Vehicle Repurchase Agreements definition

Vehicle Repurchase Agreements means any agreements entered into between Rental LP and Eligible Manufacturers or Approved Dealers pursuant to which such Eligible Manufacturers or Approved Dealers will be obligated to purchase Rental LP Vehicles from Rental LP, and in respect of which the Rating Agency Condition has been satisfied.
Sample 1

Examples of Vehicle Repurchase Agreements in a sentence

  • For the purposes of Sections 5.6(a), (b) and (e), any reference to a particular percentage of Rental LP Vehicles is a reference to a percentage of the aggregate of the Current Book Value of such Vehicles, and the amount of receivables from Eligible Manufacturers then outstanding in respect of the repurchase of Rental LP Vehicles pursuant to Vehicle Repurchase Agreements with such Eligible Manufacturers.

  • The Servicer will provide to the Indenture Trustee, the Series 2012-1 Noteholders and the Rating Agencies copies of all Vehicle Repurchase Agreements entered into by Rental LP promptly after they have been entered into by Rental LP and, in any event, within 30 days after they have been entered into by Rental LP.

  • Each of such Vehicle Repurchase Agreements, as amended from time to time, is in full force and effect, and neither Rental LP nor, to the best of the Servicer’s knowledge (after due enquiry), any of the Manufacturers, is (or with the giving of notice or lapse of time or both would be) in breach of any condition, representation, warranty or covenant contained therein.

  • The Servicer has provided true and complete copies of each of such Vehicle Repurchase Agreements to the Indenture Trustee and each Series 2012-1 Noteholder.

  • The Servicer hereby represents and warrants that as of the date hereof and each Increase Date, the Vehicle Repurchase Agreements listed in Schedule F or provided to the Indenture Trustee and the Series 2012-1 Noteholders pursuant to section 5.5(d) represent all of the Vehicle Repurchase Agreements that Rental LP has entered into with Manufacturers relating to the resale of Vehicles.

  • The purchase price for the resale of Vehicles under each of such Vehicle Repurchase Agreements will not be reduced by the amount of any allowances or rebates paid by the relevant Manufacturer to Rental LP upon the purchase of such Vehicles by Rental LP from the relevant Manufacturer or Dealer (or, in the case of vehicles purchased by Rental LP from Funding LP, upon the purchase of such Vehicles by Funding LP from the relevant Manufacturer or Dealer).

Related to Vehicle Repurchase Agreements

  • Reverse Repurchase Agreement means an agreement pursuant to which the Fund sells Securities and agrees to repurchase such Securities at a described or specified date and price.

  • Master Repurchase Agreement means the Master Repurchase Agreement of even date herewith between the Trust and Bear, Xxxxxxx & Co. Inc. as it may from time to time be amended.

  • Receivables Purchase Agreement means the Receivables Purchase Agreement dated as of October 1, 2007, between the Issuer, the Depositor and the Receivables Seller, as the same may be amended, modified or supplemented from time to time.

  • Note Purchase Agreements means (i) that certain Note Purchase Agreement, dated as of April 16, 2014 among the Parent, the Borrower, and the purchasers party thereto, (ii) that certain Note Purchase Agreement, dated as of December 18, 2014 among the Parent, the Borrower, and the purchasers party thereto, and (iii) that certain Note Purchase Agreement, dated as of June 13, 2018, among the Parent, the Borrower, and the purchasers party thereto, in each case as amended from time to time.

  • Advance Purchase Agreements means (a) an advance or deferred purchase agreement if the agreement is in respect of the supply of assets or services and payment in the normal course of business with credit periods which are normal for the relevant type of project contracts, or (b) any other trade credit incurred in the ordinary course of business.

  • Repurchase Agreement means a simultaneous agreement to buy, hold for a specified time, and sell back at a future date obligations, described by Government Code 2256.009(a)(1) (obligations of gov- ernmental entities) or 2256.013 (commercial paper) or if applicable, 2256.0204 (corporate bonds), at a market value at the time the funds are disbursed of not less than the principal amount of the funds disbursed. The term includes a direct security repurchase agreement and a reverse security repurchase agreement. Gov’t Code 2256.011(b)

  • Purchase Agreements has the meaning set forth in the Recitals.

