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 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, minus the Grant Award, before the manufactured home is replaced;. d. The Grant Award will be released by NCORR after verification of DOB payment and a closing date is established; e. Once the replacement Manufactured Home Unit is delivered, installed and set-up and final inspections are complete, and the damaged unit is removed from its pre-storm location, the Vendor or Dealership can submit an invoice for the final payment under this Agreement. Upon receipt thereof, the Program will issue a check co-payable to the vendor and Participant(s) in the full amount of the Grant Amount within a reasonable amount of time; and f. Participant(s) acknowledge and understand that NCORR is not a party to the Agreement between Participant(s) and the Vendor or Dealership providing the replacement Manufactured Home Unit.