Floorplan Agreement definition

Floorplan Agreement means an agreement entered into by an Originator and a Manufacturer establishing certain terms and conditions for the financing of such Manufacturer’s Dealers by such Originator, which may include such Manufacturer’s agreement, among other matters, to repurchase from, or remarket for, such Originator Products sold by such Manufacturer to any of its Dealers and financed by such Originator under a Wholesale Financing Agreement if such Originator acquires possession of such Products because of a default by such Dealer under such Wholesale Financing Agreement, whether by repossession, voluntary surrender or other circumstances.

Floorplan Agreement means an agreement, entered into by DFS or the related Approved Affiliate and a Manufacturer, as amended or modified from time to time, pursuant to which such Manufacturer agrees, among other matters, to repurchase from DFS or such Approved Affiliate, as applicable, Products sold by such Manufacturer to any of its Dealers and financed by DFS or such Approved Affiliate under a Wholesale Financing Agreement if DFS or such Approved Affiliate acquires possession of such Products because of a default by such Dealer under such Wholesale Financing Agreement, voluntary surrender or other circumstances.

Floorplan Agreement means an agreement, entered into by Green Tree ------------------- and a Manufacturer, as amended or modified from time to time, pursuant to which such Manufacturer agrees, among other matters, to repurchase from Green Tree, Products sold by such Manufacturer to any of its Dealers and financed by Green Tree under a Wholesale Financing Agreement if Green Tree acquires possession of such Products because of a default by such Dealer under such Wholesale Financing Agreement, voluntary surrender or other circumstances.

Examples of Floorplan Agreement in a sentence

• The foregoing sale, transfer, assignment, set-over and conveyance does not constitute and is not intended to result in the creation or an assumption by the Buyer of any obligation of the Servicer, the Seller or any other Person in connection with the Accounts, the Receivables or under any agreement or instrument relating thereto, including any obligation under any Financing Agreement or Floorplan Agreement, including any other obligation to any Dealer or Manufacturer.

• If the title is forwarded to the automotive financing company that provided financing by means of a Floorplan Agreement, the used car dealer pays the automotive financing company fees and interest on the money loaned while the used car dealer attempts to sell the vehicle to a new buyer.

• Such Seller shall perform its obligations under each Floorplan Agreement in accordance with the terms thereof in all material respects.

• The foregoing does not constitute and is not intended to result in the creation or assumption by Buyer of any obligation of Seller or any other Person in connection with the Accounts or the Transferred Receivables or under any agreement or instrument relating thereto, including any obligation under any Financing Agreement, any Floorplan Agreement, or any Participation Agreement, or any obligation to any Dealer or any Manufacturer.

• The Floorplan Agreement is hereby incorporated into and made a part hereof.

More Definitions of Floorplan Agreement

Floorplan Agreement means an agreement, entered into by DFS or the related Approved Affiliate and a Manufacturer pursuant to which such Manufacturer agrees, among other matters, to repurchase from DFS or such Approved Affiliate, as applicable, Products sold by such Manufacturer to any of its Dealers and financed by DFS or such Approved Affiliate under a Wholesale Financing Agreement if DFS or such Approved Affiliate acquires possession of such Products because of a default by such Dealer under such Wholesale Financing Agreement, voluntary surrender or other circumstances.

Floorplan Agreement means an agreement entered into by an Originator and a Manufacturer establishing certain terms and conditions for the financing of such Manufacturer's Dealers by such Originator, which may include such Manufacturer's agreement, among other Receivables Purchase and Contribution Agreement matters, to repurchase from, or remarket for, such Originator Products sold by such Manufacturer to any of its Dealers and financed by such Originator under a Wholesale Financing Agreement if such Originator acquires possession of such Products because of a default by such Dealer under such Wholesale Financing Agreement, whether by repossession, voluntary surrender or other circumstances.

Floorplan Agreement means the agreement Green Tree enters into with a Manufacturer providing financing for products for Dealers.

Floorplan Agreement means an agreement entered into by an Originator and a Manufacturer establishing certain terms and conditions for the financing of such Manufacturer's Dealers by such Originator, which may include such Manufacturer's agreement, among other matters, to repurchase from, or remarket for, such Originator Products sold by such Manufacturer to any of its Dealers and financed by such Originator under a Wholesale Financing Agreement if such Originator acquires possession of such Products because of a default by such Dealer under such Wholesale Financing Agreement, whether by repossession, voluntary surrender or other circumstances. Master Indenture

Floorplan Agreement means an agreement, entered into by Seller and a Manufacturer, as amended or modified from time to time, pursuant to which such Manufacturer agrees, among other matters, to repurchase from Seller Products sold by such Manufacturer to any of its Dealers and financed by Seller under a Contract if Seller acquires possession of such Products because of a default by such Dealer under such Contract, voluntary surrender or other circumstances.

Floorplan Agreement means the Agreement for Wholesale Financing and STAR Agreement (Short Term Accounts Receivable Program) between Xxxxxxx and Deutsche Financial Services Corporation, in the form delivered to the Agent prior to the Effective Date and as the same may be amended, modified or supplemented with the consent of the Agent (it being understood that at any time that the Floorplan Agreement is amended, modified or supplement a copy of the Floorplan Agreement as amended, modified or supplemented thereby shall be delivered to each of the Banks).

Floorplan Agreement appearing in Section 10 of the Credit Agreement is hereby amended by inserting the following parenthetical at the end of such definition: "(it being understood that, at any time that the Floorplan Agreement is amended, modified or supplemented, a copy of the Floorplan Agreement as amended, modified or supplemented thereby shall be delivered to each of the Banks)".