Auto Loan means any loan in respect of a Financed Vehicle, originated by the Seller in its ordinary course of business, including the right to claim and receive Loan Instalments from the relevant Debtor in accordance with a Loan Contract, together with any and all present and future ancillary rights and obligations under the relevant Loan Contract;
Auto Loan means all automobile loans or leases presently and hereafter owned by Borrowers, set forth in a written report or in computer discs, from time to time, delivered to Lender, which computer discs shall be in the current format or any other format acceptable to Lender, together with each Auto Contract, chattel paper, instrument, document, general intangible, guarantee and all collateral security held with respect to such loans.
Auto Loan set forth in the recitals hereto.
Examples of Auto Loan in a sentence
For the US Auto Loan Worksheet, see instructions for Worksheet 2.
For the International Auto Loan Worksheet, see the instructions for Worksheet1.
With respect to the administration of the Auto Loan Receivables and other related business delegated by the Trustee of the First Trust to the Servicer and the Sub-Servicer, See Part 2 (Information Regarding the Trust Assets), II.
Risk associated with Insolvency Proceedings relating to the Trustee of the First Trust and Trustee of the Second TrustIn accordance with Article 25 of the Trust Act, when the Trustees of the First Trust and the Trustee of the Second Trust (collectively, the “ Trustee”) commences Insolvency Proceedings, the Auto Loan Receivables and cash in the Trust Assets will not be included in the bankruptcy estate, rehabilitating debtor’s assets or the reorganizing company’s assets.
The main assets of the First Trust, the Auto Loan Receivables, are to be entrusted by the Trustor of the First Trust on the Trust Commencement Date.
More Definitions of Auto Loan
Auto Loan means a fixed-rate, closed-end consumer installment automobile loan which finances the purchase of a new or used automobile, light-duty truck or van, which loan is secured by a lien and security interest in such financed vehicle.
Auto Loan means a consumer loan arising from the sale of an Automobile and conveyed to the Trust by the Sponsor as part of the Trust Assets, and includes, without limitation, (a) the related Assignment, (b) all security interests or liens and property subject thereto from time to time purporting to secure payment by the Obligor thereunder, (c) all guarantees, indemnities and warranties, insurance policies (but not including the Insurance Policies), certificates of title or other title documentation and other agreements or arrangements of whatever character from time to time supporting or securing payment of such Auto Loan, (d) all collections and records with respect to the foregoing, and (e) all proceeds of any of the foregoing.
Auto Loan means a fixed-rate, fully amortizing, closed-end installment loan (bearing interest calculable on a simple interest basis or based upon the Rule of 78s arising from the sale of a new or used automobiles and light-duty trucks and vans to a consumer which includes, without limitation, (i) all security interests or liens and property subject thereto from time to time purporting to secure payment by the obligor thereunder, including, without limitation, AutoBond's rights under the related dealer agreement, (ii) all guarantees, indemnities and warranties, insurance policies, certificates of title and other agreements or arrangements of whatever character from time to time supporting or securing payment of such loan, (iii) all collections and records with respect to the foregoing and (iv) all proceeds of any of the foregoing.
Auto Loan means a fixed-rate, fully amortizing, closed-end installment loan (bearing interest calculable on a simple interest basis or based upon the Rule of 78s) arising from the sale of a new or used Vehicle to a consumer which includes, without limitation, (a) all security interests or liens and property subject thereto from time to time purporting to secure payment by the obligor thereunder, including, without limitation, Monaco's or the Originator's rights under the related Dealer Agreement, (b) all guarantees, indemnities and warranties, insurance policies, certificates of title and other agreements or arrangements of whatever character from time to time supporting or securing payment of such loan, (c) all collections and records with respect to the foregoing and (d) all proceeds of any of the foregoing.
Auto Loan means a consumer Automobile loan, including installment sales contracts, arising from the sale of Automobiles.
Auto Loan means a fixed-rate, fully amortizing, closed-end installment loan (bearing interest calculable on a simple interest basis or based upon the Rule of 78s, as set forth in Section 2(m) of the Loan Acquisition Agreement) arising from the sale of a new or used automobiles and light-duty trucks to a consumer which includes, without limitation, (i) all security interests or liens and property subject thereto from time to time purporting to secure payment by the obligor thereunder, including, without limitation, AutoBond's rights under the related dealer agreement, (ii) all guarantees, indemnities and warranties, insurance policies, certificates of title and other agreements or arrangements of whatever character from time to time supporting or securing payment of such loan, (iii) all collections and records with respect to the foregoing and (iv) all proceeds of any of the foregoing.
Auto Loan means, in respect of an Auto Loan Agreement, the loan granted by the Seller to the relevant Borrower under such Auto Loan Agreement.