Motor Vehicle Financing definition

Motor Vehicle Financing means a secured debt financing (whether in the form of a secured financing, a sale and leaseback transaction, a Capitalized Lease or otherwise) to be entered into by one or more North American Subsidiaries of the Borrower collateralized by specified owned Motor Vehicles and related assets, which financing may include (i) one or more tranches of secured debt financings and/or sale and leasebacks of Motor Vehicles, and (ii) one or more put options exercisable by such North American Subsidiary that would require the lender thereunder to purchase specified Motor Vehicles at certain times and agreed upon prices and to lease back such Motor Vehicles to such North American Subsidiary at certain agreed upon rental prices and lease terms; provided that a Newly Acquired Motor Vehicle Financing shall not be a Motor Vehicle Financing.
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Motor Vehicle Financing means a secured debt financing (whether in the form of a secured financing, a sale and leaseback transaction, a Capital Lease Liability or otherwise) to be entered into by one or more U.S. Subsidiaries of Swift Nevada collateralized by specified Motor Vehicles and related assets, which financing (i) may include (x) one or more tranches of secured debt financings and/or sale and leasebacks of Motor Vehicles, and (y) one or more put options exercisable by such U.S. Subsidiary that would require the lender thereunder to purchase specified Motor Vehicles at certain times and agreed upon prices and to lease back such Motor Vehicles to such U.S. Subsidiary at certain agreed upon rental prices and lease terms, and (ii) shall not exceed $500,000,000 over the term of this Agreement and the terms, conditions and documentation of which shall be reasonably satisfactory to the Administrative Agent.
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Motor Vehicle Financing means a secured debt financing to be entered into by one or more Motor Vehicle Subsidiaries and/or the New Motor Vehicles Subsidiary collateralized by specified Motor Vehicles and related assets, which financing may include (a) one or more tranches of secured debt financings and/or sale and leasebacks of Motor Vehicles, or (b) one or more put options exercisable by such Motor Vehicle Subsidiary and/or the New Motor Vehicles Subsidiary that would require the lender thereunder to purchase specified Motor Vehicles collateral at certain times and agreed upon prices and to lease back such Motor Vehicles to such Motor Vehicle Subsidiary and/or the New Motor Vehicles Subsidiary at certain agreed upon rental prices and lease terms.
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Examples of Motor Vehicle Financing in a sentence

  • Seller's Certificate (Motor Vehicle Financing Purchasing Agreement) dated 9/3/99 .

  • Assignment (Motor Vehicle Financing Purchasing Agreement) dated 11/2/99 .

  • Assignment (Motor Vehicle Financing Purchasing Agreement) dated 7/6/99 .

  • Assignment (Motor Vehicle Financing Purchasing Agreement) dated 8/5/99 .

  • Assignment (Motor Vehicle Financing Purchasing Agreement) dated 6/4/99 .

  • Purchase Agreement (Motor Vehicle Financing Purchasing Agreement) dated 6/4/99 .

  • Seller's Certificate (Motor Vehicle Financing Purchasing Agreement) dated 7/6/99 .

  • Assignment (Motor Vehicle Financing Purchasing Agreement) dated 10/1/99 .

  • Seller's Certificate (Motor Vehicle Financing Purchasing Agreement) dated 10/1/99 .

  • Servicing Agreement (Motor Vehicle Financing Purchasing Agreement) dated 6/4/99 .


More Definitions of Motor Vehicle Financing

Motor Vehicle Financing means a facility to finance the purchase of a new vehicle, used car or motorcycle;
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Motor Vehicle Financing means a secured debt financing (whether in the form of a secured financing, a sale and leaseback transaction, a Capitalized Lease or otherwise) to be entered into by one or more North American Subsidiaries of the Borrower collateralized by specified owned Motor Vehicles and related assets, which financing may include (i) one or more tranches of secured debt financings and/or sale and leasebacks of Motor Vehicles, and (ii) one or more put options exercisable by such North American Subsidiary that would require the lender thereunder to purchase specified Motor Vehicles at
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Related to Motor Vehicle Financing

  • Motor vehicle means land vehicles propelled other than by muscular power, such as automobiles, motorcycles, autocycles, and low speed vehicles. For the purposes of this definition, motor vehicle does not include farm equipment, snowmobiles, all-terrain vehicles, motorized wheelchairs, go-carts, gas buggies, golf carts, ski-slope grooming machines, or vehicles that run only on rails or tracks.

