Financed Inventory definition

Financed Inventory means any inventory of the Dealer which is supplied or financed by the Supplier;

Financed Inventory has the meaning set forth in Section 2(b).

Financed Inventory means each piece of inventory contained in the most recent schedule of inventory provided in conjunction with the most recent Credit Line Certificate.

Examples of Financed Inventory in a sentence

• All perfected purchase money security interests granted by the Dealer to the Supplier in the Financed Inventory will have priority over any security interest that ATB now or hereafter has in the Financed Inventory.

• Subject to Section 8, the Supplier will be entitled, in priority to any security interest of ATB, to all proceeds and accounts of the Dealer arising out of the sale or lease by the Dealer of the Financed Inventory and against which the Supplier has a perfected purchase money security interest.

• The Supplier will not be entitled to claim any funds that ATB has paid out, or set aside to pay out, prior to receipt of such notice; and with respect to the proceeds of sale or lease of each item of Financed Inventory, the priority of the Supplier will not extend to any amount in excess of the amount actually owed to the Supplier under the purchase money security interest secured against that item of Financed Inventory.

• Upon agreeing to finance an item of Financed Inventory, CPC will send Reseller Agent a TS, identifying such Financed Inventory and if not otherwise provided herein, the interest rate applicable to such Financed Inventory.

• With respect to Financed Inventory, Resellers will immediately pay CPC the principal Indebtedness on the earliest occurrence of any of the following events: (a) on the Payment Due Date, and (b) immediately when the Inventory is lost, stolen or damaged (collectively, the “Loss Date”).

More Definitions of Financed Inventory

Financed Inventory is defined in Section 2.1.1(a)(ii). Financed Inventory stops being Financed Inventory (but remains Collateral) when the Inventory Advance made for the Financed Inventory has been fully paid.

Financed Inventory means all inventory (as such term is defined by the Code) acquired or to be acquired by Dealer at any time or from time-to-time from Vendor in the ordinary course of Dealer's business with proceeds of Loans made by FINOVA to, or for the benefit of, Dealer, including, but not limited to Financed Inventory bearing Vendor's trademark, and all additions to and accession of such inventory, including software integrated or installed thereon by Vendor, Dealer or any third party and any of such Financed Inventory returned to or repossessed by Dealer, and all documents of title or other documents representing Financed Inventory.

Financed Inventory is all Eligible Inventory which Bank finances and makes an Inventory Advance, as set forth in Section 2.1.2.

Financed Inventory means all __________ Vehicle Inventory and/or Used Motor Vehicle Inventory held for sale, lease or rent or being possessed for sale, lease or rent in Borrower's business located at the above address or at any other address at which the Borrower shall do business selling ___________ Vehicle Inventory, as now or hereafter conducted, together with all increases, parts, fittings, radios, accessories and special tools now or hereafter affixed to any or any part thereof and all replacements of all or any part thereof.

Financed Inventory means all Used Motor Vehicle Inventory held for sale, lease or rent or being possessed for sale, lease or rent, now held at or hereafter acquired for, Borrower's business located at 200 Xxxxx Xxxxxxxx Xxxxx, Xxxx Xxxx Xxxxx, Xxxxxxx 00000, together with all increases, parts, fittings, radios, accessories and special tools now or hereafter affixed to any or any part thereof and all replacements of all or any part thereof.

Financed Inventory means all New Motor Vehicles, Eligible Used Motor Vehicles, Eligible Demo Motor Vehicles, Eligible Fleet Motor Vehicles, Eligible Program Motor Vehicles, Eligible Loaner Motor Vehicles and any other vehicles acquired with proceeds of the Loan and held for sale, rent or lease, or being processed for sale, rent or lease in the Borrower's business, as now or hereafter conducted, together with all Parts and Accessories, increases, fittings, radios, and special tools now or hereafter affixed to any or any part thereof or used in connection with any thereof, and all replacements of all or any part thereof.

Financed Inventory means New Products and Used Products now or hereafter financed by BMO.