PRICE FOR USED VEHICLES AND PROGRAM VEHICLES Sample Clauses

PRICE FOR USED VEHICLES AND PROGRAM VEHICLES. The purchase price for each of Seller's used vehicles except used Honda vehicles shall be equal to the "wholesale" value for that vehicle as published in the Xxxxxx Blue Book (Western Edition) for the period which includes the Closing Date plus $74 for each installed silencer security system, reduced by the amount, if any, reasonably necessary to repair or recondition such vehicle to a standard which is customary for such used vehicle to be sold at retail. Buyer shall perform all such repairs and reconditioning at the dealership location if possible, and any reduction of the used vehicle price shall not exceed 50% of the normal retail charge for such repairs or reconditioning. If it is not possible to perform such repairs or reconditioning at the dealership location, the reduction of the used vehicle price shall be Buyer's cost to complete such repairs or reconditioning. If the parties cannot agree upon the necessity for or the extent of such repairs or reconditioning, they shall select an independent third party to make such a determination, which determination shall be final and binding upon both Buyer and Seller. The purchase price for used Honda vehicles and Program Vehicles shall be that certain price determined by mutual agreement of Buyer and Seller. If Buyer and Seller are unable to agree upon the price for any used Honda vehicle or Program Vehicle, the Buyer shall have no right or obligation to purchase that vehicle, and Seller shall have no right or obligation to sell that vehicle. Buyer and Seller agree to use their best efforts to establish the proposed purchase prices of all used vehicles and program vehicles at least three business days prior to the anticipated Closing Date.
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