FINANCING
Financing Options
Copyright Armor Horse Manufacturing, LLC, 2008, all rights reserved
PURCHASE OPTIONS AND REQUIREMENTS
ARMORHORSE will assist you in finding the right purchase option to fit your specific requirements. There are 3 methods to purchase your 2009 VAULT XXL:
CASH: Placing an order for your 2009 VAULT XXL using cash or the equivalent transaction that does not use a third party finance institution will require the following:
1) A fully executed and approved ARMORHORSE Purchase Order/Bill of Sale.
2) Twenty Percent (20%) non-refundable deposit in the form of an Official Bank Check (Cashier's Check) or Wire Transfer.
3) The outstanding balance of the 2009 VAULT XXL shall be placed in trust with an escrow agent acceptable to ARMORHORSE and naming ARMORHORSE Manufacturing L.L.C. or its designee as the beneficiary. The escrow account shall be subject to the same payment terms as stated in the STANDBY BANK LETTER OF CREDIT ("LOC").
CONVENTIONAL BANK FINANCING: Placing an order for your 2009 VAULT XXL using conventional bank financing will require the following:
1) A fully executed and approved ARMORHORSE Purchase Order/Bill of Sale.
2) A Twenty Percent (20%) non-refundable deposit in the form of an Official Bank Check (Cashier's Check) or Wire Transfer.
3) A fully executed and approved LOC acceptable to ARMORHORSE and naming ARMORHORSE Manufacturing L.L.C. or its designee as the beneficiary. This LOC is issued to ARMORHORSE Manufacturing L.L.C. from the bank that is financing your 2009 VAULT XXL.
THIRD PARTY LEASING: placing an order for your 2009 VAULT XXL using a third party leasing company will require the same criteria as conventional bank financing however your third party leasing company will provide the following to Armorhorse Manufacturing, L.L.C. and you will execute required lease documents between you and the third party leasing company:
1) A fully executed and approved ARMORHORSE Purchase Order/Bill of Sale.
2) A Twenty Percent (20%) non-refundable deposit in the form of an Official Bank Check (Cashier's Check) or Wire Transfer.
3) A fully executed and approved LOC acceptable to ARMORHORSE and naming ARMORHORSE Manufacturing L.L.C. or its designee as the beneficiary. This LOC is issued to ARMORHORSE Manufacturing L.L.C. from the bank that is financing your 2009 VAULT XXL.
STANDBY/PERFORMANCE LETTERS OF CREDIT: A STANDBY BANK LETTER OF CREDIT (LOC) is a bank's commitment made at the request of its customer that gives a third party the right to draw funds upon the presentation of certain documents in accordance with the terms and conditions stipulated in the Credit. A Standby Letter of Credit protects a third party from loss resulting from the failure of a bank's customer to perform some obligation.
ARMORHORSE Manufacturing L.L.C. cannot advise you regarding any tax consequences or other financial issues. Use of any information from this document or any other documents referred to is for general information only and does not represent tax advice either expressed or implied. You are encouraged to seek professional tax advice for tax questions and assistance.
