Floor Plan Financing Clause Samples
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Floor Plan Financing. Promptly following the Closing, Purchaser and Malibu shall take commercially reasonable efforts to replace (or cause the replacement of) all dealer floor-plan financing arrangements for the Business with dealer floor-plan financing arrangements sponsored by Malibu or Purchaser.
Floor Plan Financing. The Company shall have obtained -------------------- appropriate floor plan financing, as reasonably acceptable to FirstAmerica as necessary for the operation of the automobile franchise which is operated by the Company immediately prior to the Closing.
Floor Plan Financing. Subject to the receipt of -------------------- Manufacturer Approvals (as defined in the Management Agreement), the floor plan financing of Seller.
Floor Plan Financing. Subsidiary shall have obtained -------------------- appropriate floor plan financing, as reasonably acceptable to FirstAmerica as necessary for the operation of the automobile franchise which is operated by the Company immediately prior to the Closing.
Floor Plan Financing. Without limiting the generality of Section 6.7.8, Purchaser shall have assumed the existing floor plan debt held by Cycle Capital Corp. pursuant to an assumption in form and substance satisfactory to Seller and its counsel, and shall have delivered such assumption to Escrow Agent.
Floor Plan Financing. The Borrower and the Guarantors shall continue to maintain at all times Floor Plan Financing Availability of not less than $100,000,000 on terms and conditions satisfactory to the Agent.
Floor Plan Financing. FAA Concord H, Inc. shall have obtained -------------------- appropriate floor plan financing, as reasonably acceptable to FirstAmerica as necessary for the operation of the automobile franchise which is operated by the Company immediately prior to the Closing.
Floor Plan Financing. Buyer shall have entered into a definitive agreement with GE Commercial Distribution Finance Corporation reasonably acceptable to Buyer providing for a long-term floor plan financing arrangement for the Acquired Business.
Floor Plan Financing. Prior to each Closing, Buyer shall arrange replacement Floor Plan Financing arrangements for the Floor Plan Financing of each applicable New Car Entity included in such Closing, with such replacement Floor Plan Financing arrangements to be effective as of such Closing. No later than five (5) Business Days prior to the applicable Closing Date, Buyer shall furnish to Parent evidence reasonably satisfactory to Parent that all such replacement Floor Plan Financing arrangements for the Floor Plan Financing of each applicable New Car Entity included in such Closing will be in effect as of immediately following such Closing.