Floorplan Funding Agent definition

Floorplan Funding Agent means GE Commercial Distribution Finance Corporation, in its capacity as funding agent for the Floorplan Loans.
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Floorplan Funding Agent means CDF, in its capacity as funding agent for the Floorplan Advances.
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Floorplan Funding Agent means ▇▇▇▇▇ Fargo CDF, in its capacity as funding agent for the Floorplan Loans.
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Examples of Floorplan Funding Agent in a sentence

  • The proceeds of each Floorplan Loan will be retained by the Floorplan Funding Agent and the Floorplan Funding Agent will be directly responsible for paying the related Floorplan Approved Invoice (it being understood that the terms of such payment will be negotiated between the Floorplan Funding Agent and the applicable Floorplan Approved Vendor).

  • The rights and remedies of the Administrative Agent, each Co-Collateral Agent, the Floorplan Funding Agent, each Issuing Bank and the Lenders hereunder and under the other Loan Documents are cumulative and are not exclusive of any rights or remedies that they would otherwise have.

  • Subject to the appointment and acceptance of a successor Agent as provided below, each Agent may resign at any time by notifying in writing the Lenders, each Issuing Bank (if applicable), the Floorplan Funding Agent and the Borrower.

  • Vendor or manufacturer discounts afforded the Floorplan Funding Agent shall not constitute interest for purposes of this Agreement.

  • Subject to the appointment and acceptance of a successor Agent as provided below, each Agent may resign at any time by notifying in writing the Lenders, each Issuing Bank (if applicable), the Floorplan Funding Agent and the Borrowers.

  • Notwithstanding anything contained herein to the contrary, Floorplan Funding Agent may, in its sole discretion, either issue a Floorplan Approval or not; provided, that if any of the conditions precedent set forth in Section 4.02 are not then satisfied, Floorplan Funding Agent shall not issue a Floorplan Approval.

  • Such obligation of Borrowers to Floorplan Funding Agent with respect to each Floorplan Obligation constitutes a Secured Obligation which shall bear interest as a Revolving Loan solely from and after the applicable Floorplan Payment Due Date therefor.

  • Such request from a Floorplan Approved Vendor (with respect to Borrowers or their Restricted Subsidiaries) to Floorplan Funding Agent to finance Inventory will be deemed to be a request from Borrowers for a Floorplan Obligation.

  • For avoidance of doubt, all interest accruing on each Floorplan Advance after the Floorplan Payment Due Date for such Floorplan Advance, is the sole responsibility of Borrowers and the Floorplan Funding Agent will remit to Lenders, out of any good collected funds interest received from Borrowers, each Lender’s Pro Rata Percentage of such interest remitted by Borrowers pursuant to the provisions of this Agreement, either as interest accruing as a Revolving Loan or otherwise.

  • If Floorplan Funding Agent does not issue a Floorplan Approval, no such Floorplan Obligation shall arise.