Common use of DUTIES OF DEALER Clause in Contracts

DUTIES OF DEALER. Dealer agrees to comply with the following terms and conditions when selling an Extended Payment Terms Contract: a. Dealer shall require and receive from the Purchaser a minimum down payment of 10% of the Total Sale Price (defined below) for each such Extended Payment Terms Contract. b. SPP shall be designated by the Dealer in the Lienholder section of the completed Vehicle Service Contract application for the transaction as the lienholder thereunder. SPP, as designated in the Retail Installment Contract, will be the recipient of the installment payments, and is given authorization by Purchaser to collect the same monthly by debit or charge, as applicable, to Purchaser’s checking or credit card account. c. Dealer shall forward to the Administrator, within seven (7) business days after the sale, the Vehicle Service Contract and such other items as are customarily provided when a Vehicle Service Contract is sold without the Payment Plan Agreement, together with the original executed copy of the Retail Installment Contract, the Lienholder's copy of the completed Vehicle Service Contract, and if applicable the Purchaser’s voided check. d. SPP and the Administrator shall then confirm with each other the issuance of such Vehicle Service Contract and the sale thereof with the Payment Plan Agreement. e. The Account Price that Dealer will receive and the terms for payment thereof are set forth in Section 3 below. f. SPP shall receive for its services the “SPP Fee” defined in Section 3 below. g. Dealer shall only use forms that have been approved in writing by Administrator for use in SPP's payment plan program. Dealer agrees to follow the policy and procedures set forth in the Payment Plan Program Operations Manual issued by Administrator, and to properly use and complete the forms provided by Administrator and any revisions or amendments thereto. A copy of the currently effective Payment Plan Program Operations Manual is attached hereto as Exhibit “B” and incorporated herein by this reference. SPP and Administrator may amend the amount of the SPP Fee, and other operating procedures from time to time, upon at least 30 days prior written notice to Dealer. h. Accounts having an Account Price of $10,000 or more are not eligible for the SPP Payment Plan program. i. Dealer, at its expense, shall apply for, obtain and maintain any and all licenses required by the jurisdictions in which it is doing business, including but not limited to any license needed in order to be a seller of retail installment contracts.

DUTIES OF DEALER. Dealer agrees to comply with the following terms and conditions when selling an Extended a “no interest” Payment Terms ContractAgreement: a. A. Dealer shall require and receive from utilize the Purchaser a minimum down payment of 10% of the Total Sale Price (defined below) for each such Extended Payment Terms ContractASC Warranty online entry portal. No other means will be accepted. b. SPP B. ASCF shall be designated by the Dealer in the Lienholder section of the completed Vehicle Service Contract application for the transaction as the lienholder thereundervehicle service agreement application. SPPASCF, as designated in the Retail Installment Contract, will be the recipient of the installment payments, and is given authorization by Purchaser to collect the same monthly by debit or charge, as applicable, to Purchaser’s checking or credit card account. c. C. Dealer shall forward to the Administrator, within seven (7) business days after the salekeep on file, the Vehicle Service Contract original executed vehicle service agreement application and such other items as are customarily provided when a Vehicle Service Contract vehicle service agreement is sold without the “no interest” Payment Plan Terms Agreement, together with the original executed copy of the Retail Installment Contract, the Lienholder's ’s copy of the completed Vehicle Service Contractvehicle service agreement, and if applicable the Purchaser’s voided check.. Copies of originals must be provided to ASCF or the Administrator by Dealer upon request. Specimen d. SPP D. ASCF and the Administrator shall then confirm with each other the issuance of such Vehicle Service Contract vehicle service agreement and the sale thereof with the “no interest” Payment Plan Terms Agreement. e. E. The Account Price that Dealer will receive and the terms for payment thereof are set forth in Section 3 below. f. SPP F. ASCF shall receive from the Dealer for its services a fee (hereinafter called the “SPP ASCF Fee” defined in Section 3 below”) of $90 for the 12 month term Payment Terms Agreement and $130.00 for the 18 month term Payment Terms Agreement, provided the Amount Financed is less than $1,750. If the Amount Financed is $1,750 or more and less than $2,750, then the ASCF Fee is $150.00 if the 12 month term Payment Terms Agreement is selected and $250.00 if the 18 month term Payment Terms Agreement is selected. If during the term of the Payment Terms Agreement the related vehicle service agreement is canceled prior to the third payment being received by ASCF, either at the request of the Purchaser or at the request of ASCF, the ASCF Fee will only be $50.00 instead of $90.00, or $100.00 instead of $130.00, $120 instead of $150, or $150.00 instead of $250.00, as applicable, for that Payment Terms Agreement. g. G. Dealer shall only use forms that have been approved in writing by Administrator for use in SPP's payment plan ASCF’s “no interest” Payment Plan program. Dealer agrees to follow the policy and procedures set forth in the Payment Plan Program Operations Manual issued by Administrator, and to properly use and complete the forms provided by Administrator and any revisions or amendments thereto. A copy of the currently effective Payment Plan Program Operations Manual is attached hereto as Exhibit “B” and incorporated herein by this reference. SPP and Administrator ASCF may amend the amount of the SPP ASCF Fee, and other operating procedures from time to time, upon at least 30 days prior written notice to Dealer. h. H. Accounts having an Account Price a sale price of $10,000 2,750 or more are not eligible for the SPP Payment Plan ASCF “no interest” payment plan program. i. Dealer, at its expense, shall apply for, obtain and maintain any and all licenses required by the jurisdictions in which it is doing business, including but not limited to any license needed in order to be a seller of retail installment contracts.

