Financed Asset definition

Financed Asset means any property or asset newly-purchased from a third party other than an Affiliate of Diamond Resorts Corporation.

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Financed Asset means a new and used automobile, light-duty truck, motorcycle, recreational vehicle, van, minivan or sport utility vehicle, together with all accessions thereto, securing an Obligor's indebtedness under the related Contract.

Financed Asset means, as the context requires, all or any portion of the Project financed with proceeds of the Lease Agreement, as described on Exhibit C hereto.

Examples of Financed Asset in a sentence

• Not use or permit any proceeds of any Loan to be used, either directly or indirectly, for the purpose, whether immediate, incidental or ultimate, of “purchasing or carrying” any Margin Stock nor use any proceeds of any Loan to be used for any purpose other than acquisition of a Financed Asset.

• Notwithstanding the Termination Date or any Advance Repayment Date, in the event any Financed Asset is included as collateral for a TOB Financing or TEBS Transaction or any other debt financing transaction undertaken by the Borrower, the Advance associated with such Financed Asset shall be repaid in full no later than two (2) Business Days following the closing of such transaction.

• Notwithstanding the release of any individual Financed Asset, the Lien on the Pledged Account and all other Financed Assets, shall remain effective.

• For the avoidance of doubt, the parties agree that the Agent shall not be permitted to approve any Advance (i) for any purpose other than acquisition of a Financed Asset; or (ii) which, in the determination of the Agent after reviewing the reports required under Section 2.2, exceeds the Advance Limitation.

• The Borrower hereby acknowledges and agrees that the amount of any requested Advance of Revolving Loans shall be used exclusively for acquisition of a Financed Asset.

More Definitions of Financed Asset

Financed Asset means any property or asset newly-purchased from a third party other than an Affiliate of DRC.

Financed Asset means an (automobile, light-duty truck), (recreational -------------- vehicle), (boat, boat motor, and accompanying travellers) together with all accessions thereto, securing an Obligor's indebtedness under the respective Receivable.

Financed Asset means a new or used (automobile, light-duty truck), -------------- (recreational vehicle), (boat, boat motor and any accompanying travellers), together with all accessions thereto, securing an Obligor's indebtedness under the respective Receivable.

Financed Asset means a particular asset acquired by Borrower with an Advance made by Bank to Borrower.

Financed Asset means, as applicable, a Financed Boat or a Financed Vehicle.

Financed Asset means either the Financed Vehicle or the Financed Spare Parts, as applicable.

Financed Asset means an automobile, light-duty truck together with all accessions thereto, securing an Obligor's indebtedness under the respective Receivable.