3 unchanged sentences
United States
−Removed: North Dakota 11 4 — — 15
Minnesota 15 3 — — 18
−Removed: Iowa 12 3 — — 15
Nebraska 13 2 — — 15
+Added: Iowa 12 3 — — 15
South Dakota 12 2 — — 14
+Added: North Dakota 11 4 — — 15
Colorado — 3 — — 3
1 unchanged sentence
Kansas 1 — — — 1
−Removed: Missouri 1 — — — 1
−Removed: Montana 1 — — — 1
−Removed: Washington 1 — — — 1
Wisconsin 1 1 — — 2
12 unchanged sentences
Many of our lease agreements include fair market value purchase options, rights of first refusal, lease term extension options, or month-to-month or year-to-year automatic renewal provisions at the conclusion of the original lease period.
−Removed: A majority of the leases provide for fixed monthly rental payments and require us to pay the real estate taxes on the
−Removed: properties for the lease periods.
+Added: A majority of the leases provide for fixed monthly rental payments and require us to pay the real estate taxes on the properties for the lease periods.
We are generally responsible for utilities and maintenance of the leased premises.
4 unchanged sentences
We currently own the store facilities for 72 U.S.
−Removed: dealership locations, six European dealership locations and two Australian dealership locations.
+Added: dealership locations, five European dealership locations and two Australian dealership locations.
In acquiring most of these owned facilities, we have incurred debt financing and were granted mortgages in favor of the relevant lender.
2 unchanged sentences
As part of our due diligence review prior to a dealership acquisition, we evaluate the adequacy, suitability and condition of the related real estate.
−Removed: Our evaluation typically includes a Phase I environmental study, and if deemed necessary, a Phase II environmental study of the real property to determine whether there are any environmental concerns.
+Added: Our evaluation typically includes a Phase I environmental assessment, and if deemed necessary, a Phase II environmental assessment of the real property to determine whether there are any environmental concerns.
If any environmental concerns exist, we generally require that such concerns be addressed prior to acquisition of the dealership real estate.
−Removed: We currently lease and occupy approximately 48,000 square feet in West Fargo, North Dakota for our headquarters, which expires on January 31, 2028.
+Added: We currently lease and occupy approximately 48,000 square feet in West Fargo, North Dakota for our headquarters, which the lease expires on January 31, 2028.
We have signed a purchase agreement to purchase the facility at or before the termination of the lease.
2 unchanged sentences
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.