"Obligor" Example Sentences
1. The obligor failed to make timely payments on the loan.
2. It is the responsibility of the obligor to fulfill the terms of the contract.
3. The obligor had signed a guarantee for the debt of the borrower.
4. The obligor was found in breach of the agreement.
5. The obligor had pledged their assets as collateral for the loan.
6. The obligor's failure to pay resulted in legal action being taken.
7. The obligor's creditworthiness was a factor in the lender's decision to grant the loan.
8. The obligor was required to maintain insurance on the property as per the contract.
9. The obligor was unaware of the consequences of defaulting on the debt.
10. The obligor requested a modification of the payment terms.
11. The obligor's financial statements showed a risk of default.
12. The obligor's assets were seized by the creditor as a result of non-payment.
13. The obligor was subject to penalty fees for late payment.
14. The obligor was accountable for any damages resulting from their actions.
15. The obligor's guarantor became responsible for the debt.
16. The obligor cited unforeseeable circumstances as a reason for defaulting on the debt.
17. The obligor's credit scores were insufficient for the lender's requirements.
18. The obligor failed to submit the required documentation for the loan.
19. The obligor was a co-signer on the loan.
20. The obligor's bankruptcy declaration complicated the repayment process.
21. The obligor was served with a notice of default on the loan.
22. The obligor's assets were released after full payment was received.
23. The obligor/seller was required to deliver the goods according to the agreed-upon terms.
24. The obligor was a minor at the time the contract was signed.
25. The obligor had to maintain a certain level of income to repay the debt.
26. The obligor's estate was held responsible for the debt after their death.
27. The obligor's actions constituted a violation of the terms of the contract.
28. The obligor was given an extension to pay off the loan.
29. The obligor's default resulted in a damages claim against them.
30. The obligor requested a release from their contractual obligation.
Common Phases
1. The
obligor failed to make timely payments;
2. The
obligor breached the terms of the contract;
3. The
obligor refused to fulfill their obligations;
4. The
obligor is legally bound to fulfill their duties;
5. The
obligor agreed to assume responsibility for their actions;
6. The
obligor is liable for any damages incurred;
7. The
obligor is required to provide adequate security;
8. The
obligor is obligated to ensure compliance with regulations;
9. The
obligor must rectify any errors or omissions;
10. The
obligor has a duty to act in good faith.