Common use of SIGNER OBLIGATIONS Clause in Contracts

SIGNER OBLIGATIONS. Any co-signer who signs this contract agrees to pay any amounts due under the contract if the buyer(s) does not pay such amounts. You do not have to exhaust your legal remedies against any buyer before seeking payment from the co-signer. APPLICABLE LAW: Federal and Texas law apply to this contract. STARTER INTERRUPT/GPS TRACKING: [ ] If the box is checked, my motor vehicle is equipped with a starter interrupt GPS tracking device (“Device”). By signing this contract, I agree that you may install the “Device” in my motor vehicle. I understand and agree that you may use this Device to locate my motor vehicle in the event that I do not make my payments on the dates they are due as shown in the TILA Disclosures. I understand and agree that you will disable the motor vehicle in the event that I do not make my payments on the dates they are due as shown in the TILA Disclosures, subject to any rights that I may have to cure my default. I agree that I will not tamper with, disable or attempt to disable the Device. The Device is and remains your property. I agree to return the motor vehicle to you after I have made all payments due under this contract so that you can remove the Device at no cost to me. Additional terms and disclosures regarding the installation and use of the Device are provided to me separately.

SIGNER OBLIGATIONS. Any co-signer who signs this contract agrees to pay any amounts due under the contract if the buyer(s) does not pay such amounts. You do not have to exhaust your legal remedies against any buyer before seeking payment from the co-signer. APPLICABLE LAW: Federal and Texas South Carolina law apply to this contract. STARTER INTERRUPT/GPS TRACKING: [ ] If the box is checked, my motor vehicle is equipped with a starter interrupt GPS tracking device (“Device”). By signing this contract, I agree that you may install the “Device” in my motor vehicle. I understand and agree that you may use this Device to locate my motor vehicle in the event that I do not make my payments on the dates they are due as shown in the TILA Disclosures. I understand and agree that you will disable the motor vehicle in the event that I do not make my payments on the dates they are due as shown in the TILA Disclosures, subject to any rights that I may have to cure my default. I agree that I will not tamper with, disable or attempt to disable the Device. The Device is and remains your property. I agree to return the motor vehicle to you after I have made all payments due under this contract so that you can remove the Device at no cost to me. Additional terms and disclosures regarding the installation and use of the Device are provided to me separately.