Excess Mileage Deduction Sample Clauses
Excess Mileage Deduction. You have estimated in the Schedule the maximum estimated kilometres that the Vehicle will be driven before the Due Date (Maximum Estimated Kilometres). The Excess Mileage Deduction used to calculate the Sale Price is calculated as follows: A = Number of kilometres driven in excess of the Maximum Estimated Kilometres as at the date of our initial inspection of the Vehicle’s condition. does not exceed 15,000 kilometres 12 cents 15,001 to 25,000 kilometres 14 cents exceeds 25,001 kilometres 18 cents B = The amount per kilometer as specified in the below table
Excess Mileage Deduction. You have estimated in the Schedule the maximum estimated kilometres that the Vehicle will be driven before the Due Date. Subject to the exception below, the Excess Mileage Deduction used to calculate the Sale Price will be the product of the relevant amount per kilometre specified in the following table and the number of kilometres the Vehicle has been driven in excess of the maximum estimated kilometres as the date of our initial inspection of the Vehicle’s condition. Where the number of kilometres driven in excess of the maximum estimated kilometres: Amount per kilometre (for each kilometre in excess of the maximum estimated kilometres does not exceed 15,000 kilometres 12 cents exceeds 15,000 kilometres but does not exceed 25,000 kilometres 14 cents exceeds 25,000 kilometres 18 cents If, in our opinion, there has been a material change in the number of kilometres that the Vehicle has driven at the Due Date since the date of our initial inspection compared to the estimate you provided in the Schedule, we can update the Excess Mileage Deduction at the Due Date, and we will adjust the Sale Price to reflect the revised Excess Mileage Deduction.
Excess Mileage Deduction. Where the number of kilometres driven in excess of the maximum estimated kilometres: Amount per kilometre (for each kilometre in excess of the maximum estimated kilometres does not exceed 15,000 kilometres 12 cents exceeds 15,000 kilometres but does not exceed 25,000 kilometres 14 cents exceeds 25,000 kilometres 18 cents You have estimated in the Schedule the maximum estimated kilometres that the Vehicle will be driven before the Due Date. Subject to the exception below, the Excess Mileage Deduction used to calculate the Sale Price will be the product of the relevant amount per kilometre specified in the following table and the number of kilometres the Vehicle has been driven in excess of the maximum estimated kilometres as the date of our initial inspection of the Vehicle’s condition.