Automobile Dealership means any person or entity who has purchased new Vehicles (as defined below in Paragraph 25) for resale or lease.
Automobile Dealership means a business that operates a dealership or dealerships for the retail sales of new and/or used automobiles or trucks and businesses ancillary to the operation of such dealerships owned or operated by the Borrower or its Subsidiaries, including service and parts operations, body shops, the sale of finance, extended warranty and insurance products (including after-market items), the financing of the purchase of new and/or used vehicles and the purchase, sale and servicing of finance contracts for new and/or used vehicles.
Automobile Dealership means a retail business primarily housed in a structure and characterized by a mixture of related uses upon a commercial site; however, the principal use of the site shall be the marketing of new or used automobiles, whether by sale, rent, lease, or other commercial or financial means. Secondary supporting uses may also exist upon the same site, such as maintenance, repair and service areas, parts storage areas, and financial service areas.
Examples of Automobile Dealership in a sentence
When used herein the following terms shall have the following meanings: Acquisition means an acquisition by the Company or any Subsidiary of all or substantially all the assets of a business unit or a controlling interest in the capital stock or other ownership interests of an Automobile Dealership, whether through a purchase, merger, consolidation or otherwise.
The Borrower will cause a minimum of six floor plan audits to be performed annually by Floor Plan Providers (or other external auditors) with respect to each Automobile Dealership presently owned or hereafter acquired by the Borrower and its Subsidiaries.
If each Provider declines to provide any such requested Floor Plan Financing, the Automobile Dealership that requested the same may then obtain such requested Floor Plan Financing from another Person.
Lessor hereby leases to Lessee, and Lessee hereby leases from Lessor, certain premises consisting of Automobile Dealership facilities at 6903, 6905, 6907, 6913, 0000 X.
For purposes hereof, a Provider will be deemed to have declined to provide any Floor Plan Financing requested by an Automobile Dealership in writing if it shall have failed to respond to such Automobile Dealership within ten Business Days of receiving such written request.
More Definitions of Automobile Dealership
Automobile Dealership or "Dealership" means any existing or new business selling or intending to sell new passenger vehicles, sport utility vehicles and/or pickup trucks (collectively referred to as "motor vehicles") pursuant to a California Vehicle Dealer License and a franchise, license or similar agreement granted by a motor vehicle manufacturer within the City and engaging in related ancillary activities such as the sale of previously owned motor vehicles, the repair of motor vehicles, the sale of parts and automotive merchandise, the leasing of new or used motor vehicles, and motor vehicle dealership administration.
Automobile Dealership or “Dealer” means a franchised entity or person authorized to engage in the business of selling and / or leasing Vehicles at retail in the United States.
Automobile Dealership means the premises for the display and sale of new or used automobiles and light duty trucks less than 5000 kilograms G.V.W. (11,023 lbs.). This does not include recreation vehicles, boats, trailers, campers and the like.
Automobile Dealership means a business that operates one or more dealerships for the retail sale, or retail sale and lease, of new and/or used automobiles or trucks and businesses ancillary to the operation of dealerships owned or operated by the Company or its Subsidiaries, including service and parts operations, body shops, the sale of finance, extended warranty and insurance products (including after-market items), the financing of the purchase of new and/or used vehicles, the purchase, sale and servicing of finance contracts for new and/or used vehicles and other related businesses. Borrower - see the Preamble.
Automobile Dealership means a business that operates one or more dealerships for the retail sale, or retail sale and lease, of new and/or used automobiles or trucks and businesses ancillary to the operation of dealerships owned or operated by the Company or its Subsidiaries, including service and parts operations, body shops, the sale of finance, extended warranty and insurance products (including after-market items), the financing of the purchase of new and/or used vehicles, the purchase, sale and servicing of finance contracts for new and/or used vehicles and other related businesses. Borrowing Base means, at any time, the sum of the following: (a) an amount equal to 100% of the sum of (i) all cash on deposit at such time in deposit accounts of the Company, its Collateral Subsidiaries and Lithia Real Estate in which the Agent has a perfected security interest pursuant to the Collateral Documents, (ii) the amount at such time requested to be funded to the Company and its Collateral Subsidiaries in respect of retail installment contracts with respect to, and retail leases of, Motor Vehicles where the underlying contracts and leases have been submitted in the ordinary course of business to a third party purchaser that is a financial institution and that is not an Affiliate of the Company for which purchase the Company and its Collateral Subsidiaries have not yet been paid plus all other amounts owing at such time to the Company and its Collateral Subsidiaries from purchasers or lessees of such Motor Vehicles in respect of such purchases or leases and (iii) the difference between (x) the Acquisition Cost of that portion of the Inventory of the Company and its Collateral Subsidiaries that consists of New Motor Vehicles and (y) the aggregate amount of Floor Plan Financing of the Company and its Collateral Subsidiaries incurred in connection with such New Motor Vehicles; (b) an amount equal to 65% of the Accounts of the Company and its Collateral Subsidiaries that consist of Factory Receivables or Accounts owing from customers for service and parts; (c) an amount equal to 60% of the Accounts of the Company and its Collateral Subsidiaries that would be listed as "note and lease receivables" on a consolidated balance sheet of the Company and its Collateral Subsidiaries at such time; (d) an amount equal to 65% of the book value of the Inventory of the Company and its Collateral Subsidiaries that consists of parts and accessories; (e) an amount equal to 80% of the difference between (i)...
Automobile Dealership means any organization selling vehicles that can be found in the yellow pages and/or that have a tax ID number and dealer plates.
Automobile Dealership means a business that operates a dealership or dealerships for the retail sales of new and/or used automobiles or trucks and businesses ancillary to the operation of such dealerships owned or operated by the Company or its Subsidiaries, including service and parts operations, body shops, the sale of finance, extended warranty and insurance products (including after-market items), the financing of the purchase of new and/or used vehicles, the purchase, sale and servicing of finance contracts for new and/or used vehicles and other related businesses. Base LIBO Rate - see definition of "Interest Rate."