Purchase Standard definition
Examples of Purchase Standard in a sentence
Such determination will take into account whether sufficient funds are available in the Supplemental Reserve Account to pay the related Purchase Option Price, and if such funds are not then available in the Supplemental Reserve Account, the Borrower shall make a determination, in accordance with the Purchase Standard, whether to exercise such Purchase Option as soon thereafter as such funds are available in the Supplemental Reserve Account.
Such determination will take into account whether sufficient funds are available in the Supplemental Reserve Account to pay the related Purchase Option Price, and if such funds are not then available in the Supplemental Reserve Account, the Issuer will make a determination, in accordance with the Purchase Standard, whether to exercise such Purchase Option as soon thereafter as such funds are available in the Supplemental Reserve Account.
If Penalty Pricing applies to your account, the balance pertaining to Installment Plan will remain subject to the Purchase Standard APR and the corresponding term of Installment Plan will not change.
Dealer further agrees that the failure of Dealer to achieve the minimum annual Purchase Standard for a Product Line will constitute good cause for termination or non-renewal of that Product Line or of the entire Agreement by Company.
We may end your introductory APR and apply the Purchase Standard APR if you close your account or if you miss a payment.
The following terms as used in these Standard Terms and Conditions of Purchase (Standard Terms) shall have the meanings below: and other land and places made or to be made available to Supplier by IVECO where the Products are to be delivered or where the Services and/or Works are to be performed.