Report of Damage, Loss. Dealership will notify each of the Ally Parties upon any occurrence in which a Vehicle is damaged, destroyed, lost, stolen, or missing. Dealership must use reasonable means to diligently repair and restore such Vehicle to its original condition, replace, or locate any of these Vehicles, and keep the Ally Parties apprised of these efforts.
Appears in 2 contracts
Samples: Inventory Financing and Security Agreement (CarLotz, Inc.), Inventory Financing and Security Agreement (RumbleON, Inc.)
Report of Damage, Loss. Promptly following discovery, Dealership will notify each of the Ally Parties upon of any occurrence in which a Vehicle is damaged, destroyed, lost, stolen, or missing. Dealership must use reasonable means to diligently repair and restore such a damaged Vehicle to its original condition, replace, or locate any of these Vehicles, and keep the Ally Parties apprised of these efforts.
Appears in 1 contract
Samples: Agreement (Vroom, Inc.)
Report of Damage, Loss. Promptly following discovery, Dealership will notify each of the Ally Parties upon of any occurrence in which a Vehicle is damaged, Vehicles with an aggregate value in excess of $[***] are destroyed, lost, stolen, or missing. Dealership must use reasonable means to diligently repair and restore such a damaged Vehicle to its original condition, replace, or locate any of these Vehicles, and keep the Ally Parties apprised of these efforts.
Appears in 1 contract
Samples: Agreement (Vroom, Inc.)
