Consumer Purpose definition

Consumer Purpose means an Account held or funds expended for personal, family or household use.
View Source
Consumer Purpose means primarily a personal, family or household purpose. For purposes of this act, consumer purpose does not include a credit transaction:
View Source

Examples of Consumer Purpose in a sentence

  • No Borrower has direct or indirect Subsidiaries or Affiliates, or investments in or loans to any other individuals or business entities (other than Consumer Purpose Loans), except as described in Exhibit H attached hereto and made part hereof.

  • Advances shall be used to finance Borrowers’ portfolios of Consumer Purpose Loans which constitute Eligible Receivables and for other lawful corporate purposes except as limited under this Agreement.

  • Advances shall be used to finance the Borrower's portfolios of Consumer Purpose Loans which constitute Eligible Receivables.

  • Advances shall be used to finance Borrowers’ portfolios of Consumer Purpose Loans, for general working capital purposes and for other lawful corporate purposes except as limited under this Agreement.

  • No Borrower has direct or indirect Subsidiaries or Affiliates, or investments in or loans to any other Person (other than Consumer Purpose Loans), except as described in Schedule 4.12 attached hereto and made part hereof.

  • No Borrower has direct or indirect Subsidiaries or Affiliates, or investments in or loans to any other individuals or business entities (other than Consumer Purpose Loans), except as described in Schedule 4.12 attached hereto and made part hereof.

  • Borrower has no direct or indirect Subsidiaries or Affiliates, or investments in or loans to any other individuals or business entities (other than Consumer Purpose Loans), except as described in Exhibit G of this Agreement.

  • Use the proceeds of any loan or advance made by Lender hereunder for purposes other than in connection with Borrower's creation of Consumer Purpose Loans or the acquisitions permitted pursuant to Section 7.11 and for working capital and general corporate purposes.

  • Loans made hereunder shall be used solely to finance Borrower's portfolios or acquire additional portfolios (whether by asset or stock purchase, as permitted pursuant to Section 7.11 hereof) of Consumer Purpose Loans, and for working capital and general corporate purposes.

  • The initial Advance shall be used to refinance and pay all of Borrowers’ indebtedness under a line of credit with Bank of America, N.A. Advances shall be used to finance Borrowers’ portfolios of Consumer Purpose Loans which constitute Eligible Receivables, for other lawful corporate purposes except as limited under this Agreement.