Common use of Notice of Types of Floor Plan Loans and Interest Periods Clause in Contracts

Notice of Types of Floor Plan Loans and Interest Periods. (a) On or before 10:00 A.M. HOUSTON, TEXAS TIME, three (3) Business Days prior to each Floor Plan Adjustment Date, the Company shall provide written (including via fax) Request for Borrowing to the Floor Plan Agent designating the Type of Floor Plan Loans which will be outstanding commencing on the Floor Plan Adjustment Date immediately following such notice until the next succeeding Floor Plan Adjustment Date. If, for any reason, the Company does not deliver the Request for Borrowing as herein provided, including, without limitation providing for three (3) Business Days' notice, the Company shall be deemed to have delivered the Request for Borrowing and requested that on the Floor Plan Adjustment Date all Floor Plan Loans be Comerica Prime Rate Borrowings.

Notice of Types of Floor Plan Loans and Interest Periods. (a) On or before 10:00 A.M. HOUSTONa.m. Houston, TEXAS TIMETexas time, three (3) Business Days prior to the last Business Day of each Floor Plan Adjustment Datecalendar month, the Company shall provide a written (including via faxfacsimile) Request for Borrowing to the Floor Plan Agent designating the Type of Floor Plan Loans which will be outstanding commencing on the Floor Plan Adjustment Date immediately following such notice until the next succeeding Floor Plan Adjustment Date. If, for any reason, the Company does not deliver the Request for Borrowing as herein provided, including, without limitation providing for three (3) Business Days' ’ notice, the Company shall be deemed to have delivered the Request for Borrowing and requested that on the such Floor Plan Adjustment Date all Floor Plan Loans be Comerica Prime Rate Eurodollar Borrowings.

Notice of Types of Floor Plan Loans and Interest Periods. (a) On or before 10:00 A.M. HOUSTONa.m. Houston, TEXAS TIMETexas time, three (3) Business Days prior to each Floor Plan Adjustment Date, the Company shall provide a written (including via faxfacsimile) Request for Borrowing to the Floor Plan Agent designating the Type of Floor Plan Loans which will be outstanding commencing on the Floor Plan Adjustment Date immediately following such notice until the next succeeding Floor Plan Adjustment Date. If, for any reason, the Company does not deliver the Request for Borrowing as herein provided, including, without limitation providing for three (3) Business Days' ’ notice, the Company shall be deemed to have delivered the Request for Borrowing and requested that on the such Floor Plan Adjustment Date all Floor Plan Loans be Comerica Prime Rate Eurodollar Borrowings.

Notice of Types of Floor Plan Loans and Interest Periods. (a) On or before 10:00 A.M. HOUSTONa.m. Houston, TEXAS TIMETexas time, three (3) Business Days prior to each Floor Plan Adjustment Date, the Company shall provide written (including via fax) Request for Borrowing to the Floor Plan Agent designating the Type of Floor Plan Loans which will be outstanding commencing on the Floor Plan Adjustment Date immediately following such notice until the next succeeding Floor Plan Adjustment Date. If, for any reason, the Company does not deliver the Request for Borrowing as herein provided, including, without limitation providing for three (3) Business Days' notice, the Company shall be deemed to have delivered the Request for Borrowing and requested that on the Floor Plan Adjustment Date all Floor Plan Loans be Comerica Prime Rate Borrowings.