Common use of PURCHASE ORDERS FOR NEW VEHICLES Clause in Contracts

PURCHASE ORDERS FOR NEW VEHICLES. Immediately prior to Closing, Buyer and seller shall jointly review Seller's outstanding purchase orders for new vehicles ordered from Seller by customers but not delivered prior to Closing. At Closing, Seller shall assign to Buyer, and Buyer shall assume from Seller, all of Seller's rights (including customer deposits) and obligations (including sales commissions) under such purchase orders; provided, however, that Buyer shall not be obligated to assume Buyer's rights or obligations with respect to any new vehicle purchase order which is at a price less than factory invoice, or which provides for a trade-in at a price or under terms not acceptable to Buyer. At Closing, Seller shall turn over to Buyer all customer deposits on ordered but undelivered new vehicles.

PURCHASE ORDERS FOR NEW VEHICLES. Immediately prior to Closing, Buyer and seller Seller shall jointly review Seller's outstanding purchase orders for new vehicles ordered from Seller by customers but not delivered prior to Closing. At Closing, Seller shall assign to Buyer, and Buyer shall assume from Seller, all of Seller's Sellers rights (including customer deposits) and obligations (including sales commissions) under such purchase orders; provided, however, that Buyer shall not be obligated to assume Buyer's Sellers rights or obligations with respect to any new vehicle purchase order which is at a price less than then net factory invoice, or which provides for a trade-in at a price or under terms not acceptable unacceptable to Buyer. At Closing, Buyer shall reimburse Seller shall turn over for all deposits made by Seller with respect to Buyer all customer deposits on ordered but undelivered new vehicles.

PURCHASE ORDERS FOR NEW VEHICLES. Immediately prior to Closing, Buyer and seller Seller shall jointly review Seller's outstanding purchase orders for new vehicles ordered from Seller by customers but not delivered prior to Closing. At Closing, Seller shall assign to Buyer, and Buyer shall assume from Seller, all of Seller's rights (including customer deposits) and obligations (including sales commissions) under such purchase orders; provided, however, that Buyer shall not be obligated to assume BuyerSeller's rights or obligations with respect to any new vehicle purchase order which is at not a price less than factory invoice, or which provides for a trade-in at a price or under terms not acceptable unacceptable to Buyer. At Closing, Seller shall turn over reimburse Buyer for all deposits made to Buyer all customer deposits on Seller with respect to ordered but undelivered new vehicles.

PURCHASE ORDERS FOR NEW VEHICLES. Immediately prior to Closing, Buyer and seller Seller shall jointly review Seller's outstanding purchase orders for new vehicles ordered from Seller by customers but not delivered prior to Closing. At Closing, Seller shall assign to Buyer, and Buyer shall assume from Seller, all of Seller's rights (including customer deposits) and obligations (including sales commissions) under such purchase orders; , provided, however, that Buyer shall not be obligated to assume BuyerSeller's rights or obligations with respect to any new vehicle purchase order which is at a price less than factory invoice, or which provides for a trade-in at a price or under terms not acceptable unacceptable to Buyer. At Closing, Seller shall turn over to Buyer all customer deposits on ordered but undelivered new vehicles.

PURCHASE ORDERS FOR NEW VEHICLES. Immediately prior to Closing, Buyer and seller Seller shall jointly review Seller's outstanding purchase orders for new vehicles ordered from Seller by customers but not delivered prior to Closing. At Closing, Seller shall assign to Buyer, and Buyer shall assume from Seller, all of Seller's rights (including customer deposits) and obligations (including sales commissions) under such purchase orders; provided, however, that Buyer buyer shall not be obligated to assume BuyerSeller's rights or obligations with respect to any new vehicle purchase order which is at a price less than factory invoice, or which provides for a trade-in at a price or under terms not acceptable unacceptable to Buyer. At Closing, Buyer shall reimburse Seller shall turn over for all deposits made to Buyer all customer deposits on Seller with respect to ordered but undelivered new vehicles.

PURCHASE ORDERS FOR NEW VEHICLES. Immediately prior to Closing, Buyer and seller Seller shall jointly review Seller's outstanding purchase orders for new vehicles ordered from Seller by customers but not delivered prior to Closing. At Closing, Seller shall assign to Buyer, and Buyer shall assume from Seller, all of Seller's rights (including customer deposits) and obligations (including sales commissions) under such purchase orders; provided, however, that Buyer shall not be obligated to assume BuyerSeller's rights or obligations with respect to any new vehicle purchase order which is at a price less than factory invoice, or which provides for a trade-in at a price or under terms not acceptable unacceptable to Buyer. At Closing, Buyer shall reimburse Seller shall turn over for all deposits made by Seller with respect to Buyer all customer deposits on ordered but undelivered new vehicles.