  • New motor vehicle means a motor vehicle that:

  • Antique motor vehicle means every motor vehicle, as defined in this section, which was actually

  • Motor vehicle fuel means any petroleum distillate having a Reid vapor pressure of more than four (4) pounds per square inch and that is used to power motor vehicles. Diesel fuel and kerosene are not considered to be motor vehicle fuels.

  • Motor Vehicles means motor vehicles, tractors, trailers and other like property, whether or not the title thereto is governed by a certificate of title or ownership.

  • Electric motor vehicle means a motor vehicle that is powered solely by an

  • Motor vehicle surface means any pervious or impervious surface that is intended to be used by “motor vehicles” and/or aircraft, and is directly exposed to precipitation including, but not limited to, driveways, parking areas, parking garages, roads, racetracks, and runways.

  • Motor vehicle dealer or "dealer" means any person who:

  • Used motor vehicle means a motor vehicle that is not a new motor vehicle.

  • New motor vehicle dealer means a person, including a distributor, that holds a dealer agreement granted by a manufacturer, distributor, or importer for the sale or distribution of its motor vehicles; is engaged in the business of purchasing, selling, exchanging, or dealing in new motor vehicles; and has an established place of business in this state.

  • Motor vehicle salesperson or "salesperson" means any person who is licensed as and employed as a

  • Commercial motor vehicle means a motor vehicle or combination of motor vehicles used in commerce to transport passengers or property if the motor vehicle:

  • Motor vehicle manufacturer means any of the following:

  • Regulated motor vehicle surface means any of the following, alone or in combination:

  • Securitization Financing means any transaction or series of transactions that may be entered into by the Borrower or any of its Subsidiaries pursuant to which the Borrower or any of its Subsidiaries may sell, convey or otherwise transfer to (a) a Securitization Subsidiary (in the case of a transfer by the Borrower or any of its Subsidiaries) or (b) any other Person (in the case of a transfer by a Securitization Subsidiary), or may grant a security interest in, any Securitization Assets of the Borrower or any of its Subsidiaries, and any assets related thereto, including all collateral securing such Securitization Assets, all contracts and all guarantees or other obligations in respect of such Securitization Assets, proceeds of such Securitization Assets and other assets that are customarily transferred or in respect of which security interests are customarily granted in connection with asset securitization transactions involving Securitization Assets.

  • Receivables Financing means any transaction or series of transactions that may be entered into by the Issuer or any of its Subsidiaries pursuant to which the Issuer or any of its Subsidiaries may sell, convey or otherwise transfer to (a) a Receivables Subsidiary (in the case of a transfer by the Issuer or any of its Subsidiaries); and (b) any other Person (in the case of a transfer by a Receivables Subsidiary), or may grant a security interest in, any accounts receivable (whether now existing or arising in the future) of the Issuer or any of its Subsidiaries, and any assets related thereto including, without limitation, all collateral securing such accounts receivable, all contracts and all guarantees or other obligations in respect of such accounts receivable, proceeds of such accounts receivable and other assets which are customarily transferred or in respect of which security interests are customarily granted in connection with asset securitization transactions involving accounts receivable and any Hedging Obligations entered into by the Issuer or any such Subsidiary in connection with such accounts receivable.

  • Used motor vehicle dealer means a person that is engaged in the business of purchasing, selling, exchanging, or dealing in used motor vehicles and that has an established place of business in this state at which it conducts that business. The term does not include a new motor vehicle dealer purchasing, selling, exchanging, or dealing in used motor vehicles as part of its business of purchasing, selling, exchanging, or dealing in new motor vehicles.

  • Uninsured motor vehicle means a land motor vehicle or trailer of any type:

  • Special Purpose Financing means any financing or refinancing of assets consisting of or including Receivables of the Company or any Restricted Subsidiary that have been transferred to a Special Purpose Entity or made subject to a Lien in a Financing Disposition.

