Financed Asset definition

Financed Asset means a (recreational vehicle), (boat, boat motor, and accompanying trailers) together with all accessions thereto, securing an Obligor's indebtedness under the respective Receivable.

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

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

• RinitIt is unfair to directly compare the reconstruction errors (Eq. (9)) of different methods, since their values are calculated by different metrics.

• All recoveries under any such policy of insurance with respect to a Financed Asset constituting real estate shall be applied first to the payment of interest due on unpaid principal of the Loan and the remainder shall be applied to the prepayment of installments of principal in the inverse order of their maturities pursuant to the Note.

• A Financed Asset may only include real estate either with existing or to-be-constructed multi-family property improvements, taxable or tax-exempt mortgage revenue bonds, taxable or tax-exempt loans (whether made directly to a borrower or indirectly through a governmental entity), which finance the acquisition, rehabilitation, or construction of affordable housing or which are otherwise secured by real estate or mortgage backed securities.

• The Revolving Loan and Borrower’s indebtedness to Bank for amounts borrowed thereunder shall be evidenced by the Revolving Note and shall be subject to the additional terms set forth in this Section 2.1. All Advances shall be made in the sole and absolute discretion of Bank upon approval by Bank of the information provided with respect to a particular Financed Asset to be acquired by Borrower with an Advance, and Bank shall not be obligated to make any Advance.

• With respect to any Financed Asset constituting real estate, Bank shall be named as loss payee on the corresponding hazard insurance policy and an additional insured on the corresponding liability policy and such policies shall be payable to Bank and Borrower as their interests appear.

More Definitions of Financed Asset

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

Financed Asset means the Personal Property financed with proceeds of the Lease Agreement, as described on Exhibit C hereto.

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

Financed Asset means, with respect to each Seller and/or Borrower, individually and as applicable, all of such Seller's and/or Borrower's right, title and interest in and to the following:

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.