Obligor Payments definition

Obligor Payments means with respect to a Solar Loan, all principal, interest, fees and other payments due from an Obligor under or in respect of such Solar Loan.

Obligor Payments is defined in Section 3 of this Agreement.

Obligor Payments is defined in Section 3.

Examples of Obligor Payments in a sentence

• The Borrower has directed, or has caused to be directed, each Obligor to make all related Obligor Payments to the Lockbox Account; provided, that with respect to Obligor Payments related to Credit Card Receivables, such payments shall be remitted through a vendor reasonably acceptable to the Agent and then transferred to the Lockbox Account on the third Business Day after receipt by such vendor.

• If Seller has deposited any Obligor Payments received from any Obligor and issued a check or payment to Buyer with respect thereto, Buyer shall retain the risk that any such payment so deposited by Seller shall be returned due to insufficient funds.

• The Borrower has directed, or has caused to be directed, each Obligor to make all related Obligor Payments to the Lockbox Account; provided, that with respect to Obligor Payments related to Credit Card Receivables, such payments shall be remitted through a vendor reasonably acceptable to the Administrative Agent and then transferred to the Lockbox Account on or prior to the third Business Day after receipt by such vendor.

• To the extent that Seller has received any Obligor Payments prior to the Cutoff Date, Seller has reduced the Account Balances of the applicable Accounts for purposes of calculating the Purchase Price.

• Buyer shall be entitled to a refund of the Purchase Price within 180 days after the Closing Date in an amount equal to the product of (i) the Purchase Price Percentage, and (ii) amount of such Obligor Payments to the extent that the Account Balances were not reduced by such Obligor Payments.

• Design and prepare a system to assure that each direct billing invoice be accompanied by a return payment envelope which directs all Obligor Payments directly to the Lock Box, including, without limitation, making all reasonably necessary arrangements and signing all reasonably necessary documents associated with the on-going remittance processing performed by the Lock Box.

• Reimbursement of Prior Advance Outstanding on Delinquent Loans (Obligor Payments) $ 24,030.38 4.

• The Borrower has directed, or has caused to be directed, each Obligor to make all related Obligor Payments to the Lockbox Account; provided, [***] = Certain information has been excluded from this exhibit because it is both not material and would likely cause harm to the company if publicly disclosed.

• Reimbursement of Prior Advance Outstanding on Delinquent Loans (Obligor Payments) $ 21,581.68 4.

• Reimbursement of Prior Advance Outstanding on Delinquent Loans (Obligor Payments) $ 25,331.25 4.

More Definitions of Obligor Payments

Obligor Payments means with respect to a Home Improvement Loan, all principal, interest, fees and other payments due from an Obligor under or in respect of such Home Improvement Loan.

Obligor Payments means, for any Financed Contract, the monthly, quarterly, semi-annual or annual payments actually made by an Obligor on account of a Monitoring Revenue Payment and received in the Lock Box.

Obligor Payments means with respect to a Solar Loan, all principal, interest, fees and other payments due from an Obligor under or in respect of such Solar Loan. [***] = Certain information has been excluded from this exhibit because it is both not material and would likely cause competitive harm to the company if publicly disclosed.