Maximum Credit. (a) New: Sales price of Equipment, (b) Used: The maximum Floor Plan Financing for Used Equipment shall be one hundred (100%) of its “as is” wholesale value as determined by Lender’s appraisal thereof. The minimum floorplan note shall be $5,000.00.
Appears in 5 contracts
Samples: Wholesale Floor Plan Financing Agreement (Capsource Financial Inc), Securities Purchase Agreement (Capsource Financial Inc), Wholesale Floor Plan Financing Agreement (Capsource Financial Inc)
