Common use of Down Payment Clause in Contracts

Down Payment. The amount of any down payment was actually paid from the Obligor’s own funds, was not borrowed or otherwise advanced on the Obligor’s behalf by a third party who has a claim against the Obligor for the amount advanced, and was actually collected by Dealer either in immediately available funds or by check, draft or other form of payment which has not been and will not be dishonored or reversed for any reason, and such amount, the value of any trade-in (determined in accordance with the Xxxxx Blue Book or NADA valuation, as applicable) and the amount remaining unpaid on the Contract are as stated therein or as otherwise represented at the time of the assignment to CIG Financial;