Sentences with phrase «of obligor»

Failure of the obligor to so demonstrate shall result in the court using the obligor's income at the time of the hearing in computing child support for the retroactive period.

When the child support obligation is being enforced by the Department of Revenue, the term «support order» also means a judgment, decree, or order, whether temporary or final, issued by a court of competent jurisdiction for the support and maintenance of a child and the spouse or former spouse of the obligor with whom the child is living which provides for monetary support, health care, arrearages, or past support.

(a) Child support and, when the child support obligation is being enforced by the Department of Revenue, spousal support or alimony for the spouse or former spouse of the obligor with whom the child is living.

The percentage of obligor's income model takes only one parent's income into consideration — the one who does not have custody of the children.

The state uses the percentage of obligor's income model, meaning only the noncustodial parent's income is considered when calculating support; the income of the custodial parent is irrelevant to the initial calculation.

Along with eight other states and the District of Columbia, Illinois courts use the percentage of obligor's income formula for determining a non-custodial parent's obligation.

This notice requires the employer to deduct payment from the wages of the Obligor sufficient to cover the payment of insurance sufficient to pay for medical insurance for himself or herself and the children.

b.If health insurance or the obligor's employment is terminated in a Title IV - D case, the union or employer that is withholding premiums for health insurance under a national medical support notice must notify the department within 20 days after the termination and provide the obligor's last known address and the name and address of the obligor's new employer, if known.

, or upon application of the obligor pursuant to the order, the union or employer shall enroll the minor child as a beneficiary in the group health plan regardless of any restrictions on the enrollment period and withhold any required premium from the obligor's income.

This notice requires the employer of the Obligor of spousal or child support without income, which is conveyed to the Family Support Registry (FSR) for payment to the Obligee.

(a) Upon identification of an obligor's assets held by a financial institution, the court shall, upon certification of the overdue support owed by the obligor, enter an immediate order prohibiting the release of those assets until further order of court.

If the obligor is an owner of the property being improved, the lien claimant shall be entitled to a claim of lien upon real property upon the interest of the obligor in the real property to the extent of the owner's personal liability under subsection (b) of this section... which claim of lien on real property shall be entitled to the same priorities and subject to the same filing requirements and periods of limitation applicable to the contractor.

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.

«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.

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 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.

[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.

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.

Not exact matches

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 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.

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.

(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.&raquOF 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.&raquof 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.&raquof certain events.»

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.

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.

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.

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».

'' (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.

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.