as described above under “Compensation Discussion and
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and B4 Units (all as defined above in the “Outstanding Equity Awards at 2018 Fiscal Year End” table).
we amended and restated Carvana Group’s existing
LLC Unitholders (and certain permitted transferees thereof) may exchange at any time their LLC Units for
we entered into several agreements with DriveTime and affiliated companies that were intended to facilitate our
subject to a minimum increase of 2% per year and a maximum increase of 5% per year. Total expense related to these lease
we entered into a lease with DriveTime that governs our utilization of office space and parking spaces at retail facilities that we
and will further increase during each extension term over the then-current base rent by an amount equal to the percentage
with a maximum of 15% and a minimum of 10%.
including Ally Bank and Ally Financial (collectively
and the 2017 Master Transfer Agreement’s purchase commitment
DriveTime also administers a portion of our GAP waiver coverage and the limited warranty provided to all customers under
which was amended and restated on April 14
and each party agrees to certain covenants not to sue the other party
which is payable semi-annually in arrears on April 1 and October 1 of each year beginning April 1