  • Permitted Securitization Financing means one or more transactions pursuant to which (i) Securitization Assets or interests therein are sold or transferred to or financed by one or more Special Purpose Securitization Subsidiaries, and (ii) such Special Purpose Securitization Subsidiaries finance (or refinance) their acquisition of such Securitization Assets or interests therein, or the financing thereof, by selling or borrowing against Securitization Assets (including conduit and warehouse financings) and any Hedging Agreements entered into in connection with such Securitization Assets; provided, that recourse to the Borrower or any Subsidiary (other than the Special Purpose Securitization Subsidiaries) in connection with such transactions shall be limited to the extent customary (as determined by the Borrower in good faith) for similar transactions in the applicable jurisdictions (including, to the extent applicable, in a manner consistent with the delivery of a “true sale”/“absolute transfer” opinion with respect to any transfer by the Borrower or any Subsidiary (other than a Special Purpose Securitization Subsidiary).

  • Permitted Receivables Financing means any one or more receivables financings in which (a) any Loan Party or any Restricted Subsidiary (i) sells (as determined in accordance with GAAP) any accounts (as defined in the Uniform Commercial Code as in effect in the State of New York), payment intangibles (as defined in the Uniform Commercial Code as in effect in the State of New York), notes receivable, rights to future lease payments or residuals (collectively, together with certain property relating thereto and the right to collections thereon, being the “Transferred Assets”) to any Person that is not a Subsidiary or Affiliate of the Borrower (with respect to any such transaction, the “Receivables Financier”), (ii) borrows from such Receivables Financier and secures such borrowings by a pledge of such Transferred Assets and/or (iii) otherwise finances its acquisition of such Transferred Assets and, in connection therewith, conveys an interest in such Transferred Assets to the Receivables Financier or (b) any Loan Party or any Restricted Subsidiary sells, conveys or otherwise contributes any Transferred Assets to a Receivables Financing SPC, which Receivables Financing SPC then (i) sells (as determined in accordance with GAAP) any such Transferred Assets (or an interest therein) to any Receivables Financier, (ii) borrows from such Receivables Financier and secures such borrowings by a pledge of such Transferred Assets or (iii) otherwise finances its acquisition of such Transferred Assets and, in connection therewith, conveys an interest in such Transferred Assets to the Receivables Financier; provided that (A) the aggregate Attributed Principal Amount for all such financings shall not at any time exceed $600,000,000 and (B) such financings shall not involve any recourse to any Loan Party or any Restricted Subsidiary for any reason other than (x) repurchases of non-eligible assets or (y) indemnifications for losses other than credit losses related to the Transferred Assets.

  • Co-financing means the financing referred to in Section 7.02 (h) and specified in the Loan Agreement provided or to be provided for the Project by the Co-financier. If the Loan Agreement specifies more than one such financing, “Co-financing” refers separately to each of such financings.

  • Motor vehicle record or "MVR" means a driving record under Subsection 53-3-109(6)(a).

  • Financing Arrangements means the arrangements between the Borrower and the State as per current policy of the Borrower, and acceptable to ADB;

  • Special Purpose Financing Undertakings representations, warranties, covenants, indemnities, guarantees of performance and (subject to clause (y) of the proviso below) other agreements and undertakings entered into or provided by the Borrower or any of its Restricted Subsidiaries that the Borrower determines in good faith (which determination shall be conclusive) are customary or otherwise necessary or advisable in connection with a Special Purpose Financing or a Financing Disposition; provided that (x) it is understood that Special Purpose Financing Undertakings may consist of or include (i) reimbursement and other obligations in respect of notes, letters of credit, surety bonds and similar instruments provided for credit enhancement purposes, (ii) Hedging Obligations or other obligations relating to Interest Rate Agreements, Currency Agreements or Commodities Agreements entered into by the Borrower or any Restricted Subsidiary, in respect of any Special Purpose Financing or Financing Disposition, or (iii) any Guarantee in respect of customary recourse obligations (as determined in good faith by the Borrower, which determination shall be conclusive) in connection with any Special Purpose Financing or Financing Disposition, including in respect of Liabilities in the event of any involuntary case commenced with the collusion of any Special Purpose Subsidiary or any Affiliate thereof, or any voluntary case commenced by any Special Purpose Subsidiary, under any applicable bankruptcy law, and (y) subject to the preceding clause (x), any such other agreements and undertakings shall not include any Guarantee of Indebtedness of a Special Purpose Subsidiary by the Borrower or a Restricted Subsidiary that is not a Special Purpose Subsidiary.

  • Underinsured motor vehicle means a land motor vehicle or trailer of any type to which a bodily injury liability bond or policy applies at the time of the accident but its limit for bodily injury liability is either: