Exclusivity Payment. (a) For each one year period commencing December 1 and ending November 30 (initially commencing December 1, 2008), if the number of Retail Financing contracts dated during such period and booked by GMAC in connection with all GM Special Programs in the United States is greater than 50% of all Retail Financing contracts dated during such period and booked under all GM Special Programs in the United States, GMAC will pay to GM, annually in arrears, within 30 days of invoice date following the end of each one year period, $75 million.
Appears in 5 contracts
Samples: Financing Services Agreement, Financing Services Agreement (General Motors Co), Financing Services Agreement (Ally Financial Inc.)
