Purchase; Payment In Full Clause Samples

The 'Purchase; Payment In Full' clause establishes that the buyer is required to pay the entire purchase price for goods or services at the time of the transaction or by a specified due date. In practice, this means the seller will not deliver the goods or transfer ownership until full payment is received, and partial payments or installment plans are not permitted unless otherwise agreed. This clause ensures the seller receives complete compensation upfront, reducing the risk of non-payment and simplifying the transaction process.
Purchase; Payment In Full. Upon the purchase of any Receivable pursuant to Section 3.02, 3.05 or 4.07 of the Sale and Servicing Agreement or Section 6.02 of the Purchase Agreement, or upon the payment in full of any Receivable, which shall be evidenced by Custodian's receipt of the request for release in the form annexed hereto as Exhibit B, Custodian shall promptly release the related Receivable File to Servicer and the security interest in such Receivable and related Receivable File granted by the Issuing Entity to the Indenture Trustee pursuant to the Indenture shall terminate without any further action by the Custodian, the Originator, the Depositor or the Indenture Trustee.
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Purchase; Payment In Full. Upon the purchase or substitution of any Mortgage Loan pursuant to Section 2.06 or 3.03 of the Pooling and Servicing Agreement or Section 2.06 or 3.03 of the Transfer Agreement, or upon the payment in full of any Mortgage Loan, which shall be evidenced by Custodian's receipt of the request for release in the form annexed hereto as Exhibit B, Custodian shall promptly release the related Mortgage File to Servicer and the interest in such Mortgage Loan and related Mortgage File granted by the Depositors to the Trustee pursuant to the Pooling and Servicing Agreement shall terminate without any further action by the Custodian, the Originators, the Depositors or Trustee.
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Related to Purchase; Payment In Full

  • Release Upon Payment in Full Upon Payment in Full, the Administrative Agent, at the written request and expense of the Borrower, will promptly release, reassign and transfer the Collateral to the Loan Parties.

  • Release on Payment in Full Lender shall, upon the written request and at the expense of Borrower, upon payment in full of all principal and interest due on the Loan and all other amounts due and payable under the Loan Documents in accordance with the terms and provisions of the Note and this Agreement, release the Lien of the Pledge Agreement on the Collateral.

  • Payment in Full Subject to Clause 16.2.3 and except as otherwise provided in this contract, where any amount contained in an invoice in accordance with Schedule 7 is in dispute under Clause 16.2.1: (a) the Train Operator shall pay the full amount of the invoice, including the disputed amount, in accordance with the terms of the invoice; (b) payment of the disputed amount shall be without prejudice to the determination of whether such amount is properly due or not; and (c) Clause 16.3.2 shall apply.

  • Payment in Full at Maturity On the Maturity Date, the entire outstanding principal balance of all Loans, together with accrued but unpaid interest and all other sums owing under this Credit Agreement, shall be due and payable in full, unless accelerated sooner pursuant to Section 10 hereof.

  • Exercise in Full Subject to the provisions hereof, this Warrant may be exercised in full by the Holder hereof by surrender of this Warrant, with the form of subscription at the end hereof duly executed by such ▇▇▇▇▇▇, to the Company at its principal office accompanied by payment, in cash or by certified or official bank check payable to the order of the Company, in the amount obtained by multiplying the number of shares of Common Stock issuable upon exercise of this Warrant by the Purchase Price per share, after giving effect to all adjustments through the date of exercise.