Common use of Deferred Down Payment Clause in Contracts

Deferred Down Payment. With respect to each Contract which provides for any portion of the Obligor’s down payment to be made at any time subsequent to the execution of the Contract (such portion is hereinafter referred to as the ‘’Deferred Down Payment”), the Obligor shall pay the Deferred Down Payment in full to Dealer not later than two (2) weeks prior to the due date of the first regularly scheduled installment;