EMPLOYEE AND RELATED PARTY LOANS. With the exception of employee advances in the normal course of business, all employee loans and loans from Affiliates will be paid in full or otherwise transferred to third parties for cash at their book value, except for a note from North Avenue Auto, Inc.
Appears in 5 contracts
Samples: Merger Agreement (Lithia Motors Inc), Agreement and Plan of Reorganization (Lithia Motors Inc), Agreement and Plan of Reorganization (Lithia Motors Inc)
EMPLOYEE AND RELATED PARTY LOANS. With the exception of employee advances in the normal course of business, all employee loans and loans from Affiliates will be paid in full or otherwise transferred to third parties for cash at their book value, except for a note from North Avenue Auto, Inc..
Appears in 2 contracts
Samples: Agreement and Plan of Reorganization (Lithia Motors Inc), Agreement and Plan of Reorganization (Lithia Motors Inc)
