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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Related to PRICE FOR USED VEHICLES AND PROGRAM VEHICLES

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  • Identification of Asset Review Receivables Within ten (10) Business Days of receipt of an Asset Review Notice, the Servicer will deliver to the Asset Representations Reviewer and the Trustee a list of the related Asset Review Receivables.

  • Supplier Selection If Customer selects a seat or galley supplier that is not on the Boeing recommended list, such seat or galley will become BFE and the provisions of Exhibit A, Buyer Furnished Equipment Provisions Document, of the AGTA will apply.

  • Completion of Asset Review for Certain Asset Review Receivables Following the delivery of the list of the Asset Review Receivables and before the delivery of the Asset Review Report by the Asset Representations Reviewer, the Servicer may notify the Asset Representations Reviewer if an Asset Review Receivable is paid in full by the related Obligor or purchased from the Issuer by GM Financial, the Seller or the Servicer according to the Program Documents. On receipt of any such notice, the Asset Representations Reviewer will immediately terminate all Tests of the related Asset Review Receivables and the Asset Review of such Receivables will be considered complete (a “Test Complete”). In this case, the Asset Review Report will indicate a Test Complete for the related Asset Review Receivables and the related reason.

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  • Performance and Compliance with Receivables and Contracts At its expense, timely and fully perform and comply with all material provisions, covenants and other promises, if any, required to be observed by the Issuer under the Contracts related to the Receivables.

  • Missing or Insufficient Asset Review Materials If any of the Asset Review Materials are missing or insufficient for the Asset Representations Reviewer to perform any Test, the Asset Representations Reviewer will notify the Servicer promptly, and in any event no less than twenty (20) days before completing the Asset Review, and the Servicer will have fifteen (15) days to give the Asset Representations Reviewer access to such missing Asset Review Materials or other documents or information to correct the insufficiency. If the missing or insufficient Asset Review Materials have not been provided by the Servicer within fifteen (15) days, the parties agree that the Asset Review Receivable will have a Test Fail for the related Test(s) and the Test(s) will be considered completed and the Asset Review Report will indicate the reason for the Test Fail.

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