Product Advances. (A) Subject to the terms and conditions of this Agreement, IBM Credit shall make Product Advances in connection with Customer's purchase of Products from Authorized Suppliers. Customer hereby authorizes and directs IBM Credit to pay the proceeds of Product Advances directly to the applicable Authorized Supplier in respect of invoices delivered to IBM Credit for such Products by such Authorized Supplier and acknowledges that each such Product Advance constitutes a loan by IBM Credit to Customer pursuant to this Agreement as if the Customer received the proceeds of the Product Advance directly from IBM Credit.
Appears in 4 contracts
Samples: Financing Agreement (Syscomm International Corp), Financing Agreement (Syscomm International Corp), Financing Agreement (Western Micro Technology Inc)
Product Advances. (A) Subject to the terms and conditions of this Agreement, IBM Credit shall make Product Advances in connection with Customer's purchase of Products from Authorized SuppliersSuppliers (as defined under WITNESSETH). Customer hereby authorizes and directs IBM Credit to pay the proceeds of Product Advances directly to the applicable Authorized Supplier in respect of invoices delivered to IBM Credit for such Products by such Authorized Supplier and acknowledges that each such Product Advance constitutes a loan by IBM Credit to Customer pursuant to this Agreement as if the Customer received the proceeds of the Product Advance directly from IBM Credit.
Appears in 3 contracts
Samples: Capital Financing Agreement (Litronic Inc), Financing Agreement (Litronic Inc), Financing Agreement (Litronic Inc)
Product Advances. (A) Subject to the terms and conditions of this Agreement, IBM Credit shall make Product Advances in connection with Customer's Customers' purchase of Products from Authorized SuppliersSuppliers (as defined under WITNESSETH). Customer Customers hereby authorizes authorize and directs direct IBM Credit to pay the proceeds of Product Advances directly to the applicable Authorized Supplier in respect of invoices delivered to IBM Credit for such Products by such Authorized Supplier and acknowledges acknowledge that each such Product Advance constitutes a loan by IBM Credit to Customer Customers pursuant to this Agreement as if the Customer Customers received the proceeds of the Product Advance directly from IBM Credit.from
Appears in 1 contract
Samples: Financing Agreement (Savoir Technology Group Inc/De)
