Consumer Financing definition
Examples of Consumer Financing in a sentence
Failure of the Dealer/Provider to deliver the Financing Documents within the specified period will allow Home Credit to cancel the Consumer Financing Agreement and deduct the total Balance Amount of the Goods and/or Services pertaining to the undelivered Consumer Financing Agreements.
The Dealer/Provider shall ensure that it has a stable and reliable internet connection at the Dealer/Provider’s Premises to ensure the processing of the Consumer Financing Agreement and such other transactions necessary, incidental or related to the performance of Dealer/Provider’s obligations as provided herein.
This Agreement applies to Dealings related to Consumer Financing in the United States only, including Puerto Rico.
Until such time, both GM and GMAC will use their best efforts to cause their Subsidiaries engaged in Dealings related to Consumer Financing to honor and perform the obligations set forth in this Agreement as if they were parties to this Agreement.
Failure of the Dealer to deliver the Financing Documents within the specified period will allow Home Credit to cancel the Consumer Financing Agreement and deduct the total Balance Amount of the Goods pertaining to the undelivered Consumer Financing Agreements.
GMAC will provide Consumer Financing services to GM Consumers in accordance with the terms of this Agreement.
Notwithstanding the foregoing, to the extent Dealings related to Consumer Financing are not covered by this Agreement or another agreement between GM and GMAC, GM and GMAC will address such situation and enter into a separate agreement, consistent with current and historical practice in the United States and the spirit of this Agreement.
The terms and conditions related to individual Dealings in the United States involving Consumer Financing will be arm’s length and reasonably documented using written forms, contracts, or instruments (“Implementing Agreements”).
GM and GMAC will use their reasonable best efforts to cause their Subsidiaries that have Dealings related to Consumer Financing in the United States to agree to be bound by this Agreement by executing the opt in letter (an “Opt-in Letter”) in the form of Exhibit A attached to this Agreement.
The Dealer must ensure all Financing Documents will be delivered to Home Credit’s back office address stated in Schedule 4 (“Home Credit’s Back Office”) within fourteen (14) calendar days from signing of the Consumer Financing Agreement.