Loan Vehicle definition
Examples of Loan Vehicle in a sentence
In the event insurance is rendered invalid by any action of the Customer then the Customer shall be liable to Pit Stop for the full cost of repairing or replacing the Loan Vehicle (whichever is the lesser).
In the event that the Loan Vehicle is not returned in clean condition then Pit Stop reserves the right to charge the Customer for all costs Pit Stop incurs in cleaning the Loan Vehicle.
All payments made by the Borrower hereunder, whether relating to a Vehicle Purchase Loan, Vehicle Purchase Loan Interest, Ancillary Vehicle Loan, Ancillary Vehicle Loan Interest, Letter of Credit, LC Loan, LC Interest, A/R Loan, A/R Loan Interest, Prepayment Fee or otherwise, will be made without setoff, counterclaim, deduction or other defense.
The Company has not received notice of redemption of any Collateralized Loan Vehicle.
No “event of default” exists under the indenture relating to any Collateralized Loan Vehicle.