Sentences with phrase «a.the obligor»

The best possible rating is AAA, for example, which means the obligor has an «extremely strong» capacity to meet its financial commitments.

The Issuer will be the sole obligor of the Notes; the Notes will not be obligations of or guaranteed by OnDeck or any of its other subsidiaries.

The revision is simple — it merely removes MSMB as an obligor and references Retrophin alone.

The rental and utility payment data included in Vantage is limited and, to the earlier point on FICO, really does not tell you about the obligor's ability to pay a 30 - year mortgage and take care of the house.

However, adverse economic conditions or changing circumstances are more likely to lead to a weakened capacity of the obligor to meet its financial commitment on the obligation.

Issuer is the sole legal obligor to the Cardholder.

Objection Obligated Obligation Obligee Obligor Obiter Dictum OCSE (Office of Child Support Enforcement) Obstruction of Justice Offset OBRA (Omnibus Budget Reconciliation Act) Onus Probandi Open Adoption Opinion Oral Argument Order Order to Show Cause Ordinary Expenses Out of Wedlock Overrule

Some provisions in the law also directly impacted child support collection, including the creation of a Federal Case Registry of Child Support Orders (FCR) and a National Directory of New Hires (NDNH) for the purpose of tracking child support cases and locating obligors.

This was done to ensure that these banks have more capacity to lend to businesses, especially within the purview of their single obligor limits which the Bank of Ghana must enforce strictly.

However, in such cases for (x) TIFIA credit assistance, the maximum credit subsidy to be paid by the Federal Government may not be more than 10 percent of the principal amount of the TIFIA credit assistance, and the obligor is responsible to pay any remaining subsidy cost, and (y) for RRIF credit assistance, the DOT may impose limitations on the waiver of nonsubordination requirements if it determines that such limitations would be in the financial interest of the Federal Government.

This chapter describes the process by which the DOT will commit to provide credit assistance to a selected borrower (also termed «obligor»).

(13) PROJECT OBLIGATION. - The term «project obligation» means any note, bond, debenture, or other debt obligation issued by an obligor in connection with the financing of a project, other than a Federal credit instrument.»

(11) OBLIGOR. - The term «obligor» means a party that -» (A) is primarily liable for payment of the principal of or interest on a Federal credit instrument; and» (B) may be a corporation, partnership, joint venture, trust, or governmental entity, agency, or instrumentality.»

costs» means amounts substantially all of which are paid by, or for the account of, an obligor in connection with a project, including the cost of» (A) development phase activities, including planning, feasibility analysis, revenue forecasting, environmental review, permitting, preliminary engineering and design work, and other preconstruction activities;» (B) construction, reconstruction, rehabilitation, replacement, and acquisition of real property (including land relating to the project and improvements to land), environmental mitigation, construction contingencies, and acquisition of equipment; and» (C) capitalized interest necessary to meet market requirements, reasonably required reserve funds, capital issuance expenses, and other carrying costs during construction.»

(7) LINE OF CREDIT. - The term «line of credit» means an agreement entered into by the Secretary with an obligor under section 604 to provide a direct loan at a future date upon the occurrence of certain events.»

(6) DEDICATED REVENUE SOURCES. - The applicable Federal credit instrument shall be repayable, in whole or in part, from -» (A) tolls;» (B) user fees;» (C) payments owing to the obligor under a public - private partnership; or» (D) other dedicated revenue sources that also secure or fund the project obligations.»

[239] As noted in Section 2 - 1 above, the TIFIA lien on pledged revenues can be subordinated to those of senior lenders to the project except in the event of bankruptcy, insolvency, or liquidation of the obligor.

The Letter of Interest must (i) describe the project and the location, purpose, and cost of the project, (ii) outline the proposed financial plan, including the requested credit assistance and the proposed obligor, (iii) provide a status of environmental review, and (iv) provide information regarding satisfaction of other eligibility requirements of the TIFIA credit program.

In the context of TIFIA credit assistance for a public - private partnership, where multiple bidders may be competing for a concession such that the obligor has not yet been identified, the procuring agency must submit the project's Letter of Interest on behalf of the eventual obligor.

In the context of a public - private partnership, where multiple bidders may be competing for a concession such that the obligor has not yet been identified, the procuring agency must submit the project's Letter of Interest on behalf of the eventual obligor.

The term project obligation means any note, bond, debenture, or other debt obligation issued by an obligor in connection with the financing of a project, other than a Federal credit instrument.

outlines the proposed financial plan, including the requested credit assistance and the proposed obligor;

The term secured loan means a direct loan or other debt obligation issued by an obligor and funded by the Secretary in connection with the financing of a project under section 603.

