Installment Sales Contract definition
Installment Sales Contract means, with respect to any applicable Receivable, the related fixed rate retail installment sale contract for the purchase of machinery or equipment.
Installment Sales Contract or "contract" means any
Installment Sales Contract or "contract" means any contract or agreement, including a contract for deed, bond for deed, or any other sale or legal device whereby a seller agrees to sell and the buyer agrees to buy a residential real estate, in which the consideration for the sale is payable in installments for a period of at least one year after the date of sale, and the seller continues to have an interest or security for the purchase price or otherwise in the property.
Examples of Installment Sales Contract in a sentence
Each Receivable related to an Installment Sales Contract is, as of the Closing Date, accruing interest.
Typically, the dealer assigns the Motor Vehicle Installment Sales Contract to a finance company and then places a secured interest on the vehicle’s title to secure payment.
The Cooperative is authorized to cancel the endorsement on each Installment Sales Contract which Statesman does not purchase.
Nothing contained herein shall obligate Statesman to purchase any Installment Sales Contract other than those Installment Sales Contracts which have been approved in advance by Statesman as evidenced by a Statesman Approval Number (which contracts are herein referred to as "Approved Contracts").
No consent or approval of stockholders or of any public authority is required as a condition to the validity of this Agreement or the sale of any Receivable, Installment Sales Contract, Wholesale Account or Crop Time Note.
More Definitions of Installment Sales Contract
Installment Sales Contract means Financing Contract. Loan means Financing Contract.
Installment Sales Contract means a retail installment contract or other contract or agreement (including promissory notes, Mortgage Loans, or deeds of trust) originated or acquired by Parent or one of its Subsidiaries with various retail purchasers regarding either (a) (i) the sale of manufactured housing or mobile homes and the financing of such sale; (ii) the financing of any previously owned manufactured housing or mobile homes, (iii) the financing of any real estate relating to manufactured housing or mobile homes, or (iv) the refinancing of any such financing, together with all promissory notes, mortgages, agreements for deed and other writings related thereto, or (b) the grant of a security interest in such manufactured housing or mobile home or real property to secure such financing or refinancing.
Installment Sales Contract means a written agreement providing for -------------------------- the deferred payment of the purchase price of goods sold in the ordinary course of business.
Installment Sales Contract or "contract" means any contract or agreement, including a contract for deed, bond for deed, or any other sale or legal device whereby a seller agrees to sell and the buyer agrees to buy a residential real estate, in which the consideration for the sale is payable in installments for a period of at least one year after the date of sale, and the seller continues to have an interest or security for the purchase price or otherwise in the property. "Installment sales contract" does not include a financing arrangement that for religious or cultural reasons does not allow the imposition or collection of interest and that is offered by a person, partnership, association, limited liability company, or corporation doing business under and as permitted by any law of this State or the United States relating to banks, savings and loan associations, savings banks, or credit unions, or third-party religious or cultural lenders.
Installment Sales Contract means an agreement made by the record Owner of any Lot to sell such Lot to one or more purchasers by means of which a series of installment payments are made by such purchaser, followed by delivery of a deed to such Lot, to such purchaser, only after all such installment payments have been made.
Installment Sales Contract means a retail installment contract or other contract or agreement (including promissory notes or deeds of trust) originated or acquired by Parent or one of its Subsidiaries with various retail purchasers regarding either (a) (i) the sale of manufactured housing or mobile homes and the financing of such sale; (ii) the financing of any previously owned manufactured housing or mobile homes, (iii) the financing of any real estate relating to manufactured housing or mobile homes, or (iv) the refinancing of any such financing, together with all promissory notes, mortgages, agreements for deed and other writings related thereto, or (b) the grant of a security interest in such manufactured housing or mobile home or real property to secure such financing or refinancing.
Installment Sales Contract means any and all chattel paper evidencing the obligations of an Account Debtor or other obligor to Borrower arising out of the sale of Inventory on an installment basis; provided, that, if the period of all such installments is ninety (90) days or less from the date of delivery of such goods to such Account Debtor, then such obligations shall be deemed Accounts.