Common use of RETURN RESERVE Clause in Contracts

RETURN RESERVE. Seller agrees to assign and transfer its parts and accessories return reserve to the Buyer, if assignable, and allow Buyer to participate in such return reserve accumulated prior to Closing.

Appears in 2 contracts

Sources: Asset Purchase Agreement (Cross Continent Auto Retailers Inc M&l), Asset Purchase Agreement (Cross Continent Auto Retailers Inc M&l)

RETURN RESERVE. Seller agrees to assign and transfer its parts and accessories return reserve to the Buyer, if assignable, Buyer and allow Buyer to participate in such return reserve accumulated prior to Closing.

Appears in 1 contract

Sources: Asset Purchase Agreement (Sunbelt Automotive Group Inc)