Loan Programs. The Floorplan Loan arises under a transaction originated under a Dealer Financing Agreement that complies with all requirements of law, with an approved Dealer under an Floorplan Loan program approved by Buyer, with full recourse to such Dealer, supported by guarantees from one or more principals of such Dealer.
Appears in 2 contracts
Sources: Master Repurchase Agreement (Bingham Financial Services Corp), Master Repurchase Agreement (Bingham Financial Services Corp)