Common use of Floor Plan Financing Clause in Contracts

Floor Plan Financing. Without limiting the generality of Section 6.7.8, Purchaser shall have assumed the existing floor plan debt held by Cycle Capital Corp. pursuant to an assumption in form and substance satisfactory to Seller and its counsel, and shall have delivered such assumption to Escrow Agent.

Appears in 2 contracts

Sources: Asset Purchase Agreement (Bikers Dream Inc), Asset Purchase Agreement (V Twin Holdings Inc)