Common use of Borrower’s Liability Clause in Contracts

Borrower’s Liability. The Borrower’s liability hereunder shall not be affected, terminated or prejudiced by any amendments to or changes in the Borrower’s constitution, or upon the Borrower becoming bankrupt or insolvent or any proceeding in respect thereof or any analogous step, but such liability shall continue in full force and effect and shall be binding on the Borrower’s respective successors, assigns and Legal heirs

Appears in 3 contracts

Samples: Loan Agreement, Loan Agreement, Loan Agreement

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Borrower’s Liability. The Borrower’s liability hereunder shall not be affected, terminated or prejudiced by any amendments to or changes in the Borrower’s constitution, or upon the Borrower becoming bankrupt or insolvent or any proceeding in respect thereof or any analogous step, but such liability shall continue in full force and effect and shall be binding on the Borrower’s respective successors, permitted assigns and Legal legal heirs

Appears in 3 contracts

Samples: www.utkarsh.bank, Loan Agreement, Loan Agreement

Borrower’s Liability. The Borrower’s liability hereunder shall not be affected, terminated or prejudiced by any amendments to or changes in the Borrower’s constitution, constitution or upon the Borrower becoming bankrupt or insolvent or any proceeding in respect thereof or any analogous step, but such liability shall continue in full force and effect and shall be binding on the Borrower’s respective successors, assigns and Legal heirs.

Appears in 2 contracts

Samples: Od Agreement, Od Agreement

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Borrower’s Liability. The Borrower’s liability hereunder shall not be affected, terminated or prejudiced by any amendments to or changes in the BorrowerBorrower’s/any of the Borrower Group’s ownership or management or in its constitution, or upon the Borrower becoming bankrupt or insolvent or amendment in any proceeding in respect thereof or constituent documents by any analogous stepwinding-up, but such liability shall continue in full force and effect and shall be binding on the Borrower’s respective successorsliquidation, assigns and Legal heirsinsolvency,

Appears in 1 contract

Samples: Business Loan Agreement

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