Consumer Warehouse Assets definition

Consumer Warehouse Assets means indebtedness and obligations (including related assets such as accounts receivable, notes, lease receivables, chattel paper, payment intangibles or other payment obligations) owing to or owned by the Consumer Warehouse Subsidiary or any interest in any of the foregoing, together, in each case, with any collections and other proceeds thereof, any collection or deposit account related thereto, and any collateral, security agreements, guarantees or other property or claims, in each case, supporting or securing payment by the obligor thereon of, or otherwise related to any such indebtedness and/or receivables.
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Consumer Warehouse Assets means indebtedness and obligations (including related assets such as accounts receivable, notes, lease receivables, chattel paper, payment intangibles or other payment obligations) owing to or owned by the Consumer Warehouse Subsidiary or any interest in any of the foregoing, together, in each case, with any collections and other proceeds thereof, any collection or deposit account related thereto, and any collateral, security agreements, guarantees or other property or claims, in each case, supporting or securing payment by the obligor thereon of, or otherwise related to any such indebtedness and/or receivables. “Consumer Warehouse Debt” means Indebtedness incurred pursuant to the Consumer Warehouse Facility. “Consumer Warehouse Facility” means the debt facility entered into by a Consumer Warehouse Subsidiary pursuant to the Consumer Warehouse Loan Documents for the purpose of financing the origination of Consumer Warehouse Assets (or assets intended to become Consumer Warehouse Assets), which meets the following conditions: (a) the Borrower shall have determined in good faith that the Consumer Warehouse Facility (including financing terms, covenants, termination events and other provisions) is in the aggregate economically fair and reasonable to the Borrower and its Restricted Subsidiaries; (b) the financing terms, covenants, termination events and other provisions thereof shall be market terms (as determined in good faith by the Borrower) and may include Standard Consumer Warehouse Undertakings; and (c) Except for the guaranty and indemnity provided by the Borrower and RumbleOn Finance under the Consumer Warehouse Indemnity Agreement (as in effect on the Second Amendment Effective Date) and (ii) the pledge of the Equity Interests of the Consumer Warehouse Subsidiary by RumbleOn Finance made in favor of, or for the benefit of , the Consumer Warehouse Agent or Consumer Warehouse Lenders under the Consumer Warehouse Pledge Agreement (as in effect on the Second Amendment Effective Date), the Consumer Warehouse Facility shall constitute Non-Recourse Debt. “Consumer Warehouse Indemnity Agreement” means that certain Indemnity Agreement, dated as of the Second Amendment Effective Date, by and among the Borrower, RumbleOn Finance and the Consumer Warehouse Agent, as amended, restated, amended and restated, supplemented or otherwise modified from time to time in accordance with Section 7.08(c). “Consumer Warehouse Lenders” means the lenders providing the Consumer ...
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Related to Consumer Warehouse Assets

  • Consumer goods means goods that are used or bought for use primarily for personal, family, or household purposes.

  • Consumer fireworks means fireworks devices that are designed to produce visible effects by combustion, that are required to comply with the construction, chemical composition, and labeling regulations promulgated by the United States consumer product safety commission under 16 CFR parts 1500 and 1507, and that are listed in APA standard 87-1, 3.1.2, 3.1.3, or 3.5. Consumer fireworks does not include low-impact fireworks.

  • Postconsumer waste means a finished material that would normally be

  • Retail Marijuana means all parts of the plant of the genus cannabis whether growing or not, the seeds thereof, the resin extracted from any part of the plant, and every compound, manufacture, salt, derivative, mixture, or preparation of the plant, its seeds, or its resin, including but not limited to Retail Marijuana Concentrate, that is cultivated, manufactured, distributed, or sold by a licensed Retail Marijuana Business. “Retail Marijuana” does not include industrial hemp, nor does it include fiber produced from stalks, oil, or cake made from the seeds of the plant, sterilized seed of the plant which is incapable of germination, or the weight of any other Ingredient combined with marijuana to prepare topical or oral administrations, food, drink, or other product. If the context requires, Retail Marijuana includes Retail Marijuana Concentrate and Retail Marijuana Product.

  • Regulated motor vehicle surface means any of the following, alone or in combination:

  • Retail marijuana store means an entity licensed to purchase Retail Marijuana from a Retail Marijuana Cultivation Facility and to purchase Retail Marijuana Product from a Retail Marijuana Products Manufacturing Facility and to sell Retail Marijuana and Retail Marijuana Product to consumers.

  • Customer Property ’ means cash, a se- curity, or other property, or proceeds of such cash, security, or property, received, acquired, or held by or for the account of the debtor, from or for the account of a customer—

  • Perishable food means any food that the manufacturer, packer, or retailer, in conjunction with the department, determines to have a significant risk of spoilage, loss of value, or loss of palatability within 90 days of the date of packaging.

  • Motorboat means the same as that term is defined in Section 73-18-2.

  • Consumer-goods transaction means a consumer transaction in which:

  • Consumer advocate means the consumer advocate referred to in Iowa Code chapter 475A.

  • Sewage disposal system means all interceptor sewers, storm sewers, sanitary sewers, combined sanitary and storm sewers, sewage treatment plants, and all other plants, works, instrumentalities, and properties used or useful in connection with the collection, treatment, and disposal of sewage and industrial wastes, and includes a storm water drain system under the jurisdiction and control of a governmental agency.

  • Manufactured home park means any tract of land upon which three or more manufactured or mobile homes used for habitation are parked, either free of charge or for revenue purposes, and includes any roadway, building, structure, vehicle, or enclosure used or intended for use as a part of the facilities of the park. "Manufactured home park" does not include any of the following:

  • Antique motor vehicle means every motor vehicle, as defined in this section, which was actually

  • Private Sewage Disposal System means a system which provides for the treatment or disposal of domestic sewage from four or fewer dwelling units or the equivalent of less than sixteen individuals on a continuing basis.

  • Post-Consumer Waste means any product generated by a business or consumer which has served its intended end use, and which has been separated or diverted from solid waste for the purpose of recycling into a usable commodity or product, and which does not include post-industrial waste.

  • Receivables Related Assets means accounts receivable, instruments, chattel paper, obligations, general intangibles and other similar assets, in each case relating to receivables subject to the Permitted Receivables Facility, including interests in merchandise or goods, the sale or lease of which gave rise to such receivables, related contractual rights, guaranties, insurance proceeds, collections and proceeds of all of the foregoing.

  • Motor vehicle surface means any pervious or impervious surface that is intended to be used by “motor vehicles” and/or aircraft, and is directly exposed to precipitation including, but not limited to, driveways, parking areas, parking garages, roads, racetracks, and runways.

  • In-stream Waste Concentration or "(IWC)" means the concentration of a discharge in the receiving water after mixing has occurred in the allocated zone of influence.

  • Food means a raw, cooked, or processed edible substance, ice, beverage, or ingredient used or intended for use or for sale in whole or in part for human consumption, or chewing gum.

  • Public Vehicle means a Person whose securities are listed and traded on a national securities exchange and shall include a majority owned subsidiary of any such Person or any operating partnership through which such Person conducts all or substantially all of its business.