Used motor vehicles means all motor vehicles,
Used motor vehicles means all motor vehicles, except motorcycles, of a type required to be registered under the provisions of this chapter which have been sold and operated, or which have been registered or titled, in this or any other state or jurisdiction.
Used motor vehicles means a motor vehicle other than a motor vehicle which has visual proof of current validation and is operative and driven on a regular basis;
Examples of Used motor vehicles in a sentence
The Borrowings obtained under Used Vehicle Flooring Facility shall be used by Used Vehicle Flooring Borrower to finance the purchase of Used Motor Vehicles for sale domestically and export to the United States of America (subject to the limitations and criteria set out in the definition of Eligible Used Motor Vehicles).
Swing Line Loans used to finance Used Motor Vehicles or Program Cars are referred to herein as “Used Vehicle Swing Line Loans” and Swing Line Loans used to finance all other Motor Vehicles are referred to herein as “New Vehicle Swing Line Loans”.
Except as provided in paragraph (d) of definition of “Eligible Used Motor Vehicle”, export any New Motor Vehicles and Used Motor Vehicles being financed by any of the Credit Facilities outside of Canada unless, the financing related to such New Motor Vehicle or Used Motor Vehicle has been repaid prior to or concurrently with its export.
Gate Pass and other related documents for the Two (2) Used Motor Vehicles, Used IT Equipment and Furniture shall be issued in favor of the Winning Bidder upon full payment of the amount of Bid Price.
Garages for Sales; Storage and Service; Sales Lots for New or Used Motor Vehicles; Parking Lots; Service Stations; and Similar Structures and Uses 79 Section 12.
More Definitions of Used motor vehicles
Used motor vehicles means all Used motor vehicles owned by the Company or any of its Subsidiaries.
Used motor vehicles means all motor vehicles, except motorcycles, of a type required
Used motor vehicles means reconditioned used passenger cars, motorcycles and Light Duty Trucks for domestic sale. (254) (236) “Used Vehicle Flooring Borrowers” means, collectively, Master Borrower and each other Used Vehicle Flooring Borrower that may be added from time to time pursuant to a Joinder Agreement, and their successors and permitted assigns, and “Used Vehicle Flooring Borrower” means any one of them. (255) (237) “Used Vehicle Flooring Borrowing Base” means, as of any date of determination, an amount equal to eighty-five percent (85%) of the sum, without duplication, of the following: (a) the net book value of Used Motor Vehicles of Master Borrower and any other Borrowers which are Eligible Used Motor Vehicles (net of GST / HST), minus (b) the aggregate outstanding principal amount of any indebtedness or obligation to any Person (other than the obligations to the Administrative Agent and Lenders under the Loan Documents) which is secured by such Eligible Used Motor Vehicles, including but not limited to amounts owing to holders of any Lien in a Used Motor Vehicle at the time it is traded in, sold to, or otherwise acquired by a Borrower until such amounts have been paid in full. Notwithstanding the foregoing, the net book value of motorcycles constituting Used Motor Vehicles included in the Used Vehicle Flooring Facility Borrowing Base shall not, at any time, exceed five percent (5%) of the total Used Vehicle Flooring Facility Borrowing Base. (256) (238) “Used Vehicle Flooring Borrowing Base Certificate” means a borrowing base certificate substantially in the form attached as Schedule 1.1(238255) signed by a Responsible Officer of Master Borrower.
Used motor vehicles means any and all motor vehicles, cars, vans, passenger vehicles, and light trucks which [A] are then owned and held in inventory for sale, lease, or rental by Borrower or any Dealer; and [B] have been owned and held in inventory for not more than 120 days from original acquisition from outside the Group or, for motor vehicles owned as of the date of this Loan Agreement, 120 days from that date; and [C] have been previously used and titled under any state title certificate law (except if such use and titling was for the exclusive purpose of utilizing it as a demonstrator in promoting the sale, lease, or rental of Dealer merchandise); and [D] were originally acquired by Dealer or Borrower, exclusive of reconditioning expenditures, for not less than Three Thousand Dollars per motor vehicle; and [E] are of any make, type, model, or age; and [F] are not otherwise customarily regarded by GMAC in the ordinary course of its business as a new motor vehicle; and [G] are free from any other lien, security interest, or encumbrance, except in favor of GMAC in connection with this Loan Agreement; and [H] includes all parts, accessories, instruments, or equipment installed thereon.
Used motor vehicles means any and all motor vehicles, cars, vans, passenger vehicles, and light trucks which [A] are then owned and held in inventory for sale, lease, or rental by Borrower; and [B] have been owned and held in inventory for not more than ninety (90) days from original acquisition by Borrower; and [C] have been previously used and titled under any state title certificate law (except if such use and titling was for the exclusive purpose of utilizing it as a demonstrator in promoting the sale, lease, or rental of Borrower merchandise); and [D] were originally acquired by Borrower, exclusive of reconditioning expenditures, for not less than Three Thousand Dollars ($3,000.00) per motor vehicle; and [E] are of any make, type, model, or age; and [G] are free from any other lien, security interest, or encumbrance, except in favor of GMAC in connection with this Loan Agreement; and [H] include all parts, accessories, instruments, or equipment originally installed thereon.
Used motor vehicles means previously titled motor vehicles.
Used motor vehicles means reconditioned used passenger cars, motorcycles and Light Duty Trucks for domestic sale. (213) “Used Vehicle Flooring Borrower” means Master Borrower. (236) “Used Vehicle Flooring Borrowers” means, collectively, Master Borrower and each other Used Vehicle Flooring Borrower that may be added from time to time pursuant to a Joinder Agreement, and their successors and permitted assigns, and “Used Vehicle Flooring Borrower” means any one of them. (237) (214) “Used Vehicle Flooring Borrowing Base” means, as of any date of determination, an amount equal to eighty-five percent (85%) of the sum, without duplication, of the following: (a) the net book value of Used Motor Vehicles of Master Borrower and any other Borrowers which are Eligible Used Motor VehicleVehicles (net of GST / HST), minus (b) the aggregate outstanding principal amount of any indebtedness or obligation to any Person (other than the obligations to the Administrative Agent and Lenders under the Loan Documents) which is secured by such Eligible Used Motor Vehicles, including but not limited to amounts owing to holders of any Lien in a - 41 - CREDIT AGREEMENT Used Motor Vehicle at the time it is traded in, sold to, or otherwise acquired by a Borrower until such amounts have been paid in full. Notwithstanding the foregoing, the net book value of motorcycles constituting Used Motor Vehicles included in the Used Vehicle Flooring Facility Borrowing Base shall not, at any time, exceed five percent (5%) of the total Used Vehicle Flooring Facility Borrowing Base. (238) (215) “Used Vehicle Flooring Borrowing Base Certificate” means a borrowing base certificate substantially in the form attached as Schedule 1.1(215238) signed by a Responsible Officer of Master Borrower. (239) (216) “Used Vehicle Flooring Facility” has the meaning given to it in Section 2.3(1). (240) (217) “Used Vehicle Flooring Facility Limit” means the aggregate amount of the Commitments of the Lenders from time to time under the Used Vehicle Flooring Facility which on the Closing Date is $100,000,000. (241) (218) “Used Vehicle Flooring Loans” means Loans made under the Used Vehicle Flooring Facility. (242) (219) “Used Vehicle Flooring Swing Line Loan” has the meaning given to it in Section 2.3(6)(a). (243) (220) “Used Vehicle Flooring Swing Line Limit” means $20,000,000. (244) “Vehicle Sales and Related Business” means the business of (a) selling, leasing and financing motor vehicles, recreational vehicles and related activities, incl...