Common use of Used Vehicles Clause in Contracts

Used Vehicles. NewCo may accept contribution of all vehicles other than the New Vehicles, Demonstrators and Loaner Vehicles in Contributor’s vehicle inventory as of the Closing Date selected by Contributor at a mutually agreed upon values (collectively, “Used Vehicles”). If the Parties are unable to agree on the value of any Used Vehicle, then each such Used Vehicle will be excluded from the sale and removed from the Property within ten (10) days after the Closing.

Appears in 4 contracts

Samples: Dealership Asset Contribution Agreement (LMP Automotive Holdings, Inc.), Dealership Asset Contribution Agreement (LMP Automotive Holdings, Inc.), Dealership Asset Contribution Agreement (LMP Automotive Holdings, Inc.)

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Used Vehicles. NewCo NewCos may accept contribution of all vehicles other than the New Vehicles, Demonstrators and Loaner Vehicles in Contributor’s Contributors’ vehicle inventory as of the Closing Date selected by Contributor Contributors at a mutually agreed upon values (collectively, “Used Vehicles”). If the Parties are unable to agree on the value of any Used Vehicle, then each such Used Vehicle will be excluded from the sale and removed from the Property within ten (10) days after the Closing.

Appears in 1 contract

Samples: Dealership Asset Contribution Agreement (LMP Automotive Holdings, Inc.)

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