Common use of PAYMENT BY DISTRIBUTOR Clause in Contracts

PAYMENT BY DISTRIBUTOR. Subject to its right to offset any amounts owing Distributor from Dealer, Distributor shall pay Dealer for the eligible items purchased by it under the provisions of this Section B as soon as practicable following delivery thereof to Distributor; provided, however, that any payment for such eligible items may be made by Distributor, at its option, directly to any financing institution or other person or concern which shall have a security or ownership interest therein.

Appears in 3 contracts

Sources: Isuzu Dealer Sales and Service Agreement (United Auto Group Inc), Dealer Sales and Service Agreement (Firstamerica Automotive Inc /De/), Dealer Sales and Service Agreement (Lithia Motors Inc)