Amendment to Section 2 of the Security Agreement. Section 2 of the Security Agreement is hereby amended to expand the definition of “Secured Obligations” to expressly include the Note Indebtedness under the February 2009 Note Purchase Agreement.
Amendment to Section 2 of the Security Agreement. Section 2 of the Security Agreement dated December 15, 2016, executed by the Company, Agent, and Lender (the “Security Agreement”), is hereby amended by deleting Section 2 of the Security Agreement in its entirety and substituting the following in its place:
Amendment to Section 2 of the Security Agreement. Section 2(b) of the Security Agreement is hereby amended and restated in its entirety to read as follows: Each Floorplan Subsidiary Borrower hereby grants as collateral security for the payment, performance and satisfaction of all Floorplan Obligations, and each other Floorplan Subsidiary Grantor hereby grants as collateral security for the payment, performance and satisfaction of all Guarantors’ Obligations (as defined in the Floorplan Subsidiary Guaranty) and the payment and performance of its obligations and liabilities (whether now existing or hereafter arising) hereunder or under any of the other Floorplan Loan Documents to which it is now or hereafter becomes a party (such obligations and liabilities of the Floorplan Subsidiary Borrowers and the other Floorplan Subsidiary Grantors referred to collectively as the “Floorplan Secured Obligations”), to the Revolving Administrative Agent for the benefit of the Floorplan Secured Parties a continuing first priority security interest in and to, and collaterally assigns to the Revolving Administrative Agent for the benefit of the Floorplan Secured Parties, all of the personal property and trade fixtures of such Grantor or in which such Grantor has or may have or acquire an interest or the power to transfer rights therein, whether now owned or existing or hereafter created, acquired or arising and wheresoever located, including the Collateral (as defined below).
