Common use of Sale of Vehicle Clause in Contracts

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.

Appears in 4 contracts

Samples: Finance Lease Agreement, Finance Lease Agreement, Finance Lease Agreement

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