Common use of FLOORING AND LINES OF CREDIT Clause in Contracts

FLOORING AND LINES OF CREDIT. Retailer agrees to obtain and maintain at all times a confirmed and adequate flooring line with a bank or financial institution or other method of financing acceptable to MBUSA to enable Retailer to perform its obligations pursuant to this Agreement. MBUSA may increase the required amounts of flooring or lines of credit, and Retailer agrees promptly to establish and maintain the increased amount. Subject to the foregoing obligations, Retailer is free to do its financing business, wholesale, retail or both, with whomever it chooses and to engage in retail financing activity to the extent it desires.

FLOORING AND LINES OF CREDIT. Retailer Dealer agrees to obtain and maintain at all times a confirmed and adequate flooring line with a bank or financial institution or other method of financing acceptable to MBUSA to enable Retailer Dealer to perform its obligations pursuant to this Agreement. MBUSA may increase the required amounts of flooring or lines of credit, and Retailer Dealer agrees promptly to establish and maintain the increased amount. Subject to the foregoing obligations, Retailer Dealer is free to do its financing business, wholesale, retail or both, with whomever it chooses and to engage in retail financing activity to the extent it desires.