Common use of PARTS RETURN PRIVILEGES Clause in Contracts

PARTS RETURN PRIVILEGES. The Seller shall assign to the Buyer at Closing any net parts return privileges under the Manufacturer's Parts Return Plans that may have accrued to the Seller prior to the Closing (and any other special parts return authorizations which may have been granted to the Seller by Manufacturer). At the request of the Buyer, the Seller shall use its reasonable best efforts to assist the Buyer in effecting any one-time parts return offered by the Manufacturer, and will promptly pay over to the Buyer any monies received from the Manufacturer related thereto.

Appears in 2 contracts

Samples: Asset Purchase Agreement (Sonic Automotive Inc), Asset Purchase Agreement (Sonic Automotive Inc)

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PARTS RETURN PRIVILEGES. The Seller Sellers shall assign to the Buyer at ----------------------- Closing any net parts return privileges under the Manufacturer's respective Manufacturers' Parts Return Plans that may have accrued to the Seller Sellers prior to the Closing (and any other special parts return authorizations which may have been granted to the Seller Sellers by Manufacturerrespective Manufacturers). At the request of the Buyer, the Seller Sellers shall use its their reasonable best efforts to assist the Buyer in effecting any one-time parts return offered by the Manufacturerrespective Manufacturers, and will promptly pay over to the Buyer any monies received from the Manufacturer respective Manufacturers related thereto.

Appears in 1 contract

Samples: Asset Purchase Agreement (Sonic Automotive Inc)

PARTS RETURN PRIVILEGES. The Each Seller shall assign to the Buyer at Closing any net parts return privileges under the respective Manufacturer's Parts Return Plans that may have accrued to the such Seller prior to the Closing (and any other special parts return authorizations which may have been granted to the such Seller by a Manufacturer). At the request of the Buyer, the Seller shall use its reasonable best efforts to assist the Buyer in effecting any one-time parts return offered by the Manufacturer, and will promptly pay over to the Buyer any monies received from the Manufacturer related thereto.

Appears in 1 contract

Samples: Asset Purchase Agreement (Sonic Automotive Inc)

PARTS RETURN PRIVILEGES. The Seller shall assign to the Buyer at Closing any net parts return privileges under the Manufacturer's respective Manufacturers' Parts Return Plans that may have accrued to the Seller prior to the Closing (and any other special parts return authorizations which may have been granted to the Seller by Manufacturerrespective Manufacturers). At the request of the Buyer, the Seller shall use its reasonable best efforts to assist the Buyer in effecting any one-time parts return offered by the Manufacturer, and will promptly pay over to the Buyer any monies received from the Manufacturer related thereto.

Appears in 1 contract

Samples: Asset Purchase Agreement (Sonic Automotive Inc)

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PARTS RETURN PRIVILEGES. The Seller shall assign to the Buyer at Closing any net parts return privileges under the Manufacturer's Parts Return Plans that may have accrued to the Seller prior to the Closing in respect of the Parts (and any other special parts return authorizations in respect of the Parts which may have been granted to the Seller by Manufacturer). At the request of the Buyer, the Seller shall use its reasonable best efforts to assist the Buyer in effecting any one-time parts return offered by the Manufacturer, and will promptly pay over to the Buyer any monies received from the Manufacturer related thereto).

Appears in 1 contract

Samples: Asset Purchase Agreement (Sonic Automotive Inc)

PARTS RETURN PRIVILEGES. The Seller Sellers shall assign to the Buyer at the Closing any net parts return privileges under the Manufacturer's Parts Return Plans respective Manufacturers' parts return plans that may have accrued to the Seller Sellers prior to the Closing (and any other special parts return authorizations which may have been granted to the Seller by Manufacturer). At the request of the Buyer, the Seller shall use its reasonable best efforts to assist the Buyer in effecting any one-time parts return offered Sellers by the Manufacturer, and will promptly pay over to the Buyer any monies received from the Manufacturer related theretorespective Manufacturers).

Appears in 1 contract

Samples: Asset Purchase Agreement (Sonic Automotive Inc)

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