Eligible Obligor definition

Eligible Obligor. On any date of determination, any Obligor that:

Eligible Obligor means, as of any date of determination, each Obligor in respect of a Receivable that satisfies the following eligibility criteria:

Eligible Obligor means, on any day, any Obligor that satisfies each of the following requirements:

Examples of Eligible Obligor in a sentence

• Furthermore, no Obligor that is incorporated, established or resident for tax purposes outside the United Kingdom may hold the legal title to a Mortgaged Property when the beneficial interest is held by another Obligor (unless it is an Eligible Obligor in relation to its holding of the legal title and the beneficial owner is also an Eligible Obligor in relation to its holding of the beneficial interest).

• If an Existing COVID Eligible Obligor is more than one payment or part thereof in arrears after 16 March 2020, then suitability of a Further Payment Holiday with Term Extension or a Further Payment Holiday with no Term Extension will be determined based on a consideration of the Obligor's circumstances.

• If an Existing COVID-19 Eligible Obligor is more than one payment or part thereof in arrears after 16 March 2020 and it is deemed to be unsuitable for a Further Payment Holiday then the forbearance options (including the Forbearance Amendments) set out in paragraph (ii) below will be offered.

• None of the Originators or the Servicers shall (whether voluntary or involuntary) sell, assign, transfer, subrogate, enter into any factoring or invoice discounting transaction or otherwise dispose of any Receivable owed by any Eligible Obligor (other than Ineligible Receivables for Purchase), except in accordance with the Transaction Documents.

• Each Originator shall ensure that at least 95% of the amount of Collections owed to it by any Eligible Obligor (or any obligor under or in connection with the Purchased Receivables) is credited into a Dedicated Collection Account in the name of such Originator which is subject to a Security under an Account Pledge Agreement.

More Definitions of Eligible Obligor

Eligible Obligor means, on any day, any Obligor that (i) is a business organization (and not a natural person) that is duly organized and validly existing under the laws of, the United States or any State thereof (or any other Eligible Jurisdiction), (ii) is a legal operating entity or holding company, (iii) is not an Official Body and (iv) is not an Affiliate of, or controlled by, the Borrower, the Investment Manager or the Equityholder.

Eligible Obligor. Any Obligor:

Eligible Obligor. On any Measurement Date, any Obligor that:

Eligible Obligor means, on any date of determination, any Obligor that:

Eligible Obligor means, at any time, any Obligor:

Eligible Obligor means on any day, any Obligor that satisfies each of the following requirements:

Eligible Obligor. On any day, any Obligor that satisfies each of the following requirements at all times: