Turnover of All Proceeds. All amounts received by Dealership upon the sale, lease, or other disposition of any Vehicle must be paid to the Ally Parties even if it exceeds the specific amount for which the Ally Parties provided Inventory Financing for that Vehicle. Payments may be applied by the Ally Parties to the Obligations, as determined by the Ally Parties, unless otherwise required by law.
Appears in 7 contracts
Samples: Inventory Financing and Security Agreement (Carvana Co.), Inventory Financing and Security Agreement (Carvana Co.), Inventory Financing and Security Agreement (CarLotz, Inc.)
Turnover of All Proceeds. All amounts received by Dealership or Vroom upon the sale, lease, or other disposition of any Vehicle must be paid to the Ally Parties even if it exceeds the specific amount for which the Ally Parties provided Inventory Financing for that Vehicle. Payments may be applied by the Ally Parties to the Obligations, as determined by the Ally Parties, unless otherwise required by law.
Appears in 2 contracts
Samples: Inventory Financing and Security Agreement (Vroom, Inc.), Inventory Financing and Security Agreement (Vroom, Inc.)
Turnover of All Proceeds. All amounts received by Dealership or Guarantor upon the sale, lease, or other disposition of any Vehicle must be paid to the Ally Parties even if it exceeds the specific amount for which the Ally Parties provided Inventory Financing for that Vehicle. Payments may be applied by the Ally Parties to the Obligations, as determined by the Ally Parties, unless otherwise required by law.
Appears in 1 contract
Samples: Inventory Financing and Security Agreement (Shift Technologies, Inc.)
