Examples of used goods in a sentence
For advances for New Goods, your interest rate is equal to the Commercial Base Rate index rate (the “Index”) plus 50 basis points and for advances for Used Goods, your interest rate is equal to the Index plus N/A basis points.
For advances for New Goods, your interest rate is equal to the Commercial Base Rate index rate (the “Index”) plus ***** basis points; and for advances for Used Goods, your interest rate is equal to the N/A index rate (the “Index”) N/A basis points.
Contract shall mean a binding contract between International and an Obligor including any and all instruments, agreements, invoices or other writings which gives rise to or evidences indebtedness for the purchase of one or more New International Trucks or Used Goods or related services from International (but excluding (i) any dealer note or other "floorplan" financing and (ii) any retail installment sale contract, retail note, lease, or other secured, intermediate term indebtedness).
On each Business Day ITEC agrees to offer to sell to NFC, to endorse or otherwise assign to NFC, without recourse, except as provided herein, and to deliver to NFC all Retail Contracts, Leases and Wholesale Contracts acquired in the regular course of ITEC’s business on terms which will afford reasonable compensation for the financing services rendered by NFC to ITEC and Dealers in respect of the sale of New International Products, New Goods or Used Goods.
As to a terminated Dealer’s Used Goods NFC will accept responsibility for all losses incurred in liquidating such Used Goods unless the related Dealer obtained any of such Used Goods from the Used Truck Organization under terms where ITEC assumes certain liabilities to NFC, in which case ITEC shall honor those obligations.