  • hire-purchase agreement means an agreement, other than a conditional sale agreement, under which—

  • Equity Purchase Agreement is defined in the recitals.

  • Share Purchase Agreement has the meaning set forth in the Recitals.

  • Lease-purchase agreement means an agreement for the use of personal property by an individual for personal, family or household purposes, for an initial period of four months or less, that is automatically renewable with each payment after the ini- tial period, but does not obligate or require the consumer to continue leasing or using the property beyond the initial period, and that permits the consumer to become the owner of the property.

  • Sale and Purchase Agreement means all the agreements entered into from time to time (whether before, on or after the date of this Agreement) by the Borrower for the sale of the Units and shall include any one or more or all of the Sale and Purchase Agreements.

  • Note Purchase Agreement means the Note Purchase Agreement, dated as of the Issuance Date, among the Company, the Subordination Agent, the Escrow Agent, the Paying Agent, and the Pass Through Trustee under each Pass Through Trust Agreement providing for, among other things, the issuance and sale of certain equipment notes, as the same may be amended, supplemented or otherwise modified from time to time in accordance with its terms.

  • Original Purchase Agreement has the meaning set forth in the recitals to this Agreement.

  • Stock Purchase Agreements the meaning set forth in the recitals to this Agreement.

  • Additional Purchase Agreement means each Additional Purchase Agreement (including the related Additional Xxxx of Sale, the related Blanket Endorsement and any attachments thereto), substantially in the form of Attachment C hereto (of which these Master Terms form a part by reference, provided that in the event of a substitution, the form will be modified accordingly), to be executed by SLM ECFC, Funding and the Interim Eligible Lender Trustee for the benefit of Funding, which certifies that the representations and warranties made by SLM ECFC as set forth in Sections 5(A) and (B) of these Master Terms are true and correct as of the related Purchase Date.

  • Receivables Purchase Documents means those documents entered into in connection with any series of receivables purchase or sale agreements generally consistent with terms contained in comparable structured finance transactions pursuant to which the Borrower or any of its Subsidiaries, in their respective capacities as sellers or transferors of any receivables, sell or transfer to SPCs all of their respective rights, title and interest in and to certain receivables for further sale or transfer to other purchasers of or investors in such assets (and the other documents, instruments and agreements executed in connection therewith), as any such agreements may be amended, restated, supplemented or otherwise modified from time to time, or any replacement or substitution therefor.

  • Loan Purchase Agreement The Loan Purchase Agreement described in the Recitals to this Agreement, which Loan Purchase Agreement incorporates the terms of the Aurora Loan Services Seller Guide, as the same may be amended from time to time.

  • Subsequent Mortgage Loan Purchase Agreement The agreement between the Depositor and the Seller regarding the transfer of the Subsequent Mortgage Loans by the Seller to the Depositor.

  • Purchase Agreement shall have the meaning set forth in the preamble.

  • Mortgage Loan Purchase Agreement The agreement between the Seller and the Depositor, regarding the transfer of the Mortgage Loans by the Seller to or at the direction of the Depositor, substantially in the form of Exhibit D annexed hereto.

  • Asset Purchase Agreement has the meaning set forth in the Recitals.

  • Sale Agreements This Agreement, the Current Excess Servicing Spread Acquisition Agreement for FHLMC Mortgage Loans, the Current Excess Servicing Spread Acquisition for GNMA Mortgage Loans and the Current Excess Servicing Spread Acquisition Agreement for Non-Agency Mortgage Loans.

  • Unit Purchase Agreement means the Common Unit and Class B Unit Purchase Agreement, dated as of December 1, 2006, among the Partnership and the purchasers named therein.

  • Specified Purchase Agreement Representations means the representations and warranties made by the Seller or the Company in the Purchase Agreement as are material to the interests of the Lenders, but only to the extent that the Borrower (or the Borrower’s Affiliates) has the right (taking into account any applicable cure provisions) to terminate the Borrower’s (or such Affiliates’) obligations under the Purchase Agreement, or to decline to consummate the Acquisition (in each case, in accordance with the terms thereof), as a result of a breach of such representations and warranties.

  • Aircraft Purchase Agreement Has the meaning specified in the NPA.