Eligible Obligor definition

Eligible Obligor. On any date of determination, any Obligor that:

Eligible Obligor means, as of any date of determination, each Obligor in respect of a Receivable that satisfies the following eligibility criteria:

Eligible Obligor means, on any day, any Obligor that satisfies each of the following requirements:

Examples of Eligible Obligor in a sentence

• The policy should contain specific prohibited activities, legal requirements and guidelines for handling such information.

• With respect to a Person, means any other Person that, directly or indirectly, controls, is controlled by or is under common control with such Person, or is a director or officer of such Person; provided that, for purposes of determining whether any Loan is an Eligible Loan or any Obligor is an Eligible Obligor, the term Affiliate shall not include any Affiliate relationship which may exist solely as a result of direct or indirect ownership of, or control by, a common Financial Sponsor.

• If an Existing COVID-19 Eligible Obligor is more than one payment or part thereof in arrears after 16 March 2020 and it is deemed to be unsuitable for a Further Payment Holiday then the forbearance options (including the Forbearance Amendments) set out in paragraph (ii) below will be offered.

• The definition of COVID Eligible Obligor has been reaffirmed by VWFS on 7 August 2020 in the context of the Updated FCA Guidance for payment deferrals offered until 31 October 2020.

• Existing COVID Eligible Obligor More than 36 monthsFurther Payment Holiday with no Term ExtensionExisting COVID Eligible ObligorMonthly Payments increased to spread the cost of the Payment Deferral over the remaining life of the Financing Contract.

More Definitions of Eligible Obligor

Eligible Obligor means, on any day, any Obligor that (i) is a Person (other than a natural person) that is duly organized and validly existing under the laws of, the United States or any State thereof, (ii) is a legal operating entity or holding company, (iii) is not an Official Body, and (iv) is not an Affiliate of, or controlled by, the Borrower, the Servicer or the Equityholder.

Eligible Obligor means, at any time, any Obligor:

Eligible Obligor means, on any date of determination, any Obligor that:

Eligible Obligor. On any Measurement Date, any Obligor that:

Eligible Obligor. Any Obligor:

Eligible Obligor means on any day, any Obligor that satisfies each of the following requirements:

Eligible Obligor means, on any day, any Obligor that satisfies each of the following requirements (unless specifically determined to be an Eligible Obligor by Required Lenders following a review thereof on a case-by-case basis):