New Recreation Vehicles Sample Clauses

New Recreation Vehicles. The new, unused and undamaged recreation vehicles in Seller's inventory as of the close of business on the date immediately preceding the Closing Date as defined in Section 5.1 (the "New RV Vehicle Inventory"). The purchase price for all 2003 model year recreation vehicles included in the New RV Vehicle Inventory shall be an amount equal to the manufacturer's invoice cost (including freight), less the manufacturer's holdback, rebates, or other allowances or credits (including financing allowances or interest credits) in respect to such vehicles unless such amounts have not been received by Seller in which case Seller shall assign its rights to receive such amounts to Buyer (the "Net Invoice Cost"), plus Seller's cost of pre-delivery inspection to the extent not theretofore reimbursed by the manufacturer if the unit has been in inventory for less than 180 days. The purchase price for any 2002 model year recreation vehicles shall be 90% of Net Invoice Cost. The purchase price for any 2001 model year recreation vehicles shall be 85% of Net Invoice Cost. The purchase price for any 2000 model year or older recreation vehicles shall be 80% of Net Invoice Cost
Sample 1
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Related to New Recreation Vehicles

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