Dealer Note definition

Dealer Note means a note and security agreement in the form of the Originator’s form Demand Promissory Note and Security Agreement and any other promissory note issued by an Obligor in favor of AFC or the applicable Originating Lender.

Dealer Note means a Demand Promissory Note and Security Agreement and any other promissory note issued by an Obligor in favor of AFC.

Dealer Note means, with respect to a Floorplan Loan, the note executed by the Dealer evidencing indebtedness in connection with the purchase of Manufactured Homes for inventory pursuant to a Dealer Financing Agreement. There shall be one Dealer Note for each Floorplan Loan, regardless of the number of Manufactured Homes financed.

Examples of Dealer Note in a sentence

• For all purposes of this Indenture Supplement, in the performance of its duties or obligations hereunder or in the performance of any duties or obligations of Navistar Financial Dealer Note Master Owner Trust hereunder, the Master Owner Trust Trustee shall be subject to, and entitled to the benefits of, the terms and provisions of the Master Owner Trust Agreement.

• An amount equal to the Investor Dealer Note Losses, if any, for such Due Period shall be reimbursed by being treated as Investor Principal Collections for such Transfer Date.

• As described in the Registration Statement, the Certificates will be issued by Navistar Financial Dealer Note Master Trust (the "Master Trust").

• Notwithstanding the foregoing, in the event that the balance due and owing on the Dealer Note or prior to the seventh (7th) anniversary of the date of this Agreement, the terms of the Operating Covenant shall be reduced to fifteen (15) years from date of this Agreement.

• The Servicer shall, prior to the sale or transfer to a third party of any dealer note held in its custody, examine its computer and other records to determine that it is not a Dealer Note.

More Definitions of Dealer Note

Dealer Note means a promissory note acquired by NFC to finance (i) a Navistar Vehicle or an OEM Vehicle purchased by a Dealer or (ii) a used medium or heavy-duty truck or a new or used trailer for which NFC chooses to provide financing to a Dealer. When used herein, unless the context otherwise requires, "Dealer Notes" shall refer to those Dealer Notes which are held by the Master Trust.

Dealer Note means a Demand Promissory Note and Security Agreement, a Promissory Note and Floorplan Agreement and any other promissory note issued by an Obligor in favor of AFC.

Dealer Note means any payment obligation, which may be represented by a promissory note or other instrument, acquired by NFC to finance (i) a Navistar Vehicle or an OEM Vehicle purchased by a Dealer or (ii) a used truck, truck chassis, bus, bus chassis or trailer or a new trailer for which NFC chooses to provide financing to a Dealer. When used herein, unless the context otherwise requires, “Dealer Notes” shall refer to those Dealer Notes which are held by the Issuing Entity.

Dealer Note has the meaning specified in the Pooling and Servicing Agreement.

Dealer Note means a dealer note or other promissory note or writing to evidence any or all Obligations owed to Secured Party.

Dealer Note means a promissory note acquired by NFC to finance (i) an International Vehicle or an OEM Vehicle purchased by a Dealer or (ii) a used truck, truck body, bus or trailer or a new trailer for which NFC chooses to provide financing to a Dealer. When used herein, unless the context otherwise requires, "Dealer Notes" shall refer to those Dealer Notes which are held by the Master Trust. Clause (v) of the definition of "Eligible Dealer Note" in SECTION 1.01 of the Agreement is hereby deleted in its entirety and replaced with the following:

Dealer Note means a promissory note evidencing a Dealer Loan, ----------- secured by Dealer Collateral, and Advances under which shall amortize monthly with equal payments of principal, together with interest thereon on a 15, 18 or 21 month (or longer or shorter, as may be approved by Lender) schedule.