Total Credit Facility. The first paragraph of Section 1 of the Loan Agreement is hereby deleted and the following is inserted in its stead:
Total Credit Facility. The Bank agrees, subject to the terms and conditions of this Agreement, to make a total credit facility of up to $20,000,000 available to the Borrower upon its request therefor, as provided in this Section 2.
Total Credit Facility. Each Bank severally agrees, subject to the terms and conditions of this Agreement, to make a total credit facility of up to $150,000,000 available to the Borrower upon its request therefor, as provided in this Section 2.
Total Credit Facility. The first sentence of Section 3.1 is hereby deleted in its entirety and replaced with the following: "In consideration of Borrower's payment and performance of its Obligations and subject to the terms and conditions contained in this Agreement, DFS agrees to provide, and Borrower agrees to accept, an aggregate credit facility (the "Credit Facility") of up to Eighty Million Dollars ($80,000,000) ("Total Credit Limit")."
Total Credit Facility. Each Bank severally agrees, subject to the terms and conditions of this Agreement, to make a total credit facility of up to the amount of the Commitments available to the Borrower upon its request therefor, as provided in this Section 2.
Total Credit Facility. (a) In consideration of Borrower's payment and performance of its Obligations and subject to the terms and conditions contained in this Agreement, DFS agrees to provide, and Borrower agrees to accept, an aggregate credit facility (the "CREDIT FACILITy") of up to Twenty Million Dollars ($20,000,000) (the "TOTAL CREDIT LIMIT"), BUT ONLY TO THE EXTENT that DFS has received and continues to have in full force and effect, upon terms acceptable to DFS, in its sole discretion, a Participation Agreement in which the "Participant Commitment" (as defined in the Participation Agreement) is at least Ten Million Dollars ($10,000,000). The Credit Facility shall be available in the form of Working Capital Loans. No Loans need be made by DFS if Borrower is in Default or if there exists any Unmatured Default. This is an agreement regarding the extension of credit, and not the provision of goods or services.
(b) In furtherance of the foregoing, anything in this Agreement to the contrary notwithstanding, DFS shall have no obligation to make any Loan hereunder if the "PARTICIPANT COMMITMENT" (as defined in the Participation Agreement) is less than Ten Million Dollars ($10,000,000), or if there exists a default under or termination of a Participation Agreement. DFS may exercise its rights as described herein ninety (90) days after having given written notice to Borrower, and thereupon the aggregate maximum amount available for Working Capital Loans will be reduced by the amount of the terminated or nonperforming Participation Agreement(s), as the case may be; provided, however, DFS shall have no such notice obligation, and the resulting reduction shall be automatic if at such time Borrower is in Default. DFS represents and warrants to Borrower that concurrently with the execution of this Agreement, it shall enter into a Participation Agreement with Star Bank, National Association.
Total Credit Facility. In consideration of Dealer's payment and performance of its Obligations and subject to the terms and conditions contained in this Agreement, DFS agrees to provide, and Dealer agrees to accept, an aggregate credit facility (the "Credit Facility") of up to TEN MILLION DOLLARS ($10,000,000.00) ("Total Credit Limit"). The Credit Facility shall be available in the form of loans under the Floorplan Facility, Accounts Receivable Facility and the Supplemental Inventory Facility. No loans need be made by DFS if Dealer is in Default. This is an agreement regarding the extension of credit, and not the provision of goods or services.
Total Credit Facility. Section 2.1 and Section 2.2(a) of the Credit Agreement are modified to reflect that upon this Amendment becoming effective, the total credit facility referenced in Section 2.1 is in an amount up to $18,000,000 and Borrower’s right to increase the total amount of the credit facility pursuant to Section 2.2 is limited to an amount up to $15,000,000 (for a total credit facility in an aggregate principal amount of up to $33,000,000), subject to the terms and conditions of the Credit Agreement.
Total Credit Facility. Section 3.1 of the Credit Agreement is hereby amended to in its entirety to read as follows:
Total Credit Facility. The Bank agrees, subject to the terms and conditions of this Agreement, to make a total credit facility of up to $50,000,000 available to the Borrower upon its request therefor, as provided in this Section 2.
