Common use of Finance Reserves Clause in Contracts

Finance Reserves. Purchaser shall receive all finance reserves, if any, and shall assume responsibility for all chargebacks of unearned finance income, vehicle service contracts and credit life insurance, other than chargebacks from default or early payoff prior to the customer making three (3) regular installment payments under the agreement.

Appears in 6 contracts

Samples: Asset Purchase Agreement (Group 1 Automotive Inc), Asset Purchase Agreement (Group 1 Automotive Inc), Asset Purchase Agreement (Group 1 Automotive Inc)

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