Common use of No Government, Corporate or Fleet Obligor Clause in Contracts

No Government, Corporate or Fleet Obligor. None of the Contracts is due from the United States of America or any State or from any agency, department or instrumentality of the United States of America or any State. All of the Contracts are due from Obligors who are natural persons or, if any Obligor is not a natural person, (a) such entity is an obligor with respect to five or fewer financed vehicles and (b) the related Contract or Contracts have the benefit of the personal guaranty of a natural person or persons. No Contract has been included in a "fleet" sale (i.e., a sale to any single Obligor of more than five Financed Vehicles).

Appears in 2 contracts

Samples: Lending Agreement (Triad Financial Corp), Lending Agreement (Triad Financial Corp)

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No Government, Corporate or Fleet Obligor. None of the Contracts No Contract is due from ----------------------------------------- the United States of America or any State state or from any agency, department or instrumentality of the United States of America or any Statestate. All of the Contracts are due from Obligors who are natural persons or, if any Obligor is not a natural person, (a) such entity is an obligor with respect to five or fewer financed vehicles and (b) the related Contract or Contracts have the benefit of the personal guaranty of a natural person or persons. No Contract has been included in a "fleet" sale (i.e., a sale to any single --- Obligor of more than five Financed Vehicles).

Appears in 2 contracts

Samples: Warehouse and Security Agreement (TFC Enterprises Inc), Purchase Agreement (TFC Enterprises Inc)

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