Borrower Liability. Each Borrower may, acting singly, request credit extensions hereunder. Each Borrower hereby appoints the other as agent for the other for all purposes hereunder, including with respect to requesting credit extensions hereunder. Each Borrower hereunder shall be jointlyand severally obligated to repay all credit extensions made hereunder, regardless of which Xxxxxxxx actually receives said credit extension, as if each Borrower hereunder directly received all credit extensions. Each Borrower waives (a) any suretyship defenses available to it under the Code or any other applicable law, and (b) any right to require Collateral Agent or any Lender to: (i) proceed against any Borrower or any other person; (ii) proceed against or exhaust any security; or
Appears in 1 contract
Samples: Subordinated Business Loan and Security Agreement (Banzai International, Inc.)
Borrower Liability. Each Borrower may, acting singly, request credit extensions hereunder. Each Borrower hereby appoints the other as agent for the other for all purposes hereunder, including with respect to requesting credit extensions hereunder. Each Borrower hereunder shall be jointlyand jointly and severally obligated to repay all credit extensions made hereunder, regardless of which Xxxxxxxx actually receives said credit extension, as if each Borrower hereunder directly received all credit extensions. Each Borrower waives
waives (a) any suretyship defenses available to it under the Code or any other applicable law, and (b) any right to require Collateral Agent or any Lender to: (i) proceed against any Borrower or any other person; (ii) proceed against or exhaust any security; or
Appears in 1 contract
Samples: Subordinated Business Loan and Security Agreement (Nuvve Holding Corp.)
Borrower Liability. Each Borrower may, acting singly, request credit extensions hereunder. Each Borrower hereby appoints the other as agent for the other for all purposes hereunder, including with respect to requesting credit extensions hereunder. Each Borrower hereunder shall be jointlyand severally obligated to obligatedto repay all credit extensions made hereunder, regardless of which Xxxxxxxx actually receives said credit extension, as if each Borrower hereunder directly received all credit extensions. Each Borrower waives
(a) any suretyship defenses available to it under the Code or any other applicable law, and (b) any right to require Collateral Agent or any Lender to: (i) proceed against any Borrower or any other person; (ii) proceed against or exhaust any security; or
Appears in 1 contract
Samples: Subordinated Business Loan and Security Agreement (Banzai International, Inc.)
Borrower Liability. Each Any Borrower may, acting singly, request credit extensions Credit Extensions hereunder. Each Borrower hereby appoints the other others as agent for the other for all purposes hereunder, including with respect to requesting credit extensions Credit Extensions hereunder. Each Borrower hereunder shall be jointlyand jointly and severally obligated to repay all credit extensions Credit Extensions made hereunder, regardless of which Xxxxxxxx Borrower actually receives said credit extensionCredit Extension, as if each Borrower hereunder directly received all credit extensionsCredit Extensions. Each Borrower waives
(a) any suretyship defenses available to it under the Code or any other applicable law, and (b) any right to require Collateral Agent or any Lender Bank to: (i) proceed against any Borrower or any other person; (ii) proceed against or exhaust any security; oragainst
Appears in 1 contract