New Vehicle Borrowers Sample Clauses

New Vehicle Borrowers. (a) Effective as of the date hereof, each Subsidiary that has executed this Agreement shall be a “New Vehicle Borrower” hereunder and may receive New Vehicle Floorplan Loans for its account on the terms and conditions set forth in this Agreement.
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New Vehicle Borrowers. If the Company requests that the Aggregate New Vehicle Floorplan Commitments be made available to a newly acquired or created Subsidiary which engages in the business of selling or leasing New Vehicles (other than a Silo Subsidiary) deliver within sixty (60) days following the acquisition or creation of such Subsidiary, in addition to the deliveries required pursuant to Section 6.14 (which still must be delivered within the thirty (30) day period set forth therein), a Joinder Agreement (or amended and restated Joinder Agreement) duly executed by such Subsidiary with all schedules thereto appropriately completed with respect to becoming a New Vehicle Borrower hereunder and an opinion or opinions of counsel to such Subsidiary dated as of the date of delivery of such Joinder Agreement (as amended and restated Joinder Agreement) provided for in this Section 6.15 and addressed to the Administrative Agent, in form and substance acceptable to the Administrative Agent. In addition, such Subsidiary shall also comply with Section 7.18 (in the case of a Silo Subsidiary) or Section 7.19 (in the case of a Dual Subsidiary).
New Vehicle Borrowers. XXXXXXXX MOTORS, LTD. SONIC — CADILLAC D, L.P. SONIC — HOUSTON V, L.P. SONIC — XXXX XXXXX, L.P. SONIC ADVANTAGE PA, L.P. SONIC AUTOMOTIVE - 0000 X. XXXX, XX, L.P. SONIC HOUSTON JLR, LP SONIC XXXXXXX XX, L.P. SONIC MOMENTUM JVP, L.P. SONIC MOMENTUM VWA, L.P. By: SONIC OF TEXAS, INC., as Sole General Partner By: \Xxxxx X. Xxxxxx\ Name: Xxxxx X. Xxxxxx Title: Vice President and Treasurer AMENDED AND RESTATED SYNDICATED NEW AND USED VEHICLE FLOORPLAN CREDIT AGREEMENT Signature Page BANK OF AMERICA, N.A., as Administrative Agent and as Revolving Administrative Agent (in its capacity as collateral agent for the Secured Parties under the Loan Documents) By: \Xxxx X. Xxxxxxx\ Name: Xxxx X. Xxxxxxx Title: Vice President LENDERS: BANK OF AMERICA, N.A., as a Lender, New Vehicle Swing Line Lender and Used Vehicle Swing Line Lender By: \M. Xxxxxxxx Xxx\ Name: M. Xxxxxxxx Xxx Title: Senior Vice President JPMORGAN CHASE BANK, N.A., as a Lender By: \Xxxxxxx X. Xxxxxx\ Name: Xxxxxxx X. Xxxxxx Title: Vice President US BANK, NATIONAL ASSOCIATION, as a Lender By: \Xxxx Xxxxxxx\ Name: Xxxx Xxxxxxx Title: Vice President XXXXX FARGO BANK, NATIONAL ASSOCIATION, as an L/C Issuer and as a Lender By: \Xxxxxx X. Xxxxx\ Name: Xxxxxx X. Xxxxx Title: Senior Vice President AMENDED AND RESTATED SYNDICATED NEW AND USED VEHICLE FLOORPLAN CREDIT AGREEMENT Signature Page COMERICA BANK, as a Lender By: \Xxxxx X. Xxxxxxx\ Name: Xxxxx X. Xxxxxxx Title: Senior Vice President CAPITAL ONE, N.A. , as a Lender By: \Xxxx Xxxxx Xxxx\ Name: Xxxx Xxxxx Xxxx Title: Vice President MERCEDES-BENZ FINANCIAL SERVICES USA LLC (f/k/a DCFS USA LLC), as a Lender By: \Xxxxxxxx Xxxxx\ Name: Xxxxxxxx Xxxxx Title: Credit Director, National Accounts AMENDED AND RESTATED SYNDICATED NEW AND USED VEHICLE FLOORPLAN CREDIT AGREEMENT Signature Page SCHEDULE 1.01A SILO SUBSIDIARIES Autobahn, Inc. FAA Xxxxxxx Hills, Inc. FAA Concord T, Inc. FAA San Bruno, Inc. FAA Serramonte L, Inc. Fort Mill Ford, Inc. Xxxxxx Xxxxx Corporation Ontario L, LLC SAI Atlanta B, LLC SAI Clearwater T, LLC SAI Columbus T, LLC SAI Fort Xxxxx B, LLC SAI Fort Xxxxx M, LLC SAI Fort Xxxxx VW, LLC SAI Irondale L, LLC SAI Long Beach B, Inc. SAI Monrovia B, Inc. XXX Xxxxxxxxxx B, LLC SAI Nashville M, LLC SAI Oklahoma City T, LLC SAI Rockville L, LLC SAI Tulsa T, LLC Sonic Automotive — 0000 Xxxxx Xxx., DB, LLC Sonic Automotive 0000 Xxxxxxx Xx., Xxxxxxxxxx, Inc. Sonic Automotive — 0000 X-00 Xxxx, XX, L.P. Sonic Automotive of Chattanooga, LLC Sonic Automotive o...

Related to New Vehicle Borrowers

  • Borrower The term “Borrower” as used herein shall include any new or successor corporation, association, partnership (general or limited), limited liability company, joint venture, trust or other individual or organization formed as a result of any merger, reorganization, sale, transfer, devise, gift or bequest of Borrower or any interest in Borrower.

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