Common use of Application of Loan Clause in Contracts

Application of Loan. If the Motor Vehicle described above is a new Toyota vehicle being sold to you by Toyota New Zealand Limited (“Toyota NZ"), we will pay the Price shown above to Toyota NZ, together with the price of any accessories being supplied by Toyota NZ. (The amount we pay to Toyota NZ will also include the Net Trade-in of any trade in vehicle we are purchasing from you and any cash you have put towards the Price). Otherwise, the parts of the Initial unpaid balance shown above are the actual amounts payable to or by us for the items shown, and you authorise us to pay those amounts to us or to the suppliers of those items, as appropriate.

Appears in 6 contracts

Samples: Business Variable Rate Credit Agreement, Business Credit Agreement, Consumer Finance Agreement

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