Examples of Customer Contract in a sentence
The Customer Contract provides that, upon the sale of the residence connected to the related PV System and/or XXXX System, as applicable, the Consumer Obligor of such Customer Contract must pre-pay the Customer Contract unless the purchaser of the residence: (a) meets Originator’s (or the related approved Dealer’s) underwriting criteria; (b) executes and delivers to the Servicer a written assumption of the Customer Contract; and (c) begins timely performance of the obligations thereunder.
The related Customer Contract is evidenced and governed by (i) loan documentation in substantially the form of one of the Originator’s then applicable standard forms of Customer Contracts and (ii) a corresponding Customer Limited Warranty Agreement.
Since origination, the terms of the related Customer Contract have not been amended, waived, extended, or modified from its original terms in any manner inconsistent with the Originator’s Credit and Underwriting Policies.
The related Customer Contract contains enforceable provisions that render the rights and remedies of the lender thereunder adequate for the realization against the related PV System or XXXX System of the benefits of the security provided thereby.
The related Customer Contract is by its terms an absolute and unconditional obligation of the Consumer Obligor to pay the amounts due thereunder and the Customer Contract does not provide the Consumer Obligor with any right of set-off for any reason.