Installment Sale definition
Examples of Installment Sale in a sentence
No Loss will relieve you of any of your obligations under this Installment Sale agreement.
Any Meter Services fees, SLA fees and subscription fees (collectively “PBI Payments”) will be included with your Periodic Payment and begin with the start of the Installment Sale Term.
You agree to pay us for all applicable sales, use, property or other taxes (excluding taxes on net income) related to the Lease, Equipment rental agreement, Installment Sale agreement or Meter Services agreement based on or measured by your payments, the Equipment, Equipment location, Meter and Meter location.
If none of the Equipment on your Order includes installation, the Installment Sale Term commences on the date as of which all of the Equipment has shipped.
To protect the Equipment f rom loss, during the Installment Sale Term you will keep the Equipment insured against Loss for its full replacement value under a comprehensive policy of insurance or other arrangement that is reasonably satisfactory to us .
We may sell or assign all or part of this Installment Sale agreement but it will not affect your rights or obligations.
If you have purchased Equipment under an Installment Sale agreement, you authorize us to f ile a Uniform Commercial Code f inancing statement naming you as debtor with respect to the Equipment in order to protect our interest in the Equipment.
During the Installment Sale Term, (a) you will keep the Equipment f ree f rom liens and in good condition and working order, (b) we may inspect the Equipment and related maintenance records, and (c) you may not move the Equipment f rom the location specified on the Order without our prior written consent.
You, and any guarantor signing the Order or any documents executed in connection with this Installment Sale agreement, agree to furnish us f inancial information upon request.
You must immediately notify us in writing of any Loss during the Installment Sale Term.