Manufacturer Agreements. Following is the policy regarding Manufacturer Agreements, and the procedures which must be completed prior to executing such agreements. It is the intention of AFC to fully review each manufacturer for financial stability, quality of product and commitment to integrity at a level equal to which AFC is held. In order to accomplish this, the following documents are necessary. Financial Statements: • Income statement and balance sheet within the last 90 days. • Income and balance sheet for prior year-end. Tax Returns: • Last two years corporate tax returns. Miscellaneous: • Credit references (minimum of two). • Most recent annual report or current business plan The documents above must be submitted to the Credit Manager. The Credit Manager will prepare a complete credit package for Credit Committee review. The package will Receivables Purchase Agreement AFC - Credit Policy include a financial analysis, Lexis/Nexis search or equivalent, reference check, business summary and credit recommendation. Every package requires the approval of at least the Director of Credit Services, Treasurer of ADESA, Inc., COO, or Controller.
Manufacturer Agreements. Following is the policy regarding Manufacturer Agreements, and the procedures which must be completed prior to executing such agreements. It is the intention of AFC to fully review each manufacturer for financial stability, quality of product and commitment to integrity at a level equal to which AFC is held. In order to accomplish this, the following documents are necessary. Financial Statements: · Income statement and balance sheet within the last 90 days. · Income and balance sheet for prior year-end. Tax Returns: · Last two years corporate tax returns. Miscellaneous: · Credit references (minimum of two). · Most recent annual report or current business plan The documents above must be submitted to the Credit Manager. The Credit Manager will prepare a complete credit package for Credit Committee review. The package will include a financial analysis, Lexis/Nexis search or equivalent, reference check, business summary and credit recommendation. Every package requires the approval of at least the Director of Credit Services, Treasurer of ADESA, Inc., COO, or Controller.
Manufacturer Agreements. As ABDC (but typically not Longs) is a party to contracts with Product manufacturers, ABDC shall * .
Manufacturer Agreements. Neither Sellers nor Principals have received a written notice from any Manufacturer, oral or written, that such Manufacturer has exercised any right it may have under its manufacturer agreement with a Seller to terminate such agreement. No Manufacturer has notified either Seller or Principals of (a) the awarding or possible awarding of a franchise to an entity or entities (including either Seller) in the Metropolitan Statistical Area (or PMA or AOR or like term) in which a Seller operates or (b) has protested any action by a Seller. Sellers have provided Purchaser with true, complete and correct copies of all manufacturer agreements to which a Seller is a party. Each Seller and, to the knowledge of Sellers, each Manufacturer have performed their respective obligations required to be performed by them to date and are not in default or alleged to be in default under any manufacturer agreement, are otherwise in compliance with the manufacturer agreements, and there exists no event, condition or occurrence which, after notice or lapse of time, or both, would constitute such a default. Each Seller has complied with all Manufacturer policies and procedures, recall notices, service bulletins and any other Manufacturer directive.
Manufacturer Agreements. Following is the policy regarding Manufacturer Agreements, and the procedures which must be completed prior to executing such agreements. It is the intention of AFC to fully review each manufacturer for financial stability, quality of product and commitment to integrity at a level equal to which AFC is held. In order to accomplish this, the following documents are necessary. Financial Statements: • Income statement and balance sheet within the last 90 days. • Income and balance sheet for prior year-end. Tax Returns: • Last two years corporate tax returns. Miscellaneous: • Credit references (minimum of two). • Most recent annual report or current business plan The documents above must be submitted to the Credit Manager. The Credit Manager will prepare a complete credit package for Credit Committee review. The package will Receivables Purchase Agreement
