Common use of Terminations of Vendor Agreements Clause in Contracts

Terminations of Vendor Agreements. (i) Upon termination of a Vendor Agreement or upon a material adverse change with respect to a Vendor Agreement, Administrative Agents may in their absolute discretion, cease to fund requests for Approvals and cease to make Floorplan Loan Advances with respect to such Vendor (each, a “Vendor Termination”). If a Vendor Agreement is terminated by a Vendor, CPC agrees to provide written notice to Borrowing Agent of such termination within one Business Day of CPC’s receipt of such termination notice (each, a “Pre-termination Notice”) from the Vendor, and Resellers agree that if there is no Existing Default, the provision to Borrowing Agent by CPC of the same period of pre-termination notice as provided to CPC by the applicable terminating Vendor shall be given and is reasonable and sufficient.

Terminations of Vendor Agreements. (i) Upon termination of a Vendor Agreement or upon a material adverse change with respect to a Vendor Agreement, Administrative Agents CPC may in their its absolute discretion, cease to fund requests for Approvals and cease to make Floorplan Loan Advances with respect to such Vendor (each, a “Vendor Termination”). If a Vendor Agreement is terminated by a Vendor, CPC agrees to provide written notice to Borrowing Agent Reseller of such termination within one Business Day of CPC’s receipt of such termination notice (each, a “Pre-termination Notice”) from the Vendor, and Resellers agree Reseller agrees that if there is no Existing Default, the provision to Borrowing Agent Reseller by CPC of the same period of pre-termination notice as provided to CPC by the applicable terminating Vendor shall be given and is reasonable and sufficient.

Terminations of Vendor Agreements. (i) Upon termination of a Vendor Agreement or upon a material adverse change with respect to a Vendor Agreement, Administrative Agents CPC may in their its absolute discretion, cease to fund requests for Approvals and cease to make Floorplan Loan Advances with respect to such Vendor (each, a “Vendor Termination”). If a Vendor Agreement is terminated by a Vendor, CPC agrees to provide written notice to Borrowing Agent Reseller of such termination within one Business Day of CPC’s receipt of such termination notice (each, a “Pre-termination Termination Notice”) from the Vendor, and Resellers agree Reseller agrees that if there is no Existing Default, the provision to Borrowing Agent Reseller by CPC of the same period of pre-termination notice as provided to CPC by the applicable terminating Vendor shall be given and is reasonable and sufficient.

Terminations of Vendor Agreements. (i) Upon termination of a Vendor Agreement or upon a material adverse change with respect to a Vendor Agreement, Administrative Agents CPC may in their its absolute discretion, cease to fund requests for Approvals and cease to make Floorplan Loan Advances with respect to such Vendor (each, a “Vendor TerminationVENDOR TERMINATION”). If a Vendor Agreement is terminated by a Vendor, CPC agrees to provide written notice to Borrowing Agent Reseller of such termination within one Business Day of CPC’s receipt of such termination notice (each, a “PrePRE-termination NoticeTERMINATION NOTICE”) from the Vendor, and Resellers agree Reseller agrees that if there is no Existing Default, the provision to Borrowing Agent Reseller by CPC of the same period of pre-termination notice as provided to CPC by the applicable terminating Vendor shall be given and is reasonable and sufficient.

Terminations of Vendor Agreements. (i) Upon termination of a Vendor Agreement or upon a material adverse change with respect to a Vendor Agreement, Administrative Agents may in their absolute discretion, cease to fund requests for Approvals and cease to make Floorplan Channel Finance Loan Advances with respect to such Vendor (each, a “Vendor Termination”). If a Vendor Agreement is terminated by a Vendor, CPC agrees to provide written notice to Borrowing Agent of such termination within one Business Day of CPC’s receipt of such termination notice (each, a “Pre-termination Notice”) from the Vendor, and Resellers agree that if there is no Existing Default, the provision to Borrowing Agent by CPC of the same period of pre-termination notice as provided to CPC by the applicable terminating Vendor shall be given and is reasonable and sufficient.