Installment Contract Clause Samples
Installment Contract. If the Agreement requires or authorizes the delivery of goods in separate lots to be separately accepted by ▇▇▇▇▇, Buyer may only refuse such portion of such lot or shipment that fails to comply with the requirements of the Agreement. Buyer may not refuse to receive any lot or portion of Goods shipped under the Agreement for failure of any other lot or portion of a lot to be delivered or to comply with this Agreement, unless such right of refusal is expressly provided for on the face hereof. Extension of Credit and Collections: In the event Buyer designates the collecting bank, it shall be responsible to Seller for any loss or damage to Seller by reason of any failure or default, on the part of said bank in connection with payment by Buyer under the Agreement. Should Buyer’s financial strength become unsatisfactory to Seller, Seller may, in its discretion, withhold further shipments, require immediate cash payments for past and future shipments or require other security satisfactory to Seller before further deliveries shall be made. If Buyer fails to pay Seller in accordance with the Agreement, Seller has the right, in addition to any other rights or remedies provided by contract or law, and subject to any right Buyer has by law to correct its default, to declare the entire balance of ▇▇▇▇▇’s account immediately due and payable or to foreclose any security interest that Seller may have in the Goods delivered. If any unpaid balance is referred for collection, ▇▇▇▇▇ agrees to pay (in addition to all damages otherwise available to Seller), to the extent permitted by law, reasonable attorney fees, whether or not litigation is commenced or prosecuted to final judgment, plus any court costs or expenses incurred by Seller, and any finance charge accrued on any unpaid balance owed by Buyer, all as calculated in accordance with the Agreement, until all amounts owed to Seller that are due are under the Agreement are paid in full.
Installment Contract. On each Purchase Date with respect to any Contract, the Seller shall deliver to the Purchaser the following documents or instruments except for those indicated in clauses (iii), (iv), (v) and (vi):
(i) The original Contract;
(ii) An unbroken chain of endorsements or assignments (which may be included in a blanket allonge or assignment) from the original payee to the Contract to the Seller;
(iii) Endorsements or assignments of the Contract (which may be included in a blanket allonge or assignment) from the original payee to the Initial Servicer to the Seller to the Purchaser's designee with evidence of recording in any jurisdiction in which recording is required, as determined by reference to the memoranda and legal opinions delivered on the Initial Purchase Date or subsequent memoranda and legal opinions required pursuant to Section 3.03(a); (iv) A Project Title Assignment or other document transferring to the Purchaser's designee an interest in the Property acceptable to the Purchaser;
Installment Contract. With respect to each Installment Contract, the Obligor has a right to use for a fixed or floating week in perpetuity. The Record Owner has an undivided interest in a fee simple or a substantially equivalent leasehold in real property consisting of a lodging unit or a group of lodging units at a Project. The Installment Contract provides for the conveyance of such interest to the Obligor upon payment of the installments. The execution and delivery of a chain of assignments of the Installment Contract from the original payee to the Purchaser and the assignment and acknowledgment of the Project Title Assignment constitute all actions required to perfect the Purchaser's ownership interest in the Installment Contract and related Property.
Installment Contract. If Buyer’s order requests or requires delivery in more than one installment, then the products involved in each delivery shall be deemed to be covered by a separate contract. Default in one or more deliveries shall not affect Buyer’s obligation to accept the balance of the required deliveries (unless otherwise specified in the acknowledgement).