Common use of Limited Exclusivity Clause in Contracts

Limited Exclusivity. (a) Beginning on May 1, 2013, Chrysler will, if SCUSA has met agreed milestones as to credit decisions for initial Dealer inventory credit applicants, provide that [***] of Chrysler subvented unit volume (the “Volume Threshold”) is financed through the private label services provided under this Agreement. *** Certain information in this agreement has been omitted and filed separately with the Securities and Exchange Commission. [***] indicates that text has been omitted and is the subject of a confidential treatment request. (b) The limited exclusivity of Subvention Programs will be limited to programs under which Chrysler makes a payment to a financial services provider of an amount necessary to achieve a targeted annual interest rate or lease payment amount pursuant to a national marketing program (and will include “bonus cash” programs similar to those currently used by Chrysler but will not include other fixed dollar incentives, whether provided to dealers, consumers or others nor will they include any local promotions). (c) SCUSA will not enter into agreements or incur obligations that will restrict its ability to participate in any Chrysler subvention program. (d) Limited Exclusivity will [***] set forth below.

Appears in 3 contracts

Sources: Master Private Label Financing Agreement, Master Private Label Financing Agreement (Chrysler Group LLC), Master Private Label Financing Agreement (Chrysler Group LLC)