Qualifying Sales. Section 5(2) of the act applies only to ex- tensions which were requested, paid for, and for which the extension agreements were executed on or before April 2, 1982. Section 5(2) of the act applies to all sales existing as of the date of the purchas- er's application hereunder. Extensions of sales for which extensions were paid after April 2, 1982, do not qualify for an equivalent exten- sion under section 5(2) of the act. A person may not receive a credit under section 5(2) of the act for minimum fee ($100) extensions gran- ▇▇▇ before April 3, 1982, but only for extensions paid in cash by the purchaser.
Appears in 2 contracts
Sources: Paid Extension Credit Agreement, Paid Extension Credit Agreement