Authorizes DOT to allow, for up to one year over the duration of the direct loan, an obligor to add unpaid principal and interest to the outstanding balance if at any time after the date of substantial completion the project is unable to generate sufficient revenues to pay the scheduled loan repayments of principal and interest on a direct loan.

The Extended Service Contract is provided by Aston Martin Lagonda of North America Inc. (Florida Residents: Obligor / Provider is Wesco Insurance Company, 59 Maiden Lane, 6th Floor, New York, NY 10038; License # 01913).

Obligor and Administrator Information: The Obligor of Vehicle Service Protection, Term Protection, and CPO Vehicle Service Protection included in the Volkswagen Drive Easy program is VWFS Protection Services, Inc., 2200 Ferdinand Porsche Drive, Herndon, VA 20171, 1 [phone], except in Florida where the Obligor is VWFS Protection Services FL, Inc., Florida License Number 29864, 2200 Ferdinand Porsche Drive, Herndon, VA 20171, 1 [phone].

It is also considered the obligor and guarantor of option contracts, guaranteeing performance.

The effect of this rule is that a taxpayer who purchases a tax - exempt bond subsequent to its original issuance at a price less than its stated redemption price at maturity (or, if issued with OID, at a price less than its accreted value), either because interest rates have risen or the obligor's credit has declined since the bond was issued, and who thereafter recognizes gain on the disposition of such bond will have part or all of the «gain» treated as ordinary income.

The bond must benefit the state of Minnesota and any person who may have a cause of action against the obligor arising out of the obligor's activities as a credit services organization.

The credit services organization must be the obligor.

FCIA's Trade Payables Financing Policy provides coverage to a bank against nonpayment of trade accounts payables due from a single obligor to a single or multiple sellers of goods or services.

A Standard & Poor's issue credit rating is a forward - looking opinion about the creditworthiness of an obligor with respect to a specific financial obligation.

The Pledge Account is held by the Investor, but the obligor is permitted to trade in the pledged account.

As stated in the legislation, lenders must verify and document «the income and financial resources relied upon to qualify the obligors on the loan.»

In certain circumstances, an obligor may be exempt or eligible to apply for a waiver for accrued interest.

The court shall assess interest on the amount of support an obligor failed to pay if the court determines the failure to be willful and the arrears accrued after July 15, 1992.

With respect to each of two billing cycles per year, at semiannual intervals, the creditor shall transmit such statement to each obligor to whom the creditor is required to transmit a statement pursuant to sections 127 (b) for such billing cycle».

Such regulations shall prevent a finance charge from being imposed on any obligor if the creditor has received the obligor's payment in readily identifiable form in the amount, manner, location, and time indicated by the creditor to avoid the imposition thereof.

«With respect to any sales transaction where a credit card has been used to obtain credit, where the seller is a person other than the card issuer, and where the seller accepts or allows a return of the goods or forgiveness of a debit for services which were the subject of such sale, the seller shall promptly transmit to the credit card issuer, a credit statement with respect thereto and the credit card issuer shall credit the account of the obligor for the amount of the transaction.

'' (11) The address to be used by the creditor for the purpose of receiving billing inquiries from the obligor».

«Payments received from an obligor under an open end consumer credit plan by the creditor shall be posted promptly to the obligor's account as specified in regulations of the Board.

After complying with the provisions of this subsection with respect to an alleged billing error, a creditor has no further responsibility under this section if the obligor continues to make substantially the same allegation with respect to such error.

I have represented at least one consumer where a private student loan was discharged due to the death of the primary obligor.

Often I would review a complex prospectus to find out a big negative: amid all of the legalese, the bonds were as secure, or more so than the senior unsecured of the main obligor.

A broad category of bonds that are secured by taxes levied by the obligor.

These are defined as follows: Substandard: An asset classified Substandard is protected inadequately by the current net worth and paying capacity of the obligor, or by the collateral pledged, if any.

Contribute to building credit risk models that are to be used in the assignment of Probability of Default across varying obligor and product types using a range of internal and / or external data extracted from systems or externally sourced

In your Assignment Agreement, you should include information like: the name of the person handing over contractual duties (called «the assignor»); the recipient of the contractual rights and obligations (called «the assignee»); the other party to the original contract (called «the obligor»); the name of the contract and its expiration date; whether the original contract requires the obligor's consent prior to assigning rights; when the obligor's consent was obtained; when the agreement will go into effect; and which state's laws will govern the agreement.

This means that if the judge decides to award alimony to the obligee, the obligor might have to pay it permanently or just for a set period of time.

Alimony refers to the money that one spouse («the obligor») has to pay to the other («the obligee») to normalize the financial picture after a divorce.