Examples of Inventory Financing Agreement in a sentence
In the event of any conflict between the terms and conditions of this Agreement and the terms and conditions of the Floorplan Inventory Financing Agreement, the terms and conditions of this Agreement shall control.
Eligible Products: New and pre-owned marine products, subject to a perfected first priority Lien in favor of Agent for the benefit of Lenders and free and clear of all other Liens not permitted by the Inventory Financing Agreement.
CDF shall have the right to make advances under the Accounts Receivable Facility at any time and from time to time to cause timely repayment of any of the Obligations, including any Obligations under any Inventory Financing Agreement, and may directly pay and apply the proceeds of such advances to such repayment.
ConvergeOne and CDF entered into that certain Second Amended and Restated Inventory Financing Agreement dated as of March 27, 2017 (the “Existing Floorplan Agreement”) pursuant to which CDF extended credit in the form of Floorplan Loans (as such terms are defined in the Existing Floorplan Agreement) from time to time in an aggregate principal amount at any time outstanding not in excess of $65,000,000.
The arrangement consists of two separate agreements: a Business Financing Agreement (BFA) and an Inventory Financing Agreement (IFA).