Eligible Vehicles definition

Eligible Vehicles means, at any time, the Equipment of a Loan Party consisting of trucks, vans and other vehicles used to transport home heating oil, diesel fuel and other petroleum derivative products and other Inventory (other than propane and natural gas), or are used primarily in connection with the provisions of service to customers, which the Agent determines in its Permitted Discretion is eligible as the basis for Credit Extensions hereunder and as to which all of the following requirements have been fulfilled to the reasonable satisfaction of the Agent:

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Eligible Vehicles means the motor vehicle inventory of Avis or any of its Subsidiaries, in each case, whether held for sale, lease or rental purposes which are of a type customarily eligible for inclusion in a Qualified Securitization Transaction.

Eligible Vehicles means Vehicles that Dealership acquired by any means, excluding each Exception Vehicle.

Examples of Eligible Vehicles in a sentence

• The Lessor shall lease to the Lessees, and the Lessees shall lease from the Lessor, only Vehicles that are Eligible Vehicles.

• Each Lessee agrees that all vehicles ordered as provided herein shall be Eligible Vehicles and shall be ordered utilizing the procedures consistent with the applicable Vehicle Disposition Program or any guidelines of the Manufacturer, auction or dealer, as applicable, for the ordering or purchasing of Non-Program Vehicles, in each case as and to the extent applicable.

• The proceeds from the initial sale of the Series 2010-6 Notes were deposited in the Collection Account and were paid to ABRCF and used to make Loans under the Loan Agreements to the extent that the Borrowers had requested Loans thereunder and Eligible Vehicles were available for acquisition or refinancing thereunder on the date of the Original Series 2010-6 Supplement.

• Each Lessee or any related lessee under a Sublease, as applicable, may accept or reject Eligible Vehicles upon delivery in accordance with such Lessee’s customary business practices, and any Eligible Vehicle, if rejected, will be deemed a Casualty hereunder.

• For the avoidance of doubt, a breach by the French Fleetco of the obligation to ensure the aggregate Net Book Value of Non-RCC Compliant Eligible Vehicles shall be equal to or less than thirty (30) per cent.

More Definitions of Eligible Vehicles

Eligible Vehicles means (a) Eligible Appraised Vehicles, and (b) Eligible Non-Appraised Vehicles.

Eligible Vehicles means the motor vehicle inventory of the Company and its Restricted Subsidiaries, in each case, whether held for sale, lease or rental purposes together with service vehicles.

Eligible Vehicles means the motor vehicle inventory of ▇▇▇▇, ▇▇▇▇ Fleet or any of their respective Subsidiaries, in each case, whether held for sale, lease or rental purposes which are of a type customarily eligible for inclusion in a Qualified Securitization Transaction.

Eligible Vehicles means all new 2013, 2014, and 2015 Mitsubishi Motors vehicles sold or leased and properly reported each month during Program Period. Eligible Vehicles must be reported with sales type 01, 02, 03, 04, 54, 55, 56, or 57. RDRs for all Eligible Vehicles must be submitted in accordance with the current RDR policy, including the correct customer name, customer address and date of sale. Any vehicle that is subsequently identified with incorrect customer information or sale date, or where an RDR is subsequently cancelled, is no longer an Eligible Vehicle.

Eligible Vehicles means Vehicle(s) that satisfy the following conditions: (a) the Vehicle(s) may be paid for with funds appropriated by the City in its Capital Budget, (b) the Vehicle(s) are not subject to any lease arrangement, title retention agreement, purchase money mortgage or other Lien, (c) the Vehicle(s) have an expected useful life of at least [five (5) years] [or ten (10) years for ambulances] from the date of purchase, (e) the Vehicle(s) are new, are road-worthy and fit for all purposes for which they were purchased, and comply with all applicable Requirements, and (f) the Vehicle(s) are protected by manufacturer’s and/or vendor’s warranties.

Eligible Vehicles means, at any time, the Equipment of a Loan Party consisting of trucks, vans and other vehicles used to transport home heating oil, diesel fuel and other petroleum derivative products and other Inventory (other than propane and natural gas), or are used primarily in connection with the

Eligible Vehicles means Vehicle(s) that satisfy the following conditions: (a) the costs for the acquisition of the Vehicles by Funding Recipient constitute Eligible Costs, (b) the Vehicle(s) may be paid for with funds appropriated by the City in its Capital Budget, (c[d1]) the Vehicle(s) are not subject to any lease arrangement, title retention agreement, purchase money mortgage or other Lien, (d) the Vehicle(s) have an expected useful life of at least five (5) years from the date of purchase, (e) the Vehicle(s) are new, are road-worthy and fit for all purposes for which they were purchased, and comply with all applicable Requirements, (f) the Vehicle(s) are protected by manufacturer’s and/or vendor’s warranties, and (g) the Vehicles are procured in accordance with the requirements of Article 4 hereof.