Floor Plan Agreement definition

Floor Plan Agreement means the agreement in form and manner satisfactory to Lender by and between Rosedale and Borrowers pursuant to which Rosedale has made an unqualified agreement to provide floor plan financing of Inventory to Borrowers, a copy of which is attached hereto as Exhibit E, which may only be modified, amended, or changed in compliance with the Rosedale Intercreditor Agreement.
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Floor Plan Agreement means that certain Dealer Floor Plan and Security Agreement, dated September 28, 2007, among Super Store, Powerboats, the Bank and the Pledgor.
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Floor Plan Agreement shall have the meaning set forth in Exhibit X hereto (item 16).
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Examples of Floor Plan Agreement in a sentence

  • Bank may at its discretion amend or modify any term or provision of this Floor Plan Agreement, Security Agreement or any other agreements pertaining to this Agreement, with any change to be effective 15 days after mailing of notice to Borrower.

  • Borrower acknowledges and agrees that notwithstanding any provisions of any Note, Floor Plan Agreement, Security Agreement or any other documents executed in connection with a Note, Floor Plan Agreement and Security Agreement, the Bank has no obligation to make any Advance, and that all Advances are at the sole discretion of Bank.

  • The overline debt shall bear interest at the rate specified for debt under the Line, and shall be governed by all the terms and conditions of this Agreement and the other Loan Documents and shall be secured by all Collateral for the Line, and all items of inventory financed by the overline debt shall secure all debt under the Line including the overline and be governed by all terms of the Security Agreement, Floor Plan Agreement and Note.

  • This Agreement shall be administered by the Board of Directors of the Company (the “Board”), or by the Administrative Committee.

  • This Floor Plan Agreement shall be deemed to have been made in the State of Georgia at the address indicated above, and shall be governed by, and construed in accordance with, the laws of the State of Georgia, and is performable in the State of Georgia.

  • Any sums Bank may Advance in excess of the face amount of the Note shall also be part of the principal amount the Borrower is obligated to pay Bank and shall be subject to all the terms of the Note, Security Agreement, and this Floor Plan Agreement.

  • The terms of any commitment letter issued by Bank to Borrower for this Line are incorporated herein by reference, except to the extent that such terms are inconsistent with the terms of this Floor Plan Agreement, Security Agreement or Note.

  • Neither this Floor Plan Agreement nor any interest in it may be assigned or otherwise voluntarily or involuntarily transferred by Borrower without Bank's prior written approval.

  • Borrower shall make payment to Bank immediately upon notice of demand being given to Borrower pursuant to paragraph 29 (NOTICES) of the Floor Plan Agreement.

  • Debtor shall pay to Secured Party on demand all expenses and expenditures, including attorney fees, plus interest thereon at the highest legal rate per annum, pursuant to the provisions of the Floor Plan Agreement, Floor Plan Note and this Security Agreement.


More Definitions of Floor Plan Agreement

Floor Plan Agreement means that certain Dealer Floor Plan Agreement, dated September 28, 2007, by and among the Affiliate Guarantor, the Borrower, the Parent and the Bank.
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Related to Floor Plan Agreement

  • Plan Agreement means a written agreement, as may be amended from time to time, which is entered into by and between an Employer and a Participant. Each Plan Agreement executed by a Participant and the Participant’s Employer shall provide for the entire benefit to which such Participant is entitled under the Plan; should there be more than one Plan Agreement, the Plan Agreement bearing the latest date of acceptance by the Employer shall supersede all previous Plan Agreements in their entirety and shall govern such entitlement. The terms of any Plan Agreement may be different for any Participant, and any Plan Agreement may provide additional benefits not set forth in the Plan or limit the benefits otherwise provided under the Plan; provided, however, that any such additional benefits or benefit limitations must be agreed to by both the Employer and the Participant.

  • Salary Reduction Agreement means an agreement between a dis- trict and an employee to reduce the employee’s salary for the pur- pose of making direct contributions to or purchases of a qualified investment product. Art. 6228a-5, Sec. 4(5), Tex. Rev. Civ. Stat.

  • Participation Agreement means an agreement between an employee and the Company in substantially the form of Appendix A attached hereto, and which may include such other terms as the Committee deems necessary or advisable in the administration of the Plan.

  • Addendum / Amendment means any written amendment / addendum /corrigendum to this RFP, from time to time issued by NMRC to the prospective bidders

  • Terms-of-service agreement means an agreement that controls the relationship between a user and a custodian.