PAYMENT FOR LEASED PROPERTY. If Statesman approves the lease of personal property to customers of the Cooperative, a Local Cooperative or a Dealer, it will promptly notify the Cooperative or the Local Cooperative or Dealership which requested such lease, and if it has received a properly completed Lease Agreement appropriately signed by the customer and the Cooperative, the Local Cooperative or the Dealership, as the case may be, it will remit to the Cooperative, or to the Local Cooperative or Dealership which requested such lease the invoice price of the leased equipment.
Appears in 2 contracts
Samples: Revolving Credit Agreement (Southern States Cooperative Inc), Revolving Credit Agreement (Southern States Capital Trust I)
PAYMENT FOR LEASED PROPERTY. If Statesman approves the --------------------------- lease of personal property to customers of the Cooperative, a Local Cooperative or a Dealer, it will promptly notify the Cooperative or the Local Cooperative or Dealership which requested such lease, and if it has received a properly completed Lease Agreement appropriately signed by the customer and the Cooperative, the Local Cooperative or the Dealership, as the case may be, it will remit to the Cooperative, or to the Local Cooperative or Dealership which requested such lease the invoice price of the leased equipment.
Appears in 2 contracts
Samples: Financing Services and Contributed Capital Agreement (Southern States Cooperative Inc), Financing Services and Contributed Capital Agreement (Southern States Capital Trust Ii)
