PAYMENTS FROM BUYER Clause Samples

The "Payments from Buyer" clause defines the obligations of the buyer to make payments to the seller under the terms of the agreement. It typically outlines when payments are due, acceptable methods of payment, and any conditions or documentation required for payment processing. For example, it may specify that payment must be made within 30 days of receiving an invoice or upon delivery of goods. This clause ensures that both parties have a clear understanding of payment expectations, reducing the risk of disputes and facilitating smooth financial transactions.
PAYMENTS FROM BUYER. Dealer shall instruct the Buyer to remit all payments due under a Purchased Contract to Avid or its designee, without set-off, claim or deduction. If Dealer receives any payment from any Buyer pursuant to a Purchased Contract or Ancillary Product assigned to Avid which should have been paid to Avid, Dealer shall immediately remit such payment to Avid, and in no event later than the close of the following business day.
View SourceView Similar (2)
PAYMENTS FROM BUYER. Should any payment be made to Dealer under a Contract sold to SCUSA, Dealer shall receive such payment in trust and shall remit it to SCUSA immediately in the form received for credit to such Contract.
View SourceView Similar (2)
PAYMENTS FROM BUYER. After purchase of a Contract by NationsCredit, Dealer shall forward to NationsCredit any payments on the Contract received by Dealer. In the event such payment is made by check or other instrument payable to Dealer, Dealer shall endorse such check or other instrument to NationsCredit. Dealer shall not make any payment in respect of any Contract on behalf of any Buyer without the prior written consent of NationsCredit.
View SourceView Similar (2)
PAYMENTS FROM BUYER. Should any payment be made to Dealer under a Contract sold to MBG, Dealer shall receive such payment in trust and shall remit it to MBG immediately in the form received for credit to such Contract.
View Source
PAYMENTS FROM BUYER. (S). Should any payment be made to Dealer under a Contract sold to MDA, Dealer shall receive such payment in trust and shall remit same to MDA promptly in the form received for credit to such Contract.
View Source
PAYMENTS FROM BUYER. If Dealer receives any payment under an Assigned Contract, Dealer shall receive such payment in trust and shall remit it to CustomFin Auto immediately in the form received for credit to such Assigned Contract. CustomFin Auto shall have the sole right to make collections on all Assigned Contracts, and Dealer shall not solicit or make any collections or repossessions with respect to any Assigned Contract, nor accept the return of, nor make any substitution of, any of the Assigned Vehicles purchased pursuant to an Assigned Contract. Additionally, Dealer shall hold in trust and promptly forward to CustomFin Auto all communications received in reference to any Assigned Contracts.
View Source
PAYMENTS FROM BUYER. Should any payment be made to Dealer under a Contract sold to ABT Keystone, Dealer shall receive such payment in trust and shall remit it to ABT Keystone immediately in the form received for credit to such Contract. ABT Keystone shall have the sole right to make collections on all Contracts or collect all payments due on all Loans and Dealer shall not solicit or make any collections or repossessions with respect to any Contract sold to ABT Keystone or any Loans made by ABT Keystone, as applicable, nor accept the return of, nor make any substitution of, any of the subject matter of such Contracts or Vehicle purchased pursuant to such Loans. Dealer shall hold in trust and promptly forward to ABT Keystone all communications and remittances received in reference to said Contract or Loans, as applicable.
View Source

