Contract Obligor definition

Contract Obligor means any Person that is obligated to Debtor under a BFC Program Contract.
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Contract Obligor on a Contract means the purchaser or co-purchaser of a Financed Vehicle or any other person who owes or guarantees payments under the Contract.
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Contract Obligor means any obligor that is obligated to Debtor under a BFC Program Contract.
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Examples of Contract Obligor in a sentence

  • No Grantor will permit or consent to the subordination of its right to payment under any of the Receivables or the Related Contracts to any other indebtedness or obligations of the Contract Obligor thereof.

  • As the policy itself is a statement of intent, a Medium-Term Agriculture Sector Investment Plan was developed for the implementation of the broad strategies specified in the policy.

  • It is understood and agreed that all Contracts are assigned, transferred and conveyed to Purchaser pursuant hereto (initial one): "with recourse" ----- "without recourse" ----- Revised February, 1998 7 If assigned "with recourse," the Seller hereby additionally guarantees to the Purchaser that the Contract Obligor of each and every Contract shall promptly and fully pay and satisfy all payments owing under the Contract when and as the same become due and payable.

  • Provided Seller delivers to Purchaser, within sixty (60) days of the Closing Date hereunder, a motor Revised February, 1998 3 vehicle Certificate of Title duly issued to the Contract Obligor with the Seller shown as the "First Lienholder," Purchaser shall deliver to Seller the Purchase Price payable on the ledger card balance of the Contract in question.

  • Contracts repurchased by Seller from Purchaser pursuant to this Section 6 are to be reassigned and sold back to Seller without recourse and/or without warranties of any kind or nature by Purchaser, except as to the amount that has been paid on the obligation by the Contract Obligor.

  • The Contract shall be deemed to have been purchased by the Purchaser, under the terms of this Agreement, as of the date of Closing if the title is received within said 60 day period after the Closing Date and all payments made by the Contract Obligor subsequent to the Closing Date shall be retained by or delivered to the Purchaser and applied against the Contract Obligor's indebtedness.

  • Seller agrees that with respect to any Contract for which Seller has repossessed the Financed Vehicle prior to Closing or which Seller repossess after Closing without the authorization of Purchaser, Seller shall, upon Purchaser's demand, promptly repurchase such Contract(s) at a price equal to the amount due and owing on the Contract at the time of repossession as if the Contract Obligor on the Contract had prepaid the obligation in full on that date (the net-payoff balance).

  • Upon the occurrence of a breach of the Agreement, Purchaser shall have the right, but not the obligation, to deduct from the Reserve the balance due and Revised February, 1998 5 owing on any Contract which is the subject of such breach at the time as if the Contract Obligor on the Contract had prepaid the obligation in full on that date (the net-payoff balance).

  • Contracts repurchased by Seller from Purchaser pursuant to Section 6.1 shall be repurchased in cash for an amount equal to the amount of the balance due and owing on such Contract at the time of the occurrence of the event creating the obligation to repurchase as if the Contract Obligor had prepaid the Contract payment obligation in full on that date (the netpayoff balance).

  • After the occurrence of an Event of Default, no Borrower shall, without the prior consent of Lender, adjust, settle or compromise the amount or payment of any Contract or Contract Right, or release wholly or partly any Contract Obligor with respect thereto, or allow any credit or discount thereon, other than in accordance with Borrowers' Current Credit Policies.


More Definitions of Contract Obligor

Contract Obligor means the residential homeowner or commercial property owner obligated under a Contract to make periodic payments to a Borrower for the electronic alarm monitoring or other security services or goods provided under such Contract.
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Contract Obligor means the person(s) or entity (ies) obligated to make payments under any Serviced Contracts.
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Contract Obligor. With respect to any Receivable, the Person obligated to make payment of such Receivable under the terms of the related Contract. For the avoidance of doubt, in the case of an MSP Receivable the Contract Obligor means the applicable Managed Service Provider (and not also the Customer, unless also a party to the Contract between the Managed Service Provider and the Originator); except that where the Managed Service Provider is the Originator, then the Customer is the Contract Obligor.
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Related to Contract Obligor

  • Banking Product Obligations means, as applied to any Person, any direct or indirect liability, contingent or otherwise, of such Person in respect of any treasury, depository and cash management services, netting services and automated clearing house transfers of funds services, including obligations for the payment of fees, interest, charges, expenses, attorneys’ fees and disbursements in connection therewith.

  • Secured Bank Product Obligations Debt, obligations and other liabilities with respect to Bank Products owing by an Obligor to a Secured Bank Product Provider; provided, that Secured Bank Product Obligations of an Obligor shall not include its Excluded Swap Obligations.

  • Bank Product Obligations means all obligations, liabilities, contingent reimbursement obligations, fees, and expenses owing by a Company to Agent or any Lender (or an affiliate of a Lender) pursuant to or evidenced by the Bank Product Agreements.

  • Banking Services Provider means any Lender (other than a Defaulting Lender) or Affiliate of a Lender (other than a Defaulting Lender) that provides Banking Services to any Credit Party.

