Installment Sales Sample Clauses

Installment Sales. AmeriFirst may purchase Installment Sale Contracts from Merchant. Neither this Agreement nor any past conduct between Merchant and AmeriFirst will at any time obligate AmeriFirst to purchase any Contract from Merchant. When Merchant wants AmeriFirst to purchase a Contract, Merchant will contact AmeriFirst and provide AmeriFirst with the information that AmeriFirst determines it needs in order to decide whether the Buyer meets AmeriFirst's standards of creditworthiness. In the event that AmeriFirst determines it will purchase the Contract, it will communicate that decision to Merchant either orally or in writing. AmeriFirst reserves the right to cancel or modify the terms and conditions of its Contract purchase approval at any time prior to the time the Contract is purchased. Any cancellation or modification of the terms and conditions of Contract purchase approval shall be promptly communicated by AmeriFirst to Merchant either orally or in writing
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Installment Sales. The Company will not be required to include any items of income in taxable income for any taxable period (or portion thereof) ending after the Closing Date as a result of any installment sale or open transaction disposition made on or prior to the Closing Date.
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Installment Sales. AmeriFirst may purchase Installment
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Installment Sales. The cash portion of the sale price of the Project or any part thereof, together with all installments and payments of cash (including interest) of or against any deferred portion of such purchase price, shall be distributed in accordance with the levels provided above, with each person or entity entitled to payment under a level receiving the entire amount of such cash until the sum payable under such level shall have been discharged in cash.
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Installment Sales. If any assets are sold in transactions in which, by reason of Section 453 of the Code, gain is realized but not recognized, such gain shall be taken into account when realized in computing gain or loss of the Company for purposes of allocation of Net Profit or Net Loss under this Article 5 and, if such sales shall involve substantially all the assets of the Company, the Company shall be deemed to have been dissolved and terminated notwithstanding any election by the Members to continue the Company for purposes of collecting the proceeds of such sales.
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Installment Sales. In connection with any transaction which, under the Code, the Joint Venture elects to treat as an installment sale, Gain or Loss shall be allocated under the above provisions of this Section as though the full amount of the deferred obligation had been received at the time of Sale, and, in any fiscal year in which a portion of the Gain or Loss is required to be recognized for federal income tax purposes, the portion to be recognized by the Joint Venture for such fiscal year shall be allocated among the Partners, as nearly as possible, in the proportions in which Net Cash Flow resulting from such Sale has been distributed or is distributable to the Partners for such fiscal year, until such time as the full amount of the Gain or Loss required to be allocated to a Partner has been so allocated. Anything herein to the contrary notwithstanding, the amount of interest income included in the income of the Joint Venture for federal income tax purposes by reason of the collection of interest on any deferred obligation resulting from a Sale shall be specially allocated to the Partners to whom and in such amount as such interest is distributable pursuant to Section 6.3.
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Installment Sales. In connection with any Sale transaction whereby Net Cash Flow is received in installments, principal payments received with respect to the installment obligation shall be allocated among the Partners in the priority indicated in (and subject to the provisions of) Section 6.1 as of the date of such Sale, and interest payments received by the Joint Venture with respect to such deferred obligation shall be distributed among the Partners in the same proportion in which each is entitled to share in the principal portion of the deferred obligation.
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Installment Sales. In November 1997, Fluid sold an Akelx xxxxx xx Ananx Xxxx Xxxvice in Madras, India under an installment sales contract ("Anand Installment Sales Contract"). Monthly payments in the approximate amount of $9677 per month are due through December 1, 1998 to Fluid under the agreement. In consideration of the agreement by Robexx Xxxxxxx, Xxchxxx Xxxxxxx xxx Robexx Xxxxxxx, Xx., to enter into consulting agreements with Buyer, as more particularly set forth in paragraph 2.7.7 herein, Buyer will assign and transfer to Seller at the closing all of Fluid's right, title and interest in the Anand Installment Sales Contract. The installment sales contract of Fluid with Louma L.A. shall remain the property of Fluid.
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Installment Sales. If the Company sells any asset for an installment obligation (other than a de minimis obligation) and the Management Committee -- ------- determines to retain and collect the obligation in the Company, the Company shall account for obligations as if it distributed out the present value of the obligation as determined by the Management Committee. Any interest on such obligation shall be allocated to the Members in accordance with their share received in the deemed distribution.
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Related to Installment Sales

  • Installment Payments For purposes of Code Section 409A, Employee’s right to receive any installment payments pursuant to this Agreement shall be treated as a right to receive a series of separate and distinct payments. Whenever a payment under this Agreement specifies a payment period with reference to a number of days, the actual date of payment within the specified period shall be within the sole discretion of the Company.

  • Treatment of Installment Payments Each payment of termination benefits under this Agreement shall be considered a separate payment, as described in Treas. Reg. Section 1.409A‑2(b)(2), for purposes of Section 409A of the Code.