Related to PAYMENTS FROM BUYER

  • Payments from the Gross Settlement Amount Within 14 days after Defendant funds the Gross Settlement Amount, the Administrator will mail checks for all Individual Class Payments, all Individual PAGA Payments, the LWDA PAGA Payment, the Administration Expenses Payment, the Class Counsel Fees Payment, the Class Counsel Litigation Expenses Payment, and the Class Representative Service Payment. Disbursement of the Class Counsel Fees Payment, the Class Counsel Litigation Expenses Payment and the Class Representative Service Payment shall not precede disbursement of Individual Class Payments and Individual PAGA Payments. 4.4.1. The Administrator will issue checks for the Individual Class Payments and/or Individual PAGA Payments and send them to the Class Members via First Class U.S. Mail, postage prepaid. The face of each check shall prominently state the date (not less than 120 days after the date of mailing) when the check will be voided. The Administrator will cancel all checks not cashed by the void date. The Administrator will send checks for Individual Settlement Payments to all Participating Class Members (including those for whom Class Notice was returned undelivered). The Administrator will send checks for Individual PAGA Payments to all Aggrieved Employees including Non-Participating Class Members who qualify as Aggrieved Employees (including those for whom Class Notice was returned undelivered). The Administrator may send Participating Class Members a single check combining the Individual Class Payment and the Individual PAGA Payment. Before mailing any checks, the Settlement Administrator must update the recipients’ mailing addresses using the National Change of Address Database. 4.4.2. The Administrator must conduct a Class Member Address Search for all other Class Members whose checks are retuned undelivered without USPS forwarding address. Within 7 days of receiving a returned check the Administrator must re-mail checks to the USPS forwarding address provided or to an address ascertained through the Class Member Address Search. The Administrator need not take further steps to deliver checks to Class Members whose re-mailed checks are returned as undelivered. The Administrator shall promptly send a replacement check to any Class Member whose original check was lost or misplaced, requested by the Class Member prior to the void date. 4.4.3. For any Class Member whose Individual Class Payment check or Individual PAGA Payment check is uncashed and cancelled after the void date, the Administrator shall transmit the funds represented by such checks to the California Controller's Unclaimed Property Fund in the name of the Class Member thereby leaving no "unpaid residue" subject to the requirements of California Code of Civil Procedure Section 384, subd. (b). The Parties, Class Counsel and Defense Counsel represent that they have no interest or relationship, financial or otherwise, with the intended Cy Pres Recipient. 4.4.4. The payment of Individual Class Payments and Individual PAGA Payments shall not obligate Defendant to confer any additional benefits or make any additional payments to Class Members (such as 401(k) contributions or bonuses) beyond those specified in this Agreement. However, failure by a Participating Class Member and/or Aggrieved Employee to cash a check received in relation to this Agreement and/or Settlement does not result in him/her not being bound by and/or subject to this Agreement and/or Settlement. Rather, a Participating Class Member and/or Aggrieved Employee will be bound by and/or subject to this Agreement and/or Settlement regardless of whether he/she cashes any check(s) received in relation to same.

  • Rollovers of Settlement Payments From Bankrupt Airlines If you are a qualified airline employee who has received a qualified airline settlement payment from a commercial airline carrier under the approval of an order of a federal bankruptcy court in a case filed after September 11, 2001, and before January 1, 2007, you are allowed to roll over any portion of the proceeds into your ▇▇▇▇ ▇▇▇ within 180 days after receipt of such amount, or by a later date if extended by federal law. For further detailed information and effective dates you may obtain IRS Publication 590-A, Contributions to Individual Retirement Arrangements (IRAs), from the IRS or refer to the IRS website at ▇▇▇.▇▇▇.▇▇▇.

  • Payments from Available Funds Only All payments to be made by the Borrower under this Agreement shall be made only from the amounts that constitute Scheduled Payments, Special Payments and other payments under the Operative Agreements, including payment under Section 4.02 of the Participation Agreements and payments under Section 2.14 of the Indentures, and only to the extent that the Borrower shall have sufficient income or proceeds therefrom to enable the Borrower to make payments in accordance with the terms hereof after giving effect to the priority of payments provisions set forth in the Intercreditor Agreement. The Liquidity Provider agrees that it will look solely to such amounts to the extent available for distribution to it as provided in the Intercreditor Agreement and this Agreement and that the Borrower, in its individual capacity, is not personally liable to it for any amounts payable or liability under this Agreement except as expressly provided in this Agreement, the Intercreditor Agreement or any Participation Agreement. Amounts on deposit in the Class A Cash Collateral Account shall be available to the Borrower to make payments under this Agreement only to the extent and for the purposes expressly contemplated in Section 3.05(f) of the Intercreditor Agreement.

  • Mortgage Payments Received After Transfer Date The amount of any related Monthly Payments received by the Seller after the related Transfer Date shall be forwarded to the Purchaser by overnight mail within one (1) Business Day following the date of receipt. The Seller shall notify the Purchaser of the particulars of the payment, which notification requirement shall be satisfied if the Seller forwards with its payment sufficient information to permit appropriate processing of the payment by the Purchaser. The Seller shall assume full responsibility for the necessary and appropriate legal application of such Monthly Payments received by the Seller after the related Transfer Date with respect to related Mortgage Loans then in foreclosure or bankruptcy; provided, for purposes of this Agreement, necessary and appropriate legal application of such Monthly Payments shall include, but not be limited to, endorsement of a Monthly Payment to the Purchaser with the particulars of the payment such as the account number, dollar amount, date received and any special Mortgagor application instructions and the Seller shall comply with the foregoing requirements with respect to all Monthly Payments received by it after the related Transfer Date.

  • Payments Due on Non-Business Days Anything in this Agreement or the Notes to the contrary notwithstanding, any payment of principal of or Make-Whole Amount or interest on any Note that is due on a date other than a Business Day shall be made on the next succeeding Business Day without including the additional days elapsed in the computation of the interest payable on such next succeeding Business Day.