Pawn Loans definition

Pawn Loans means all transactions in which a customer of Borrower pledges with Borrower an item of goods as security for a loan of money, including without limitation all collateralized pawn loans made by Borrower in the ordinary course of its business as a pawnbroker, and all purchases by Borrower of goods on the condition that the goods may be redeemed or repurchased by the seller for a fixed price within a fixed period.
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Pawn Loans. The lawful, bona-fide, third-party, arm’s length, collateralized consumer loans made in accordance with Nevada Revised Statutes §646.002 et seq.
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Examples of Pawn Loans in a sentence

  • Within 7 days after the Effective Date (“Asset Verification Date”), Purchaser will conduct a thorough examination, audit and inventory (the “Inspection”) of Sellers’ merchandise Inventory (whether owned by Sellers or subject to the terms of layaway contracts or statutory hold periods), Pawn Loans, pawn tickets and the pledged goods covered thereby, layaway merchandise and all records and documents relating thereto, all as of the end of business on the Closing Date (herein “Closing Date Balances”).

  • Inventory and Pawn Loans subject to police and/or bankruptcy holds will not be included in the calculation of the asset balances described below.

  • Before the Closing Date, Purchasers will verify the existence and authenticity of Inventory, Pawn Loans, collateral securing Pawn Loans and Payday Loans at the Locations using its own staff.

  • Sellers have not entered into any type of agreements which encumber the Assets in any way other than the Assumed Liabilities and the customer claims and rights on all Pawn Loans.

  • All Pawn Loans are lawful, bona-fide, third-party, arm’s length transactions; each Seller has maintained record, which is complete and accurate in all in all material respects, of the amount loaned, the lawful finance charge to accrue thereon, renewals or extensions, if any, and an accurate description of the pledged goods as required by law.

  • All Pawn Loans are in compliance with the laws of the appropriate regulating agency(ies) and are documented pursuant to contracts which comply with such laws.

  • Sellers now own the Assets, free and clear of all liens, claims and encumbrances other than the Assumed Liabilities and the customer claims and rights on all Pawn Loans.

  • All Pawn Loans and Payday Loans are in compliance with the laws of the appropriate regulating authorities and are documented pursuant to contracts which comply with such laws.

  • In the course of such Inspection, Purchaser will reasonably determine (1) the aggregate loan amount of the Pawn Loans (based on the principal amount indicated in the transaction documents) and (2) the aggregate value of the merchandise Inventory of the Business (based on the loan or purchase amount indicated in the transaction documents); For purposes of this Section, the “value” of an item of merchandise Inventory will be its “cost.” “Cost” means the original loan amount with respect to such item.

Related to Pawn Loans

  • or "Loans means and includes without limitation any and all commercial loans and financial accommodations from Lender to Borrower, whether now or hereafter existing, and however evidenced, including without limitation those loans and financial accommodations described herein or described on any exhibit or schedule attached to this Agreement from time to time.

  • Loans means the loans made by the Lenders to the Borrower pursuant to this Agreement.

  • Canadian Loans means, individually and collectively as the context may require, the Canadian Revolving Loans, the Canadian Swingline Loans, the Canadian Overadvances and the Canadian Protective Advances.

  • Original Loans means the loans and other extensions of credit outstanding under the Original Credit Agreement as of the Effective Date.

  • Lender PMI Loans Mortgage Loans with respect to which the lender rather than the borrower acquired the primary mortgage guaranty insurance and charged the related borrower an interest premium.

  • Committed Loans means loans made pursuant to Section 2.1(a).

  • Revolving Loans shall have the meaning assigned to such term in Section 2.1(a).

  • Initial Loans means the Eligible Loans evidenced by the Notes sold on the Closing Date pursuant to the Initial Purchase Agreement and related documentation, together with any guaranties and other rights relating thereto including, without limitation, Interest Subsidy Payments and Special Allowance Payments.

  • New Loans means Loans made by the Failed Bank after the Bid Valuation Date that are not continuations, amendments, modifications, renewals, extensions, refinancings, restructurings, or refundings of or for any then existing Loan.

  • Permitted Loans means:

  • U.S. Loans means, individually and collectively as the context may require, the U.S. Revolving Loans, the Swingline Loans and the U.S. Protective Advances.

  • Revolving Facility Loans shall include the Other Revolving Loans.

  • U.S. Revolving Loans has the meaning set forth in Section 2.1(a).

  • Total Loans at any time, the aggregate principal amount of the Loans of the Lenders outstanding at such time (after converting the outstanding principal amount of any Loans denominated in the Optional Currency into the Dollar Equivalent thereof at such time).

  • Existing Loans shall have the meaning assigned to such term in Section 2.21(a).

  • Bank Loans means debt obligations (including, without limitation, term loans, revolving loans, debtor-in-possession financings, the funded and unfunded portion of revolving credit lines and letter of credit facilities and other similar loans and investments including interim loans and senior subordinated loans) which are generally under a syndicated loan or credit facility.

  • Second Lien Loans means the “Loans” as defined in the Second Lien Credit Agreement and shall, for the avoidance of doubt, include Incremental Second Lien Loans.

  • Tranche A Loans means the Loans made pursuant to the Tranche A Commitment.

  • Refinanced Loans has the meaning specified in Section 10.01.

  • First Lien Loans means the loans made under the First Lien Credit Agreement.

  • Related Loans has the meaning set forth in Section 3.1. “Restructuring Loss” means the loss on a modified or restructured loan measured by the difference between (a) the principal, Accrued Interest, tax and insurance advances, third party or other fees due on a loan prior to the modification or restructuring, and

  • Bridge Loans means the Loans (as defined in the Bridge Credit Agreement).

  • Other Revolving Loans means the Revolving Loans made pursuant to any Other Revolving Commitment.

  • Revolving Advances means Advances made other than Letters of Credit.

  • Other Loans means one or more Classes of Loans that result from a Refinancing Amendment or a Loan Modification Agreement.

  • Term Loan Advances are each defined in Section 2.1.1(a).