Common use of Down Payment Clause in Contracts

Down Payment. The down payment described in the Contract was paid to the Seller of the Financed Vehicle in the manner stated in the Contract. Seller warrants that Obligor has executed a true and correct down payment affidavit and Seller has not agreed to purchase any item, transfer funds, include any post dated checks, rebates or installment notes from Obligor for use as down payment or for any other reason related to the purchase of the Financed Vehicle. Failure to disclose such information makes said Contract full recourse to Seller and requires immediate payment in full of said Contract.

Appears in 3 contracts

Samples: Purchase Agreement, Purchase Agreement, Purchase Agreement

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Down Payment. The down payment described in the Contract was paid to the Seller of the Financed Vehicle in the manner stated in the Contract. Seller warrants that Obligor Xxxxxxx has executed a true and correct down payment affidavit and Seller has not agreed to purchase any item, transfer funds, include any post dated checks, rebates or installment notes from Obligor for use as down payment or for any other reason related to the purchase of the Financed Vehicle. Failure to disclose such information makes said Contract full recourse to Seller and requires immediate payment in full of said Contract.

Appears in 2 contracts

Samples: Purchase Agreement, Purchase Agreement

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