Common use of Payment Defined Clause in Contracts

Payment Defined. Except for payments required in III.A.8(b), III.B.7 and 8, III.C.2(b), and III.C.5(a), the requirement for making payments “promptly” as set forth in this Agreement means that the required payment amount must be tendered to the Ally Parties within five (5) business days.

Appears in 3 contracts

Sources: Inventory Financing and Security Agreement (Carvana Co.), Inventory Financing and Security Agreement (Carvana Co.), Inventory Financing and Security Agreement (Carvana Co.)