REFUNDABLE MEMBERSHIP BOND. This Article applies only if the Member joins as part of a Membership Plan with a refundable membership bond.
8.1 The amount to be paid for the refundable membership bond is five hundred dollars ($500) for one person and seven hundred fifty dollars ($750) for a Family Membership.
8.2 The Member agrees on the full amount of his membership bond being used by Communauto as part of its activities, and more specifically, but without limiting the generality of the above, for the financing and purchasing of new vehicles.
8.3 No interest is calculated or paid on membership bonds.
8.4 At expiration or upon termination of the Contract, membership bonds are refunded to the Member, subject, however, to a compensation that may take place between the parties with respect to any amount due by the Member to Communauto under the Contract or the Rules and Regulations.
8.5 If the Member’s membership xxxx is not enough to cover their debt to Communauto, the latter reserves all rights and recourse to recover the full amount.
8.6 If applicable, membership bond reimbursement is also subject to the following repayment conditions:
8.6.1 reimbursement is made in a single payment on the Contract termination date, unless there are reasonable grounds to believe that, because of this, Communauto could not discharge its liabilities when due;
8.6.2 if there are reasonable grounds to believe that, because of reimbursement, Communauto could not discharge its liabilities when due, the membership bond reimbursement is made according to the following priorities and in chronological order of request within each priority:
(a) termination pursuant to Article 3.2 and 8.1;
(b) termination pursuant to Article 4.2;
(c) termination pursuant to Article 5.1;
(d) other cases of termination.
