Common use of Qualification of Clients Clause in Contracts

Qualification of Clients. UNC shall notify Client whether he or she qualifies for the financing requested from Lenders or Merchant through the Program. Merchant shall not be obligated to assess or pre-qualify any Client to ascertain his or her creditworthiness and is not authorized to make any representations or promises about whether or not Client will qualify to obtain such financing, including the likelihood of approval, applicable finance charge rates, or any terms or conditions of the financing arrangement. UNC makes no promises, representations, or guaranties that financing for a particular Client will be approved by a Lender or Merchant and all credit decisions shall be based upon applicable underwriting and origination guidelines under the Program.