Common use of Auto dealers Clause in Contracts

Auto dealers. This section applies to merchants classified in an auto dealer industry. The following requirements will apply to Charges for the down payment or the entire purchase price of new and used motor vehicles. You may accept the Card for down payment of a motor vehicle, subject to the following provisions: • You must not submit a Charge for the down payment price of a used motor vehicle unless and until you have a written agreement/xxxx of sale signed by the Cardholder setting forth the terms of the sale, including down payment price, and your cancellation policy. • In addition to its other Chargeback rights, American Express also has Chargeback rights for any portion of the Charge for the down payment price of a used motor vehicle which is disputed by the Cardholder, if such disputed charge cannot be resolved in your favor based upon unambiguous language contained in the written agreement/xxxx of sale. • Should a Cardholder exercise his or her right to rescind the written agreement/xxxx of sale during any rescission period set forth in the Cardholder's agreement with you or at law, you shall submit a Credit to us promptly. • if American Express has classified you as an auto dealer of used motor vehicles exclusively, the down payment must not exceed 50% of the full purchase price of the motor vehicle. • If the Cardholder denies making or authorizing the Charge, American Express will have Chargeback rights for such Charge in addition to our other Chargeback rights. You may also accept the Card for the entire purchase price of a new or used motor vehicle, subject to the following provisions: • You are classified as an auto dealer of new or new and used motor vehicles (i.e. Your dealership sells new motor vehicles exclusively or both new and used motor vehicles). • The amount of the Charge does not exceed the total price of the motor vehicle after deduction of applicable discounts, taxes, rebates, cash down payments, and trade-in values. • You must not submit a Charge for the entire purchase price of a new or used motor vehicle unless and until you have a written agreement/xxxx of sale signed by the Cardholder setting forth the terms of the sale, including purchase price, delivery date and your cancellation policy. • In addition to other Chargeback rights, American Express also has Chargeback rights for any portion of the Charge for the entire purchase price of a new or used motor vehicle which is disputed by the Cardholder, if such disputed Charge cannot be resolved in .your favor based upon unambiguous language contained in the written agreement/xxxx of sale. . • Should a Cardholder exercise his or her right to rescind the written agreement/xxxx of sale during any rescission period set forth in the Cardholder's agreement with you or at law, you shall submit a Credit to us promptly. • If the Cardholder denies making or authorizing the Charge and you have not transferred title or physical possession of the motor vehicle to the Cardholder, American Express will have Chargeback rights for such Charge in addition to its other Chargeback rights.

Auto dealers. This section applies to merchants classified in an auto dealer industry. The following requirements will apply to Charges for the down payment or the entire purchase price of new and used motor vehicles. You may accept the Card for down payment of a motor vehicle, subject to the following provisions: • You must not submit a Charge for the down payment price of a used motor vehicle unless and until you have a written agreement/xxxx bill of sale signed by the Cardholder setting forth the terms of the sale, including down payment price, and your cancellation policy. • In addition to its other Chargeback rights, American Express also has Chargeback rights for any portion of the Charge for the down payment price of a used motor vehicle which is disputed by the Cardholder, if such disputed charge cannot be resolved in your favor based upon unambiguous language contained in the written agreement/xxxx bill of sale. • Should a Cardholder exercise his or her right to rescind the written agreement/xxxx bill of sale during any rescission period set forth in the Cardholder's agreement with you or at law, you shall submit a Credit to us promptly. • if American Express has classified you as an auto dealer of used motor vehicles exclusively, the down payment must not exceed 50% of the full purchase price of the motor vehicle. • If the Cardholder denies making or authorizing the Charge, American Express will have Chargeback rights for such Charge in addition to our other Chargeback rights. You may also accept the Card for the entire purchase price of a new or used motor vehicle, subject to the following provisions: • You are classified as an auto dealer of new or new and used motor vehicles (i.e. Your dealership sells new motor vehicles exclusively or both new and used motor vehicles). • The amount of the Charge does not exceed the total price of the motor vehicle after deduction of applicable discounts, taxes, rebates, cash down payments, and trade-in values. • You must not submit a Charge for the entire purchase price of a new or used motor vehicle unless and until you have a written agreement/xxxx bill of sale signed by the Cardholder setting forth the terms of the sale, including purchase price, delivery date and your cancellation policy. • In addition to other Chargeback rights, American Express also has Chargeback rights for any portion of the Charge for the entire purchase price of a new or used motor vehicle which is disputed by the Cardholder, if such disputed Charge cannot be resolved in .your favor based upon unambiguous language contained in the written agreement/xxxx bill of sale. . • Should a Cardholder exercise his or her right to rescind the written agreement/xxxx bill of sale during any rescission period set forth in the Cardholder's agreement with you or at law, you shall submit a Credit to us promptly. • If the Cardholder denies making or authorizing the Charge and you have not transferred title or physical possession of the motor vehicle to the Cardholder, American Express will have Chargeback rights for such Charge in addition to its other Chargeback rights.

