Repossessed Vehicle definition

Repossessed Vehicle means the Financed Vehicle under a Repossessed Vehicle Contract.
Repossessed Vehicle. As defined in Section 4.2(h) of the Sale Agreement.
Repossessed Vehicle. The term “Repossessed Vehicle” shall mean any automobile which has been repossessed by the Borrower or any Corporate Guarantor, the value of which shall be based upon the auction values published by Manheim Auctions.”

Examples of Repossessed Vehicle in a sentence

  • Repossessed Vehicle Inventory vehicles * Included with Delinquencies Above for the Collection Period [x] through [x] for Payment Date of [x] I hereby certify to the best of my knowledge that the report provided is true and correct.

  • The Contracts to be sold by it on such Purchase Date will not result in the Outstanding Balance of Purchased Contracts secured by Vehicles previously repossessed by or on behalf of the Seller (each, a "Repossessed Vehicle") exceeding 1% of the aggregate Outstanding Balance of all Purchased Contracts.

  • The Servicer is not required hereby to deduct from Repossessed Vehicle Proceeds, Matured Leased Vehicle Proceeds or other Liquidation Proceeds or Insurance Proceeds with respect to any particular 1997-A Leased Vehicle all related unreimbursed Repossessed Vehicle Expenses, Matured Leased Vehicle Expenses or other Liquidation Expenses or Insurance Expenses prior to transferring such funds out of its operating account.

  • Repossessed Vehicle Inventory vehicles * Included with Delinquencies Above [To be included on the Servicer's Certificate for the first Collection Period only: On the Closing Date, Toyota Auto Finance Receivables LLC retained $ of the Class A-1 Notes, $ of the Class A-2a Notes, $ of the Class A-2b Notes, $ of the Class A-3 Notes, $ of the Class A-4 Notes, $ of the Class B Notes and 100% of the Certificate.] I hereby certify to the best of my knowledge that the report provided is true and correct.

  • Repossessed Vehicle Inventory vehicles * Included with Delinquencies Above for the Collection Period [x]through [x] for Payment Date of [x] I hereby certify to the best of my knowledge that the report provided is true and correct.

  • Repossessed Vehicle Inventory vehicles * Included with Delinquencies Above SELLER [To be included on the Servicer's Certificate for the first Collection Period only: On the Closing Date, Toyota Auto Finance Receivables LLC retained $ of the Class A-1 Notes, $ of the Class A-2 Notes, $ of the Class A-3 Notes, $ of the Class A-4 Notes, $ of the Class B Notes and 100% of the Certificate.] SELLER I hereby certify to the best of my knowledge that the report provided is true and correct.

  • Notwithstanding Section 2.06 of the Servicing Agreement, the Servicer need not deduct from Repossessed Vehicle Proceeds, Matured Leased Vehicle Proceeds or other Liquidation Proceeds or Insurance Proceeds with respect to any particular 1996-B Leased Vehicle all related unreimbursed Repossessed Vehicle Expenses, Matured Leased Vehicle Expenses or other Liquidation Expenses or Insurance Expenses prior to transferring such funds out of its operating account.

  • Notwithstanding Section 2.06 of the Servicing Agreement, the Servicer need not deduct from Repossessed Vehicle Proceeds, Matured Leased Vehicle Proceeds or other Liquidation Proceeds or Insurance Proceeds with respect to any particular 1997-B Leased Vehicle all related unreimbursed Repossessed Vehicle Expenses, Matured Leased Vehicle Expenses or other Liquidation Expenses or Insurance Expenses prior to transferring such funds out of its operating account.

  • Notwithstanding Section 2.06 of the Servicing Agreement, the Servicer need not deduct from Repossessed Vehicle Proceeds, Matured Leased Vehicle Proceeds or other Liquidation Proceeds or Insurance Proceeds with respect to any particular 1998-A Leased Vehicle all related unreimbursed Repossessed Vehicle Expenses, Matured Leased Vehicle Expenses or other Liquidation Expenses or Insurance Expenses prior to transferring such funds out of its operating account.

  • As of the last day of any month, the aggregate Outstanding Balance of Purchased Contracts secured by Vehicles previously repossessed by the Seller (each, a "Repossessed Vehicle") shall not exceed 1% of the aggregate Outstanding Balance of all Purchased Contracts then financed by the Lenders.


More Definitions of Repossessed Vehicle

Repossessed Vehicle means a vehicle in which the interest of
Repossessed Vehicle means a vehicle which meets all of the following criteria. It has:
Repossessed Vehicle means a vehicle previously sold and financed by GAC (or a vehicle whose sale was financed by GAC but sold by a third party) the possession of which has been reacquired or acquired, as applicable, by GAC pursuant to voluntary or involuntary repossession (whether or not the applicable redemption period with respect to such vehicle has expired).
Repossessed Vehicle means a Polestar Vehicle, which VCFSUK has repossessed from an End Customer due to such End Customer’s breach of the Customer Agreement.
Repossessed Vehicle. As defined in Section 4.2(i) of the Sale Agreement.

