Sentence examples for obligor of from inspiring English sources
The obligor of an issue means the actual issuer of the issue, except that the obligor of the portion of an issue properly allocable to an investment in a purpose investment means the conduit borrower under that purpose investment.
An issue is not a refunding issue to the extent that the obligor (as defined in paragraph (d)(2)(ii)(B) of this section) of one issue is neither the obligor of the other issue nor a related party with respect to the obligor of the other issue.
(ii) On October 1 , 1996 Corporation X transfers $20,000,000 in Treasury securities to Trust 4 in exchange for Class C bonds, Class D bonds, Class E bonds, and Certificate 4. Trust 4 is the obligor of the bonds.
The obligor of an issue used to finance qualified mortgage loans, qualified student loans, or similar program investments (as defined in § 1.148-1) does not include the ultimate recipient of the loan (e.g., the homeowner, the student).
discharge of the underlying obligor on the instrument also discharges him on the obligation". U.C.C. § 3-802 1)(b), 2A U.L.A. 514 (1991).
If the creditor does not take possession of the property within 20 days after tender by the obligor, ownership of the property vests in the obligor without obligation on his part to pay for it.
L. 96 221 substituted provisions respecting to which obligor duty of creditor or lessor, where one or more than one obligor is involved, is owed, for provisions setting forth clear and conspicuous disclosure requirements for creditors to persons extended consumer credit.
Tender shall be made at the location of the property or at the residence of the obligor, at the option of the obligor.
3. The Restatement of Contracts First did not contain a provision dealing expressly with the power of assignor and obligor to modify or rescind their contract without the assignee's consent.
Subject to paragraphs (2) through (4), the Secretary may enter into agreements to make available to 1 or more obligors lines of credit in the form of direct loans to be made by the Secretary at future dates on the occurrence of certain events for any project selected under section 602.
Guaranteed note means a promissory note from an obligor to a noteholder, the repayment of which the United States guarantees.
