Total Credit Facility. The first paragraph of Section 1 of the Loan Agreement is hereby deleted and the following is inserted in its stead:
Total Credit Facility. The Bank agrees, subject to the terms and conditions of this Agreement, to make a total credit facility of up to $20,000,000 available to the Borrower upon its request therefor, as provided in this Section 2.
Total Credit Facility. Each Bank severally agrees, subject to the terms and conditions of this Agreement, to make a total credit facility of up to $150,000,000 available to the Borrower upon its request therefor, as provided in this Section 2.
Total Credit Facility. The first sentence of Section 3.1 is hereby deleted in its entirety and replaced with the following: "In consideration of Borrower's payment and performance of its Obligations and subject to the terms and conditions contained in this Agreement, DFS agrees to provide, and Borrower agrees to accept, an aggregate credit facility (the "Credit Facility") of up to Forty Million Dollars ($40,000,000) ("Total Credit Limit")."
Total Credit Facility. In consideration of Borrower's payment and performance of its Obligations and subject to the terms and conditions contained in this Agreement, DFS agrees to provide, and Borrower agrees to accept, an aggregate credit facility (the "Credit Facility") of up to Twenty Million Dollars ($20,000,000) (the "Total Credit Limit"). The Credit Facility shall be available in the form of Floorplan Inventory Loans and Working Capital Loans. No Loans need be made by DFS if Borrower is in Default or if there exists any Unmatured Default. This is an agreement regarding the extension of credit, and not the provision of goods or services.
Total Credit Facility. Each Bank severally agrees, subject to the terms and conditions of this Agreement, to make a total credit facility of up to the amount of the Commitments available to the Borrower upon its request therefor, as provided in this Section 2.
Total Credit Facility. Section 2.1 and Section 2.2(a) of the Credit Agreement are modified to reflect that upon this Amendment becoming effective, the total credit facility referenced in Section 2.1 is in an amount up to $32,500,000 and Borrower’s right to increase the total amount of the credit facility pursuant to Section 2.2 is limited to an amount up to $17,500,000 (for a total credit facility in an aggregate principal amount of up to $50,000,000), subject to the terms and conditions of the Credit Agreement.
Total Credit Facility. The Bank agrees, subject to the terms and conditions of this Agreement, to make a total credit facility of up to $50,000,000 available to the Borrower upon its request therefor, as provided in this Section 2.
Total Credit Facility. Section 3.1 of the Credit Agreement is hereby amended to in its entirety to read as follows:
Total Credit Facility. (a) In consideration of Borrower's payment and performance of its Obligations and subject to the terms and conditions contained in this Agreement, DFS agrees to provide, and Borrower agrees to accept, an aggregate credit facility (the "CREDIT FACILITy") of up to Twenty Million Dollars ($20,000,000) (the "TOTAL CREDIT LIMIT"), BUT ONLY TO THE EXTENT that DFS has received and continues to have in full force and effect, upon terms acceptable to DFS, in its sole discretion, a Participation Agreement in which the "Participant Commitment" (as defined in the Participation Agreement) is at least Ten Million Dollars ($10,000,000). The Credit Facility shall be available in the form of Working Capital Loans. No Loans need be made by DFS if Borrower is in Default or if there exists any Unmatured Default. This is an agreement regarding the extension of credit, and not the provision of goods or services.
