Installment sale contract or "contract" means an agreement for the retail sale of a motor vehicle, or that has a similar purpose or effect, under which part or all of the price is payable in 2 or more scheduled payments subsequent to the making of the agreement or under which the obligor undertakes to make 2 or more scheduled payments or deposits that can be used to pay part or all of the purchase price, whether or not the seller has retained a security interest in the motor vehicle or has taken collateral security for the buyer's obligation, and any extension, deferment, renewal, or other revision of that agreement. The terms include a loan, mortgage, conditional sale contract, purchase-money chattel mortgage, hire-purchase agreement, or
Installment sale contract means that term as defined in section 2 of the motor vehicle sales finance act, MCL 492.102.
Installment sale contract or "contract" means a contract
Examples of Installment sale contract in a sentence
Review Materials: (a) Installment sale contract Tests: (a) Review the contract and confirm that there is no language present that limits the rights of the owner of the Receivable to sell the Receivable.
Review Materials: (a) Installment sale contract (b) AHFC’s list of approved contract forms (c) Title documents Tests: (a) Review the contract form number and revision date and confirm that it is on AHFC’s list of approved contract forms.
Review Materials: (a) Installment sale contract Tests: (a) Confirm that the contract contains language that requires the Obligor to obtain and maintain insurance against physical damage to the Financed Vehicle.
More Definitions of Installment sale contract
Installment sale contract means (i) a vacation owner agreement executed by TWRI, WorldMark and an Obligor, (ii) a vacation owner agreement executed by Eagle Crest, Eagle Crest Vacation Club and an Obligor, or (iii) a vacation owner agreement executed by Running Y Resort, Eagle Crest Vacation Club and an Obligor.
Installment sale contract means an agreement, in writing (including electronic correspondence), that evidences Purchaser request to acquire Devices from the Seller according to the terms and conditions of this Agreement. Each Installment Sale Contract will be evidenced by a Purchase Order from Purchaser and a vendor invoice with details of the request to acquire or finance Devices as further described in Section 2.2.
Installment sale contract or "contract" shall mean any contract for the retail sale of a motor vehicle, or which has a similar purpose or effect under which part or all of the price is payable in two or more scheduled payments subsequent to the making of such contract, or as to which the obligor undertakes to make two or more scheduled payments or deposits that can be used to pay part or all of the purchase price, whether or not the seller has retained a security interest in such motor vehicle or has taken collateral security for the buyer's obligation, and shall include any loan, any mortgage, any conditional sale contract, any purchase-money chattel mortgage, any hire-purchase agreement or any contract for the bailment or leasing of a motor vehicle under which the hire-purchaser, the bailee or lessee contracts to pay as
Installment sale contract or "contract" shall mean any contract for the retail sale of a motor vehicle, or which has a similar purpose or effect under which part or all of the price is payable in two or more scheduled payments subsequent to the making of such contract, or as to which the obligor undertakes to make two or more scheduled payments or deposits that can be used to pay part or all of the purchase price, whether or not the seller has retained a security interest in such motor vehicle or has taken collateral security for the buyer's obligation, and shall include any loan, any mortgage, any conditional sale contract, any purchase-money chattel mortgage, any hire-purchase agreement or any contract for the bailment or leasing of a motor vehicle under which the hire-purchaser, the bailee or lessee contracts to pay as compensation a sum substantially equivalent to or in excess of the value of the motor vehicle and any other form of contract which has a similar purpose or effect: Provided, however, That the terms shall not include any sale or contract for sale upon an open book account, wherein the seller has not retained or taken any security interest in the motor vehicle sold or any collateral security for the buyer's obligation, and wherein the buyer is not required to pay any sum other than the cash price of the motor vehicle sold in connection with such sale or extension of credit, and wherein the buyer is obligated to pay for the motor vehicle in full within ninety (90) days from the time the sale or contract for sale was made: Provided, also, That the terms shall not include a right to acquire possession of goods pursuant to a lease unless the lease constitutes a security interest as defined in 13 Pa.C.S. § 1201 (relating to general definitions) and is subject to 13 Pa.C.S. Div. 9 (relating to secured transactions). These terms shall also mean and apply to any extension, deferment, renewal or other revision of such installment sale contract. (10 amended Dec. 9, 2002,P.L.1446, No.186)
Installment sale contract means a signed contract between a purchaser and Diamond Resorts Polo Development, LLC or an affiliate thereof for the purchase of a Polo Property in which a deed evidencing title to such Polo Property is conveyed only upon satisfaction of the contract.
Installment sale contract or "contract" means an
Installment sale contract means a vacation owner agreement executed by an Originator, its related Vacation Club and an Obligor.