Consumer obligor definition

Consumer obligor means an obligor who is an individual and who incurred the obligation as part of a transaction entered into primarily for personal, family, or household purposes.

Consumer obligor means an obligor who is an individual and who incurred the

Consumer obligor means an obligor who is an

Examples of Consumer obligor in a sentence

• The Customer Contract provides that, upon the sale of the residence connected to the related PV System and/or XXXX System, as applicable, the Consumer Obligor of such Customer Contract must pre-pay the Customer Contract unless the purchaser of the residence: (a) meets Originator’s (or the related approved Dealer’s) underwriting criteria; (b) executes and delivers to the Servicer a written assumption of the Customer Contract; and (c) begins timely performance of the obligations thereunder.

• The related Consumer Obligor is required to maintain or, in the case of PV Systems and/or XXXX Systems located in Puerto Rico, the Sponsor maintains liability insurance and property insurance and the coverage limits are sufficient to cover the full replacement and installation cost of the PV System and/or XXXX System, as applicable.

• The related Customer Contract is by its terms an absolute and unconditional obligation of the Consumer Obligor to pay the amounts due thereunder and the Customer Contract does not provide the Consumer Obligor with any right of set-off for any reason.

• The FICO score with respect to (i) the related initial Consumer Obligor was at least [***] and (ii) any subsequent Consumer Obligor with respect to the related PV System or XXXX System was at least [***] or such Consumer Obligor has provided a security deposit in accordance with the Credit and Underwriting Policy, in each case, at the time such Solar Loan was originated.

• The Customer Contract does not contain any provisions: (a) pursuant to which monthly loan payments are paid by any source other than the Consumer Obligor; or (b) that require or permit the Originator or any affiliate thereof to make a monthly loan payment on behalf of the related Consumer Obligor.

More Definitions of Consumer obligor

Consumer obligor means an obligor who is an individual and

Consumer obligor means an obligor who is an individual and who incurred a consumer obligation.

Consumer obligor means an obligor who

Consumer obligor means an Obligor under a Consumer Device Payment Plan Agreement.

Consumer obligor means an obligor who is a natural person and who incurred the obligation as part of a transaction entered into primarily for personal, family or household purposes.

Consumer obligor means a borrower under a Customer Contract.

Consumer obligor means an obligor under a Solar Loan.