1. Preferred Owner Program Credits may be applied only to subsequent purchases, but may not be applied to the transaction for which the Preferred Owner Credit was issued. Preferred Owner credits are limited to a maximum of $300 value for any single transaction or related multiple transactions.
2. Preferred Owner Program credits may be used only at John L. Sullivan Chevrolet, Inc., and must be applied within 24 months from the date issued. Preferred Owner Program credits have no cash value, and may not be exchanged, bartered, sold or otherwise transferred to another person. Products purchased using Preferred Owner Program Credits in whole or part may not be returned or exchanged for a cash equivalent to the Preferred Owner Program credits applied, but may otherwise be eligible for return, less the equivalent Preferred Owner Program credits applied to the original purchase. Customer coupons or other discount programs or special offers by John L. Sullivan Chevrolet, Inc., may not be combined with the Preferred Owner Program.
3. John L. Sullivan Chevrolet, Inc., may alter, amend, change or cancel the Preferred Owner Program, or any part thereof, at its sole and exclusive discretion at any time, with or without notice, save and except that all Preferred Owner Program credits issued during the program shall be honored as provided herein for the period stated.
4. Claims made against John L. Sullivan Chevrolet, Inc., directly or indirectly regarding or with respect to the Preferred Owner Program must be brought within one year of the acquisition of the applicable Preferred Owner Credits from John L. Sullivan Chevrolet, Inc. Such claims shall be resolved through binding arbitration pursuant to the California Arbitration Act, California Code of Civil Procedure 1280, et seq.