Secondary obligor means an obligor to the extent that:
Secondary obligor means an obligor to the
Secondary obligor means an obligor to the extent that the obligor's obligation is secondary or the obligor has a right of recourse with respect to an obligation secured by collateral against the debtor, another obligor, or property of either.
Examples of Secondary obligor in a sentence
Secondary obligor is defined as a person who is secondarily liable for payment of a secured obligation, e.g., a guarantor.
Secondary obligor," with respect to an instrument, means (a) an indorser or an accommodation party, (b) a drawer having the obligation described in Section 3-414(d), or (c) any other party to the instrument that has recourse against another party to the instrument pursuant to Section 3-116(b).
This approach establishes the taxonomy as the “single source of truth” or what we call the “Single Data Model”.
CTE classes give more opportunities in which students are interested that keep them in school and gives them a path to follow post high school studies/careers.
More Definitions of Secondary obligor
Secondary obligor means an obligor to the extent that: (A) The obligor's obligation is secondary; or
Secondary obligor with respect to an instrument means an indorser, a drawer, or an accommodation party that has a right of recourse against a party obligated to pay the instrument.
Secondary obligor means an obligor to the extent that either of the following conditions are satisfied:
Secondary obligor means an obligor any portion of whose obligation is secondary.
Secondary obligor means an obligor to the 21 extent that: 22
Secondary obligor means each entity identified on Schedule I-(SO), as well as, subject to the final sentence of this definition, any other entity, other than a Primary Obligor, any Equity Interest (other than Equity Interests constituting Incidental Equity Interests) of or in which is owned by Borrower, any Primary Obligor or any other Secondary Obligor. Notwithstanding the foregoing, no Tier IV Company or Tier V Company or any Harbor Debtor shall constitute a Secondary Obligor.
Secondary obligor. As defined in Article 9, and any Obligor to the extent that (a) the Obligor's obligation is secondary, or (b) the Obligor has a right of recourse with respect to an obligation secured by Collateral against Debtor, another Obligor, or property of Debtor or another Obligor.