Contracts in Transit definition

Contracts in Transit means any right of any Obligor in (i) contracts in transit relating to any Inventory that is a Vehicle or Unit (including any Vehicle or Unit that has been sold, leased or otherwise disposed of by such Obligor), (ii) any written or oral agreement of any finance company or other Person to provide financing for, or to pay all or any portion of the purchase price of any such Vehicle or Unit Inventory (including any Vehicle or Unit Inventory that has been sold, leased or otherwise disposed of by such Obligor) or (iii) any amount to be received under such contracts or agreements.
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Contracts in Transit means very short term receivables, these are receivables from the finance companies that contracted the sale of inventories; however, cash has not yet been received. (This definition is only referenced in the definitions section as part of the definition of other terms and is not referenced in the text of the Agreement.)
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Contracts in Transit means all amounts due to a Borrower from any financial institution on retail finance contracts from vehicle sales, including amounts receivable from wholesale sales (excluding financial institutions or finance companies which are Affiliates of a Borrower). (61) (59) “Contract Period” means the period selected by the applicable Borrower in accordance with Section 3.1(1) commencing on the Drawdown Date, Rollover Date or Conversion Date, as applicable, and expiring on a Business Day, subject to the terms of Section 3.2(3) with respect to XXXXX Loans. (62) (60) “Control” means the possession, directly or indirectly, of the power to direct or cause the direction of the management or policies of a Person, whether through the ability to exercise voting power, by contract or otherwise. “Controlling” and “Controlled” have corresponding meanings. (63) (61) “Conversion” means the conversion of an outstanding Borrowing, or a portion of an outstanding Borrowing, into an alternative type of Borrowing under Section 3.4.
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Examples of Contracts in Transit in a sentence

  • Borrowers' records with respect to Accounts (other than Contracts in Transit) shall be kept or shall be accumulated by Borrowers on a centralized basis at the Company's headquarters.

  • Each Borrower’s records with respect to Accounts (other than Contracts in Transit) shall be kept or shall be accumulated by the Borrowers on a centralized basis at the Company’s headquarters.

  • Orangeburg Subaru, LLC Notes to Financial Statements (Unaudited) Contracts in Transit Contracts in transit relate to amounts due from financial institutions for the portion of the vehicle sales price financed by the Company’s customers.

  • Borrowers’ records with respect to Accounts (other than Contracts in Transit) shall be kept or shall be accumulated by Borrowers on a centralized basis at the Company’s headquarters.

  • Each Borrower's records with respect to Accounts (other than Contracts in Transit) shall be kept or shall be accumulated by the Borrowers on a centralized basis at the Company’s headquarters.

  • Orangeburg Subaru, LLC Notes to Financial Statements Contracts in Transit Contracts in transit relate to amounts due from financial institutions for the portion of the vehicle sales price financed by the Company’s customers.

  • Contracts in Transit Contracts in transit are proceeds due on settlements of sales contracts that have been transferred to a financing institution.

  • Contracts in Transit Contracts in transit relate to amounts due from various lenders for the financing of vehicles sold and are typically received within five days of selling a vehicle.

  • If a unit comes into stock outside of that policy, wholesale immediately and adjustthe Actual Cash Value (ACV) of the car deal that took it in trade.• Use sweep accounts to move excess cash from your checking accounts into investment accounts and include the payroll account to earn on that account’s “float.”• Issue a daily report of all Contracts in Transit and Ve- hicle Receivables to the sales department.

  • But not because somebody uses a swearword or calls somebody a traitor.I don’t think this is just the Com- pliance Unit making work for themselves.


More Definitions of Contracts in Transit

Contracts in Transit means all amounts due to a Borrower from any financial institution on retail finance contracts from vehicle sales, including amounts receivable from wholesale sales (excluding financial institutions or finance companies which are Affiliates of a Borrower). (50) “Contract Period” means the thirty (30) days with respect to CDOR Loans and with respect to Letters of Credit, the period selected by the applicable Borrower in accordance with
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Contracts in Transit means all amounts due to a Borrower from any financial institution on retail finance contracts from vehicle sales, including amounts receivable from wholesale sales (excluding financial institutions or finance companies which are Affiliates of a Borrower).
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Contracts in Transit means, collectively, with respect to each Debtor, all agreements, including all Accounts and Chattel Paper, of third parties to pay the purchase price of vehicles sold to customers, which agreements are not yet funded.
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Related to Contracts in Transit

  • Customer Contracts means any and all Contracts with customers of the Company, including professional services agreements, supply agreements, service agreements, license agreements, maintenance and development agreements and consulting agreements.

