as such Borrower shall request and that the Agent, in its reasonable discretion, approves in advance, in writing.