Used Vehicles definition

Used Vehicles means used motor vehicles, or any motor vehicles that do not constitute New Vehicles, held for resale by the Company. All Used Vehicles shall be reconditioned and front-line ready. Used Vehicle inventory shall not exceed more than a 60-day supply based on each Company Group Entity’s 90-day rolling sales history.

Used Vehicles means each of Selling Entities’ vehicles, other than New Vehicles, Demonstrator Vehicles, Loaner Vehicles and vehicles used by the Seller Group in its operations or titled in the name of a Selling Entity.

Used Vehicles means all vehicles that are located on the Dealership Premises on the Closing Date and owned and held by the Seller for resale, to include Service Loaners, but excluding New Vehicles, Demos, or company vehicles.

Examples of Used Vehicles in a sentence

• Test 3.3(u) – 1: Term of Receivable for Used Vehicles Observe the Contract and, if the description of the Financed Vehicle is used or demo, observe the "Number of Payments" from the payment schedule section of the "Federal Truth-in-Lending Disclosures" box of the Contract and confirm the total number of payments is 75 or fewer.

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

• Test 3.3(u) – 1: Term of Receivable for Used Vehicles Observe the Contract and, if the description of the Financed Vehicle is used or demo, observe the "Number of Payments" from the payment schedule section of the "Federal Truth-in-Lending Disclosures" box of the Contract and confirm the total number of payments is 72 or fewer.

• Test 3.3(u) — 1: Term of Receivable for Used Vehicles Observe the Contract and, if the description of the Financed Vehicle is used or demo, observe the “Number of Payments” from the payment schedule section of the “Federal Truth-in-Lending Disclosures” box of the Contract and confirm the total number of payments is 72 or fewer.

• Dealer represents that all Used Vehicles to be financed by DFS are free and clear of all liens and encumbrances.

More Definitions of Used Vehicles

Used Vehicles means vehicles with terminated usability which the owner has discarded, intends to discard or is required to discard;

Used Vehicles means second-hand vehicles which are sold to the Customer by Adelaide EPV.

Used Vehicles means vehicles which are over six months after registration and have run at least 6 000 km.

Used Vehicles means a vehicle whose In-Service Date is four (4) or more years prior to the purchase of this Agreement and/or a vehicle whose odometer reads 60,000 miles or more at the purchase of this Agreement. We, Us, Ours means the Entity who is obligated to perform under this Agreement, as identified on the Application as “Administrator Obligor.”

Used Vehicles means a Vehicle which was titled or sold or leased at retail and then acquired by Borrower by purchase or in trade, and which is held in inventory by Borrower for sale or lease to customers.

Used Vehicles means all vehicles owned by any Company which are not New Vehicles. "Working Capital" means for the Companies, on a consolidated basis, current assets minus current liabilities determined on a GAAP basis (and those practices set forth on Schedule 2.2(c)). For purposes of determining Working Capital any assets relating to a Related Party Agreement shall be excluded. "Year-End Balance Sheets" has the meaning set forth in Section 4.8(a). "Year-End Income Statements" has the meaning set forth in Section 4.8(a). [SIGNATURES APPEAR ON THE NEXT PAGE] The parties have executed and delivered this Agreement on the date first above written. ACQUIRER: XXXXXX AUTOMOTIVE GROUP, INC. By: -------------------------------------------------- Name: ------------------------------------------------ Title: ----------------------------------------------- COMPANIES: XXX XXXXX ENTERPRISES, INC. UNIVERSITY FORD, INC. By: By: -------------------------------------------------- -------------------------------------------------- Name: Name: ------------------------------------------------ ------------------------------------------------ Title: Title: ----------------------------------------------- ----------------------------------------------- ALL AMERICAN CHEVROLET, INC. EL CAJON LUXURY CARS, INC. By: By: -------------------------------------------------- -------------------------------------------------- Name: Name: ------------------------------------------------ ------------------------------------------------ Title: Title: ----------------------------------------------- ----------------------------------------------- XXX XXXXX AUTOMOTIVE, INC. XXX XXXXX IMPORTS, INC. By: By: -------------------------------------------------- -------------------------------------------------- Name: Name: ------------------------------------------------ ------------------------------------------------ Title: Title: ----------------------------------------------- ----------------------------------------------- XXX XXXXX VOLKSWAGEN, INC. By: -------------------------------------------------- Name: ------------------------------------------------ Title: -----------------------------------------------

Used Vehicles means any used Vehicle purchased by any Borrower on or ------------- after April 1, 2000.