Related to Repossessed Vehicle

  • Leased Vehicle means a new or used Nissan or Infiniti automobile, sport utility vehicle, minivan or light-duty truck, together with all accessories, parts and additions constituting a part thereof, and all accessions thereto, leased to a Lessee pursuant to a Lease.

  • 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.

  • Used vehicle means a Vehicle other than a New Vehicle.

  • Motorized Vehicle means a passenger car, station wagon, van, jeep-type automobile, truck, ambulance or any type of motorized vehicle used by municipal, provincial or federal police forces.

  • Matured Vehicle as of any date means any Leased Vehicle the related Lease of which has reached its Maturity Date or has been terminated in connection with a Lessee Initiated Early Termination (and the Lessee is not in default under such Lease) or in connection with a Casualty Termination, which Leased Vehicle has been returned to the Servicer on behalf of the Titling Trust, if applicable.

  • Abandoned vehicle means any of the following:

  • Nonroad Vehicle means a vehicle that is powered by a Nonroad Engine, fifty horsepower and greater, and that is not a Motor Vehicle or a vehicle used solely for competition, which shall include, but not be limited to, excavators, backhoes, cranes, compressors, generators, bulldozers and similar equipment, except that this term shall not apply to horticultural maintenance vehicles used for landscaping purposes that are powered by a Nonroad Engine of sixty-five horsepower or less and that are not used in any construction program or project.

  • Low-speed vehicle means any four-wheeled electrically-powered vehicle, except a motor vehicle or

  • Reconstructed vehicle means every vehicle of a type required to be registered under this title

  • Shared vehicle means a vehicle that is available for

  • Hybrid vehicle (HV) means a vehicle equipped with a powertrain containing at least two different categories of propulsion energy converters and at least two different categories of propulsion energy storage systems.

  • Rebuilt vehicle means any salvage vehicle which has been rebuilt and inspected for the purpose of registration and title;

  • Off-Road Vehicle means any vehicle while it is being operated on a road not maintained by a federal, provincial, state, or local agency, not including entrance or departure ways to private property, or any vehicle which cannot be licensed to drive on a public road and is designed and manufactured primarily for off-road usage.

  • Junk vehicle means a vehicle of any age that is damaged or defective in any one or combination of any of the following ways that either makes the vehicle immediately inoperable, or would prohibit the vehicle from being operated in a reasonably safe manner upon the public streets and highways under its own power if self-propelled, or while being towed or pushed, if not self-propelled:

  • Tank vehicle means a commercial motor vehicle that is designed to transport any liquid or gaseous materials within a tank or tanks having an individual rated capacity of more than one hundred nineteen gallons and an aggregate rated capacity of one thousand gallons or more that is either permanently or temporarily attached to the vehicle or chassis. A commercial motor vehicle transporting an empty storage container tank not designed for transportation with a rated capacity of one thousand gallons or more that is temporarily attached to a flatbed trailer is not considered a tank vehicle.

  • Financed Vehicle means an automobile or light-duty truck van or minivan, together with all accessions thereto, securing an Obligor’s indebtedness under the respective Receivable.

  • Light vehicle means a motor vehicle commonly referred to as an automobile, van, sport utility

  • completed vehicle means a vehicle, resulting from the process of multi-stage type-approval, which meets the relevant technical requirements of this Directive;

  • goods vehicle means a motor vehicle constructed or adapted for use for the carriage of goods or burden of any description or a trailer so constructed or adapted;

  • the vehicle means the vehicle named in the licence.

  • Salvage vehicle means any vehicle which is within the last ten (10) model years and which has been damaged by collision or other occurrence to the extent that the cost of repairing the vehicle for safe operation on the highway exceeds sixty percent (60%) of its fair market value, as defined by Section 1111 of this title, immediately prior to the damage. For purposes of this section, actual repair costs shall only include labor and parts for actual damage to the suspension, motor, transmission, frame or unibody and designated structural components;

  • Shared vehicle driver means an individual who has been authorized to drive the

  • Subject Vehicle means the vehicle being tested.

  • Rental Vehicle means the “auto” rented or leased by the “renter” from the “policyholder” and described in the “rental agreement.”

  • Receivables means the Accounts, Chattel Paper, Documents, Investment Property, Instruments and any other rights or claims to receive money which are General Intangibles or which are otherwise included as Collateral.

  • Articulated vehicle means a vehicle with three or more axles, comprising a power unit (called tractor, prime-mover etc.) and semi-trailer which is superimposed on the power unit and coupled together by means of a kingpin revolving on a turn-table and is an articulated vehicle whether automatically detachable or permanently coupled, but this definition does not apply to 2 axle log loaders.