Franchised dealer definition

Franchised dealer means a person who:
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Franchised dealer means a licensed dealer who holds a franchise agreement or more with a licensed manufacturer or distributor to sell new motorized vehicles of a type to be registered and has received approval from the Department.
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Franchised dealer. ’ means a person who in the
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Examples of Franchised dealer in a sentence

  • The 410,245 shares of Common Stock that may be issued and sold pursuant to the Company’s Franchised Dealer Stock Ownership Plan (the “Plan”) to be the subject of a Prospectus Supplement to be filed by the Company, have been duly authorized and, when paid for in accordance with the provisions of the Plan, including the Company’s receipt of consideration therefor in an amount not less than the par value thereof, will be validly issued, fully paid and nonassessable.

  • A Franchised Dealer Stock Ownership Plan participation form must be signed and delivered to the Corporation during the month of May in the Plan Year.


More Definitions of Franchised dealer

Franchised dealer means any person who holds a franchised motor vehicle dealer's general distinguishing number issued by the Department pursuant to the terms of Chapter 503, Transportation Code, and who is engaged in the business of buying, selling, or exchanging new motor vehicles and servicing or repairing motor vehicles pursuant to the terms of a franchise and a manufacturer's warranty at an established and permanent place of business pursuant to a franchise in effect with a manufacturer or distributor.
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Franchised dealer means (1) an automobile dealer operating in Canada pursuant to a franchise agreement with an automobile manufacturer, or (2) an Independent Dealer whose obligations to Borrower are guaranteed by a Franchised Dealer affiliated therewith.
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Related to Franchised dealer

  • Vehicle dealer means a person engaged in the business of buying, selling, or exchanging a vehicle as defined in Subsection (138).

  • Wholesale dealer means any dealer who deals in, or who holds a licence under any law to deal in, as the case may be, wholesale quantities of goods, and the business and stock of a wholesale dealer shall be deemed to include the business and stocks of any retail dealer who conducts business on the same premises on which the wholesale dealer conducts his or her business; and

  • Distributor means a person who distributes.

  • Manufactured home dealer means any person, firm or

  • Reseller is a category of CLECs who purchase the use of Finished Services for the purpose of reselling those Telecommunications Services to their End User Customers.

  • Dealer-operator means the individual who works at the established place of business of a dealer

  • Relevant Dealer means, in respect of any Variable Rate Note, the Dealer party to the Programme Agreement referred to in the Agency Agreement with whom the Issuer has concluded or is negotiating an agreement for the issue of such Variable Rate Note pursuant to the Programme Agreement;

  • Dealer means a dealer who sold a Financed Vehicle and who originated and assigned the respective Receivable to AmeriCredit or an Originating Affiliate under a Dealer Agreement or pursuant to a Dealer Assignment.

  • Vendor or “Vendors” means any entity submitting a bid in response to the Solicitation, the entity that has been selected as the lowest responsible bidder, or the entity that has been awarded the Contract as context requires.

  • Renminbi Dealer means an independent foreign exchange dealer of international repute active in the Renminbi exchange market in Hong Kong reasonably selected by the Issuer.

  • Retail dealer means a person engaged in the business of storing and dispensing motor fuel from a motor fuel pump for sale on a retail basis, regardless of whether the motor fuel pump is located at a retail motor fuel site including a permanent or mobile location.