GM Special Program definition
Examples of GM Special Program in a sentence
The terms of this Section 3.2 shall not apply to any GM Special Program that relates to Operating Leases.
During a Capital Markets Disruption, [***], then GM has the right to provide such GM Special Program through a Third Party Program.
If no Capital Markets Disruption exists and [***], then GM has the right to offer such GM Special Program through a Third Party Program.
Subject to the principles and exceptions outlined in this Section 3.2, whenever GM offers a GM Special Program regarding a Retail Financing product, it will do so exclusively through GMAC.
If application of these principles to specific products is not self evident and requires negotiation between the parties, the terms and conditions of the GM Special Program applicable to such product will be documented in a separate implementing agreement.
If GMAC believes GM has done such a thing, it can invoke the Dispute resolution process as outlined in Section 10.7. The fact that GMAC is unwilling or unable to participate in a GM Special Program, or the fact that GMAC does not find the terms of a GM Special Program attractive, do not, in and of themselves, mean that GM has intentionally designed a GM Special Program with the intent of excluding GMAC’s participation.
If GM does not provide at least 5 Business Days’ notice (3 Business Days for lease pull ahead) of a GM Special Program, GMAC will use best efforts to implement such GM Special Program to the extent reasonably and practically possible under the circumstances.
If GMAC cannot implement the GM Special Program concept as proposed by GM, GM and GMAC will cooperate to find a workable solution, if any.
If application of these principles to specific GM Special Programs is not self evident and requires negotiation between the parties, the terms and conditions of that GM Special Program, including the pricing mechanism, will be documented in a separate implementing agreement.