Purpose of New Vehicle Floorplan Loans. The New Vehicle Floorplan Borrowers shall use the proceeds of the New Vehicle Floorplan Loans to finance Eligible New Vehicles owned by the New Vehicle Floorplan Dealerships (including to re-finance Former Lender Loans and advances under the Existing Loan Agreement) and to refinance New Vehicle Swing Line Loans.
Appears in 2 contracts
Samples: Loan Agreement (Lithia Motors Inc), Loan Agreement (Lithia Motors Inc)
Purpose of New Vehicle Floorplan Loans. The New Vehicle Floorplan Borrowers shall use the proceeds of the New Vehicle Floorplan Loans to finance Eligible New Vehicles owned by the New Vehicle Floorplan Dealerships (including to re-finance refinance Former Lender Loans and advances under the Existing Loan AgreementLoans) and to refinance New Vehicle Swing Line Loans.
Appears in 2 contracts
Samples: Loan Agreement (Lithia Motors Inc), Loan Agreement (Lithia Motors Inc)
Purpose of New Vehicle Floorplan Loans. The New Vehicle Floorplan Borrowers shall use the proceeds of the New Vehicle Floorplan Loans to finance Eligible New Vehicles owned by the New Vehicle Floorplan Dealerships (including to re-finance Former Lender Loans and advances under the Existing Loan Agreement) and to refinance New Vehicle Swing Line Loans.52 13483422v8
Appears in 1 contract
Samples: Loan Agreement (Lithia Motors Inc)
