Floor Plan Dollar Cap definition

Floor Plan Dollar Cap means Eight Million Seven Hundred Fifty Thousand Dollars ($8,750,000).
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Floor Plan Dollar Cap means Three Hundred Sixty Million Dollars ($360,000,000), as such amount may be decreased in accordance with Section 2.01.12(a), temporarily increased pursuant to Section 2.01.5 or Section 2.01.6, or increased pursuant to Section 2.11 of this Agreement.
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Floor Plan Dollar Cap is hereby amended and restated as set forth below:
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Examples of Floor Plan Dollar Cap in a sentence

  • No such increase in the Floor Plan Dollar Cap (and/or Vehicle Allocation) and the Floor Plan Commitments shall be effective unless approved in writing by all Lenders in their sole and absolute discretion and any such increases shall be only for such limited periods of time as expressly set forth in the approval of all of the Lenders.

  • Payment in full of such principal amount of outstanding Floor Plan Committed Loans required to effectuate the permanent reduction in Floor Plan Commitments resulting from the reduction in the Floor Plan Dollar Cap pursuant to Section 2.02.b. of this Amendment.

  • Any reduction in the Floor Plan Commitments or in the Floor Plan Dollar Cap shall be made ratably among the Lenders in accordance with their respective Floor Plan Commitment Percentages.

  • The Floor Plan Borrowers may request from time to time a temporary increase in the Floor Plan Dollar Cap or any Vehicle Allocation, and corresponding pro rata increases in the respective Floor Plan Commitments of the Lenders in order to fund a Draft in accordance with Sections 2.01.15 through 2.01.18.