  • Business Contracts has the meaning ascribed to it in Section 1.01(a)(v).

  • Government Contracts has the meaning set forth in Section 3.09(a)(viii).

  • Related Contracts is defined in clause (c) of Section 2.1.

  • Assumed Contracts has the meaning set forth in Section 2.1(d).

  • Seller Contracts means all contracts or agreements to which Seller is a party or to which any of its material assets are bound.

  • Assigned Contracts has the meaning set forth in Section 2.01(c).

  • IT Contracts means the contracts (whether or not in writing and including those currently being negotiated) under which any third party provides or will provide any element of, or services relating to, the IT Assets, including leasing, hire purchase, licensing, maintenance, website hosting, outsourcing, security, back-up, disaster recovery, insurance, cloud computing and other types of services agreements.

  • Supply Contracts means contracts having as their object the purchase, lease, rental or hire-purchase, with or without an option to buy, of products. A supply contract may include, as an incidental matter, siting and installation operations;

  • Applicable Contracts has the meaning set forth in Section 2.1(d).

  • Customer Contract means any contract or other agreement for the delivery of goods or performance of services by the Company or any of its Subsidiaries.

  • Third Party Contracts means any agreements entered into by the Retailer and/or the Customer with any third parties, such as the Transmission Licensee and the MSSL, to enable the Retailer to retail electricity to Contestable Consumers. For the purposes of this Electricity Agreement, Third Party Contracts shall include, but is not limited to, the Retailer Use of Systems Agreement, the Market Support Services Agreement, and the Power System Operator•Market Participant Agreement (as defined under the Market Rules);

  • Executory Contracts means executory contracts and unexpired leases as such terms are used in 11 U.S.C. § 365, including all operating leases, capital leases, and contracts to which the Debtor is a party or beneficiary on the Confirmation Date.

  • Assumed Contract means any Executory Contract or Unexpired Lease assumed by the Reorganized Debtors in accordance with Article V of the Plan.

  • Existing Contracts means the existing licenses and contracts given by the Railway Administration / Authority, in relation to commercial establishments, as existing on Station Development Land, as on the date of the Agreement, and as further set out in the Schedules, which shall, for avoidance of doubt, exclude any licenses and/ or contracts in relation to any Excluded Activities and/or Railway Operational Activities;

  • CFD Contract or "CFD" shall mean a contract which is a contract for difference by reference to fluctuations in the price of the relevant security or index;

  • Scheduled Contracts has the meaning set forth in Section 4.16.

  • Specified Contracts has the meaning set forth in Section 4.13(a).

  • Contract Rights means all rights of any Assignor under each Contract, including, without limitation, (i) any and all rights to receive and demand payments under any or all Contracts, (ii) any and all rights to receive and compel performance under any or all Contracts and (iii) any and all other rights, interests and claims now existing or in the future arising in connection with any or all Contracts.

  • Seller Contract any Contract (a) under which Seller has or may acquire any rights or benefits; (b) under which Seller has or may become subject to any obligation or liability; or (c) by which Seller or any of the assets owned or used by Seller is or may become bound.

  • Service Contracts means contracts or agreements, such as maintenance, supply, service or utility contracts.

  • New Contracts means binding new agreements or amendments to existing agreements with customers.

  • Transferred Contracts has the meaning ascribed to it in Section 2.1(c).

  • public works contract means any agreement between any individual, firm or corporation and the State or any political subdivision of the State other than a municipality for construction, rehabilitation, conversion, extension, demolition or repair of a public building, highway or other changes or improvements in real property, or which is financed in whole or in part by the State, including, but not limited to, matching expenditures, grants, loans, insurance or guarantees.

  • Assigned Contract has the meaning set forth in Section 2.2.

  • Customer Assets means the Customer’s infrastructure, data, software, materials, assets, equipment or other property owned by and/or licensed or leased to the Customer and which is or may be used in connection with the provision of the Goods and/or Services;