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 Xxxxx Fargo CDF, in its capacity as funding agent for the Floorplan Loans.
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Examples of Floorplan Funding Agent in a sentence

  • 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.

  • 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.

  • If Floorplan Funding Agent issues a Floorplan Approval and such Floorplan Approval becomes a Floorplan Obligation, the amount of such Floorplan Obligation deemed to have been requested with respect thereto shall be the gross amount of the Floorplan Invoice for the applicable Inventory.

  • 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.

  • Prior to the Floorplan Due Date with respect to any Floorplan Loan, the Borrower may prepay such Floorplan Loan in full on terms and conditions agreed upon by the Floorplan Funding Agent.

  • A Floorplan Approval shall be issued only if (and upon issuance of each Floorplan Approval, the Borrower shall be deemed to represent and warrant that (it being understood and agreed that the Floorplan Funding Agent shall not be deemed to have made any representation or warranty with respect to)), after giving effect to such issuance, the sum of the aggregate Floorplan Open Approvals plus the total Revolving Exposure shall not exceed the lesser of the total Revolving Commitments and the Borrowing Base.

  • The rights and remedies of the Administrative Agent, the Issuing Banks, the Floorplan Funding Agent 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.

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

  • Borrowers acknowledge and agree that upon issuance of a Floorplan Approval by Floorplan Funding Agent that becomes a Floorplan Obligation, Borrowers shall have an unconditional obligation to pay Floorplan Funding Agent the gross amount of the applicable Floorplan Invoice on the applicable Floorplan Payment Due Date, notwithstanding whether any Floorplan Advances are made with respect thereto.

Related to Floorplan Funding Agent

  • Funding Agent or "agents" means an investment firm, trust bank, or other financial

  • Collection Agent means at any time the Person then authorized pursuant to Section 6.01 to service, administer and collect Transferred Receivables.

  • Liquidity Funding means (a) a purchase made by any Committed Lender pursuant to its Liquidity Commitment of all or any portion of, or any undivided interest in, an applicable Conduit’s Loans, or (b) any Loan made by a Committed Lender in lieu of such Conduit pursuant to Section 1.1.

  • Conduit Credit Enhancer shall have the meaning assigned to such term in Section 14(d).

  • Funding Agency means an organization or individual which provides facilities to receive and accumulate assets to be used either for the payment of benefits under a pension plan, or for the purchase of such benefits, provided such accumulated assets form a part of a pension plan established for the exclusive benefit of the plan participants and their beneficiaries. The fair market value of the assets held by the funding agency as of a specified date is the Funding Agency Balance as of that date.

  • Servicing Agent means, with respect to an eNote, the field entitled, “Servicing Agent” in the MERS eRegistry.

  • FTPS Unit Servicing Agent means FTP Services LLC or any successor FTPS Unit servicing agent appointed as hereinafter provided."

  • Principal Funding Account shall have the meaning specified in subsection 4.03(a)(i).

  • Funding Bank shall have the meaning given to such term in Section 3.3 hereof.

  • Collateral Manager The meaning specified in the Preamble.

  • Revolving Agent means the collateral agent (or the administrative agent acting as collateral agent) under any Revolving Credit Agreement, and its successors and assigns in such capacity and, from and after the execution of a Revolving Credit Substitute Facility, one or more other agents, collateral agents, trustees or similar contractual representatives for one or more holders of indebtedness or other Obligations evidenced thereunder or governed thereby and its successors and assigns in such capacity, but in no event shall any Obligor or Affiliate thereof be, or appoint, the Revolving Agent.

  • Subordination Agent Has the meaning specified in the Intercreditor Agreement.

  • Principal Funding Investment Proceeds means, with respect to each Transfer Date, the investment earnings on funds in the Principal Funding Account (net of investment expenses and losses) for the period from and including the immediately preceding Transfer Date to but excluding such Transfer Date.

  • GMAC GMAC Mortgage Corporation, or its successor in interest.

  • Class B Liquidity Provider has the meaning set forth in the Intercreditor Agreement.

  • Master Servicer Advance Date As to any Distribution Date, 12:30 p.m. Pacific time on the Business Day immediately preceding such Distribution Date.

  • Depositor means Advisors Asset Management, Inc. and its successors in interest, or any successor depositor appointed as hereinafter provided."

  • Fund/SERV Eligible Unit Servicing Agent means FTP Services LLC or any successor Fund/SERV Eligible Unit servicing agent appointed as hereinafter provided."

  • Liquidity Agent means any bank or other financial institution acting as agent for the various Liquidity Providers under each Liquidity Agreement.

  • Conduit Purchaser means each commercial paper conduit that is or becomes a party to this Agreement in the capacity of a “Conduit Purchaser”.

  • Principal Funding Account Investment Proceeds shall have the meaning specified in subsection 4.03(a)(ii).

  • Liquidity Provider means each bank or other financial institution that provides liquidity support to any Conduit Purchaser pursuant to the terms of a Liquidity Agreement.

  • Eligible Lender Trustee shall also mean each successor Eligible Lender Trustee as of the qualification of such successor as Eligible Lender Trustee under the Trust Agreement.

  • Servicer means the Master Servicer or the Special Servicer, as the context may require.

  • Interim Eligible Lender Trustee shall also mean each successor Interim Eligible Lender Trustee as of the qualification of such Interim Eligible Lender Trustee under the Interim Trust Agreement.

  • Class A Liquidity Provider has the meaning set forth in the Intercreditor Agreement.