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 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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Motor Vehicle Loan means any loan secured by title to a motor vehicle or otherwise
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Examples of Motor Vehicle Loan in a sentence

  • Furthermore, the Scheme of Service also stipulated that “All loans shall be granted upon agreement between the Colleges and the member of staff concerned whose appointment shall normally have been confirmed; All loans are made subject to availability of the funds and on such terms and conditions as the Colleges may determine from time to time…” examples of such loans granted to the staff of Colleges of Education in Nigeria are Motor Vehicle Loan, Furniture Loan, Housing loan etc.

  • Outstanding exploration commitments are as follows: 20212020 $$Within a year20,35922,421Later than one year but not later than five years81,43767,263 Motor Vehicle Loan Commitment During the prior year, the Group entered into a loan agreement to purchase two motor vehicles.

  • No Board or Ministry of Finance approval was seen for the setting up of the Motor Vehicle Loan Scheme and there was no evidence that the motor vehicle loans were appropriately secured to protect the interest of the Jamaica 4-H Clubs.

  • On one hand Türk Ekonomi Bankası A.Ş., Branch, which will be hereinafter referred to as the “Bank”, and on the other hand “Credit Customer and Sureties”, whose names and surnames, signatures and legal(notification) addresses are assigned on the last page, have agreed upon this credit facility agreement on the following terms and conditions, and also Parties agree, acknowledge and undertake that provisions of this agreement below shall be applicable to this Motor Vehicle Loan Credit Facility.

  • 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.

  • 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.


More Definitions of Motor Vehicle Loan

Motor Vehicle Loan means a retail installment sales contract secured by a Motor Vehicle acquired by a Seller Affiliate from a Dealer or other Person, including all rights against the borrower or co-borrowers under such retail installment sales contract and any co-signer or guarantor of such retail installment sales contract or other Person who owes or may be primarily or secondarily liable for payments under such retail installment sales contract.
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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, regardless of the mileage of the vehicle, the legal or

  • 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 a person that:

  • 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;

  • Sale and Servicing Agreement Collateral shall have the meaning set forth in Section 2.4.

  • 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 less than the limit of liability for this coverage.

  • Park Sienna Mortgage Loans The Mortgage Loans identified as such on the Mortgage Loan Schedule for which Park Sienna is the applicable Seller.

  • Pledged Asset Mortgage Servicing Agreement The Pledged Asset Mortgage Servicing Agreement, dated as of February 28, 1996 between MLCC and the Master Servicer. Pooling and Servicing Agreement or Agreement: With respect to any Series, this Standard Terms together with the related Series Supplement.

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

  • Fleet Vehicle means one of a large group of New Vehicles sold to a Person (e.g., a rental car agency) which purchases in excess of ten (10) Vehicles per purchase contract for commercial use.

  • 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.