DUTIES OF DEALER. Dealer agrees to comply with the following terms and conditions when selling an Extended Payment Terms Contract: a. Dealer shall require and receive from the Purchaser a minimum down payment of 10% of the Total Sale Price (defined below) for each such Extended Payment Terms Contract. b. SPP shall be designated by the Dealer in the Lienholder section of the completed Vehicle Service Contract application for the transaction as the lienholder thereunder. SPP, as designated in the Retail Installment Contract, will be the recipient of the installment payments, and is given authorization by Purchaser to collect the same monthly by debit or charge, as applicable, to Purchaser’s checking or credit card account. c. Dealer shall forward to the Administrator, within seven (7) business days after the sale, the Vehicle Service Contract and such other items as are customarily provided when a Vehicle Service Contract is sold without the Payment Plan Agreement, together with the original executed copy of the Retail Installment Contract, the Lienholder's copy of the completed Vehicle Service Contract, and if applicable the Purchaser’s voided check. d. SPP and the Administrator shall then confirm with each other the issuance of such Vehicle Service Contract and the sale thereof with the Payment Plan Agreement. e. The Account Price that Dealer will receive and the terms for payment thereof are set forth in Section 3 below. f. SPP shall receive for its services the “SPP Fee” defined in Section 3 below. g. Dealer shall only use forms that have been approved in writing by Administrator for use in SPP's payment plan program. Dealer agrees to follow the policy and procedures set forth in the Payment Plan Program Operations Manual issued by Administrator, and to properly use and complete the forms provided by Administrator and any revisions or amendments thereto. A copy of the currently effective Payment Plan Program Operations Manual is attached hereto as Exhibit “B” and incorporated herein by this reference. SPP and Administrator may amend the amount of the SPP Fee, and other operating procedures from time to time, upon at least 30 days prior written notice to Dealer. h. Accounts An Account having an Account Price of $10,000 or more are or that exceeds the higher of either of the following amounts (i) $1,000 over the Dealer Cost or (ii) 200% of the Dealer Cost is not eligible for the SPP Payment Plan program. i. Dealer, at its expense, shall apply for, obtain and maintain any and all licenses required by the jurisdictions in which it is doing business, including but not limited to any license needed in order to be a seller of retail installment contracts.

DUTIES OF DEALER. Dealer Xxxxxx agrees to comply with the following terms and conditions when selling an Extended a “no interest” Payment Terms ContractAgreement: a. A. Dealer shall require and receive from utilize the Purchaser a minimum down payment of 10% of the Total Sale Price (defined below) for each such Extended Payment Terms ContractASC Warranty online entry portal. No other means will be accepted. b. SPP B. ASCF shall be designated by the Dealer in the Lienholder section of the completed Vehicle Service Contract application for the transaction as the lienholder thereundervehicle service agreement application. SPPASCF, as designated in the Retail Installment Contract, will be the recipient of the installment payments, and is given authorization by Purchaser to collect the same monthly by debit or charge, as applicable, to Purchaser’s checking or credit card account. c. C. Dealer shall forward to the Administrator, within seven (7) business days after the salekeep on file, the Vehicle Service Contract original executed vehicle service agreement application and such other items as are customarily provided when a Vehicle Service Contract vehicle service agreement is sold without the “no interest” Payment Plan Terms Agreement, together with the original executed copy of the Retail Installment Contract, the Lienholder's ’s copy of the completed Vehicle Service Contractvehicle service agreement, and if applicable the Purchaser’s voided check. Copies of originals must be provided to ASCF or the Administrator by Dealer upon request. d. SPP D. ASCF and the Administrator shall then confirm with each other the issuance of such Vehicle Service Contract vehicle service agreement and the sale thereof with the “no interest” Payment Plan Terms Agreement. e. E. The Account Price that Dealer will receive and the terms for payment thereof are set forth in Section 3 below. f. SPP F. ASCF shall receive from the Dealer for its services a fee (hereinafter called the “SPP ASCF Fee” defined in Section 3 below.”) of $90 for the 12 month term Payment Terms Agreement and $130.00 for the 18 month term Payment Terms Agreement, provided the Amount Financed is less than $1,750. If the Amount Financed is $1,750 or more and less than $2,750, then the ASCF Fee is $150.00 if the 12 month term Payment Terms Agreement is selected and $250.00 if the 18 month term Payment Terms Agreement is selected. If during the term of the Payment Terms Agreement the related vehicle service agreement is canceled prior to the third payment being received by ASCF, either at the request of the Purchaser or at the request of ASCF, the ASCF Fee will only be $50.00 instead of $90.00, or $100.00 instead of $130.00, $120 instead of $150, or $150.00 instead of $250.00, as applicable, for that Payment Terms Agreement. SAMPLE g. G. Dealer shall only use forms that have been approved in writing by Administrator for use in SPP's payment plan ASCF’s “no interest” Payment Plan program. Dealer agrees to follow the policy and procedures set forth in the Payment Plan Program Operations Manual issued by Administrator, and to properly use and complete the forms provided by Administrator and any revisions or amendments thereto. A copy of the currently effective Payment Plan Program Operations Manual is attached hereto as Exhibit “B” and incorporated herein by this reference. SPP and Administrator ASCF may amend the amount of the SPP ASCF Fee, and other operating procedures from time to time, upon at least 30 days prior written notice to Dealer. h. H. Accounts having an Account Price a sale price of $10,000 2,750 or more are not eligible for the SPP Payment Plan ASCF “no interest” payment plan program. i. DealerI. Immediately upon executing a Payment Terms Agreement, at its expenseDealer shall provide a fully executed copy bearing the Purchaser’s signature to ASCF, shall apply for, obtain and maintain any and all licenses required by the jurisdictions in which it is doing business, including but not limited to any license needed in order to be a seller of retail installment contractsvia email to: xxxxxxx@xxxxxxxxxxx.xxx.