Service Loaner Vehicles definition

Service Loaner Vehicles means vehicles which are provided as service loaner vehicles for customers of a Subsidiary that are having their vehicles serviced by such Subsidiary.
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Service Loaner Vehicles has the meaning specified in the definition of “Permitted Service Loaner Indebtedness.”
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Examples of Service Loaner Vehicles in a sentence

  • Any Service Loaner Vehicles that are financed by, or constitute collateral for, any Permitted Third Party Service Loaner Indebtedness are designated as Service Loaner Vehicles in the books of record and account of the Company and its Subsidiaries.

  • All Indebtedness for the financing of Service Loaner Vehicles provided by Service Loaner Lenders is secured solely by a Lien on said Service Loaner Vehicles so financed by the respective Service Loaner Lenders and the proceeds of such Service Loaner Vehicles.

  • All Indebtedness for the financing of Service Loaner Vehicles provided by Service Loaner Lenders is secured solely by a Lien on said Service Loaner Vehicles so financed by the respective Service Loaner Lenders and the proceeds of such Vehicles.

  • All Indebtedness for the financing of Service Loaner Vehicles provided by Service Loaner Lenders which are not parties to the Master Intercreditor Agreement is secured solely by a Lien on said Service Loaner Vehicles so financed by the respective Service Loaner Lenders and the proceeds of such Vehicles.

  • The Service Loaner Vehicle Floorplan Borrower shall use the proceeds of the Service Loaner Vehicle Floorplan Loans to finance Service Loaner Vehicles owned by a Dealership and to refinance Service Loaner Vehicle Swing Line Loans.

  • Borrower shall permit only licensed drivers to operate Demonstrator Vehicles and Service Loaner Vehicles.

  • Borrower represents and warrants to Lender that the agreements used by Borrower to provide Service Loaner Vehicles to its customers are in full compliance with all applicable law, and result in valid and enforceable obligations on the part of each customer.

  • Borrower shall maintain accounting and other records in the form and detail required by Lender with respect to the use of Demonstrator Vehicles and Service Loaner Vehicles, including the Service Loaner Log, Demonstrator Documents and Service Loaner Documents.

  • Permit Lender's employees and agents to inspect the Collateral and ▇▇▇▇▇▇▇▇'s other properties, including all Service Loaner Vehicles and Demonstrator Vehicles, wherever they are located, at any reasonable time.

  • All Demonstrator Vehicles, Service Loaner Vehicles and other special use vehicles (collectively, "Special Use Vehicles") will remain part of the Collateral under this Agreement.