New Floorplan Equipment definition
New Floorplan Equipment means new equipment that is (a) not subject to financing with a third party and (b) aged less than thirty-six (36) months.
New Floorplan Equipment means new equipment that is (a) not subject to financing with a third party and (b) aged less than thirty-six (36) months. “Non-Consenting Lender” has the meaning specified therefor in Section 14.2(a) of the Agreement. “Non-Defaulting Lender” means each Lender other than a Defaulting Lender. “Notice of Borrowing” means a written notice in the form of Exhibit N-1 to the Agreement. “Obligations” means (a) all loans (including the Floorplan Loans (inclusive of Extraordinary Floorplan Advances, U.S. Floorplan Swing Loans, Australian Floorplan Swing Loans) and the Revolver Loans (inclusive of Extraordinary Revolver Advances and U.S. Revolver Swing Loans)), debts, principal, interest (including any interest that accrues after the commencement of an Insolvency Proceeding, regardless of whether allowed or allowable in whole or in part as a claim in any such Insolvency Proceeding), reimbursement or indemnification obligations with respect to Letters of Credit (irrespective of whether contingent), premiums, liabilities (including all amounts charged to the Loan Account pursuant to the Agreement), obligations (including indemnification obligations), fees (including the fees provided for in the Fee Letter), Lender Group Expenses (including any fees or expenses that accrue after the commencement of an Insolvency Proceeding, regardless of whether allowed or allowable in whole or in part as a claim in any such Insolvency Proceeding), guaranties, and all covenants and duties of any other kind and description owing by any Loan Party arising out of, under, pursuant to, in connection with, or evidenced by the Agreement or any of the other Loan Documents and irrespective of whether for the payment of money, whether direct or indirect, absolute