Common use of Increase Option Clause in Contracts

Increase Option. The Company may from time to time request an increase in the Aggregate New Vehicle Floorplan Commitment, in minimum increments of $50,000,000.0050,000,000 or such lower amount as is agreed to between the Company and the Agent, so long as, after giving effect thereto, (a) the aggregate amount of all such increases requested after the Closing Date does not exceed $750,000,000.00750,000,000, and (b) the Aggregate Commitment does not exceed $4,500,000,000.004,500,000,000. 6.

Appears in 1 contract

Sources: Loan Agreement (Lithia Motors Inc)

Increase Option. The Company may from time to time request an increase in the Aggregate New Vehicle Floorplan Commitment, in minimum increments of $50,000,000.0050,000,000 50,000,000.00 or such lower amount as is agreed to between the Company and the Agent, so long as, after giving effect thereto, (a) the aggregate amount of all such increases requested after the Closing Date does not exceed $750,000,000.00750,000,000500,000,000.00750,000,000.00, and (b) the Aggregate Commitment does not exceed $4,500,000,000.004,500,000,000. 64,250,000,000.004,500,000,000.00.

Appears in 1 contract

Sources: Loan Agreement (Lithia Motors Inc)