Wholesale Payment Procedures Sample Clauses
The Wholesale Payment Procedures clause outlines the methods and requirements for making payments between parties in large-scale, bulk transactions. It typically specifies acceptable payment methods, such as wire transfers or electronic funds transfers, and may set deadlines, designate bank accounts, and detail the process for confirming receipt of funds. This clause ensures that both parties understand the timing, process, and expectations for payment, thereby reducing the risk of disputes or delays in wholesale transactions.
Wholesale Payment Procedures. (a) SCUSA agrees to comply with Chrysler’s wholesale payment procedures.
(b) Chrysler will use commercially reasonable efforts to provide SCUSA with reasonable prior notice of any amendments, modifications, or changes to Chrysler’s standard contractual terms and conditions or bulletins for the sale of vehicles to Chrysler Dealers.
(c) Each commitment to pay with respect to Dealer Financing (“Commitment to Pay”) will be governed by Chrysler’s new vehicle financing documentation, which documentation SCUSA agrees will provide for [***]. The terms and conditions of each Commitment to Pay shall survive termination of this Agreement.