Sale and Purchase of Contracts. The Parties agree Westlake is under no obligation to purchase any Contracts from Dealer, nor is Dealer under any obligation to sell any Contracts to Westlake. All Contracts must be on forms satisfactory to Westlake, and otherwise acceptable to Westlake. Notwithstanding anything to the contrary in any assignment document executed by Dealer, all Contracts shall be deemed to have been assigned subject to Westlake's right to require repurchase pursuant to Section 6 hereof and as otherwise set forth in this Agreement. Dealer further agrees to abide by the terms of Westlake's policies and program guidelines then in effect at the time of assignment of the Contract. The Parties agree that the purchase of a Contract will occur when Westlake forwards funds to Dealer or credits Dealer's account after receipt and verification of the information provided by Dealer pursuant to Section 2. For each Contract Westlake decides it will purchase, Dealer agrees to execute an assignment of the Contract in a form acceptable to Westlake. Such assignment shall include all of Dealer's right, title, and interest in the Unit, and any guaranties, warranties or other documents executed in connection with the Contract.
Sale and Purchase of Contracts. NFI has sole discretion to determine which Contracts it will purchase from Dealer. The assignment and endorsement of each Contract (“Assignment”) will only occur when NFI disburses funds in the agreed upon Purchase Price to the Dealer and will be governed by the terms and conditions of this Agreement. A Contract purchase has occurred only when NFI has paid the Purchase Price to Dealer, following receipt and verification of Contract information provided by Dealer. For each Contract, Dealer shall execute and deliver to NFI any additional assignment forms required by NFI and shall deliver all other documents required for the purchase of the Contract by NFI (collectively “Required Documents”). The Required Documents shall include, but are not limited to the following:
Sale and Purchase of Contracts a. NationsCredit may, from time to time, purchase from Dealer such Contracts (as hereinafter defined) offered by Dealer as shall be written on forms satisfactory to NationsCredit and otherwise acceptable to NationsCredit. All such purchases shall be at purchase prices to be determined as provided in Paragraph (c)
Sale and Purchase of Contracts. 1. On each Business Day ITEC agrees to offer to sell to NFC, to endorse or otherwise assign to NFC, without recourse, except as provided herein, and to deliver to NFC all Retail Contracts, Leases and Wholesale Contracts acquired in the regular course of ITEC’s business on terms which will afford reasonable compensation for the financing services rendered by NFC to ITEC and Dealers in respect of the sale of New International Products, New Goods or Used Goods. NFC in turn agrees, to the extent that it is able to finance such purchases, to purchase such Retail Contracts, Leases and Wholesale Contracts except those, if any, as to which the risk of loss or, in the case of Leases, the residual value is unacceptable to NFC.
Sale and Purchase of Contracts. 1) LCU may from time to time purchase Contracts from the Dealer written on forms satisfactory to LCU. All contracts will be purchased at purchase prices determined as provided in this Agreement. Any amounts owed by LCU to the Dealer may be applied at LCU’s discretion to any indebtness of the Dealer to LCU arising under this Agreement or otherwise, and shall secure the performance of Dealer’s obligation to LCU arising under this agreement or otherwise.
Sale and Purchase of Contracts. If the [**] Licenses or the [**] Acquisition have been concluded prior to the Closing Date, the following shall apply:
Sale and Purchase of Contracts a. Apex Auto Lending may from time to time purchase Contracts from Dealer written or completed on forms, including electronic forms, satisfactory to Apex Auto Lending and otherwise acceptable to Apex Auto Lending. All Contracts will be purchased at purchase prices determined in accordance with Apex Auto Lending practices and this Agreement. Dealer grants Apex Auto Lending a security interest in the Dealer Participation Account (as hereinafter defined), any and all monies therein, accounts, receivables, and rights to payment of money owed by Apex Auto Lending, or any of its affiliates, to Dealer. Any amounts owed by Apex Auto Lending may be applied at Apex Auto Lending discretion to any indebtedness of Dealer to Apex Auto Lending arising under this Agreement or otherwise and shall secure the performance of Dealer’s obligations to Apex Auto Lending arising under this Agreement or otherwise.
Sale and Purchase of Contracts. The Parties agree SEAF is under no obligation to purchase any Contracts from Dealer, nor is Dealer under any obligation to sell any Contracts to SEAF. All Contracts must be on forms satisfactory to SEAF, and otherwise acceptable to SEAF. Notwithstanding anything to the contrary in any assignment document executed by Dealer, all Contracts shall be deemed to have been assigned subject to SEAF 's right to require repurchase pursuant to Section 6 hereof and as otherwise set forth in this Agreement. Dealer further agrees to abide by the terms of SEAF 's policies and program guidelines then in effect at the time of assignment of the Contract. The Parties agree that the purchase of a Contract will occur when SEAF forwards funds to Dealer or credits Dealer's account after receipt and verification of the information provided by Dealer pursuant to Section 2. For each Contract SEAF decides it will purchase, Dealer agrees to execute an assignment of the Contract in a form acceptable to SEAF. Such assignment shall include all of Dealer's right, title, and interest in the Unit, and any guaranties, warranties or other documents executed in connection with the Contract.
Sale and Purchase of Contracts. The Credit Union may purchase Contracts offered by Dealer if acceptable to the Credit Union or may provide financing to Dealer’s Customers.
Sale and Purchase of Contracts. The Parties agree Kartec is under no obligation to purchase any Contracts from Dealer, nor is Dealer under any obligation to sell any Contracts to Kartec. All Contracts must be on forms satisfactory to Kartec, and otherwise acceptable to Kartec. Notwithstanding anything to the contrary in any assignment document executed by Dealer, all Contracts shall be deemed to have been assigned subject to Kartec's right to require repurchase pursuant to Section 6 hereof and as otherwise set forth in this Agreement. Dealer further agrees to abide by the terms of Kartec's policies and program guidelines then in effect at the time of assignment of the Contract. The Parties agree that the purchase of a Contract will occur when Kartec forwards funds to Dealer or credits Dealer's account after receipt and verification of the information provided by Dealer pursuant to Section 2. For each Contract Kartec decides it will purchase, Dealer agrees to execute an assignment of the Contract in a form acceptable to Kartec. Such assignment shall include all of Dealer's right, title, and interest in the Unit, and any guaranties, warranties or other documents executed in connection with the Contract.
