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.
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Installment Purchase Contract means a contract which is utilized
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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.
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Examples of Installment Purchase Contract in a sentence

  • 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.

  • 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 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.

  • The District will pay and discharge any and all lawful claims for labor, materials or supplies which, if unpaid, might become a lien on the Net Revenues or any part thereof or on any funds in the control of the District prior or superior to the lien of the Installment Payments or which might impair the security of the Installment Purchase Contract; provided the District shall not be obligated to make such payment so long as the District contests such payment in good faith.

  • 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.

  • 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.

  • To the fullest extent permitted by law, the District hereby waives its right to trial by jury in any action, proceeding and/or hearing on any matter whatsoever arising out of, or in any way connected with, the Installment Payments, this Installment Purchase Contract or any documents relating to the Installment Payments or this Installment Purchase Contract, or the enforcement of any remedy under any law, statute, or regulation.

  • In the event of a deposit pursuant to this Section 6.03, and provided that all other amounts payable by the District hereunder have been paid in full, all obligations of the District under this Installment Purchase Contract shall cease and terminate, excepting only the obligation of the District to make, or cause to be made, all Installment Payments from the deposit made by District pursuant to this Section 6.03 and the obligation to pay amounts due the Lender.

  • The District may at any time amend or modify the definition of Project as set forth in this Installment Purchase Contract to provide for the designation of an Alternate Project as provided for in Section 2.01 hereof with the consent of the Lender, which shall not be unreasonably withheld.


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

  • Installment sale contract or "contract" means an agreement for the retail sale of a motor vehicle, or that has a similar purpose or effect, under which part or all of the price is payable in 2 or more scheduled payments subsequent to the making of the agreement or under which the obligor undertakes to make 2 or more scheduled payments or deposits that can be used to pay part or all of the purchase price, whether or not the seller has retained a security interest in the motor vehicle or has taken collateral security for the buyer's obligation, and any extension, deferment, renewal, or other revision of that agreement. The terms include a loan, mortgage, conditional sale contract, purchase-money chattel mortgage, hire-purchase agreement, or

  • Installment buyer or "buyer" means a person that buys, hires, or leases a motor vehicle for personal, family, or household use, and not for commercial, business, or agricultural use, under an installment sale contract or a legal successor in interest to that person.

  • Purchase Contract means, with respect to any Unit, the contract forming a part of such Unit and obligating the Company to (i) sell, and the Holder of such Unit to purchase, shares of Common Stock and (ii) pay the Holder thereof Contract Adjustment Payments, in each case on the terms and subject to the conditions set forth in Article 5 hereof.

  • Installment seller or "seller" means a person engaged in the business of selling, offering for sale, hiring, or leasing motor vehicles under installment sale contracts or a legal successor in interest to that person. As used in this subdivision, "business" does not include an isolated sale.

  • Warrant Purchase Price shall have the meaning ascribed to such term in Section 2.1(b).

  • Installment Payment has the meaning ascribed to it in Section 2.02(a).

  • Final Purchase Price has the meaning set forth in Section 2.02.

  • Installment Payment Date means the date on which an installment payment of an assessment is payable.

  • Subsequent Purchaser Any Person that acquires an interest in a Mortgage Loan from Purchaser.

  • Installment Payments shall have the meaning set forth in Section 5(b)(ii).

  • Retail installment contract means that term as defined in section 2 of the retail installment sales act, MCL 445.852.

  • Retail installment transaction means retail installment transaction as defined in section 2 of the retail installment sales act, Act No. 224 of the Public Acts of 1966, being section 445.852 of the Michigan Compiled Laws.

  • Installment Date as defined in Section 2.12.