Common use of Floor Plan Remedies Clause in Contracts

Floor Plan Remedies. (a) Upon the occurrence of a Floor Plan Event of Default under Section 11.3(a), Section 11.3(b), Section 11.3(d), Section 11.3(e), Section 11.3(h), Section 11.3(i), Section 11.3(j), Section 11.3(k), or Section 11.3(l) the Agent may, and at the direction of the Required Lenders, shall instruct the Floor Plan Agent to (i) make no further Loans to such Floor Plan Borrower during the continuance of such Floor Plan Event of Default, and (ii) suspend and terminate the Drafting Agreements with respect to such Floor Plan Borrower during the continuance of such Floor Plan Event of Default. Notwithstanding the foregoing, the Lenders shall continue to make Floor Plan Loans available to all Floor Plan Borrowers with respect to which no Floor Plan Event of Default has occurred until otherwise provided in Section 11.3(c) above.

Floor Plan Remedies. (a) Upon the occurrence of a Floor Plan Event of Default under Section 11.3(a), Section 11.3(b), Section 11.3(d), Section 11.3(e), Section 11.3(h), Section 11.3(i), Section 11.3(j), Section 11.3(k), or Section 11.3(l) the Agent may, and at the direction of the Required Lenders, shall instruct the Floor Plan Agent to shall: (i) (A) make no further Loans to such Floor Plan Borrower during the continuance of such Floor Plan Event of Default, and (iiB) suspend and terminate the Drafting Agreements with respect to such Floor Plan Borrower during the continuance of such Floor Plan Event of Default. Notwithstanding the foregoing, the Lenders shall continue to make Floor Plan Loans available to all Floor Plan Borrowers with respect to which no Floor Plan Event of Default has occurred until otherwise provided in Section 11.3(c) above.

Floor Plan Remedies. (a) Upon the occurrence of a Floor Plan Event of Default under Section 11.3(a), Section 11.3(b), Section 11.3(d), Section 11.3(e), Section 11.3(h), Section 11.3(i), Section 11.3(j), Section 11.3(k), or Section 11.3(l) the Agent may, and at the direction of the Required Lenders, shall instruct the Floor Plan Agent to (i) make no further Loans to such Floor Plan Borrower during the continuance of such Floor Plan Event of Default, and (ii) suspend and terminate the Drafting Agreements with respect to such Floor Plan Borrower during the continuance of such Floor Plan Event of Default. Notwithstanding the foregoing, the Lenders shall continue to make Floor Plan Loans available to all Floor Plan Borrowers with respect to which no Floor Plan Event of Default has occurred until otherwise provided in Section 11.3(c11.4(c) abovebelow.