Installment Purchase Clause Samples

An Installment Purchase clause outlines the terms under which a buyer pays for goods or services in multiple scheduled payments rather than a single lump sum. Typically, this clause specifies the number of installments, payment amounts, due dates, and any interest or penalties for late payments. By structuring payments over time, the clause facilitates affordability for the buyer and provides the seller with a predictable payment schedule, thereby reducing financial risk and ensuring clarity in the transaction process.
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Installment Purchase. The Purchase Price to be paid at the Closing Date for Transfers made in accordance with this Section shall be paid in installments as follows: twenty-five percent (25%) paid down at the Closing Date and the balance shall be paid in accordance with the terms of a Promissory Note in the form attached as Exhibit D; provided, however, that the Purchase Price shall be paid in full in immediately available U.S. funds at closing if either: the Offer Notice described in Section 4.1 specified full payment terms; or the Purchaser elects to pay the Purchase Price in full at the Closing Date.
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Installment Purchase. At the election of the purchaser, 80% of the -------------------- purchase price may be deferred and paid in four (4) annual installments each equal to 20% of the purchase price. Interest shall be paid annually on the unpaid balance at the rate of 7%. The debt of the purchaser shall be reflected in a note and secured by the shares of stock which the purchaser has not yet paid for. Certificates will be issued when payments are completed.
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Installment Purchase. If the Company or the Remaining Members, as the case may be (the "Purchaser"), elect to pay the Withdrawal Purchase Price on an installment basis (the "Indebtedness"), the Purchaser shall evidence the obligation to pay the Indebtedness by executing and delivering under seal its or their promissory note to the withdrawn Member or the Transferor (the "Payee") in the form approved by the Manager.
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Installment Purchase. Buyer hereby covenants and agrees to pay to Seller at ___________________________________________, or to such other person or at such other place as Seller may from time to time designate in writing, the purchase price and interest on the balance of the purchase price remaining from time to time unpaid from the date of initial closing at the rate of _____ per cent (____%) per annum, all payable in the manner following, to wit: (a) Buyer has paid $ _____________ (Indicate check and/or note and due date)(and will pay within _______ days the additional sum of $ ____________________ as ▇▇▇▇▇▇▇ money to be applied on the purchase price. The ▇▇▇▇▇▇▇ money shall be held by ____________ for the mutual benefit of the parties concerned; (b) At the time of the initial closing, the sum of $ _______________, plus or minus prorations, if any, as is hereinafter provided; (c) The balance of the purchase price, to wit: $ __________________ to be paid in equal _________ installments of $ ________________ each, commencing on the ___________ day of _________, and on the _____________ day of each month thereafter until the purchase price is paid in full ("Installment payments"); (d) The final payment of the purchase price and all accrued but unpaid interest and other charges as hereinafter provided, if not sooner paid, shall be due on the _______ day of ______; (e) All payments received hereunder shall be applied in the following order of priority: first, to interest accrued and owing on the unpaid principal balance of the purchase price; second, to pay before delinquent all taxes and assessments which subsequent to the date of this Agreement may become a lien on the premises; third, to pay insurance premiums falling due after the date of this Agreement; and fourth, to reduce said unpaid principal balance of the purchase price; (f) Payments of principal and interest to Seller shall be received not in tenancy in common, but in joint tenancy with the right of survivorship.
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Installment Purchase. Any monies due Piltch for the transaction contemplated hereby, other than the 8% interest payment on the Preferred Stock, shall be made on an installment basis during the five year period contemplated herein, the amount of which installment and the timing of which shall be agreed upon by Integra and Piltch.
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Related to Installment Purchase

  • EQUIPMENT PURCHASE This Schedule contemplates Lessor's acquisition of Equipment for lease to Lessee, either by one of the first three categories listed below or by providing Lessee with Equipment from the fourth category, in a value up to the Commitment Amount referred to on the face of this Schedule. If the Equipment acquired is of category (i), (ii) or (iii) below, the effectiveness of this Schedule as it relates to those items of Equipment is contingent upon Lessee's acknowledgment at the time Lessor acquires the Equipment that Lessee has either received or approved the relevant purchase documentation between vendor and Lessor for that Equipment. Lessor will finance only the acquisition of individual items of Equipment with a cost to Lessor of more than $500.00. (i) NEW ON-ORDER EQUIPMENT. Lessor will purchase new Equipment which is specifically approved by Lessor. (ii) SALE-LEASEBACK EQUIPMENT. Any in-place Equipment installed at Lessee's site and to which Lessee has clear title and ownership may be considered by Lessor for inclusion under this Lease (the "Sale-Leaseback Transaction"). Any request for Sale-Leaseback Transaction must be submitted to Lessor in writing (along with accompanying evidence of Lessee's Equipment ownership satisfactory to Lessor for all Equipment submitted) no later than the fifteenth day of the last month in each quarter and for equipment installed after the date hereof (except for the Equipment submitted on the second Sale- Leaseback Transaction) Lessor will not approve a Sale-Leaseback Transaction for Equipment which arrives ninety (90) days after the original purchase of the Equipment as evidenced by the invoice date. Further, the first Sale-Leaseback of Equipment will be placed on lease subject to: (1) Lessor prior approval of the Equipment; and (2) if approved, at Lessee's actual book value. The second Sale-Leaseback Transaction will be placed on lease subject to values established by Lessor based on the age of the Equipment. (iii) USED ON-ORDER EQUIPMENT. Lessor will purchase used Equipment which is obtained from a third party by Lessee for its use subject to Lessor's prior approval of the Equipment and at Lessor's appraised value for such used Equipment.

  • Subsequent Purchases After the Closing Date, until the Purchase and Sale Termination Date, each Receivable and the Related Rights generated by each Originator shall be, and shall be deemed to have been, sold or contributed, as applicable, by such Originator to the Buyer immediately (and without further action) upon the creation of such Receivable.

  • Equipment Purchases If this Agreement includes the purchase of equipment, this section is applicable. The JBE may, at its option, repair any damaged or replace any lost or stolen items and deduct the cost thereof from Contractor’s invoice to the JBE, or require Contractor to repair or replace any damaged, lost, or stolen equipment to the satisfaction of the JBE at no expense to the JBE. If a theft occurs, Contractor must file a police report immediately.

  • Agent Purchases The Company acknowledges and agrees that Agent has informed the Company that the Agent may, to the extent permitted under the Securities Act and the Exchange Act, purchase and sell Common Stock for its own account while this Agreement is in effect, provided, that (i) no such purchase or sales shall take place while a Placement Notice is in effect (except to the extent the Agent may engage in sales of Placement Shares purchased or deemed purchased from the Company as a “riskless principal” or in a similar capacity) and (ii) the Company shall not be deemed to have authorized or consented to any such purchases or sales by the Agent.

  • Installment Payments Notwithstanding Section 3.01, the Executive may elect by written notice to receive any payments due to him hereunder by way of periodic or installment payments.