DEALER PERFORMANCE, OPERATIONS AND PERSONNEL. Performance 6.1 On an annual basis, Company and Dealer will agree on sales, service and customer satisfaction goals and objectives for Dealer. The parties intent in setting such goals and objectives is to provide a continuing incentive to achieve the highest standard of excellence among all dealers of Land Rover Products and to reconfirm on an ongoing basis Company's and Dealer's joint commitments to maintaining those high standards in all aspects of Dealer's operations. The criteria for setting the goals and objectives will include comparisons with other dealers of Land Rover Products and dealers of competing models.
DEALER PERFORMANCE, OPERATIONS AND PERSONNEL. PERFORMANCE 6.1 On an annual basis, Company and Dealer will agree on sales, service and customer satisfaction goals and objectives for Dealer. The parties intent in setting such goals and objectives is to provide a continuing incentive to achieve the highest standard of excellence among all dealers of Land Rover Products and to reconfirm on an ongoing basis Company's and Dealer's joint commitments to maintaining those high standards in all aspects of Dealer's operations. The criteria for setting the goals and objectives will include comparisons with other dealers of Land Rover Products and dealers of competing models. REPORTS 6.2 Dealer agrees to maintain books and records of account in accordance with accepted accounting principles and provide Company with financial statements and other operating reports in a format supplied by Company. Dealer will transmit such accounts and records on the data processing system selected by Company separate from the accounts, reports, etc., required by any organization with which Dealer may have a relationship, so as to reflect Land Rover business on a stand alone basis. At a minimum a Dealer operating a shared facility will report Land Rover revenues separately and by category and allocate expenses on a reasonable and consistent basis which will be described to Company. TIME OF REPORTING 6.3 Dealer will deliver on or before the tenth (10th) day of each calendar month the required financial statements for the preceding month and year-to-date, and within ninety (90) days of the close of Dealer's fiscal year, a consolidated balance sheet and a profit and loss statement for the Dealer as a whole and for Land Rover Products. Company may require such year-end statement to be certified by a Certified Public Accountant, at Dealer's expense, and will notify Dealer of such requirement at least thirty (30) days prior to the close of such fiscal year. FINANCIAL REQUIREMENTS 6.4 Dealer agrees to maintain and employ in its operation at all times financial resources sufficient to enable Dealer to perform Dealer's obligations under this Agreement. The resources shall include the amounts of working capital, debt to equity ratio, minimum net worth, new vehicle financing and other financial resources which Company requires. Company and Dealer have reached agreement on certain minimum acceptable financial requirements applicable to Dealer and such minimum standards are contained in the Dealer Financial Requirements Exhibit. The minimum requ...
