PCP Agreement definition

PCP Agreement or "PCP" means each personal contract plan agreement entered into between an Obligor and VWFS in the form of standard business terms or otherwise pursuant to which VWFS has provided financing to an Obligor where the Final Rental Amount is substantially greater than the previous payments due under such contract and such Final Rental Amount is optional pursuant to the terms of such contract.
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PCP Agreement means fixed interest rate conditional sale contracts entered into by the Seller and Customers, which are secured by retention of title to the Financed Vehicles and, if the Customer opts to retain the related Financed Vehicle at the end of the contract term, a Guaranteed Future Value Payment becomes due from the Customer;
Sample 1

Examples of PCP Agreement in a sentence

  • Right to Vehicles and reliance on residual value Under Financing Contracts which are PCP Agreements, at the end of the term of the PCP Agreement, an Obligor may either settle the contract by paying the balloon payment (and thereby purchase the Vehicle) or, subject to the Vehicle being in a condition acceptable to VWFS and within the agreed mileage, return the Vehicle to VWFS in full and final settlement of the PCP Agreement.

  • Following the disruption to VWFS's dealer network and customary auction channels, VWFS has proposed to offer its customers in respect of maturing PCP Agreements an informal extension to the term of their PCP Agreement of up to 6 months where it is appropriate to do so.

  • Where a customer wishes to retain the vehicle upon maturity of a PCP Agreement, but does not have funds to cover the balloon payment due to financial difficulties related to the Corona Pandemic, regulated firms should work with the customer to find an appropriate solution, but such solutions should not lead to unfair customer outcomes.

  • However, unlike the terms of a typical LP Agreement, the Obligor under a PCP Agreement is not required to pay the Final Rental Amount.

  • Accordingly, the Noteholders are relying on the business judgement and practices of VWFS as they exist from time to time, in its capacity as Servicer, including enforcing claims against Obligors and selling Financed Objects at the end of a PCP Agreement.

  • To enroll, providers must complete and submit the IHC PCP Agreement and Attachment (see Appendix A) and:• Enroll with HFS as a “Participating Provider” with HFS as one of the allowed provider types.

  • Under Finance Agreements which are PCP Agreements, at the end of the term of the PCP Agreement, an Obligor may either settle the contract by paying the Final Instalment and the related Option to Purchase Fee (and thereby purchase the Vehicle) or return the Vehicle to RCI Financial Services Ltd in full and final settlement of the PCP Agreement.

  • The PCP Agreement for Participation and the Provider Enrollment Agreement can be accessed at: http://www.vtmedicaid.com/#/provEnrollDataMaint1.2.1 Enrollment Minimum/Maximum‌PC Plus PCPs can set a limit on the number of PC Plus members to be enrolled in their practice.

  • The Servicer may, acting in accordance with its Customary Operating Practices, agree to a COVID-19 Extension in respect of a maturing Purchased Receivable under which the related Financing Contract is a PCP Agreement.

  • When medically appropriate, PCPs will consider honoring an enrollee's request for referrals and second opinions.• Meet other requirements as detailed in the PCP Agreement B.

Related to PCP Agreement

  • Relationship Agreement means the relationship agreement between certain members of the Brookfield Group, the Partnership, BRELP, the Holding Entities and others;

  • Connection Agreement means an agreement entered into between a distributor and a person connected to its distribution system that delineates the conditions of the connection and delivery of electricity to or from that connection;

  • Operating Agreement means this Operating Agreement as originally executed and as amended from time to time.

  • Joint Agreement means a type of Fund Use Agreement between the Consortium and the Fund Council that sets forth an umbrella set of terms and conditions that govern principally the submission and approval of CRP proposals and the transfer and use of funds from the CGIAR Fund for implementation of CRPs.

  • Development Agreement has the meaning set forth in the Recitals.