AFS Financing Agreement(s) definition

AFS Financing Agreement(s) means any agreement between AFS and a customer evidencing a Customer Financing, of which ninety percent (90%) will have a term no longer than 72 months and one hundred percent (100%) will have a term no longer than 84 months, documented under one of several standardized forms of agreement in substantially the form provided to the Administrative Agent with such terms and conditions as determined by AFS in good faith to be commercially reasonable. As of the Amendment No. 3 Effective Date, Administrative Agent has been provided a form of standardized financing lease and conditional sale agreement.
View Source
AFS Financing Agreement(s) means all agreements between AFS and a customer of JLG or any of its Subsidiaries, evidencing a Customer Financing, of which ninety percent (90%) will have a term no longer than 72 months and one hundred percent (100%) will have a term no longer than 84 months.
View Source

Examples of AFS Financing Agreement(s) in a sentence

  • The receivables created by these AFS Financing Agreements will be reflected on the books of AFS.

  • Lenders hereby acknowledge and agree that purchasers of syndicated AFS Financing Agreements will hold Liens against equipment formerly owned by AFS.

  • From and after August 1, 2001, AFS will enter into all AFS Financing Agreements (as defined below) with customers of JLG and its Subsidiaries.

  • Lenders hereby consent to AFS's sale of its interest in AFS Financing Agreements and related equipment and documentation in connection with Recourse Syndications.

  • The AFS Financing Agreements require customers to make scheduled payments to AFS, with additional charges as set forth therein.

  • JLG and AFS have informed Administrative Agent that AFS intends to enter into Non-Recourse Securitizations in connection with the sale of Receivables from AFS Financing Agreements.

  • JLG and AFS have informed Administrative Agent that AFS, JLG or a Subsidiary may be required to provide credit enhancement with recourse in connection with the Securitization or Syndication of certain AFS Financing Agreements.

  • JLG and AFS have informed Administrative Agent that AFS intends to enter into Recourse Securitizations in connection with the sale of Receivables from AFS Financing Agreements.

  • Lenders hereby consent to AFS's sale of its interest in AFS Financing Agreements and related equipment and documentation in connection with Non-Recourse Syndications.

  • The Borrowers, Lenders, Administrative Agent and Syndication Agent have agreed to make certain amendments to the Credit Agreement and grant certain consents under the Credit Agreement, so as to permit the AFS Financing Agreements, to join AFS as a Borrower, and to make certain other amendments to the Credit Agreement, each as set forth herein and subject to the terms and conditions hereof.