Common use of General Service Obligations Clause in Contracts

General Service Obligations. (a) In the United States, Ally will provide full and fair consideration to Applications spanning a broad spectrum of prime and nonprime Consumers received from a Chrysler Dealer with whom Ally has a Retail Financing relationship, applying credit risk underwriting standards consistent with its general practices for Consumer Financing, and will purchase such contracts, if appropriate in Ally’s sole discretion in accordance with its usual and customary standards for creditworthiness, subject to applicable safety and soundness standards .

Appears in 4 contracts

Samples: Finance Operating Agreement (Chrysler Group LLC), Finance Operating Agreement (Chrysler Group LLC), Finance Operating Agreement (Chrysler Group LLC)

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