Consumer Loan Value Clause Samples

The Consumer Loan Value clause defines how the value of a consumer loan is determined for the purposes of the agreement. Typically, this involves specifying the principal amount outstanding, possibly adjusted for accrued interest, fees, or other charges as outlined in the contract. By clearly establishing the method for calculating the loan's value, this clause ensures transparency and consistency in financial reporting and helps prevent disputes over the amount owed or the basis for repayments.
Consumer Loan Value. Debtor represents to Lender that the following information regarding the Consumer Loan Value is true and correct:
Consumer Loan Value. Debtor represents to Lender that the following information regarding the Consumer Loan Value is true and correct in all material respects (without duplication of any materiality qualifier): A Applicable Advance Rate ____% B Eligible Receivables $ C Consumer Loan Value (Eligible Receivables times the applicable Advance Rate) $ D Minus the total principal amount of Indebtedness $ E Plus the balance of the Collateral Deposit Account (and amounts in transit) $ F Consumer Loan Value Deficiency (if any) $

Related to Consumer Loan Value

  • Consumer Leases No Receivable constitutes a “consumer lease” under either (a) the UCC as in effect in the jurisdiction the law of which governs the Receivable or (b) the Consumer Leasing Act, 15 USC 1667.

  • Consumer Liability Generally. Tell us AT ONCE if you believe your card and/or code has been lost or stolen, or if you believe that an electronic fund transfer has been made without your permission using information from your check. Telephoning is the best way of keeping your possible losses down. You could lose all the money in your account (plus your maximum overdraft line of credit). If you tell us within 2 business days after you learn of the loss or theft of your card and/or code, you can lose no more than $50 if someone used your card and/or code without your permission. If you do NOT tell us within 2 business days after you learn of the loss or theft of your card and/or code, and we can prove we could have stopped someone from using your card and/or code without your permission if you had told us, you could lose as much as $500. Also, if your statement shows transfers that you did not make, including those made by card, code or other means, tell us at once. If you do not tell us within 60 days after the statement was mailed to you, you may not get back any money you lost after the 60 days if we can prove that we could have stopped someone from taking the money if you had told us in time. If a good reason (such as a long trip or a hospital stay) kept you from telling us, we will extend the time periods.

  • Consumer If You are a consumer (defined by the FCA as any natural person acting for purposes outside his trade, business or profession), You must use reasonable care not to make a misrepresentation to insurers (which includes a failure to comply with the insurer’s request to confirm or amend particulars previously given). Failure to comply with this duty may mean that the policy is void and the insurer may not be liable to pay all or some of Your claim(s).

  • Eligible Consumers Residential, commercial, industrial, municipal, or other consumers of electricity who receive Basic Service from the Local Distributor as of the Effective Date, at one or more locations within the geographic boundaries of the Town. This includes (1) Basic Service consumers who have indicated that they do not want their contact information shared with Competitive Suppliers for marketing purposes; and (2) consumers receiving Basic Service plus an optional Green Power product that allows concurrent enrollment in either Basic Service or competitive supply. This excludes (1) Basic Service consumers who have asked their Local Distributor to not enroll them in competitive supply; (2) Basic Service consumers enrolled in a Green Power product that prohibits switching to a Competitive Supplier; and (3) consumers receiving competitive supply service.

  • Australian Consumer Law You have consumer rights conferred by the Australian Consumer Law and neither this clause nor any other provision of the Rental Contract excludes, restricts or modifies any implied terms, guarantees or rights You may have under those laws or any other Federal, State or Territory legislation.