Retail Installment Contracts Clause Samples

Retail Installment Contracts. The retail installment contracts held by Company or any of its Subsidiaries are valid and enforceable in accordance with their terms except where the failure of such retail installment contracts to be valid and enforceable would not have a Material Adverse Effect on the Company.

Retail Installment Contracts. As to each Retail Installment Contract secured by first priority liens on Vehicles, each Seller jointly and severally represents and warrants that: (a) the Retail Installment Contract is in form and substance in compliance with all applicable governmental requirements; (b) the Retail Installment Contract is the only instrument executed by Seller for the purchase of the Vehicle described therein and is and will continue to be free from defenses, offsets and counterclaims; (c) all statements contained in each Retail Installment Contract are true and correct and the unpaid balance as shown therein and on Exhibit "A" attached hereto is correct; (d) any down payment in any Retail Installment Contract has been made in cash and not its equivalent unless otherwise stated in the Retail Installment Contract; (e) no part of the down payment described in any Retail Installment Contract and reflected as paid has been loaned or given directly or indirectly by Seller to Obligor on the Retail Installment Contract; (f) the financed Vehicle described in the Retail Installment Contract has been delivered; (g) each sale evidenced by said Retail Installment Contract was completed in accordance with all governmental requirements affecting such sale, including, but not limited to, the Federal Truth-in-Lending Act, the ▇▇▇▇▇▇▇▇ and ▇▇▇▇ Warranty Federal Trade Commission Improvement Act and Warrant Act, Federal Equal Credit Opportunity Act, The Federal Trade Commission Act, and all applicable state and local laws, rules and regulations; (h) all required disclosures to the Obligor on the Retail Installment Contract were made in accordance with all governmental requirements; (i) the Obligor in each Retail Installment Contract had the legal capacity to enter into said Retail Installment Contract; (j) the names and signatures on each Retail Installment Contract are not forged, fictitious or assumed and are true and correct; (k) each Retail Installment Contract is valid, binding and fully enforceable in the jurisdiction in which it was executed; (l) no payment under any Retail Installment Contract is past due by fifteen (15) days or more and all Retail Installment Contracts have been paid current through and until the Cut-Off Date and the Closing Date; 157 (m) all information in the Retail Installment Contract Packages is complete, true and correct; (n) all Retail Installment Contracts are fully enforceable in accordance with the terms and conditions set forth therein; (o) there are no...

Retail Installment Contracts. 20 Section 3.19

Retail Installment Contracts. Some of the Loans may be retail installment contracts for goods or services, and some of the Loans may be Home Improvement Loans for goods or services, which will be either "consumer credit contracts" or "purchase money loans" as such terms are defined in 16 C.F.R. Part 433.1.