Dealer Owner definition
Examples of Dealer Owner in a sentence
This Agreement shall expire on OCTOBER 31, 2000, or ninety days after the death or incapacity of a Dealer Operator or Dealer Owner, whichever occurs first, unless earlier terminated.
THE PERSONAL NATURE OF THE DEALER OWNER RELATIONSHIP There is no simple "yes" or "no" answer to the question, "Will American Honda permit transfer of a dealership to a publicly-owned corporation?" The answer depends on whether the proposed form of ownership preserves the individualized relationship between the Dealer Owner and the local community, on the one hand, and American Honda and the Dealer Owner, on the other hand.
If a Successor Nominee is not acceptable to the MINI Division, Dealer and the MINI Division will create a developmental plan which, if successfully accomplished, will qualify the Successor Nominee to eventually become a Dealer Owner.
On the other hand, public ownership of a portion of the shares of a dealership may be consistent with American Honda's objectives in cases in which a controlling interest in the dealership is maintained by a specified Dealer Owner and the dealership is managed by a specified Dealer Manager.
Company may terminate this Dealer Agreement upon 30 days notice if Dealer Operator or any Dealer Owner fails to continue to meet the Dealer Selection Criteria applicable to each; or Dealer Operator is changed or withdraws without Company's prior written approval; or if a minority or majority change in ownership or control occurs without Company's prior written approval; or if Dealer otherwise breaches this Dealer Agreement, and the basis for termination is not eliminated during the notice period.
Dealer, Dealer Owner and Public Company each represent and warrant that at all times during the continuance of the Addendum and the Sales and Service Agreement, that the purchases and sales of Dealer Stock undertaken referred to in this Addendum shall comply with all relevant state and federal laws, including state and federal securities laws.
This Agreement shall expire on OCTOBER 31, 2000, or ninety (90) days after the death or incapacity of a Dealer Operator or Dealer Owner, whichever occurs first, unless earlier terminated.
Except as provided in this Agreement, Franchisor has made no promises to Dealer, Dealer Operator, or Dealer Owner and there are no other agreements or understandings, either oral or written, between the parties affecting this Agreement or relating to any of the subject matters covered by this Agreement.
Porsche Cars N.A., Dealer, Dealer Owner and Public Company each agree that the terms and conditions of this Addendum are a material inducement to Porsche Cars N.A. to enter a Sales and Service Agreement with Dealer and constitute a consent of Porsche Cars N.A. on an exception basis, to the ownership and management structure of Dealer, Dealer Owner and Public Company.
Death of the principal Dealer Owner, unless Dealer Owner's heir and successor has been actively involved in Dealer Operations for one (1) year or more from the date of death, or unless Dealer Owner has a designated Dealer Manager with which A▇▇ has been working with for more than one (1) year from the date of death, dissolution or liquidation of Dealer.