Purchased Auto Loan definition

Purchased Auto Loan means any Auto Loan and all rights and obligations under the Loan Contract generating the Auto Loan which is sold and assigned or purported to be assigned to the Issuer in accordance with the Auto Portfolio Purchase Agreement;

Purchased Auto Loan means an Auto Loan purchased as of the close of business on the last day of a Collection Period by the Servicer pursuant to Section 3.7, Section 7.1(a) or Section 4.06 of the Indenture or repurchased by the Originator or the Servicer pursuant to Section 2.2 or Section 2.4 hereof.

Purchased Auto Loan means an Auto Loan repurchased by the Seller, Eagle Finance or the Servicer pursuant to Section 3.03.

Examples of Purchased Auto Loan in a sentence

• The fee shall be paid at the time of notification.(b) Notice under this subsection is sufficient if it is deposited in the mail, first class, to the owner or entity filing the foreclosure action.

• Defaulted Auto Loans Any Purchased Auto Loan (which is not a Disputed Auto Loan)which has (a) an amount equivalent to at least six Loan Instalments overdue as indicated in the Monthly Report for the preceding Collection Period (provided, however, that any Loan Instalment which has been deferred during a Payment Holiday shall to that extent not be treated as overdue) or (b) been written-off by the Servicer in accordance with the Credit and Collection Policy (a "Defaulted Auto Loan").

• Purchased Auto Loan means, with respect to a distribution date, an auto loan purchased by the seller or the servicer on or prior to the determination date immediately preceding such distribution date.

• All collections for each Collection Period with respect to each Auto Loan (other than a Purchased Auto Loan) shall be applied as follows.

• Enforcement against a Debtor can only take place if, among other things, the relevant Purchased Auto Loan is in default.

More Definitions of Purchased Auto Loan

Purchased Auto Loan means each Auto Loan purchased hereunder.