Increase Option. Section 6.12.1 of the Loan Agreement is deleted and replaced with the following: 6.12.1 The Company may from time to time request an increase in the Aggregate New Vehicle Floorplan Commitment, in minimum increments of $50,000,000.00 or such lower amount as is agreed to between the Company and Agent, so long as, after giving effect thereto, (a) the aggregate amount of all such increases requested after the Seventh Amendment Effective Date does not exceed $350,000,000.00, and (b) the Aggregate Commitment does not exceed $2,750,000,000.00.
Appears in 1 contract
Sources: Loan Agreement (Lithia Motors Inc)
Increase Option. Section 6.12.1 of the Loan Agreement is deleted and replaced with the following:
6.12.1 The Company may from time to time request an increase in the Aggregate New Vehicle Floorplan Commitment, in minimum increments of $50,000,000.00 or such lower amount as is agreed to between the Company and Agent, so long as, after giving effect thereto, (a) the aggregate amount of all such increases requested after the Seventh Second Amendment Effective Date does not exceed $350,000,000.00250,000,000.00, and (b) the Aggregate Commitment does not exceed $2,750,000,000.002,100,000,000.00.
Appears in 1 contract
Sources: Loan Agreement (Lithia Motors Inc)
Increase Option. Section 6.12.1 of the Loan Agreement is deleted and replaced with the following:
6.12.1 The Company may from time to time request an increase in the Aggregate New Vehicle Floorplan Commitment, in minimum increments of $50,000,000.00 or such lower amount as is agreed to between the Company and Agent, so long as, after giving effect thereto, (a) the aggregate amount of all such increases requested after the Seventh Fourth Amendment Effective Date does not exceed $350,000,000.00, and (b) the Aggregate Commitment does not exceed $2,750,000,000.002,400,000,000.00.
Appears in 1 contract
Sources: Amended and Restated Loan Agreement (Lithia Motors Inc)