Common use of Increase Option Clause in Contracts

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, Aggregate Used Vehicle Floorplan Commitment and/or Aggregate Revolving Loan 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 (including the requested increase and any other increases after the Second Amendment Effective Date) does not exceed $250,000,000.00, (b) the Aggregate Commitment does not exceed $1,250,000,000.00, (c) the Aggregate Revolving Loan Commitment does not exceed the lesser of $250,000,000.00 or 20% of the Aggregate Commitment, and (d) the Aggregate Used Vehicle Floorplan Commitment does not exceed the lesser of $250,000,000.00 or 20% of the Aggregate Commitment.

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, Aggregate Used Vehicle Floorplan Commitment and/or Aggregate Revolving Loan Commitment, in minimum increments of $50,000,000.00 25,000,000.00 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 (including any increases prior to the date of the requested increase and any other increases after the Second Amendment Effective Dateincrease) does not exceed $250,000,000.00150,000,000.00, (b) the Aggregate Commitment does not exceed $1,250,000,000.00800,000,000.00, (c) the Aggregate Revolving Loan Commitment does not exceed the lesser of $250,000,000.00 or 20% of the Aggregate Commitment145,000,000.00, and (d) the Aggregate Used Vehicle Floorplan Commitment does is not exceed the lesser of $250,000,000.00 or more than 20% of the sum of the Aggregate New Vehicle Floorplan Commitment plus the Aggregate Used Vehicle Floorplan Commitment.