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In Steve's case, a line on Page 66 of the prospectus says, "We may apply certain limitations, restrictions, and/or underwriting standards as a condition of our issuance of an Annuity and/or acceptance of Purchase Payments".
But house purchase payments using Chaps were not among them, so home buyers and sellers were forced to wait until the afternoon for the computers to be up and running again for their purchases or sales to go through.
He said purchase payments are becoming easier with more people holding credit cards, and banks are now allowing online money transfers.
During the accumulation phase, the investor makes purchase payments, which can be allocated to a number of investment options.
At the beginning of the payout phase, the investor may receive the purchase payments plus investment income and gains (if any) as a lump-sum payment, or may choose to receive them as a stream of payments over time.
The bank works to alleviate the tenants' and home owners' financial burden by providing funds to refurbish their units, through funding "advances" or full purchase payments for small units.
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Spyker, which has faced questions about whether it has the financing to absorb Saab, said late Monday that it had obtained a loan for $25 million to make a further purchase payment to G.M.
EC generated a high level of interest because of its ability to expedite the purchase ordering process, simplify purchase payment, expand supplier bases, reduce paperwork, and eliminate order errors.
Postpone the initial business purchase payment for as long as possible.
Former managers Rowan Alexander and Davie Irons also have claims for cash sums, of £800,000 and £100,000, while the club have hire-purchase payments outstanding on cars and also owe money to Motherwell, whose Fir Park home they are sharing this season.
After purchasing payments software developer Global Bay, the payments company is acquiring European e-payments giant Point for $820 million.
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