Auto Loan definition

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

• The Seller has not taken any action to convey any right to any Person that would result in such Person having a right to payments received under the related Insurance Policies or the related Dealer Agreements, Auto Loan Purchase and Sale Agreements, Dealer Assignments or Third-Party Lender Assignments or to payments due under such Receivables.

• AmeriCredit has not taken any action to convey any right to any Person that would result in such Person having a right to payments received under the related Insurance Policies or the related Dealer Agreements, Auto Loan Purchase and Sale Agreements, Dealer Assignments, or Third-Party Lender Assignments or to payments due under such Receivables.

• For the International Auto Loan Worksheet, see the instructions for Worksheet1.

• The Certificate, upon issuance, will be issued in the form of a typewritten Certificate, substantially in the form of Exhibit A hereto, representing a definitive Certificate and shall be registered in the name of “Volkswagen Public Auto Loan Securitization, LLC” as the initial registered owner thereof.

• For the US Auto Loan Worksheet, see instructions for Worksheet 2.

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, 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 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 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) 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 Loan that is secured by a security interest in a motor vehicle.