Common use of AGREEMENT CANCELLATION AND REFUNDS Clause in Contracts

AGREEMENT CANCELLATION AND REFUNDS. To cancel this Agreement, YOU may contact US directly, or return this agreement to YOUR SELLING DEALERSHIP. If YOU cancel within sixty (60) days of YOUR purchase, the entire purchase price will be refunded unless YOU have made a CLAIM. If YOU have made a CLAIM or if YOU cancel more than sixty (60) days after the purchase date, the unused portion of the purchase price, less a $50 administration fee will be refunded to YOU or a person authorized by YOU to receive it for YOUR account. The amount of refund will be prorated using the lesser of days or miles of coverage remaining. WE will not subtract the COST of a CLAIM, if any, from YOUR refund. WE may cancel this Agreement in the event the charge for YOUR Agreement has not been paid. If WE cancel, YOU will not be charged an administration fee. If YOUR VEHICLE is a total loss or repossessed, YOUR cancellation rights under this Agreement will transfer to the Lienholder, if any. State Disclosure The time and mileage limits of any new vehicle plan commence on the same date as the manufacturer's warranty. Contract term includes the manufacturer's warranty.