Sentences with phrase «primary obligor»

In arrangements in which we are not the primary obligor and the indicators are more weighted towards us acting as the agent in the arrangement, we record revenues on a net basis, which is equal to the amount billed to our customer, net of the fee payable to the primary obligor, which is another third party that is primarily responsible for performing the services for the customer.

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