Common use of Dealer Termination; Manufacturer Default Clause in Contracts

Dealer Termination; Manufacturer Default. CNHi America shall provide CNHi Capital with as much advance notice as possible of the occurrence of a Dealer Termination. CNHi America shall also provide CNHi Capital with oral and written notice of the occurrence of a Manufacturer Default. Upon the occurrence of a Repurchase Event, CNHi America shall assist CNHi Capital in the liquidation of the affected Dealer’s assets securing financing provided by CNHi Capital, and shall repurchase certain wholegoods and parts of the affected Dealer, all as herein provided.

Appears in 7 contracts

Samples: Wholesale and Parts Cnhi Capital Financing Agreement (CNH Industrial Capital LLC), Wholesale and Parts Cnhi Capital Financing Agreement (CNH Industrial Capital LLC), Wholesale and Parts Cnhi Capital Financing Agreement (CNH Industrial Capital LLC)

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