Cash Down Payment definition

Cash Down Payment means, with respect to a Receivable, the cash paid by the relevant Obligor to the Seller at the time of the execution of the Contract relating thereto, plus the actual cash value of any vehicle trade-in made by the Obligor (which value equals the trade allowance as stated in the Receivable less the amount required to satisfy and discharge all existing Liens on the vehicle trade-in less the amount by which such trade allowance exceeds the wholesale value of the vehicle trade-in as determined by the best estimate of the Seller).
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Examples of Cash Down Payment in a sentence

  • Deductions from Cash Sale Price (1) Cash Down Payment $0.00 (2) Trade-in Allowance $0.00 (3) Total Deductions $0.00 c.

  • Cash Down Payment due at the execution hereof by Purchaser(s) shall be 10% (Ten Percent) of the Contract Price.

  • Dealer shall notify Avid immediately if a Cash Down Payment check or other payment method for a Purchased Contract is returned for insufficient funds or any other reason.

  • If Dealer fails to collect the Cash Down Payment in full in accordance with this Agreement prior to the assignment of any Purchased Contract to Avid or if the Dealer accepts a check or other payment method that is returned for insufficient funds or any other reason upon presentment for payment, such Purchased Contract shall be subject to immediate repurchase by Dealer as described in Section 8 of this Agreement.

  • It is expressly acknowledged, understood, and agreed by the Parties that the following are not valid forms of Cash Down Payment: (i) a credit card, check drawn on a credit card account, or any other credit transaction; (ii) a payment made through a check guarantee service; (iii) uncashed checks or promissory notes of Buyer held by Dealer; or (iv) payment provided directly or indirectly by Dealer.

  • Upon acceptance by the Seller(s), the Cash Down Payment, including the ▇▇▇▇▇▇▇ Money, is non-refundable.

  • In the event that his Agreement is validly terminated by the Sellers under Section 8.1 (D) for failure of the Purchaser to close the transactions contemplated in this Agreement on or prior to the Closing Date and the Sellers are not in breach of this Agreement, the Sellers shall be entitled to retain the Cash Down Payment.

  • Class Notice and administration of Settlement Funds shall be assumed by ▇▇▇▇▇▇▇ & Co. whom the Court has previously approved to distribute notice of certification and opt-out procedures to the Class, unless the parties agree in writing to another qualified third party administrator, the costs for which shall be invoiced to the settling defendants and payable from the initial Cash Down Payment, and upon each annual class-wide distribution.

  • The ▇▇▇▇▇▇▇ Money and the Additional Cash Down Payment shall be applied as a credit to the Purchase Price at Closing.

  • The undersigned Producer represents and warrants that: (A) The Cash Down Payment shown above has been paid by or on behalf of the Borrower.