Installment Contracts Sample Clauses
An Installment Contracts clause defines the terms under which goods or services are delivered and paid for in separate, scheduled portions rather than as a single transaction. This clause typically outlines the timing, quantity, and payment structure for each installment, and may address what happens if one installment is defective or delayed. Its core practical function is to facilitate ongoing transactions by breaking them into manageable parts, thereby reducing risk and providing flexibility for both parties.
Installment Contracts. The Trustee shall not monitor the payment status of any Pre-need Contract payable in installments and shall not initiate cancellation of any Pre-need Contract for which one or more installment payments are delinquent. If the Provider desires to cancel a Pre-need Contract for which one or more installment payments are delinquent and the power to cancel is given to the Trustee under the Pre-need Contract, the Provider shall notify the Trustee in writing of the Provider’s desire to cancel the Pre-need Contract, and the Trustee shall cancel the Pre-need Contract in accordance with its terms, if consistent with the Act and other applicable law.
Installment Contracts. 1. Buyer may reject any nonconforming installment.
2. Whenever nonconformity or default with respect to one or more installments substantially impairs the value of the whole contract there is a breach of the whole.
Installment Contracts. The Trustee shall not monitor the payment status of the Pre-need Contract payable in installments and shall not initiate cancellation of any Pre-need Contract for which one or more installment payments are delinquent. If the Provider desires to cancel a Pre-need Contract for which one or more installment payments are delinquent. If the Provider desires to cancel a Pre-need Contract for which one or more installment payments are delinquent and the power to cancel is given to the Trustee under the Pre- need Contract, the Provider shall notify the Trustee in writing of the Provider’s desire to cancel the Pre-need Contract, and the Trustee shall cancel the Pre-need Contract in accordance with its terms, if consistent with the Act and other applicable law.