Common use of DEDUCTION FOR DAMAGE TO NEW VEHICLES Clause in Contracts

DEDUCTION FOR DAMAGE TO NEW VEHICLES. Immediately prior to Closing, Buyer and Seller shall jointly inspect Seller's inventory of new vehicles. If any vehicle in Seller's inventory of new vehicles is damaged, and if the cost of repairing that damage would be more than $1,000.00, then that vehicle shall be treated as a used vehicle for purposes of Paragraph 4 and this Paragraph 3, rather than as a new vehicle. If any vehicle in Seller's inventory of new vehicles is damaged, and if the cost of repairing that damage is less than $1,000.00, then Buyer shall be obligated to purchase that vehicle as a new vehicle, and the price for that vehicle, as determined under subparagraph 3(a), shall be reduced by the actual net cost to Buyer of repairing that damage. If Buyer and Seller are unable to agree upon the actual net cost to Buyer of repairing the damage to a vehicle, then Buyer and Seller shall select an independent third party to determine that repair cost, which determination shall be binding upon both Buyer and Seller.

DEDUCTION FOR DAMAGE TO NEW VEHICLES. Immediately prior to Closing, Buyer and Seller shall jointly inspect Seller's inventory of new vehiclesNew Vehicles. If any vehicle in Seller's inventory of new vehicles New Vehicles is damaged, and if the cost of repairing that damage would be more than $1,000.00, then notwithstanding anything herein to the contrary, that vehicle shall be treated as a used vehicle Used Vehicle for purposes of Paragraph 4 and this Paragraph 3, rather than as a new vehicleNew Vehicle. If any vehicle in Seller's inventory of new vehicles New Vehicles is damaged, and if the cost of repairing that damage is less than $1,000.00, then Buyer shall be obligated to purchase that vehicle as a new vehicleNew Vehicle, and but the price for that vehicle, as determined under subparagraph 3(a), shall be reduced by the actual net cost to Buyer of repairing that such damage. If Buyer and Seller are unable to agree upon the actual net cost to Buyer of repairing the damage to a vehicle, then Buyer and Seller shall select an independent third party to determine that repair cost, which determination shall be binding upon both Buyer and Seller.

DEDUCTION FOR DAMAGE TO NEW VEHICLES. Immediately prior to Closing, Buyer and Seller shall jointly inspect Seller's inventory of new vehicles. If any new vehicle in Seller's inventory of new vehicles purchased by Buyer from Seller is damaged, and if the cost of repairing that damage would be more than $1,000.00, then that vehicle shall be treated as a used vehicle for purposes of Paragraph 4 and this Paragraph 3, rather than as a new vehicle. If any vehicle in Seller's inventory of new vehicles is damaged, and if the cost of repairing that damage is less than $1,000.00, then Buyer shall be obligated to purchase that vehicle as a new vehicle, and the price for that vehicle, as determined under subparagraph 3(a), shall be reduced by the actual net cost to Buyer of repairing that damage. If Buyer and Seller are unable to agree upon the actual net cost to Buyer of repairing the damage to a vehicle, then Buyer and Seller shall select an independent third party to determine that repair cost, which determination shall be binding upon both Buyer and Seller.

DEDUCTION FOR DAMAGE TO NEW VEHICLES. Immediately prior to Closing, Buyer and Seller shall jointly inspect Seller's inventory of new vehicles. If any new vehicle in Seller's inventory of new vehicles purchased by Buyer from Seller is damaged, and if the cost of repairing that damage would be more than $1,000.00, then that vehicle shall be treated as a used vehicle for purposes of Paragraph 4 and this Paragraph 3, rather than as a new vehicle. If any vehicle in Seller's inventory of new vehicles is damaged, and if the cost of repairing that damage is less than $1,000.00, then Buyer shall be obligated to purchase that vehicle as a new vehicle, and the price for that vehicle, as determined under subparagraph 3(a), shall be reduced by the actual net cost to Buyer of repairing that damage. If Buyer and Seller are unable to agree upon the actual net cost to Buyer of repairing the damage to a vehicle, then Buyer and Seller shall select an independent third party to determine that repair cost, which determination shall be binding upon both Buyer and Seller.