Common use of Retain Clause in Contracts

Retain. You can choose to retain the Vehicle by either paying us, or re-financing, the Final Payment Amount on or before the Due Date: a) If you want to retain the Vehicle by paying us the Final Payment Amount, then you must repay it on the Due Date. b) If you want to re-finance the Final Payment Amount (that is, enter into a new loan agreement to borrow more money to pay for this amount), you must tell us in writing at least 30 days before the Due Date. You will only be able to choose this option if you meet our normal lending criteria.

Appears in 6 contracts

Samples: Guaranteed Future Value Agreement, GFV Agreement, GFV Agreement

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