Common use of DETERMINATION OF INVENTORY OF PARTS AND ACCESSORIES Clause in Contracts

DETERMINATION OF INVENTORY OF PARTS AND ACCESSORIES. Seller's inventory of new, remanufactured and undamaged Ford and Mazda parts and accessories (whether manufactured by Franchisor or third party suppliers) shall be determined immediately prior to Closing (or on whatever earlier date shall be selected by mutual agreement of the parties) by a third party inventory service selected by mutual agreement of the parties. Buyer and Seller each shall be responsible for 50% of the fees charged by the inventory service for conducting the inventory.

Appears in 1 contract

Samples: Agreement for Purchase and Sale (Lithia Motors Inc)

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DETERMINATION OF INVENTORY OF PARTS AND ACCESSORIES. Seller's inventory of new, remanufactured current and undamaged Ford and Mazda Lincoln-Mercury parts and accessories (whether manufactured by Franchisor or third party suppliers) shall be determined immediately prior to Closing (or on whatever earlier date shall be selected by mutual agreement of the parties) by a third party inventory service selected by mutual agreement of the parties. Buyer and Seller each shall be responsible for 50% of the fees charged by the inventory service for conducting the inventory.

Appears in 1 contract

Samples: Agreement for Purchase and Sale (Lithia Motors Inc)

DETERMINATION OF INVENTORY OF PARTS AND ACCESSORIES. Seller's inventory of new, remanufactured current and undamaged Ford Nissan, Jeep, Eagle and Mazda Hyundai parts and accessories (whether manufactured by Franchisor or third party suppliers) shall be determined immediately prior to Closing (or on whatever earlier date shall be selected by mutual agreement of the parties) by a third party inventory service selected by mutual agreement of the parties. Buyer and Seller each shall be responsible for 50% of the fees charged by the inventory service for conducting the inventory.

Appears in 1 contract

Samples: Agreement for Purchase and Sale (Lithia Motors Inc)

DETERMINATION OF INVENTORY OF PARTS AND ACCESSORIES. Seller's inventory of new, remanufactured current and undamaged Ford Honda, Cadillac and Mazda Oldsmobile parts and accessories (whether manufactured by Franchisor or third party suppliers) shall be determined immediately prior to Closing (or on whatever earlier date shall be selected by mutual agreement of the parties) by a third party inventory service selected by mutual agreement of the parties. Buyer and Seller each shall be responsible for 50% of the fees charged by the inventory service for conducting the inventory.

Appears in 1 contract

Samples: Agreement for Purchase and Sale (Lithia Motors Inc)

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DETERMINATION OF INVENTORY OF PARTS AND ACCESSORIES. Seller's inventory of new, remanufactured current and undamaged Ford Jeep/Eagle and Mazda Mitsubishi parts and accessories (whether manufactured by Franchisor or third party suppliers) shall be determined immediately prior to Closing (or on whatever earlier date shall be selected by mutual agreement of the parties) by a third party inventory service selected by mutual agreement of the parties. Buyer and Seller each shall be responsible for 50% of the fees charged by the inventory service for conducting the inventory.

Appears in 1 contract

Samples: Lithia Motors Inc

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