Borrower’s Rights and Obligations. 2.3.1 The obligations of each Borrower under this Agreement are joint and several. Failure by a Borrower to perform its obligations under this Agreement shall constitute a failure by all of the Borrowers.
Borrower’s Rights and Obligations. 1. The Borrower has the right to get and use the loan according to this contract.
Borrower’s Rights and Obligations. 13.1 The Borrower has the right to:
Borrower’s Rights and Obligations. 1 The Borrower shall obtain and use the amount of loans in accordance with terms stipulated in this agreement.
Borrower’s Rights and Obligations. 18. The borrower shall use the loan for the purpose agreed in the contract, and shall not misappropriate the loan under the contract for other purposes or use the loan for illegal and illegal transactions. If the borrower fails to use the loan for the agreed purpose, the lender may stop issuing the loan, recover the loan in advance or terminate the contract, and the borrower shall cooperate with and accept the lender’s control over its production, operation Inspection and supervision of financial activities and the use of loans under the contract.
Borrower’s Rights and Obligations. 1. The Borrower is entitled to draw down the facility and use the facility funds in accordance with the agreement.
Borrower’s Rights and Obligations. 8.1 Borrower shall complete all procedures to effectuate the pledge within 30 days.
Borrower’s Rights and Obligations. The Borrower undertakes to use the Subject of rental duly and in conformity with the ordinary purpose of its use and in conformity with the operating rules, namely: • Protect the subject of rental against any damage, destruction or loss; should the Borrower violate this obligation, they will be obliged to reimburse the damage incurred; • The Borrower must not leave the Subject of rental for another person to use. The Borrower undertakes to report any damage or loss to the Subject of rental immediately to the Lender. Should they fail to abide by this obligation, the Borrower shall be held responsible to the Lender for any damage incurred to the Lender due to their failure. The Lender has instructed the Borrower on how to use the Subject of rental. The Lender shall not be held responsible for any damage incurred to the Borrower or other persons using the Subject of rental with the Borrower’s consent due to any use of the Subject of rental or in connection therewith. The Borrower hereby explicitly acknowledges that the Lender is not an operator of the exercise machines and equipment included in the Subject of rental and therefore does not accept any liability towards the Borrower for any damage to health or property incurred in connection to the Subject of rental.
Borrower’s Rights and Obligations. 1. The Allocated Amount shall be made available by the Borrower to each LGU, that proposes to carry out an ADP under Parts A(1), A(3) and B of the Project, as a mix of grant and loan, provided that (a) the minimum contribution (in cash or kind) from each LGU shall not be less than ten percent (10%) of total cost of said LGU’s ADP; and the loan portion, if any, shall be for a term not exceeding 15 years at a rate of interest equal to fourteen percent (14%) per annum, as such term and rate of interest may be amended from time to time by resolution of the MDFO Policy Governing Board.
Borrower’s Rights and Obligations. 6.1. The Borrower shall have the right:
