Floor Plan Units definition

Floor Plan Units means inventory of the Borrowers consisting of recreational vehicles and/or towables sold or leased by the Borrowers in the ordinary course of their businesses. Floor Plan Units do not include supplies or spare parts inventory.
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Floor Plan Units means and includes all inventory of the Company consisting of recreational vehicles and/or towables that are owned and held for sale or lease by the Company in the ordinary course of its business, it being acknowledged and agreed that Floor Plan Units shall not include supplies or spare parts inventory);
Sample 1
Floor Plan Units means inventory of the Borrower and its restricted subsidiaries consisting of automobiles, motorcycles, power sports vehicles or any other vehicle sold or leased by the Borrower or its restricted subsidiaries in the ordinary course of their business. Floor Plan Units do not include supplies or spare parts inventory.
Sample 1

Examples of Floor Plan Units in a sentence

  • Any previously executed Agreement for the Delayed Payment Privilege for New Floor Plan Units among the Borrowers and GE Capital is superseded by the terms and conditions of this Agreement for all transactions arising on or after the effective date thereof.

  • The Administrative Agent may at any time in its sole and absolute discretion establish limits on the aggregate outstanding amount of any Floor Plan Loans available to be used by the Borrowers to finance purchases of Eligible New Floor Plan Units from a particular Manufacturer, supplier or dealer.

  • Additionally, all listings of assets delivered to the Administrative Agent or the Lenders pursuant to the Agreement must clearly identify the Floor Plan Units that are subject to the Hurricane Program.

  • Units, Specified New Floor Plan Units, Eligible Rental Floor Plan Units or Permitted Company Vehicles no later than 48 hours after the delivery of such Eligible New Floor Plan Units, Specified New Floor Plan Units, Eligible Rental Floor Plan Units or Permitted Company Vehicles.

  • For purposes of this Section 2.02 , a change in the status of a manufacturer or supplier of Floor Plan Units from one Manufacturer Category to another (or removal of a manufacturer or supplier from a Manufacturer Category) shall not impact the advance rates applied pursuant to Section 2.02(b) with respect to any Floor Plan Loans advanced prior to the date of any such change.

  • Any previously executed Agreement for the Delayed Payment Privilege for New Floor Plan Units between Debtors and Secured Party is superseded by the terms and conditions of this Agreement for all Delayed Payment Privilege transactions arising on or after the effective date thereof.

  • The Administrative Agent, in its sole discretion, may change the Manufacturer Category of any manufacturer or supplier of Floor Plan Units (or add a manufacturer or supplier to, or remove a manufacturer or supplier from, a Manufacturer Category) from time to time pursuant to Section 2.02(e) .

  • Each Borrower agrees to use its reasonable best efforts to cause the manufacturers or other suppliers of Floor Plan Units to enter into Eligible Repurchase Agreements.

  • In view of this finding the Tribunal, therefore, allowed the appeal and ordered the amount of goodwill to be deleted from the assessment.

  • For purposes of this Section 2.09 , a change in the status of a manufacturer or supplier of Floor Plan Units from one Manufacturer Category to another (or the addition of a manufacturer or supplier to, or removal of a manufacturer or supplier from, a Manufacturer Category) shall not impact the principal curtailments applicable pursuant to this Section with respect to any Floor Plan Loans advanced prior to the date of any such change.


More Definitions of Floor Plan Units

Floor Plan Units means inventory of the Borrower and its restricted subsidiaries consisting of automobiles, motorcycles, power sports vehicles or any other vehicle sold or leased by the Borrower or its restricted subsidiaries in the ordinary course of their business. Floor Plan Units do not include supplies or spare parts inventory.
Sample 1

Related to Floor Plan Units

  • Units means the units of the Company, each comprised of one share of Common Stock and one-half of one Warrant.

  • Residential Units means individually or collectively (as the context requires), any or all residential apartment unit(s) in the Project.

  • Core Units means such Units of the Trust that are issued to Core Investors with the condition that these are not redeemable for a period of two years from the close of the First Offer Period. Such Units are transferable with this condition, but otherwise shall rank pari passu with all other Units, save for this restriction. Any transfer of the Core Units, during the first two years of their issue as mentioned herein, shall be affected only on the receipt by the Registrar of a written acceptance of this condition by the transferee.

  • Common Units is defined in the Partnership Agreement.

  • Partnership Units or “Units” has the meaning provided in the Partnership Agreement.

  • car-share parking space means a parking space that is reserved and actively used for car-sharing;

  • Class C Common Stock means the Class C Common Stock, par value $0.01 per share, of the Company.

  • Building Square Footage or "BSF" means the square footage of assessable internal living space of a Unit, exclusive of any carports, walkways, garages, overhangs, patios, enclosed patios, detached accessory structure, other structures not used as living space, or any other square footage excluded under Government Code Section 65995 as determined by reference to the Building Permit for such Unit.

  • Residential Unit means a home, apartment, residential condominium unit or mobile home, serving as the principal place of residence.

  • Class A Common Stock means the Class A common stock, par value $0.0001 per share, of the Company.

  • Class B Common Stock means the Class B common stock, par value $0.0001 per share, of the Company.

  • Private road or driveway means every way or place in private ownership and used for vehicular travel by the owner and those having express or implied permission from the owner, but not by other persons.

  • LP Units means the non-voting limited partnership units in the capital of BEP, other than the Preferred Units, including any LP Units issued pursuant to the Redemption-Exchange Mechanism.