Titled Asset definition
Titled Asset means a motor vehicle, boat, recreational vehicle, camper, trailer, motorcycle, all-terrain vehicle or other asset for which, under applicable State law, a certificate of title is issued and any security interest therein is required to be perfected by notation on such certificate of title.
Titled Asset means an automobile, light-duty truck, SUV or van for which, under applicable state law, a certificate of title is issued and any security interest therein is required to be perfected by notation on such certificate of title or recorded with the relevant Governmental Authority that issued such certificate of title.
Titled Asset means a motor vehicle, trailer or other asset for which under applicable State law, a certificate of title is issued and any security interest therein is required to be perfected by notation on such certificate of title or recorded with the relevant Governmental Authority that issued such certificate of title.
Examples of Titled Asset in a sentence
In the event that the Certificates of Title are delivered to Agent or its designee in accordance with this Section 4.21(c), Agent or such designee shall so hold such Certificates of Title and shall, unless Agent reasonably objects to such release, release any Certificates of Title to Borrowing Agent for any Titled Asset that is subject to a pending sale in accordance with Section 7.1(b) of this Agreement; provided that no Default or Event of Default shall exist or be continuing.
There is no State in which any Loan Party has based any Titled Assets (except for Titled Assets in transit) other than (i) those States listed on Schedule 5.26 and (ii) any other States in the continental United States, which have been given in writing to Agent as promptly as practicable and in no event more than twenty (20) Business Days after such Titled Asset has become located in such State.
More Definitions of Titled Asset
Titled Asset means an automobile, light-duty truck, SUV or van for which, under applicable state law, a certificate of title is issued and any security interest therein is required to be perfected by notation on such certificate of title or recorded with the relevant Government Entity that issued such certificate of title.
Titled Asset means a motor vehicle, boat, trailer or other asset for which, under applicable State law, a certificate of title is issued and any security interest therein is required to be perfected by notation on such certificate of title or recorded with the relevant Governmental Authority that issued such certificate of title. SALE AND SERVICING AGREEMENT (RMIT 2025-2) – Schedule II - 39 DOCPROPERTY DOCXDOCID DMS=IManage Format=<<LIB>>/<<NUM>>v<<VER>> \* MERGEFORMAT LEGAL02/47538919v2
Titled Asset means an automobile, light-duty truck, SUV or van for which, under applicable state law, a certificate of title is issued and any security interest therein is required to
Titled Asset and “Titled Assets” mean as such terms are defined in Section 5.3 of this Agreement.
Titled Asset means a motor vehicle, boat, recreational vehicle, camper, trailer, motorcycle, all-terrain vehicle or other asset for which, under applicable State law, a certificate of title is issued and any security interest therein is required to be perfected by notation on such certificate of title. “Top State” means, for any date of determination, the State that has the highest concentration of Single State Originated Receivables on such date. “Top Three States” means, for any date of determination, the three States that have the highest concentrations of Single State Originated Receivables on such date. “Transition Expenses” has the meaning given to such term in Section 7.12(d). “UCC” means the Uniform Commercial Code as from time to time in effect in the applicable jurisdiction. “Unadjusted Benchmark Replacement” means the Benchmark Replacement excluding the Benchmark Adjustment. “United States” or “U.S.” means the United States of America. “Unmatured Event of Default” means any event that, with the giving of notice or the lapse of time, or both, would become an Event of Default. “Unrestricted Cash or Cash Equivalents” means Cash or Cash Equivalents which are not subject to any Liens or control agreements. “Unsecured Receivable” means a Receivable that is, as of the date of the origination thereof, not secured by any collateral or secured by non-Titled Assets pursuant to the terms of the applicable Contract. “Unused Commitment Fee” means, for any Interest Period during the Revolving Period, the fee payable by the Borrower pursuant to the Fee Letter on the related Payment Date in an amount equal to product of (i) the Unused Commitment Fee Rate, (ii) an amount equal to the average daily Aggregate Commitment during such Interest Period minus the average daily Loans Outstanding during such Interest Period and (iii) a fraction, the numerator of which is the actual number of days during such Interest Period and the denominator of which is 360. “Unused Commitment Fee Rate” has the meaning given to such term in the Fee Letter. “Upfront Fee Letter” means the fee letter, dated as of the Closing Date, among Midtown, the Borrower and the Servicer, setting forth the upfront fee payable to the Administrative Agent for the Lenders on the Closing Date. “Utilization Make-Whole Fee” shall have the meaning given to such term in the Fee Letter.