Common use of Vehicle Service Contracts Clause in Contracts

Vehicle Service Contracts. Sales and remittance of Vehicle Service Contracts of any term length can be used to meet this monthly requirement. 1.3. Dealer further understands and agrees that if Dealer does not meet the monthly sales and remittance requirement of twenty (20) Vehicle Service Contracts, that Dealer must pay the difference to DLP, based on the shortfall in sales and remittance count times the Dealer Cost of a Class “A” three (3) months and or three thousand (3,000) miles Vehicle Service Contract, in addition to the amount already due to DLP for the Vehicle Service Contracts sold and remitted during that period. 1.4. Dealer has the right and ability to sell longer term Vehicle Service Contracts to their customers. 1.5. Dealer must at a minimum remit Vehicle Service Contracts on a monthly basis. 1.6. Dealer will provide the assigned Agent listed in this Addendum proof of the number of retail vehicles sold at Dealership monthly.