Auto dealers. This section applies to merchants classified in an auto dealer industry. The following requirements will apply to Charges for the down payment or the entire purchase price of new and used motor vehicles. You may accept the Card for for: (i) down payment of a motor vehicle, subject to the following provisions: • You (a) you must not submit a Charge for the down payment price of a used motor vehicle unless and until you have a written agreement/xxxx of sale signed by the Cardholder Cardmember setting forth the terms of the sale, including down payment price, and your cancellation policy. • In addition to its our other Chargeback rights, American Express we also has have Chargeback rights for any portion of the Charge for the down payment price of a used motor vehicle which is disputed by the CardholderCardmember, if such disputed charge Disputed Charge cannot be resolved in your favor based upon unambiguous language contained in the written agreement/xxxx of sale. • Should ; (b) should a Cardholder Cardmember exercise his or her right to rescind the written agreement/xxxx of sale during any rescission period set forth in the Cardholder's Cardmember’s agreement with you or at lawyou, you shall submit a Credit to us promptly. • ; (c) if American Express has we have classified you as an auto dealer of used motor vehicles exclusively, the down payment must may not exceed 50% of the full purchase price of the motor vehicle. • If ; and (d) if the Cardholder Cardmember denies making or authorizing the Charge, American Express we will have Chargeback rights for such Charge in addition to our other Chargeback rights. You may also accept the Card for Charge; (ii) the entire purchase price of a new or used motor vehicle, subject to the following provisions: • You are (a) we have classified you as an auto dealer of new or new and used motor vehicles (i.e. Your dealership sells new motor vehicles exclusively or of both new and used motor vehicles). • The ; (b) the amount of the Charge does not exceed the total price of the motor vehicle after deduction of applicable discounts, taxes, rebates, cash down payments, and trade-in values. • You ; (c) you must not submit a Charge for the entire purchase price of a new or used motor vehicle unless and until you have a written agreement/xxxx of sale signed by the Cardholder Cardmember setting forth the terms of the sale, including purchase price, delivery date and your cancellation policy. • In addition to other Chargeback rights, American Express also has We have Chargeback rights for any portion of the Charge for the entire purchase price of a new or used motor vehicle which is disputed by the CardholderCardmember, if such disputed Disputed Charge cannot be resolved in .your your favor based upon unambiguous language contained in the written agreement/xxxx of sale. . • Should ; (d) should a Cardholder Cardmember exercise his or her right to rescind the written agreement/xxxx of sale during any rescission period set forth in the Cardholder's Cardmember’s agreement with you or at lawyou, you shall submit a Credit to us promptly. • If ; and (e) if the Cardholder Cardmember denies making or authorizing the Charge and you have not transferred title or physical possession of the motor vehicle to the CardholderCardmember, American Express we will have Chargeback rights for such Charge in addition to its other Chargeback rightsCharge.