PAYMENTS FROM BUYER Sample Clauses

PAYMENTS FROM BUYER. Dealer shall instruct the Buyer to remit all payments due under a Purchased Contract to Avid or its designee, without set-off, claim or deduction. If Dealer receives any payment from any Buyer pursuant to a Purchased Contract or Ancillary Product assigned to Avid which should have been paid to Avid, Dealer shall immediately remit such payment to Avid, and in no event later than the close of the following business day.
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PAYMENTS FROM BUYER. Should any payment be made to Dealer under a Contract sold to SCUSA, Dealer shall receive such payment in trust and shall remit it to SCUSA immediately in the form received for credit to such Contract.
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PAYMENTS FROM BUYER. After purchase of a Contract by NationsCredit, Dealer shall forward to NationsCredit any payments on the Contract received by Dealer. In the event such payment is made by check or other instrument payable to Dealer, Dealer shall endorse such check or other instrument to NationsCredit. Dealer shall not make any payment in respect of any Contract on behalf of any Buyer without the prior written consent of NationsCredit.
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PAYMENTS FROM BUYER. Should any payment be made to Dealer under a Contract sold to ABT Keystone, Dealer shall receive such payment in trust and shall remit it to ABT Keystone immediately in the form received for credit to such Contract. ABT Keystone shall have the sole right to make collections on all Contracts or collect all payments due on all Loans and Dealer shall not solicit or make any collections or repossessions with respect to any Contract sold to ABT Keystone or any Loans made by ABT Keystone, as applicable, nor accept the return of, nor make any substitution of, any of the subject matter of such Contracts or Vehicle purchased pursuant to such Loans. Dealer shall hold in trust and promptly forward to ABT Keystone all communications and remittances received in reference to said Contract or Loans, as applicable.
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PAYMENTS FROM BUYER. (S). Should any payment be made to Dealer under a Contract sold to MDA, Dealer shall receive such payment in trust and shall remit same to MDA promptly in the form received for credit to such Contract.
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PAYMENTS FROM BUYER. Should any payment be made to Dealer under a Contract sold to MBG, Dealer shall receive such payment in trust and shall remit it to MBG immediately in the form received for credit to such Contract.
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PAYMENTS FROM BUYER. If Dealer receives any payment under an Assigned Contract, Dealer shall receive such payment in trust and shall remit it to CustomFin Auto immediately in the form received for credit to such Assigned Contract. CustomFin Auto shall have the sole right to make collections on all Assigned Contracts, and Dealer shall not solicit or make any collections or repossessions with respect to any Assigned Contract, nor accept the return of, nor make any substitution of, any of the Assigned Vehicles purchased pursuant to an Assigned Contract. Additionally, Dealer shall hold in trust and promptly forward to CustomFin Auto all communications received in reference to any Assigned Contracts.
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Related to PAYMENTS FROM BUYER

  • Payments from Available Funds Only All payments to be made by the Borrower under this Agreement shall be made only from the amounts that constitute Scheduled Payments, Special Payments and other payments under the Operative Agreements, including payment under Section 4.02 of the Participation Agreements and payments under Section 2.14 of the Indentures, and only to the extent that the Borrower shall have sufficient income or proceeds therefrom to enable the Borrower to make payments in accordance with the terms hereof after giving effect to the priority of payments provisions set forth in the Intercreditor Agreement. The Liquidity Provider agrees that it will look solely to such amounts to the extent available for distribution to it as provided in the Intercreditor Agreement and this Agreement and that the Borrower, in its individual capacity, is not personally liable to it for any amounts payable or liability under this Agreement except as expressly provided in this Agreement, the Intercreditor Agreement or any Participation Agreement. Amounts on deposit in the Class A Cash Collateral Account shall be available to the Borrower to make payments under this Agreement only to the extent and for the purposes expressly contemplated in Section 3.05(f) of the Intercreditor Agreement.

  • Payments Due on Non-Business Days Anything in this Agreement or the Notes to the contrary notwithstanding (but without limiting the requirement in Section 8.4 that the notice of any optional prepayment specify a Business Day as the date fixed for such prepayment), any payment of principal of or Make-Whole Amount or interest on any Note that is due on a date other than a Business Day shall be made on the next succeeding Business Day without including the additional days elapsed in the computation of the interest payable on such next succeeding Business Day; provided that if the maturity date of any Note is a date other than a Business Day, the payment otherwise due on such maturity date shall be made on the next succeeding Business Day and shall include the additional days elapsed in the computation of interest payable on such next succeeding Business Day.

  • Payments Due on Non-Business Day If the date fixed for any payment on any Trust Security shall be a day that is not a Business Day, then such payment need not be made on such date but may be made on the next succeeding day that is a Business Day (except as otherwise provided in Sections 4.1(a) and 4.2(d)), with the same force and effect as though made on the date fixed for such payment, and no interest shall accrue thereon for the period after such date.

  • Disbursements from the Escrow Account a. At such time as Escrow Agent has collected and deposited instruments of payment in the total amount of the Advance and has received such Common Stock via D.W.A.C from the Company which are to be issued to the Investor pursuant to the Standby Equity Distribution Agreement, the Escrow Agent shall notify the Company and the Investor. The Escrow Agent will continue to hold such funds until the Investor and Company execute and deliver a Joint Written Direction directing the Escrow Agent to disburse the Escrow Funds pursuant to Joint Written Direction at which time the Escrow Agent shall wire the Escrow Funds to the Company. In disbursing such funds, Escrow Agent is authorized to rely upon such Joint Written Direction from Company and may accept any signatory from the Company listed on the signature page to this Agreement and any signature from the Investor that Escrow Agent already has on file. Simultaneous with delivery of the executed Joint Written Direction to the Escrow Agent the Investor and Company shall execute and deliver a Common Stock Joint Written Direction to the Escrow Agent directing the Escrow Agent to release via D.W.A.C to the Investor the shares of the Company's Common Stock. In releasing such shares of Common Stock the Escrow Agent is authorized to rely upon such Common Stock Joint Written Direction from Company and may accept any signatory from the Company listed on the signature page to this Agreement and any signature from the Escrow Agent has on file. In the event the Escrow Agent does not receive the amount of the Advance from the Investor or the shares of Common Stock to be purchased by the Investor from the Company, the Escrow Agent shall notify the Company and the Investor.

  • Payments to Seller With respect to each Pledged Timeshare Loan, the Borrower shall have (i) received such Pledged Timeshare Loan as a contribution to the capital of the Borrower by the Seller or (ii) purchased such Pledged Timeshare Loan from the Seller in exchange for payment (made by the Seller in accordance with the provisions of the Sale and Contribution Agreement) in an amount which constitutes fair consideration and reasonably equivalent value. No such sale shall have been made for or on account of an antecedent debt owed by the Seller to the Borrower and no such sale is or may be voidable or subject to avoidance under any section of the Bankruptcy Code.

  • Payments from Paying Agent Account The Escrow Agent hereby irrevocably instructs the Paying Agent, and the Paying Agent agrees to act, as follows:

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