Common use of Remarketing Services Clause in Contracts

Remarketing Services. All remarketing processes to be established and managed by SCUSA, including, without limitation, all [***] • Chrysler will have final approval on all remarketing strategies, policies and procedures prior to implementation • SCUSA shall propose a joint Chrysler/ SCUSA remarketing management committee with meetings on a regular basis • SCUSA shall propose a system that collectively leverages the scale of Chrysler and SCUSA to maximize benefit related to auction costs. • SCUSA shall provide that grounding dealers shall have the right to purchase off lease vehicle at fair market value (not residual value) • SCUSA shall provide copies of existing agreements with each auction company • SCUSA will share remarketing data on a regular basis including but not limited to: [***] • All remarketing expenses that exceed the standard industry reconditioning expenses for SCUSA shall be agreed upon by Chrysler and SCUSA on a [***] basis (or, if applicable, exclusive cost basis by either Chrysler or SCUSA) where appropriate. *** Certain information in this agreement has been omitted and filed separately with the Securities and Exchange Commission. [***] indicates that text has been omitted and is the subject of a confidential treatment request.

Appears in 3 contracts

Samples: Equity Option Agreement (Santander Consumer USA Holdings Inc.), Equity Option Agreement (Santander Consumer USA Holdings Inc.), Equity Option Agreement (Santander Consumer USA Holdings Inc.)

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Remarketing Services. All remarketing processes to be established and managed by SCUSA, including, without limitation, all [***] • Chrysler will have final approval on all remarketing strategies, policies and procedures prior to implementation • SCUSA shall propose a joint Chrysler/ SCUSA remarketing management committee with meetings on a regular basis • SCUSA shall propose a system that collectively leverages the scale of Chrysler and SCUSA to maximize benefit related to auction costs. • SCUSA shall provide that grounding dealers shall have the right to purchase off lease vehicle at fair market value (not residual value) • SCUSA shall provide copies of existing agreements with each auction company • SCUSA will share remarketing data on a regular basis including but not limited to: [***] ]. • All remarketing expenses that exceed the standard industry reconditioning expenses for SCUSA shall be agreed upon by Chrysler and SCUSA on a [***] basis (or, if applicable, exclusive cost basis by either Chrysler or SCUSA) where appropriate. *** Certain information in this agreement has been omitted and filed separately with the Securities and Exchange Commission. [***] indicates that text has been omitted and is the subject of a confidential treatment request.

Appears in 2 contracts

Samples: Master Private Label Financing Agreement (Chrysler Group LLC), Master Private Label Financing Agreement (Chrysler Group LLC)

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