Automobile Purchase Clause Samples
The Automobile Purchase clause outlines the terms and conditions under which a buyer agrees to purchase a vehicle from a seller. It typically specifies details such as the make, model, year, purchase price, payment method, and any warranties or representations about the car's condition. This clause ensures both parties are clear on the essential aspects of the transaction, helping to prevent disputes by documenting the agreed-upon terms and protecting the interests of both buyer and seller.
Automobile Purchase. The Company shall purchase Executive’s automobile and remit the title to Executive (without lien or security interest) to Executive within thirty (30). Executive shall not be required to mitigate the amount of any payment provided for in this Section 6 by seeking other employment or otherwise, nor shall the amount of any payment or benefit provided for in this Section 6 be reduced by any compensation or retirement benefits heretofore or hereafter earned by the Executive as a result of employment by any other person, firm or corporation.
Automobile Purchase. Prior to the Closing, Company shall sell to Laurie Van Duivenbode, ▇▇▇ ▇▇e shall purchase from Company, the 1987 Acura Legend automobile she has heretofore utilized as her company car, for a total price of $5,100.
Automobile Purchase. Before the Closing, the Company shall sell to AR and LR jointly, and AR and LR shall jointly purchase, the Automobiles. The purchase price for each Automobile shall be equal to its book value.
Automobile Purchase. At the request of Consultant, before August 31, 2007, the Company shall purchase an automobile of Consultant’s choosing for Consultant’s sole ownership and exclusive use; provided that the Company shall not be required to spend more than $70,000 in connection with such purchase. Alternatively, the Company will pay Consultant $70,000 for its use in purchasing an automobile of its choosing.
Automobile Purchase. Executive may elect to purchase from First United, no later than fourteen (14) days following the Effective Date of this Agreement, the automobile provided for his use prior to the Effective Date for a price equal to 90% of the K▇▇▇▇ Blue Book trade-in value as of the Effective Date.