Sale of Vehicle. We will attempt to sell the Motor Vehicle promptly at the “Sale Price”. However if we are unable to sell the Vehicle within 30 days from the date the Vehicle is ready for sale then we may keep the Vehicle and get from a motor vehicle valuer a market valuation of the best wholesale price of the Vehicle. The market valuation will then be the Sale Price.
Sale of Vehicle. If BMW requires the Lessee to return the Vehicle to BMW or the Lessee returns the Vehicle to BMW or, BMW or a receiver takes possession of the Vehicle, BMW or the receiver as applicable shall:
Sale of Vehicle. If BMW terminates this Lease or takes possession of the Vehicle pursuant to its security interest or BMW appoints a receiver and such receiver takes possession of the Vehicle, BMW or the receiver as applicable shall sell the Vehicle and apply the proceeds in the manner set out at clauses 25 and 26.
Sale of Vehicle. Once your vehicle has been repossessed, we will send you notice of the re-sale at least 10 days in advance. Once your vehicle is sold, the proceeds will be credited to your account after reasonable expenses for retaking, holding, preparing for sale, processing and selling the vehicle, plus attorney’s fees and court costs the law permits, are paid. Any surplus after applying the proceeds to your account will be returned to you unless we are required by law to pay the proceeds to another person. You must pay any deficiency in your account after the proceeds of sale are applied. Any deficiency that you do not satisfy upon our demand will bear interest at the maximum base rate allowed by law.
Sale of Vehicle. On sale of the vehicle,
Sale of Vehicle. On sale of the vehicle, a) if the net sum realised by such sale be insufficient to cover the balance then due to the bank, the bank shall be at liberty to apply any other money or moneys in the hands of the bank standing to the credit or belonging to the borrowers or any one more of them in or towards payment of the balance for the time being due to the bank and in the event of their not being any such money or moneys as aforesaid in the hands of the bank or in the event of such money or moneys being still insufficient for the discharge in full of such balance the borrowers promise and agree forthwith on production to them further balance which may appear to be due by the borrowers thereon. PROVIDED ALWAYS that nothing herein contained shall deemed to negate qualify or otherwise prejudicially affect the right of the bank (which it is hereby expressly agreed that bank shall have) to recover from the borrowers the balance for the time being remaining due from borrowers to the bank notwithstanding that all or any of the said hypothecae may not have been realised. b) In the event of there being a surplus available of the net proceeds of such sale after payment in full of the balance due to the bank it shall be lawful for the bank to retain and apply the said surplus together with any other money or moneys belonging to the borrowers or any or more of them for the time being in the hands of the bank in or under whatever accounts as far as the same shall extend against in or towards payment or liquidation of any and all other moneys which shall be or may become due from the borrowers or any one or more of them whether solely or jointly with any other person or persons, firm or company to the bank by way of loans discounted bills, letters of credits, guarantees, Charges or on any other debts or liability including Bills, Notes, Credits and other obligations current though not then due or any one or more of them or which the law of more of them may have against the borrowers or any one or more of them or which the law of set off or mutual credit would in any case admit and whether the borrowers or any one or more of them shall become or be adjudicated bankrupt or insolvent or be in liquidation or otherwise and interest thereon from the date on which any and all advance or advances in respect thereof shall have been made at the rate of respective rate at which the same shall have been so advanced.
Sale of Vehicle. The insurance contract is not transferred should the vehicle be sold, and its effects cease at 24 hours on the actual day of sale, unless it is used by the actual insured person to insure another vehicle. The insured person should notify the Insurer of the sale of the vehicle within 24 hours. Failure to comply with the obligation provided in the previous number, means that the policyholder loses the right to the return on the premium for the period between the time of the sale of the vehicle and the end of the annual period in which the insurance is in force. The notification referred to in n° 2 should be accompanied by the provisional insurance certificate, the certificate of third party liability and the international certificate (Yellow Card) in force. In notifying the Insurer of the sale of the vehicle, the policyholder may ask for the effects of the contract to be suspended and the respective extension of the validity period of the policy, up to the time the vehicle has been replaced. Should the vehicle not be replaced within 90 days counting from the date on which suspension is requested, the validity period will not be extended, and the policy is considered null and void from the date on which suspension begins, the premium to be returned by the Insurer being equal to 50% of the premium for that period of unused cover.
Sale of Vehicle. The insurance contract is not transferred should the vehicle be sold, and its effects cease at 24 hours on the actual day of sale, unless it is used by the actual Policyholder to insure another vehicle. The Policyholder should notify the Insurer of the sale of the vehicle within 24 hours. Failure to comply with the obligation provided in the previous number, means that the Insurer has the right to an indemnity for a sum equal to the amount of the premium corresponding to the period of time elapsing from the time of selling the vehicle and the end of the annual insurance period in which this takes place, notwithstanding the fact that the contract has ceased to have effect in the terms of ruling n° 1. In notifying the Insurer of the sale of the vehicle, the Policyholder may ask for the effects of the contract to be suspended and the respective extension of the validity period of the policy, up to the time the vehicle has been replaced. Should the vehicle not be replaced within 90 days counting from the date on which suspension is requested, the validity period will not be extended, and the policy is considered null and void from the date on which suspension begins, the premium to be returned by the Insurer corresponding to that period of unused cover.
Sale of Vehicle. 7.1 If the Client sells the Vehicle to a third party, the Client may request the buyer of the Vehicle to take over the Order pertaining to the Vehicle, and to enter into an Agreement with Tracker.
Sale of Vehicle. 11.1 It is acknowledged and agreed by the parties to this Agreement that the Company does not recognise and has no liability in respect of any "goodwill" or premium which may have passed between a Carrier and a third party at any time prior to during or after the life of this Agreement.
