Common use of CAB Program Clause in Contracts

CAB Program. The parties agree that CAB’s responsibility under the CAB Program shall be to act as a “credit access business” on behalf of consumers in accordance with the the “CSOA”), and as such CAB shall have the right to charge a Borrower a fee (a “CAB Fee”) for arranging a Loan on behalf of such Borrower. CAB shall not share with Lender, and Lender shall not accept, any portion of any CAB Fee obtained from a Borrower. The credit services CAB provides to each Borrower shall be governed by a credit services disclosure statement (each a “CAB Disclosure Statement”), a credit services contract between CAB and each Borrower (each a “CAB Contract”). CAB, in CAB’s”), and a notice of cancellation to be provided by CAB to each Borrower that may be executed and delivered by each Borrower to CAB (each a “CAB Notice of Cancellation”). CAB, in CAB’s sole discretion, shall be solely responsible for determining the amount of the CAB Fee, the disclosures set forth in the CAB Disclosure Statement, the terms and conditions of each CAB Contract, the disclosures contained in the CAB Notice of Cancellation and whether or not it is appropriate to offer any particular consumer the opportunity to apply for a Loan. Nothing herein shall be deemed to commit CAB to arrange any particular level or number of applicants for Loans, and CAB makes no representation as to the number of Loan applications CAB will submit to Lender on behalf of prospective Borrowers. Furthermore, nothing herein shall be deemed to require CAB to submit to Lender the application of any prospective Borrower to whom CAB has determined not to provide credit services.

CAB Program. The parties agree that CAB’s responsibility under the CAB Program shall be to act as a “"credit access business” " on behalf of consumers in accordance with the the “"CSOA”"), and as such CAB shall have the right to charge a Borrower a fee (a “"CAB Fee”") for arranging a Loan on behalf of such Borrower. CAB shall not share with Lender, and Lender shall not accept, any portion of any CAB Fee obtained from a Borrower. The credit services CAB provides to each Borrower shall be governed by a credit services disclosure statement (each a “"CAB Disclosure Statement”"), a credit services contract between CAB and each Borrower (each a “"CAB Contract”). CAB, in CAB’s”"), and a notice of cancellation to be provided by CAB to each Borrower that may be executed and delivered by each Borrower to CAB (each a “"CAB Notice of Cancellation”"). CAB, in CAB’s sole discretion, shall be solely responsible for determining the amount of the CAB Fee, the disclosures set forth in the CAB Disclosure Statement, the terms and conditions of each CAB Contract, the disclosures contained in the CAB Notice of Cancellation and whether or not it is appropriate to offer any particular consumer the opportunity to apply for a Loan. Nothing herein shall be deemed to commit CAB to arrange any particular level or number of applicants for Loans, and CAB makes no representation as to the number of Loan applications CAB will submit to Lender on behalf of prospective Borrowers. Furthermore, nothing herein shall be deemed to require CAB to submit to Lender the application of any prospective Borrower to whom CAB has determined not to provide credit services.