Floor Plan Vehicle or Unit definition

Floor Plan Vehicle or Unit means any Floor Plan Unit or Permitted Company Vehicle.
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Floor Plan Vehicle or Unit means any Floor Plan Unit, Floor Plan Used Vehicle or Permitted Company Vehicle.
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Examples of Floor Plan Vehicle or Unit in a sentence

  • The Borrowers shall pay in full the Floor Plan Loans made with respect to any Floor Plan Vehicle or Unit within one (1) Business Day after such Floor Plan Vehicle or Unit ceases to qualify as an Eligible New Floor Plan Unit, Eligible Used Floor Plan Unit, Eligible Rental Floor Plan Unit, or Permitted Company Vehicle, as the case may be, as initially identified and financed under the Floor Plan Loans.

  • Each notice (such notice, a “ Floor Plan Borrowing Notice ”) shall specify the date of the Loan requested (which must be a Business Day), the Borrower to which the proceeds of such Floor Plan Loan should be made available, and the amount of such Floor Plan Loan, and shall be accompanied by the Company’s inventory worksheet and a copy of the title of each Eligible Floor Plan Vehicle or Unit to be financed by such Floor Plan Loan.

  • To the extent that any Floor Plan Vehicle or Unit is Out Of Balance, the Borrowers shall immediately pay to the Administrative Agent for the accounts of the Lenders such sums as are necessary so that the outstanding balance of the Floor Plan Loans allocable to each such Floor Plan Vehicle or Unit is paid in accordance with Sections 2.01.6, 2.01.7, 2.01.8, and 2.01.9.

Related to Floor Plan Vehicle or Unit

  • construction vehicle means a vehicle used as a means of conveyance for transporting persons or material, or persons and material, on and off the construction site for the purposes of performing construction work" construction work" means any work in connection with-

  • Heavy Vehicle has the meaning given to it in the HNVL.

  • All-terrain vehicle means either of the following:

  • Unladen vehicle means a vehicle without a driver, or passenger, and unladen, but with its fuel tank full and its normal complement of tools;

  • Junk vehicle means a vehicle of any age that is damaged or defective in any one or combination of any of the following ways that either makes the vehicle immediately inoperable, or would prohibit the vehicle from being operated in a reasonably safe manner upon the public streets and highways under its own power if self-propelled, or while being towed or pushed, if not self-propelled:

  • Rental Vehicle means a New Vehicle less than two years old owned by a New Vehicle Borrower and purchased directly from a manufacturer as a New Vehicle and that is used as a service loaner vehicle or is periodically subject to a rental contract with customers of the New Vehicle Borrower for loaner or rental periods of up to thirty (30) consecutive days or is used by dealership personnel in connection with parts and service operations.

  • Zero-emission vehicle means a motor vehicle that is exclusively propelled by electricity or hydrogen from an external source.

  • Partnership Unit means a fractional, undivided share of the Partnership Interests of all Partners issued hereunder. The allocation of Partnership Units among the Partners shall be as set forth on Exhibit A, as may be amended from time to time.

  • All-terrain type I vehicle means the same as that term is defined in Section 41-22-2.

  • Residential Unit means a home, apartment, residential condominium unit or mobile home, serving as the principal place of residence.

  • Foreign vehicle means every motor vehicle, trailer, or semitrailer that is brought into the

  • Subject Vehicle means the vehicle being tested.

  • Securitization Vehicle shall have the meaning assigned to such term in the definition of “Qualified Institutional Lender.”

  • base vehicle means any vehicle which is used at the initial stage of a multi-stage type-approval process;