Vehicle Repurchase definition

Vehicle Repurchase means the repurchase or replacement by Ford of a Class Vehicle owned or leased by a Class Member.
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Vehicle Repurchase means the repurchase or replacement by FCA US of a Class Vehicle owned or leased by a Class Member. The choice of whether to repurchase or replace shall be at the Class Member’s sole discretion.
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Examples of Vehicle Repurchase in a sentence

  • However, Arbitration Claimants who do not prevail on a claim for a Vehicle Repurchase are entitled to appeal the Arbitrator’s award to an Appellate Arbitrator.

  • If the Arbitrator determines that a Vehicle Repurchase is required by the applicable lemon law, the Arbitrator shall award repurchase or replacement according to the terms of state law.

  • No fees may be awarded for pursuing or prevailing on any claims other than Vehicle Repurchase claims.

  • An Arbitrator may award reasonable attorneys’ fees incurred in pursuing a claim for a Vehicle Repurchase to an Arbitration Claimant who prevails on such a claim.

  • Notwithstanding anything herein, the Issuer shall have the right to consent to the sale or pledge by a Leasing Company or the Intermediary of any Vehicle Repurchase Rights under Section 3.6 of the related Leasing Company Indentures without the consent of any Group I Noteholders, except in the limited circumstances set forth in Section 13.21 hereof.

  • All Class Members may resubmit denied Vehicle Repurchase claims for a second arbitration if a subsequent Transmission Hardware Replacement has been performed at a Ford Dealer, subject to the applicable statute of limitations established by this Settlement Agreement.

  • However, any amount awarded by the Arbitrator for a Vehicle Repurchase shall be reduced by any cash payments made to the claimant pursuant to Sections II.B or II.C, or by the value of any used Vehicle Discount Certificates issued pursuant to Secton II.C. Any amount awarded by the Arbitrator for a Vehicle Repurchase shall also be reduced by the value of any unused and unexpired Vehicle Discount Certificates, unless the Certificate is voided by the Arbitrator.

  • Class Members may pursue binding arbitration for claims seeking a Vehicle Repurchase based in whole or in part on alleged defects in the PowerShift Transmission under the terms described below.

  • Regardless of the applicable state law governing the claims of an Arbitration Claimant who still owns or leases a Class Vehicle as of the time of an Arbitration Hearing, the Statute of Limitations for a Vehicle Repurchase claim brought by such a Claimant that is based in whole or in part on alleged defects in the PowerShift Transmission shall be six (6) years after delivery of the Class Vehicle to the first retail purchaser, or 180 days after the Approval Date, whichever is later.

  • NFLP will not create, incur, assume or permit to exist any Lien upon any of its Assets (including the Collateral), other than (i) Liens in favor of the Trustee for the benefit of the Secured Parties, (ii) Liens upon Exchanged Vehicle Repurchase Rights and Exchanged Vehicle Insurance Payments in favor of the Exchange Lender and (iii) Liens created by or permitted under the Related Documents.

Related to Vehicle Repurchase

  • Eligible Repurchase Month As defined in Section 3.11 hereof.

  • Eligible Repurchase Obligations Repurchase obligations with respect to any security that is a direct obligation of, or fully guaranteed by, the United States or any agency or instrumentality thereof the obligations of which are backed by the full faith and credit of the United States, in either case entered into with a depository institution or trust company (acting as principal) described in clause (b) of the definition of Permitted Investments.

  • Early Repurchase Date shall have the meaning specified in Section 3(d) of this Agreement.

  • Optional Repurchase is defined in Section 5.1(b).

  • Share Repurchase means the purchase, repurchase, redemption or other acquisition by Borrower from any Person of any capital stock or other equity interest of Borrower.