Common use of Excess Wear and Tear Deduction Clause in Contracts

Excess Wear and Tear Deduction. When we calculate the Sale Price, we will do an initial inspection of the Vehicle’s condition to estimate the total cost of repairing and restoring the Vehicle to saleable condition (although we will not take into account any normal wear and tear for this purpose). The estimated costs may include, but are not limited to, the cost of preparing or replacing:

Appears in 4 contracts

Samples: Guaranteed Future Value Agreement, Guaranteed Future Value Agreement, GFV Agreement

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Excess Wear and Tear Deduction. When we calculate the Sale Price, we will do an initial inspection of the Vehicle’s condition to estimate the total cost of repairing and restoring the Vehicle to saleable condition (although we will not take into account any normal wear and tear for this purpose). The estimated costs may include, but are not limited to, the cost of preparing or replacing:,

Appears in 2 contracts

Samples: Guaranteed Future Value Agreement, GFV Agreement

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