Deemed Sales. If a Deemed Sale of a New Vehicle financed by the Lenders occurs, the New Vehicle Floorplan Borrowers shall pay to Agent the Related Principal Portion for such Vehicle no later than 6 Business Days following the date of any Deemed Sale. A “Deemed Sale” means any of the following:
Appears in 2 contracts
Samples: Loan Agreement (Lithia Motors Inc), Loan Agreement (Lithia Motors Inc)
Deemed Sales. If a Deemed Sale of a New Vehicle financed by the Lenders occurs, the New Vehicle Floorplan Flooring Loan Borrowers shall pay to Agent the Related Principal Portion for such Vehicle no later than 6 3 Business Days following the date of any Deemed Sale. A “Deemed Sale” means any of the following:
Appears in 1 contract
Samples: Loan Agreement (Lithia Motors Inc)
Deemed Sales. If a Deemed Sale of a New Vehicle financed by the Lenders occurs, the New Vehicle Floorplan Borrowers shall pay to Agent Bank the Related Principal Portion for such Vehicle no later than 6 5 Business Days following the date of any the Deemed Sale. A “Deemed Sale” means any of the following:
Appears in 1 contract
Samples: Loan and Security Agreement (Insurance Acquisition Corp.)
Deemed Sales. If a Deemed Sale of a New Vehicle financed by the Lenders occurs, the New Vehicle Floorplan Borrowers shall pay to Agent the Related Principal Portion for such Vehicle no later than 6 3 Business Days following the date of any Deemed Sale. A “Deemed Sale” means any of the following:
Appears in 1 contract
Samples: Loan Agreement (Lithia Motors Inc)
Deemed Sales. If a Deemed Sale of a New Vehicle financed by the Lenders occurs, the New Vehicle Floorplan Borrowers Borrower shall pay to Agent Lender the Related Principal Portion for such Vehicle Vehicles no later than 6 3 Business Days following the date of any the Deemed Sale. A “Deemed Sale” means any of the following:
Appears in 1 contract