  • Guaranteed Investment Contract With respect to any Series (or Class within such Series), a guaranteed investment contract or surety bond provided for in the related Series Supplement, Granted as part of the Trust or to the Trustee for the benefit of the Certificateholders for such Series, providing for the investment of funds in a related Account or related Accounts and insuring a minimum or a fixed rate of return on the investment of such funds, which contract or surety bond shall be an obligation of an insurance company or other entity whose rating is no lower than the rating on the Underlying Securities and shall satisfy any other requirements specified in such Series Supplement.

  • Bank Product Agreements means those agreements entered into from time to time by Borrower or its Subsidiaries with a Bank Product Provider in connection with the obtaining of any of the Bank Products.

  • Banking Services means each and any of the following bank services provided to the Borrower or any Subsidiary by any Lender or any of its Affiliates: (a) credit cards for commercial customers (including, without limitation, commercial credit cards and purchasing cards), (b) stored value cards and (c) treasury management services (including, without limitation, controlled disbursement, automated clearinghouse transactions, return items, overdrafts and interstate depository network services).

  • Financial Services Provider means any Lender and any other provider of financial services or products;

  • Bank Products Provider means any Lender or Affiliate of a Lender that provides Bank Products to the Borrower or any Guarantor.

  • Obligor on the indenture securities means the Company and any other obligor on the indenture securities. All other TIA terms used in this Indenture that are defined by the TIA, defined by TIA reference to another statute or defined by SEC rule have the meanings assigned to them by such definitions.

  • Obligors means the Borrower and the Guarantors.

  • Banking Services Agreement means any agreement entered into by the Borrower or any Subsidiary in connection with Banking Services.

  • Bank Product Agreement means any agreement between one or more Obligors and a Bank Product Provider evidencing the making available of any Bank Product by such Bank Product Provider to such Obligor. The foregoing includes, without limitation, Swap Agreements.

  • Credit Card Processor means any servicing or processing agent or any factor or financial intermediary who facilitates, services, processes or manages the credit authorization, billing transfer and/or payment procedures with respect to any Loan Party’s sales transactions involving credit card or debit card purchases by customers using credit cards or debit cards issued by any Credit Card Issuer.

  • Hedging Liability means the liability of the Borrower or any Subsidiary to any of the Lenders, or any Affiliates of such Lenders, in respect of any interest rate, foreign currency, and/or commodity swap, exchange, cap, collar, floor, forward, future or option agreement, or any other similar interest rate, currency or commodity hedging arrangement, as the Borrower or such Subsidiary, as the case may be, may from time to time enter into with any one or more of the Lenders party to this Agreement or their Affiliates.

  • Credit Card Issuer means any Person (other than a Loan Party) who issues or whose members issue credit cards or debit cards, including, without limitation, MasterCard or VISA bank credit or debit cards or other bank credit or debit cards issued through MasterCard International, Inc., Visa, U.S.A., Inc. or Visa International and American Express, Discover, Diners Club, Xxxxx Xxxxxxx and other non-bank credit or debit cards, including, without limitation, credit or debit cards issued by or through American Express Travel Related Services Company, Inc. or Discover Financial Services, Inc.

  • Hedging Agreement Provider means any Person that enters into a Secured Hedging Agreement with a Credit Party or any of its Subsidiaries that is permitted by Section 6.1(d) to the extent such Person is a Lender, an Affiliate of a Lender or any other Person that was a Lender (or an Affiliate of a Lender) at the time it entered into the Secured Hedging Agreement but has ceased to be a Lender (or whose Affiliate has ceased to be a Lender) under the Credit Agreement.

  • Accounts Receivable Subsidiary means one Unrestricted Subsidiary of the Company specifically designated as an Accounts Receivable Subsidiary for the purpose of financing the Company’s accounts receivable and provided that any such designation shall not be deemed to prohibit the Company from financing accounts receivable through any other entity, including, without limitation, any other Unrestricted Subsidiary.

  • Banking Services Obligations means any and all obligations of the Borrower or any Subsidiary, whether absolute or contingent and howsoever and whensoever created, arising, evidenced or acquired (including all renewals, extensions and modifications thereof and substitutions therefor) in connection with Banking Services.

  • Bank Product Provider means Xxxxx Fargo or any of its Affiliates.

  • Bank Affiliate means any office or branch of the Bank and any other entity that directly, or indirectly through one or more intermediaries, controls the Bank or that is controlled by or is under common control with the Bank.

  • Bank Products Agreement any agreement pursuant to which a bank or other financial institution agrees to provide treasury or cash management services (including, without limitation, controlled disbursements, automated clearinghouse transactions, return items, netting, overdrafts and interstate depository network services).

  • Cash Management Accounts means the bank accounts of each Loan Party maintained at one or more Cash Management Banks listed on Schedule 8.01.

  • HSBC means HSBC Bank USA, National Association.

  • Hedging Liabilities means the Liabilities owed by any Debtor to the Hedge Counterparties under or in connection with the Hedging Agreements.

  • SBI / Bank means State Bank of India (client) a body Corporate created under SBI Act 1955, having one of its Circle Office at State Bank of India, III/1 Pandit Jawaharlal Nehru Marg, Bhubaneswar- 01 and includes the client’s representatives, successors and assigns.