Curtailment Date definition

Curtailment Date means, with respect to any Receivable, the date defined as such in the Contract for such Receivable.
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Curtailment Date means (a) with respect to a New Motor Vehicle, one year after the date it is Deemed Floored, (b) with respect to a Fleet Motor Vehicle, thirty (30) days from the date it is Deemed Floored, (c) with respect to a Demonstrator, two hundred ten (210) days from the date it is Deemed Floored, and (d) with respect to a Rental Motor Vehicle the first to occur of (i) two (2) years from the date it is Deemed Floored or (ii) the introduction by the Manufacturer of the third model year for such Motor Vehicle.
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Curtailment Date means (a) with respect to a New Motor Vehicle, one year after the date it is Deemed Floored, (b) with respect to a Fleet Motor Vehicle, thirty (30) days from the date it is Deemed Floored, (c) with respect to a Demonstrator, two hundred ten (210) days from the date it is Deemed Floored, (d) with respect to a Used Motor Vehicle, one hundred twenty (120) days from the date it is Deemed Floored, (e) with respect to a Program Car, one hundred eighty (180) days from the date it is Deemed Floored, and (f) with respect to a Rental Motor Vehicle the first to occur of (y) two (2) years from the date it is Deemed Floored or (z) the introduction by the Manufacturer of the third model year for such Motor Vehicle.
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Examples of Curtailment Date in a sentence

  • If Dealer is in compliance with all other provisions of this Note, AFC may, in its sole discretion, permit an extension of the Curtailment Date relative to an item of Purchase Money Inventory for a Period, upon the payment of Interest, Floorplan Fee(s) and a minimum of Percent ( %) of the outstanding Advance relating to such item of Purchase Money Inventory.

  • Interest shall accrue on the Obligations at a variable rate (based on a 360 day year), adjusted each business day, equal to the prime rate then charged by the Canadian Imperial Bank of Commerce (the “Prime Rate”) plus: Number of Curtailment Date Extensions: The Number of Curtailment Date Extensions shall be limited to: Period: The Period shall be: Executed by the undersigned duly authorized representatives effective as of the .

  • Interest shall accrue on all Advances pursuant to the Note at a variable rate, adjusted each business day, based upon the most recent prime rate charged by the Canadian Imperial Bank of Commerce to its best commercial customers plus: Number of Curtailment Date Extensions: The Number of Curtailment Date Extensions shall be limited to: Period: The Period shall be: Executed by the undersigned duly authorized representatives effective as of the .

  • Dealer shall pay to LENDER at the offices of LENDER the Purchase Money Inventory Obligations and the Obligations, on demand and without notice, with respect to an item of Purchase Money Inventory on the earlier of: (a) forty-eight (48) hours after the disposition by sale or otherwise of an item of Purchase Money Inventory; or (b) the Curtailment Date.

  • RAC shall pay to AFC at the offices of AFC the Purchase Money Inventory Obligations, on demand and without notice, with respect to an item of Purchase Money Inventory on the earliest of: (a) after the disposition by sale or otherwise, excepting disposition pursuant to a Lease Agreement, of an item of Purchase Money Inventory; (b) the Curtailment Date; or (c) the date on which the Mileage Limit is surpassed.

  • If Dealer is in compliance with all other provisions of this Note, LENDER may, in its sole discretion, permit an extension of the Curtailment Date relative to an item of Purchase Money Inventory for a Period, upon the payment of Interest, Floorplan Fee(s) and a minimum of Percent ( %) of the outstanding Advance relating to such item of Purchase Money Inventory.

  • Dealer shall pay to AFC at the offices of AFC all Obligations, on demand and without notice, relating to an item of Purchase Money Inventory on the earlier of: (a) forty-eight (48) hours after the disposition by sale or otherwise of an item of Purchase Money Inventory; or (b) the Curtailment Date.

  • Interest shall accrue on all Advances under this Note at a variable rate, adjusted each business day, based upon the most recent prime rate published in The Wall Street Journal plus: Number of Curtailment Date Extensions: The Number of Curtailment Date Extensions shall be limited to: Period: The Period shall be: Executed by the undersigned duly authorized representatives effective as of the .

  • RAC shall pay to AFC at the offices of AFC all Obligations, on demand and without notice, relating to an item of Purchase Money Inventory on the earlier of: (a) after the disposition by sale or otherwise, excepting disposition pursuant to a Lease Agreement, of an item of Purchase Money Inventory; (b) the Curtailment Date; or (c) the date on which the Mileage Limit is surpassed.

  • If Dealer is in compliance with all other provisions of this Agreement, AFC may, in its sole discretion, permit an extension of the Curtailment Date relative to a Salvage Vehicle, upon the payment of Interest, Floorplan Fee(s), and a minimum of Percent ( %) of the outstanding Advance relating to such Salvage Vehicle.


More Definitions of Curtailment Date

Curtailment Date means (a) with respect to a new Motor Vehicle, one year after the date it is Deemed Floored, (b) with respect to a Fleet Motor Vehicle, thirty (30) days from the date it is Deemed Floored, (c) with respect to a Demonstrator, two hundred ten (210) days from the date it is Deemed Floored, (d) with respect to a Used Motor Vehicle, one hundred twenty (120) days from the date it is Deemed Floored, (v) with respect to a Program Car, one hundred eighty (180) days from the date it is Deemed Floored and (vi) with respect to a Rental Motor Vehicle the first to occur of (y) two (2) years from the date it is Deemed Floored or (z) the introduction by the Manufacturer of the third model year for such Motor Vehicle.
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Curtailment Date means (a) with respect to a New Motor Vehicle, three hundred sixty-five (365) days from the date it is Deemed Floored, (b) with respect to a Rental Motor Vehicle, three hundred sixty-five (365) days from the date it is Deemed Floored, (c) with respect to a Demonstrator, the earlier of (i) three hundred sixty-five (365) days from the date it is Deemed Floored and (ii) the date that such Motor Vehicle no longer qualifies as a Demonstrator, and (d) with respect to a Used Motor Vehicle, one hundred twenty (120) days from the date it is Deemed Floored.
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Curtailment Date means the earlier to occur of (a) the last day of the second month following the acquisition of the last Portfolio Property by an Operating Partnership, or (b) May 31, 2015.
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Related to Curtailment Date

  • Curtailment Period means the period of time, as measured using current Settlement Intervals, during which generation from the Facility is reduced pursuant to a Curtailment Order; provided that the Curtailment Period shall be inclusive of the time required for the Facility to ramp down and ramp up.

  • Curtailment Shortfall For any Distribution Date and for any Curtailment received in the Prior Period, an amount equal to one month’s interest on such Curtailment at the Pass-Through Rate for the applicable Mortgage Loan.

  • Curtailment Any Principal Prepayment made by a Mortgagor which is not a Principal Prepayment in Full.

  • Buyer Curtailment Period means the period of time, as measured using current Settlement Intervals, during which Seller reduces generation from the Project pursuant to (a) Buyer Bid Curtailment or (b) a

  • Monthly Date means the last Business Day of each calendar month.