Vehicle Contract definition

Vehicle Contract means a legally binding agreement for the provision of Equivalent Goods and/or Services between a Requesting Body, acting for a Contracting Body, and the Supplier into which the Ancillary Terms (or parts thereof) and Framework Support Rates (including enhanced Ancillary Terms (or parts thereof) and Framework Support Rates) have been inserted in accordance with the process described in Framework Schedule 21 (Requesting Bodies and Ancillary Terms);

Split View

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Get StartedSchedule a Demo

Vehicle Contract means any Contract, to which any Group Company is a party or by which any Group Company is bound, that provides for (i) program car arrangements pursuant to which disposition price and holding period have been predetermined and fixed, (ii) the purchase by the Group Companies of rental fleet vehicles or (iii) the lease by the Group Companies of rental fleet vehicles.

Vehicle Contract means a Contract (including Uninsured Contracts) which is a motor vehicle retail installment contract arising from the purchase of a Vehicle.

Examples of Vehicle Contract in a sentence

• The current Data Tape delivered on the Closing Date and as of the date of delivery of each Borrowing Base Certificate is true and correct in all material respects (including any field in such Data Tape that indicates that a Vehicle Contract is an Eligible Vehicle Contract or that a Vehicle constituting Inventory is Eligible Vehicle Inventory) and collectively identifies the entire portfolio of the Vehicle Contracts and the Vehicles that constitute Inventory and Financed Vehicles, without duplication.

• Except as would not reasonably be expected to have a Material Adverse Effect, any Financed Vehicle securing a Vehicle Contract that has been equipped with (i) a starter interrupt device or (ii) a global positioning unit added by any Borrower for the purpose of locating the Financed Vehicle following a default by the Consumer has been installed and deployed in compliance in all material respects with applicable federal, state and local law.

• Colonial shall not purchase Vehicle Contracts from any Person except ACM and TCM without the prior written consent of the Administrative Agent, and ACM and TCM shall not sell any Vehicle Contract to any Person except Colonial without the prior written consent of the Administrative Agent.

More Definitions of Vehicle Contract

Vehicle Contract means a Contract which arises from an installment sale of a Vehicle.

Vehicle Contract means all Instruments, notes, documents, chattel paper, accounts, installment sale contracts and other payment obligations which arise from or relate to an installment sale of a Vehicle.

Vehicle Contract means a conditional sales contract,

Vehicle Contract means an agreement for the sale or lease of a vehicle;

Vehicle Contract means a motor vehicle retail installment sale Contract (including any written amendments and assumptions thereto) owned or serviced by a Seller pursuant to a Dealer Agreement pursuant to which the related Obligor has (i) agreed to pay the amount financed set forth therein for the purchase of the related Vehicle and the related finance charge thereon and (ii) granted the Dealer a security interest in the Vehicle to secure the payment of the amount financed and the finance charge.

Vehicle Contract means a loan, retail installment sales contract or other consumer credit obligation which arises from or relates to an installment sale of a Vehicle to a Consumer that is entered into or purchased by any Vehicle Contract Lender, including all Instruments, notes, documents, Chattel Paper, Accounts, general intangibles and other payment obligations, financial assets and related rights with respect thereto.

Vehicle Contract means any contract used by Respondent to effect any agreement for a consumer’s purchase, lease or other agreement to transfer a motor vehicle through Respondent to a consumer.