Common use of Application of Money and Credits Clause in Contracts

Application of Money and Credits. Any money or credits due and payable or becoming due and payable from the Company to Dealer as a result of the business dealings between the parties may, at the Company’s option, be applied in any order the Company may determine for the satisfaction, in full or in part, of any debts, liabilities or obligation due and payable or becoming due and payable or owing from Dealer to the Company, including, but not limited to past due interest due from Dealer to any financing organization for which the Company may be responsible to pay in the future.

Appears in 4 contracts

Samples: Dealer Agreement (Titan Machinery Inc.), Dealer Agreement (Titan Machinery Inc.), Dealer Agreement (Titan Machinery Inc.)

AutoNDA by SimpleDocs
Time is Money Join Law Insider Premium to draft better contracts faster.