PURCHASE ORDERS FOR NEW VEHICLES. Immediately prior to Closing, Buyer and seller Seller shall jointly review Seller's outstanding purchase orders for new vehicles ordered from Seller by customers but not delivered prior to Closing. At Closing, Seller shall assign and transfer to Buyer, and Buyer shall assume from Seller, all of Seller's rights (including customer deposits) and obligations (including sales commissions) under such purchase orders; provided, however, that Buyer shall not be obligated to assume BuyerSeller's rights or obligations with respect to any new vehicle purchase order which is at a price less than factory invoice, or which provides for a trade-in at a price or under terms not acceptable unacceptable to Buyer. At Closing, Seller shall turn over to Buyer all customer deposits on ordered but undelivered new vehicles.

PURCHASE ORDERS FOR NEW VEHICLES. Immediately prior to Closing, Buyer and seller Seller shall jointly review Seller's outstanding purchase orders for new vehicles New Vehicles ordered from Seller by customers but not delivered prior to Closing. At Closing, Seller shall assign and transfer to Buyer, and Buyer shall assume from Seller, all of Seller's rights (including customer deposits) and obligations (including sales commissions) under such purchase orders; provided, however, that Buyer shall not be obligated to assume BuyerSeller's rights or obligations with respect to any new vehicle New Vehicle purchase order which is at a price less than factory invoice, or which provides for a trade-in at a price or under terms not acceptable unacceptable to Buyer. At Closing, Seller shall turn over to Buyer all customer deposits on ordered but undelivered new vehicles.

PURCHASE ORDERS FOR NEW VEHICLES. Immediately prior to Closing, Buyer and seller Seller shall jointly review Seller's outstanding purchase orders for new vehicles ordered from Seller by customers but not delivered prior to Closingthe Closing DATe. At Closing, Seller shall assign to Buyer, and Buyer shall assume from Seller, all of Seller's rights (including customer deposits) and obligations (including sales commissions) under such purchase orders; provided, however, that Buyer shall not be obligated to assume BuyerSeller's rights or obligations with respect to any new vehicle purchase order which is at a price less than factory invoice, or which provides for a trade-in at a price or under terms not acceptable unacceptable to Buyer. At Closing, buyer shall reimburse Seller shall turn over for any and all deposits or other payments made by Seller with respect to Buyer all customer deposits on any ordered but undelivered new vehicles.

PURCHASE ORDERS FOR NEW VEHICLES. Immediately prior to Closing, Buyer and seller Seller shall jointly review Seller's outstanding purchase orders for new vehicles ordered from Seller by customers but not delivered prior to Closing. At Closing, Seller shall assign to Buyer, and Buyer shall assume from Seller, all of Seller's rights (including customer deposits) and obligations (including sales commissions) under such purchase orders; provided, however, that Buyer shall not be obligated to assume BuyerSeller's rights or obligations with respect to any new vehicle purchase order which is at a price less than factory invoice, or which provides for a trade-in at a price or under terms not acceptable unacceptable to Buyer. At Closing, Seller shall turn over to Buyer all customer deposits on ordered but undelivered new vehicles.

PURCHASE ORDERS FOR NEW VEHICLES. Immediately prior pdor to Closing, Buyer and seller Seller shall jointly review Seller's Sellers outstanding purchase orders for new vehicles ordered from Seller by customers but not delivered prior to Closing. At Closing, Seller shall assign to Buyer, and Buyer shall assume from Seller, all of Seller's rights (including customer deposits) and obligations (including sales commissions) under such purchase orders; provided, however, that Buyer shall not be obligated to assume BuyerSeller's rights or obligations with respect to any new vehicle purchase order which is at a price less than factory invoice, or which provides for a trade-trade in at a price or under terms not acceptable unacceptable to Buyer. At Closing, Seller shall turn over reimburse Buyer for all deposits made to Buyer all customer deposits on Seller with respect to ordered but undelivered new vehicles.

PURCHASE ORDERS FOR NEW VEHICLES. Immediately prior to Closing, Buyer and seller Seller shall jointly review Seller's Sellers outstanding purchase orders for new vehicles ordered from Seller by customers but not delivered prior to Closing. At Closing, Seller shall assign and transfer to Buyer, and Buyer shall assume from Seller, all of Seller's rights (including customer deposits) and obligations (including sales commissions) under such purchase orders; provided, however, that Buyer shall not be obligated to assume BuyerSeller's rights or obligations with respect to any new vehicle purchase order which is at a price less than factory invoice, or which provides for a trade-trade in at a price or under terms not acceptable unacceptable to Buyer. At Closing, Seller shall turn over to Buyer all customer deposits on ordered but undelivered new vehicles.