Common use of Purchase of Contracts Clause in Contracts

Purchase of Contracts. Dealer is under no obligation to sell and Company is under no obligation to buy any Contracts. With respect to the purchase of any Contract, Company will promptly pay to Dealer the Purchase Price communicated to Dealer in accordance with the F&I Program, as amended from time to time. Dealer agrees that the F&I Program may be amended by Company in its sole discretion, and Dealer’s acceptance of such amendment will be evidenced by the sale of a Contract to Company, or sale of an F&I Product marketed by Company to a Buyer or prospective Buyer on behalf of Dealer on or after the effective date of such amendment.

Appears in 2 contracts

Sources: Dealer Agreement, Dealer Agreement