MBP Contract definition

MBP Contract means a service agreement sold to the Buyer under a Contract as an incident to the sale of the Vehicle, which agreement provides protection against mechanical as stated in such service agreement.
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Examples of MBP Contract in a sentence

  • Whether an acceptable MBP Contract is sold to the lessee for cash or the cash price therefor is financed in connection with the lease, DEALER agrees that the MBP Contract shall be cancellable upon the demand of either the lessee, in which case DEALER shall immediately notify GECAL thereof, or GECAL or by operation of law.

  • DEALER's liability under this paragraph shall be limited to that amount DEALER collected and retained or otherwise received in connectin with the sale of the MBP Contract which is determined by the foregoing standards to be subject to refund.

  • If an acceptable MBP Contract or Credit Insurance Policy is sold to Buyer(s) and financed as part of the Contract, Dealer agrees that the MBP Contract or the Credit Insurance Policy shall be cancelable upon the demand of Buyer(s) (in which case Dealer shall immediately notify MDA thereof) or by MDA, as may be allowed by applicable law, or by operation of law.

  • Siena may purchase Contracts that evidence the incidental sale to the Buyer of an MBP Contract covering the Vehicle, subject to the acceptability to Siena of the form, administrator and underwriter of the MBP Contract and subject further to the requirements set forth below.

  • Upon any such cancellation, the Buyer shall be entitled to a refund credit of the unearned portion of the cash price of the MBP Contract as provided in the MBP Contract or as otherwise required by law.

  • Dealer may sell to the lessee a mechanical breakdown protection contract ("MBP Contract") covering the leased vehicle subject to the acceptability of the form, administrator, if any, and underwriter of the MBP Contract to GECAL.

  • Dealer agrees that the MBP Contract shall be cancelable upon the demand of either the Buyer, in which case Dealer shall immediately notify Siena thereof, or Siena if the Buyer is in default under the Contract or by operation of law.

  • In the event of any such cancellation, Buyer(s) shall be entitled to a refund of the unearned portion for the cash price as provided in the MBP Contract, or Credit Insurance Policy or Contract, or as otherwise required by law, whichever provides for the greatest refund of credit.

  • In the event of any such cancellation the lessee shall be entitled to a refund credit of the unearned portion of the cash price as provided in the MBP Contract or lease or as otherwise required by law, whichever provides for the greatest refund credit.

  • As between MDA and Dealer, Dealer's liability under this paragraph shall be limited to the amount Dealer collected and retained or otherwise received in connection with the sale of the MBP Contract or the Credit Insurance Policy, which is determined by the foregoing standards to be subject to refund.

Related to MBP Contract

  • sub-contract means the primary contractor’s assigning, leasing, making out work to, or employing, another person to support such primary contractor in the execution of part of a project in terms of the contract;

  • Group contract means a contract for health care services which by its terms limits eligibility to members of a specified group. The group contract may include coverage for dependents.

  • Key Sub-Contract means each Sub-Contract with a Key Sub-Contractor;

  • Company IP Contract means any Contract to which the Company is a party or by which the Company is bound, that contains any assignment or license of, or covenant not to assert or enforce, any Intellectual Property Right or that otherwise relates to any Company IP or any Intellectual Property developed by, with, or for the Company.

  • Sub-contracting means the primary contractor’s assigning or leasing or making out work to, or employing another person to support such primary contractor in the execution of part of a project in terms of the contract.