Common use of General Service Obligations Clause in Contracts

General Service Obligations. (a) In the United States (including Puerto Rico on a best efforts basis), Ally will provide full and fair consideration of any application for Dealer Financing received from a Chrysler Dealer, applying commercial lending credit risk underwriting standards consistent with Ally’s general practices for Dealer Financing and will provide Dealer Financing to the Chrysler Dealer, if appropriate in Ally’s sole discretion in accordance with its usual and customary commercial lending standards, subject to safety and soundness requirements and, absent a default by the dealer, the minimum guidelines described in Exhibit B of this Agreement, at the rate of return that Ally considers to be appropriate under the circumstances.

Appears in 4 contracts

Samples: Finance Operating Agreement (Chrysler Group LLC), Finance Operating Agreement (Chrysler Group LLC), Finance Operating Agreement (Chrysler Group LLC)

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