Obligo definition
Examples of Obligo in a sentence
If at any time Obligo notices that the volume and/or frequency of Claims for a Rental Property or group of Rental Properties materially deviates from the historical volume and/or frequency for such Rental Properties, then Obligo shall have the right to delay payment of Claims by an additional ninety (90) days in order to allow the parties to investigate the circumstances and prevent possible fraud or misuse.
Company acknowledges that it is aware of which Payment Processor will be used by Obligo to service Company, and Company has had an opportunity to review the applicable Payment Processor Agreement.
By agreeing to this Agreement, Company agrees to be bound by the Payment Processor Agreement applicable to the particular Payment Processor used by Obligo for providing the Obligo Platform Service to Company, as such agreement may be modified by the applicable Payment Processor from time to time.
Obligo may provide the Obligo Platform Services to any person, including a competitor of Company.
Either party may initiate a termination of a Service for all or a portion of the Participating Rental Properties (a “Termination Initiation”) upon written notice, by sending an email to ▇▇▇▇▇▇▇@▇▇▇▇▇▇▇▇.▇▇▇, at any time in accordance with the following terms except as otherwise agreed in writing by Company and Obligo: Upon Termination, the Company will no longer offer the Billing Authorization service, nor accept any new Billing Authorizations from Tenants.
Obligo shall not transfer any funds via the Obligo Platform Service to Company or to the legal entities associated with the Participating Rental Properties prior to compliance with any applicable regulations and industry procedures, including without limitation, Know Your Customer/Client procedures relating to banking and anti-money laundering regulations.
A Tenant that is interested in subscribing to the Billing Authorization Service must first submit a digital application to Obligo in accordance with terms and procedures established by Obligo.
Should Tenant accept the offer for a Deposit Replacement Advance and at ▇▇▇▇▇▇’s direction, Company agrees to transfer the Replaced Amount from a Tenant’s Security Deposit to Obligo within fourteen (14) days after receiving notice from Obligo that a Deposit Replacement Advance has taken place.
Obligo may, in its sole discretion, communicate with Company and Tenant regarding a Claim or a dispute, but in doing so would not be assuming any responsibility for the resolution of a dispute, nor liability for the outcome of the dispute.
Obligo shall include a similar acknowledgement in terms to be entered into between Obligo and a Tenant for the Billing Authorization Service.