Vehicle Loan definition

Vehicle Loan means an agreement between an Obligor and a Transferor providing for the extension of credit to such Obligor by such Transferor, in connection with such Obligor's purchase of a Vehicle from a Manufacturer.

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Vehicle Loan means the secured loan provided to you under the Secured Credit Agreement for the primary purpose of financing the purchase of the Financed Vehicle.

Vehicle Loan means a motor vehicle installment sales contract assigned to the Company that is secured by title to, security interests in, or liens on a motor vehicle under applicable provisions of the motor vehicle or other similar law of the jurisdiction in which the motor vehicle is title and registered by the purchaser at the time the contract is originated or purchased.

Examples of Vehicle Loan in a sentence

AND POA Please refer to the Loan cum Hypothecation Agreement dated and the Power of Attorney dated ("said Documents"), executed by me/us with regard to the Vehicle Loan sanctioned by the Bank.
No New Vehicle Loan Advance to refinance Former Lender Loans shall exceed an amount equal to the amount calculated in accordance with the preceding sentence.
EVRI shall maintain the EVRI Site, ▇▇▇▇▇▇▇▇▇▇.▇▇▇, in a manner that will enable consumers to complete an online application in a form acceptable to and approved by Bank for a loan for the purchase of a Vehicle or the refinance of a Vehicle Loan, Insurance Product, or such other related products as EVRI may make available on behalf of the Bank on the EVRI Site (referred to as the "Loan Products").
If any New Vehicle has not been previously sold, the New Vehicle Floorplan Borrowers shall pay the entire Related Principal Portion for such New Vehicle to Agent on the first New Vehicle Monthly Payment Date which is at least one year following the New Vehicle Loan Advance Date for such New Vehicle (“Required Repayment Date”).
In respect of the Vehicle Loan Agreement, whereby the parties agreed to provide interest free finance to the Collection Contractor to cover its cost of purchasing new vehicles (to be used exclusively to operate the Services) prior to the Commencement Date, the Parties wish to record that they provided such monies in the proportions set out in Schedule 4, Part 2.
No New Vehicle Loan Advance to refinance Former Lender Loans shall exceed an amount equal to the lesser of (i) the amount calculated in accordance with the preceding sentence or (ii) the then outstanding principal amount of the Former Lender Loans made by the Former Lender to finance the Vehicles being refinanced with such New Vehicle Loan Advance.
Accordingly, to the extent that the sum of the Swingline Loan Outstandings plus the Total New Vehicle Loan Outstandings exceeds the Total New Vehicle Commitment, such amount shall be maintained by Swingline Lender solely for its own account.
To, Date : The Manager Dear Sir, I am availing Vehicle Loan amount Rs. /- from RCFL.
The Borrower(s) understands that the advance shall be governed by the terms and conditions contained herein as well as those embodied in the loan sanction letter, Agreement, South Indian Bank’s Vehicle Loan Scheme and other loan and/or security documents except in so far as the loan/security documents may expressly or by necessary implication be modified by these presents.
If there shall be more than one Lender hereunder, each proposed Ancillary Vehicle Loan shall consist of Ancillary Vehicle Loans made simultaneously by the Lenders ratably according to their Pro Rata Share thereof.

More Definitions of Vehicle Loan

Vehicle Loan means a Loan secured by one or more motor vehicles or boats, and made subject to this Agreement and the applicable Appendix by the written agreement of the parties.

Vehicle Loan. (other than a Stayed Loan):

Vehicle Loan. A motor vehicle installment sales contract assigned to the Borrower that is secured by title to, security interests in, or liens on a motor vehicle under applicable provisions of the motor vehicle or other similar law of the jurisdiction in which the motor vehicle is titled and registered by the purchaser at the time the contract is originated, other than Vehicle Loans sold to an SPV in connection with a Permitted Securitization Transaction. Voting Stock. Stock or similar interests, of any class or classes (however designated), the holders of which are at the time entitled, as such holders, to vote for the election of a majority of the directors (or persons performing similar functions) of the corporation, association, trust or other business entity involved, whether or not the right so to vote exists by reason of the happening of a contingency.

Vehicle Loan has the meaning set forth in Section 2.3.1(a).