Motor Vehicle Loan definition

Motor Vehicle Loan means a Direct Loan or retail installment sales contract secured by a Motor Vehicle originated by the Transferor or another financial institution.
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Motor Vehicle Loan means a retail installment sale contract secured by a Motor Vehicle originated indirectly by Bank One, National Association through a Dealer.
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Motor Vehicle Loan means retail installment sales contract secured by a Motor Vehicle originated by a Dealer and purchased by M&I Xxxxxxxx & Xxxxxx Bank or its Affiliates.
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Examples of Motor Vehicle Loan in a sentence

  • The average daily balance in the Management Account will offset the Average Daily Balance of the New Motor Vehicle Loan computed monthly for billing purposes with respect to Advances, provided that the average daily balance during any one month of the Management Account shall not exceed fifty percent (50%) of the gross Average Daily Balance.

  • Interest on each Advance made under the New Motor Vehicle Loan and the Used Motor Vehicle Loan shall begin to accrue on the date of Lender's Advance for such Vehicle.

  • The Average Daily Balance of the New Motor Vehicle Loan shall bear interest at a per annum rate equal to the Index Rate plus one half of one percent (.5%) until paid in full.


More Definitions of Motor Vehicle Loan

Motor Vehicle Loan means any loan secured by title to a motor vehicle or otherwise
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Motor Vehicle Loan means a retail installment sales contract secured by a Motor Vehicle originated by a Dealer and purchased by Seller or a Seller Affiliate.
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Related to Motor Vehicle Loan

  • 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.

  • 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 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.

  • New motor vehicle means a motor vehicle that:

  • 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.

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

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

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

  • Motor vehicle manufacturer means any of the following:

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

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

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

  • 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:

  • 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.

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

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

  • Transfer Vehicle means any vehicle that operates in space and transfers Payloads or persons or both between two different space objects, between two different locations on the same space object, or between a space object and the surface of a celestial body. A Transfer Vehicle also includes a vehicle that departs from and returns to the same location on a space object.

  • passenger vehicle means a motor vehicle (other than a motor cycle or invalid carriage) constructed solely for the carriage of passengers and their effects and adapted to carry not more than twelve passengers exclusive of the driver, and not drawing a trailer;

  • 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:

  • Securitization Property means the property described in section 10j.

  • Fleet Vehicle means a motor vehicle owned or leased by a person engaged in a commercial activity, utility service, or government service; or a motor vehicle offered for sale, rent, or lease at a business which is licensed to sell, rent, or lease motor vehicles.

  • Pledged Asset Mortgage Loan A Mortgage Loan as to which, at the time of origination, a Letter of Credit was issued in favor of the initial holder of such Mortgage Loan.

  • Covered Vehicle means a private passenger vehicle (including mini-vans, pickup trucks and sport utility vehicles) which is registered or rented to You during Your Trip, which is rated ¾ ton in weight or less, not used for racing, dealer services, dealer loaners, taxi, limousine, shuttle, delivery, hauling, towing, road repair service, construction service, snow removal, or as a public livery vehicle, or any other commercial use.