Sentences with phrase «other obligors»

A Nebraska bankruptcy court recently upheld the longstanding principle that a creditor filing a proof of claim may seek the entire amount due despite amounts collected from other obligors who may be jointly and severally liable for the debt.

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.

(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.»

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.»

(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.»

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.

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.

«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.

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.

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.

In most cases, one parent (obligor) pays child support to the other (obligee), but in some cases, both parents pay child support to a third party that has custody of the children or shares parental responsibilities.

The Family Court will investigate, upon application of the party concerned, to see if an obligation is performed, and if not, admonish and facilitate the other party (obligor) to perform it.

It also gives an example where a court found that» [e] ven where need is established, if the other spouse does not have the ability to pay, it is an abuse of discretion for a court to impose such an obligation upon one of the destitute parties which will hang as a sword over the obligor».

(c) To the extent necessary to protect an award of child support, the court may order the obligor to purchase or maintain a life insurance policy or a bond, or to otherwise secure the child support award with any other assets which may be suitable for that purpose.

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.

Further, the court will consider if the obligor is paying alimony to the custodial parent or supporting other children from a different relationship.

Other child support obligations render obligor unable to pay the guideline's level of child support.

(16) «Payor» means an employer or former employer or any other person or agency providing or administering income to the obligor.