Common use of Nonfloorplan Agreements Between Seller and Dealer Clause in Contracts

Nonfloorplan Agreements Between Seller and Dealer. (a) With respect to a Dealer that is the obligor under Sold Receivables, the Seller may be or become a lender to such Dealer under an agreement or arrangement other than a Floorplan Financing Agreement pursuant to which the Seller has been granted a Lien in the same Vehicle in which the Floorplan Financing Agreement for such Dealer creates a Lien.

Nonfloorplan Agreements Between Seller and Dealer. (a) With respect to a any Dealer that is the obligor under Sold ReceivablesReceivables that have been or will be sold to the Purchaser hereunder, the Seller may be or become a lender to such Dealer under an agreement or arrangement other than a Floorplan Financing Nonfloorplan Agreement pursuant to which the Seller (either directly, or as assignee of the originator of the Account) has been or may be granted a Lien security interest in the same Common Collateral, which Common Collateral may include Common Vehicle in which the Floorplan Financing Agreement for such Dealer creates a LienCollateral.