Common use of Repurchase Amount Clause in Contracts

Repurchase Amount. If the Arbitrator determines that a Vehicle Repurchase is required by the applicable lemon law, the Arbitrator shall award repurchase or replacement according to the terms of state law. If the Arbitrator determines that a Vehicle Repurchase is not required by the applicable lemon law, but is required under Section II.N.1.d, the Arbitrator shall award a repurchase on the terms set forth in the rules of arbitration attached as Exhibit H. In either case, any amount awarded by the arbitrator shall be reduced by any cash payments made to the claimant pursuant to Sections II.B or II.C, or by the value of any used Vehicle Discount Certificates issued pursuant to Section II.C. Any amount awarded by the Arbitrator for a Vehicle Repurchase shall also be reduced by the value of any unused and unexpired Vehicle Discount Certificates, unless the Certificate is voided by the Arbitrator.