Common use of THE RECITALS Clause in Contracts

THE RECITALS. The essential facts relied on by Bank, Ally, Dealership and Guarantor as true and complete, and giving rise to this Amendment, are as follows: A. The Ally Parties, Dealership, and Guarantor are parties to an Inventory Financing and Security Agreement, effective as of December 9, 2021, as amended by the Amendment to Inventory Financing and Security Agreement, effective as of February 7, 2023 (as amended, modified, restated, or replaced, the “IFSA”). B. The Parties to this Amendment desire to amend the IFSA as outlined in this Amendment.

THE RECITALS. The essential facts relied on by Bank, Ally, Dealership and Guarantor Vroom as true and complete, and giving rise to this Amendment, are as follows: A. The Ally Parties, Dealership, Dealership and Guarantor Vroom are parties to an Inventory Financing and Security Agreement, effective as of December 9March 6, 2021, as amended by the Amendment to Inventory Financing and Security Agreement, effective as of February 7, 2023 2020 (as amended, modified, restated, or replaced, the “IFSA”). B. The Parties parties to this Amendment desire to amend the IFSA as outlined in this Amendment.

THE RECITALS. The essential facts relied on by Bank, Ally, Dealership and Guarantor Vroom as true and complete, and giving rise to this Amendment, are as follows: A. The Ally Parties, Dealership, Dealership and Guarantor Vroom are parties to an Amended and Restated Inventory Financing and Security Agreement, effective as of December 9November 4, 2021, as amended by the Amendment to Inventory Financing and Security Agreement, effective as of February 7, 2023 2022 (as amended, modified, restated, or replaced, the “IFSA”). B. The Parties parties to this Amendment desire to amend the IFSA as outlined in this Amendment.

THE RECITALS. The essential facts relied on by Bank, Ally, Dealership and Guarantor Vroom as true and complete, and giving rise to this Amendment, are as follows: A. The Ally Parties, Dealership, Dealership and Guarantor Vroom are parties to an Inventory Financing and Security Agreement, effective as of December 9March 6, 20212020, as amended by the First Amendment to Inventory Financing and Security Agreement, effective as of February 7June 19, 2023 2020 (as amended, modified, restated, or replaced, the “IFSA”). B. The Parties parties to this Amendment desire to amend the IFSA as outlined in this Amendment.