Purchasing Workhorse Vehicles Sample Clauses

Purchasing Workhorse Vehicles. In order to purchase Workhorse Vehicles from Workhorse for its own fleet or for any Third Party (“Third Party Purchaser”), Ryder will submit a standard purchase order in a format provided by Workhorse, which will be in the name of Ryder, the Third Party Purchaser or a financial institution, as applicable (each, a “Purchase Order”). For example, the Purchase Order for a Workhorse Vehicle purchased on behalf of a Third Party Purchaser will be in the name of the Third Party Purchaser. Workhorse will have ten (10) business days to accept the Purchase Order or make changes. If Workhorse does not respond by the end of the ten (10) day period, then the Purchase Order will be deemed accepted by Workhorse. Workhorse agrees it will use commercially reasonable efforts to meet the delivery date set forth in the Purchase Order (the “Delivery Date”). For Workhorse Vehicles sold by Ryder on behalf of Workhorse to the Third Party Purchasers, title will transfer directly from Workhorse to the Third Party Purchaser. Ryder shall remit payment to Workhorse for all Workhorse Vehicles it purchases from Workhorse, whether for Ryder’s own use or on behalf of a Third Party Purchaser, which shall be paid in ten (10) days of delivery. Ryder will not provide financing for Third Party Purchaser, but the parties agree and acknowledge that financing may be provided by Workhorse or a third-party financing entity. Ryder shall not be responsible for the failure or refusal by any Third Party Purchaser to pay Workhorse for a Workhorse Vehicle. In connection with the process of purchasing the Workhorse Vehicles by Ryder on behalf of Third Party Purchasers, parties will work together to mitigate any tax impact to Ryder.
Sample 1
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Related to Purchasing Workhorse Vehicles

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