Full Recourse; Payments Sample Clauses
The 'Full Recourse; Payments' clause establishes that the borrower is fully liable for repaying the entire debt, without limitation or restriction on the lender’s ability to seek repayment from any of the borrower’s assets. In practice, this means that if the borrower defaults, the lender can pursue all available legal remedies to recover the outstanding amounts, rather than being limited to specific collateral or assets. This clause ensures that the lender has maximum protection and recourse, addressing the risk of non-payment by holding the borrower personally and fully accountable for the debt.
Full Recourse; Payments. The Loan shall be full recourse against Borrower. All amounts payable by Borrower on or with respect to the Loan, or pursuant to the terms of any other Loan Documents, shall be paid in lawful money of the United States of America to Lender at Central Note Department, ▇.▇. ▇▇▇ ▇▇▇, ▇▇▇▇▇▇▇▇, ▇▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇–0518, in same day funds, not later than 11:00 a.m. (Pacific time) on the date due.
Full Recourse; Payments. The Loan shall be full recourse against Borrower. All amounts payable by Borrower on or with respect to the Loan, or pursuant to the terms of any other Loan Documents, shall be paid in lawful money of the United States of America to Lender in same day funds, not later than 2:00 p.m., California time on the date due.
Full Recourse; Payments. The Loan shall be full recourse against Borrower. All amounts payable by Borrower on or with respect to the Loan, or pursuant to the terms of any other Loan Documents, shall be paid in lawful money of the United States of America to Lender at ▇▇ ▇▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇, MC 4770, ▇▇▇ ▇▇▇▇, ▇▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇, in same day funds, not later than 11:00 a.m. (California time) on the date due.