  • Annual Payment During each calendar year, an employee may choose to receive payment for up to twenty (20) hours of accrued vacation leave or compensatory time. Request for payment may be made in November or December of each year. Such payment shall be made during the month of November or December and will be granted only if the employee has taken at least forty (40) hours of vacation/compensatory time during the calendar year. Such payment shall be at the base hourly rate only, no add-ons.

  • Treatment of Each Installment as a Separate Payment For purposes of applying the provisions of Section 409A to this Agreement, each separately identified amount to which the Executive is entitled under this Agreement shall be treated as a separate payment. In addition, to the extent permissible under Section 409A, any series of installment payments under this Agreement shall be treated as a right to a series of separate payments.

  • Initial Payment Interconnection Customer shall elect (and provide its election to the Transmission Provider within five days of the commencement of negotiation of the GIA pursuant to Section 11.2 of the GIP) to make either 1) an initial payment equal to twenty

  • Purchase Price Payment The total Purchase Price for the Property is the amount of the successful bid for the parcel at public auction.

  • Payment Due Payment for services provided by BellSouth, including disputed charges, is due on or before the next xxxx date. Information required to apply payments must accompany the payment. The information must notify BellSouth of Billing Account Numbers (BAN) paid; invoices paid and the amount to be applied to each BAN and invoice (Remittance Information). Payment is considered to have been made when the payment and Remittance Information are received by BellSouth. If the Remittance Information is not received with payment, BellSouth will be unable to apply amounts paid to Freedom’s accounts. In such event, BellSouth shall hold such funds until the Remittance Information is received. If BellSouth does not receive the Remittance Information by the payment due date for any account(s), late payment charges shall apply.

  • Purchase Price Payments (a) On each Payment Date, on the terms and subject to the conditions of this Agreement, the Initial Purchaser shall pay to KBK the Purchase Price for the Receivables and Related Assets to be purchased on such day by (i) making a cash payment to or at the direction of KBK to the extent that the Initial Purchaser has cash available to make such payment pursuant to SECTION 3.3, and (ii) automatically increasing the principal amount outstanding under the Purchaser Note issued to KBK by the amount of the excess, if any, of the Purchase Price to be paid to KBK for such Receivables and Related Assets OVER the amount of any payment made on such day pursuant to CLAUSE (I) next above. (b) On each Payment Date, the Initial Purchaser shall reduce the Purchase Price payable to KBK for the Receivables and Related Assets that the Initial Purchaser is to purchase on such day by an amount (the "PURCHASE PRICE ADJUSTMENTS") equal to the difference between (i) the sum of (A) the Dilution Adjustment (as defined in SECTION 3.5(B)), if any, for the immediately preceding Business Day, PLUS (B) the Noncomplying Receivables Adjustment (as defined in SECTION 3.5(A)), if any, for the immediately preceding Business Day, MINUS (ii) the amount of any payments that the Initial Purchaser shall have received on the immediately preceding Business Day on account of Collections due with respect to Noncomplying Receivables that have been included in an Purchase Price Adjustment previously deducted or paid in accordance with this SECTION 3.1. (c) If the Purchase Price Adjustments on any Payment Date exceed the Purchase Price payable by the Initial Purchaser to KBK on such day, then the principal amount of the Purchaser Note shall be automatically reduced by the amount of such excess; PROVIDED, that if the Purchaser Note has been reduced to zero, then KBK shall pay to the Initial Purchaser in cash the amount of such Purchase Price Adjustments on the next succeeding Business Day; and PROVIDED FURTHER, HOWEVER, that at any time (y) when a Liquidation Event or Unmatured Liquidation Event exists or (z) on or after the Purchase Termination Date, the amount of any such credit shall be paid by KBK to the Initial Purchaser by deposit in immediately available funds into the Collection Account for application by Servicer to the same extent as if Collections of the applicable Receivable in such amount had actually been received on such date.

  • Annual Payments The Settling Distributors shall make eighteen (18) Annual Payments, each comprised of base and incentive payments as provided in this Section IV, as well as fifty percent (50%) of the amount of any Settlement Fund Administrator costs and fees that exceed the available interest accrued in the Settlement Fund as provided in Section V.C.5, and as determined by the Settlement Fund Administrator as set forth in this Agreement. 1. All data relevant to the determination of the Annual Payment and allocations to Settling States and their Participating Subdivisions listed on Exhibit G shall be submitted to the Settlement Fund Administrator no later than sixty (60) calendar days prior to the Payment Date for each Annual Payment. The Settlement Fund Administrator shall then determine the Annual Payment, the amount to be paid to each Settling State and its Participating Subdivisions included on Exhibit G, and the amount of any Settlement Fund Administrator costs and fees, all consistent with the provisions in Exhibit L, by: a. determining, for each Settling State, the amount of base and incentive payments to which the State is entitled by applying the criteria under Section IV.D, Section IV.

  • Additional Payment In addition to any Spousal Support, in the event of Divorce: (check one)

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