Demonstrators. NewCo shall accept from Contributor and Contributor shall contribute to NewCo Contributor’s New Vehicles with an odometer reading in excess of 500 miles, but less than 5,000 miles (“Demonstrators”). The Demonstrator values will be the value for New Vehicles calculated pursuant to Section 2(b)(ii) above less $0.25 per mile in excess of 500 miles, but not to exceed $5,000.00 per Demonstrator.
Appears in 4 contracts
Samples: Dealership Asset Contribution Agreement (LMP Automotive Holdings, Inc.), Dealership Asset Contribution Agreement (LMP Automotive Holdings, Inc.), Dealership Asset Contribution Agreement (LMP Automotive Holdings, Inc.)
Demonstrators. NewCo NewCos shall accept from their corresponding Contributor and Contributor Contributors shall contribute to NewCo Contributor’s their corresponding NewCos Contributors’ New Vehicles with an odometer reading in excess of 500 miles, but less than 5,000 miles (“Demonstrators”). The Demonstrator values will be the value for New Vehicles calculated pursuant to Section 2(b)(ii) above less $0.25 per mile in excess of 500 miles, but not to exceed $5,000.00 per Demonstrator.
Appears in 2 contracts
Samples: Dealership Asset Contribution Agreement (LMP Automotive Holdings, Inc.), Dealership Asset Contribution Agreement (LMP Automotive Holdings, Inc.)
