Common use of CANCELLATION OF YOUR CONTRACT Clause in Contracts

CANCELLATION OF YOUR CONTRACT. a. Should you wish to cancel this Contract for any reason, including if the Vehicle is stolen or destroyed, you must inform the Contract Administrator in writing. An odometer statement indicating the odometer reading on the date of the cancellation request is required. If you cancel this Contract within the first sixty (60) days of the Purchase Date, we will refund the entire Contract purchase price. If this Contract is canceled after the first sixty (60) days of the Purchase Date, and there has been no Claim, we will refund the pro rata portion of the purchase price except as otherwise specified in Section 10 of this Contract. The refund will be the lesser amount produced using either the number of days that have elapsed since the Purchase Date or the number of miles the Vehicle was driven prior to cancellation, less a cancellation fee of fifty dollars ($50), except as otherwise specified in Section 10 of this Contract. If the purchase of this Contract was financed, the refund, if any, will be paid to the Lienholder identified on the Declaration Page, unless proof of pay-off is submitted with your cancellation request. If you are eligible for a cancellation refund, the Selling Retailer shall pay your refund on our behalf. In the event the Vehicle is sold, see Section 7 for details on transferring this Contract to the new owner. SAMPLE

CANCELLATION OF YOUR CONTRACT. a. A. Should you wish to cancel this Contract for any reason, including if the Vehicle is stolen or destroyed, you must inform the Contract Administrator in writing. An odometer statement indicating the odometer reading on the date of the cancellation request is required. If you cancel this Contract within the first sixty (60) days of the Purchase Date, we will refund the entire Contract purchase priceprice less claim payments made by obligor, except as otherwise specified in this Contract in State Specific Provisions or otherwise prohibited by law. If this Contract is canceled after the first sixty (60) days of the Purchase Date, and there has been no Claim, we will refund the pro rata portion of the purchase price except as otherwise specified in Section 10 of this Contract. price.The refund will be calculated based upon the lesser amount produced using either greater of time or mileage expired from the number of days that have elapsed since the Contract Purchase Date or and the number Odometer Reading as of miles the Vehicle was driven prior to cancellation, less a cancellation fee of fifty dollars ($50)Contract Purchase Date, except as otherwise specified in Section 10 of this ContractContract in State Specific Provisions or otherwise prohibited by law. If the purchase of this Contract was financed, the refund, if any, will be paid to the Lienholder identified on the Declaration Page, unless proof of pay-off is submitted with your Your cancellation request. If you are eligible for a cancellation refund, the Selling Retailer shall pay your Your refund on our Our behalf. In the event the Vehicle is sold, see Section 7 IX for details on transferring this Contract to the new owner. SAMPLEOnce the Contract has been transferred, this Contract may not be canceled by the new or original owner of the Vehicle.

CANCELLATION OF YOUR CONTRACT. a. A. Should you wish to cancel this Contract for any reason, including if the Vehicle is stolen or destroyed, you must inform the Contract Administrator in writing. An odometer statement indicating the odometer reading on the date of the cancellation request is required. If you cancel this Contract within the first sixty (60) days of the Purchase Date, we will refund the entire Contract purchase priceprice less claim payments made by obligor, except as otherwise specified in this Contract in State Specific Provisions or otherwise prohibited by law. If this Contract is canceled after the first sixty (60) days of the Purchase Date, and there has been no Claim, we will refund the pro rata portion of the purchase price except as otherwise specified in Section 10 of this Contract. price.The refund will be calculated based upon the lesser amount produced using either greater of time or mileage expired from the number of days that have elapsed since the Contract Purchase Date or and the number Odometer Reading as of miles the Vehicle was driven prior to cancellation, less a cancellation fee of fifty dollars ($50)Contract Purchase Date, except as otherwise specified in Section 10 of this ContractContract in State Specific Provisions or otherwise prohibited by law. If the purchase of this Contract was financed, the refund, if any, will be paid to the Lienholder identified on the Declaration Page, unless proof of pay-off is submitted with your cancellation request. If you are eligible for a cancellation refund, the Selling Retailer shall pay your refund on our behalf. In the event the Vehicle is sold, see Section 7 IX for details on transferring this Contract to the new owner. SAMPLEOnce the Contract has been transferred, this Contract may not be cancelled by the new or original owner of the Vehicle.