Installment Purchase Contract definition

Installment Purchase Contract means a contract which is utilized to procure supplies or equipment from a contractor where payment for the supplies or equipment is made in a set of installment payments over a fixed period of time in accordance with the provisions of the contract, and in which the contractor agrees to deliver title of the property to the governmental body in accordance with the terms and conditions of the contract.

Installment Purchase Contract means a contract which is utilized

Installment Purchase Contract means the Installment Purchase Contract dated March 1, 2014, between the Authority and the City, as originally executed and as it may from time to time be amended or supplemented pursuant to the provisions hereof and thereof.

Examples of Installment Purchase Contract in a sentence

• The funds and accounts and flow of funds set forth in this Article III are hereby established and shall control to the extent inconsistent with any other terms of this Installment Purchase Contract.

• All references herein to “Articles,” “Sections” and other subdivisions or clauses are to the corresponding articles, sections, subdivisions or clauses hereof; and the words “hereby,” “herein,” “hereof,” “hereto,” “herewith,” “hereunder” and other words of similar import refer to this Installment Purchase Contract as a whole and not to any particular article, section, subdivision or clause hereof.

• Amounts on deposit in any fund or account created pursuant to this Installment Purchase Contract shall be invested in Permitted Investments which will, as nearly as practicable, mature on or before the dates when such money is anticipated to be needed for disbursement hereunder.

• This Installment Purchase Contract shall be construed and governed in accordance with the laws of the State of California.

• This Installment Purchase Contract may be executed in several counterparts, each of which shall be deemed an original, and all of which shall constitute but one and the same instrument.

• Under terms of the Installment Purchase Contract associated with the Bonds, the District makes semiannual installment purchase payments that are equal in amount and timing to the principal and interest payments that are paid on a semiannual basis by the Agency to the holders of the Bonds.

• The Municipal Finance Corporation assigned all of its rights, title and interest in the Installment Purchase Contract dated April 1, 2007, to Citizens Bank.

• Installment Contract shall mean that certain Installment Purchase Contract (Flood Mitigation) of even date herewith executed by and among Company, PRF, and the City.

• The rate covenants of the Installment Purchase Contract require that net revenues of the District for each fiscal year be equal to at least 125% of the annual debt service payments required for that fiscal year.

• The District will not suffer or permit any material default by it to occur under this Installment Purchase Contract, but will faithfully comply with, keep, observe and perform all the agreements, conditions, covenants and terms hereof required to be complied with, kept, observed and performed by it.

More Definitions of Installment Purchase Contract

Installment Purchase Contract means that certain Installment Purchase Contract by and between the District and the Corporation, dated as of October 1, 2022 as originally executed and as it may from time to time be amended or supplemented in accordance herewith and therewith. [“Insured Obligations” means the Certificates insured by the Policy. (This definition is used in the provisions hereof regarding certain provisions of the Policy and the Insurer; however, for avoidance of doubt, all of the Insured Obligations issued pursuant to this Trust Agreement and Outstanding hereunder are insured by the Policy).

Installment Purchase Contract means that certain 2010 Installment Purchase Contract executed and entered into as of 1, 2010, by and between the District and the Corporation.

Installment Purchase Contract. The term ―Installment Purchase Contract‖ means the Installment Purchase Contract, dated as of October 1, 2010, by and between the City and the Authority, as originally entered into or as it may from time to time be amended or supplemented in accordance with its terms.

Installment Purchase Contract has the meaning set forth in the recitals hereof.

Installment Purchase Contract means that certain Installment Purchase Contract by and between the District and the Corporation, dated as of July 1, 2019 as originally executed