Common use of Purchase Procedures Clause in Contracts

Purchase Procedures. In connection with acquiring the replacement Manufactured Home Unit, the Participant(s) must follow the following process in order for the Program to fund the Grant Amount: a. NCORR will select a prequalified and authorized Vendor or Dealership to replace and elevate the Participant(s) damaged Manufactured Home Unit; b. The Participant(s) and the Vendor or Dealership shall execute a Sales Agreement and send the fully executed original Agreement, NADA report and a notice of add-on items ordered by Participant(s) to NCORR for approval following Program policies and procedures; c. Participant(s) must pay the Vendor or Dealership any amounts due that are in excess of the Grant Amount and the DOB being held in escrow by the State, if any, which is necessary to provide the full amount of funds due to any Vendor or Dealer for the purchase of the replacement Manufactured Home Unit, plus costs associated with elevating the home, minus the Grant Award, before the manufactured home is replaced;.