Common use of Individual Liability Clause in Contracts

Individual Liability. If the Borrower is a natural person, the Bank may proceed against the Borrower's business and non-business property in enforcing this and other agreements relating to this loan. If the Borrower is a partnership, the Bank may proceed against the business and non-business property of each general partner of the Borrower in enforcing this and other agreements relating to this loan.

Appears in 9 contracts

Samples: Loan Agreement (Lifeloc Technologies, Inc), Loan Agreement (Lifeloc Technologies, Inc), Loan Agreement (Tel Instrument Electronics Corp)

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Individual Liability. If the Borrower is a natural person, the Bank may proceed against the Borrower's ’s business and non-business property in enforcing this and other agreements relating to this loan. If the Borrower is a partnership, the Bank may proceed against the business and non-business property of each general partner of the Borrower in enforcing this and other agreements relating to this loan.

Appears in 8 contracts

Samples: Loan Agreement (Software Acquisition Group Inc.), Loan Agreement (Cumberland Pharmaceuticals Inc), Loan Agreement (American Locker Group Inc)

Individual Liability. If the Borrower is a natural person, the Bank Lender may proceed against the Borrower's ’s business and non-business property in enforcing this and other agreements relating to this loan. If the Borrower is a partnership, the Bank Lender may proceed against the business and non-business property of each general partner of the Borrower in enforcing this and other agreements relating to this loan.

Appears in 2 contracts

Samples: Loan Agreement (Stryve Foods, Inc.), Loan Agreement (Stryve Foods, Inc.)

Individual Liability. If the Borrower is a natural person, the Bank may proceed against the Borrower's ’s business and non-business property in enforcing this Agreement and other agreements relating to this loan. If the Borrower is a partnership, the Bank may proceed against the business and non-business property of each general partner of the Borrower in enforcing this Agreement and other agreements relating to this loan.

Appears in 1 contract

Samples: Loan Agreement (R F Industries LTD)

Individual Liability. If the Borrower is a natural person, the Bank may proceed against the Borrower's business and non-non - business property in enforcing this Agreement, the Note and other agreements relating to this loan. If the Borrower is a partnership, the Bank may proceed against the business and non-non - business property of each general partner of the Borrower in enforcing this Agreement, the Note and other agreements relating to this loan. 10.

Appears in 1 contract

Samples: Exhibit 10.9 (BurgerFi International, Inc.)

Individual Liability. If the a Borrower is a natural person, the Bank may proceed against the such Borrower's business and non-business property in enforcing this and other agreements relating to this loan. If the a Borrower is a partnership, the Bank may proceed against the business and non-business property of each general partner of the such Borrower in enforcing this and other agreements relating to this loan.

Appears in 1 contract

Samples: Loan Agreement (Mexco Energy Corp)

Individual Liability. If the any Borrower is a natural person, the Bank may proceed against the such Borrower's ’s business and non-business property in enforcing this Agreement, the Note and other agreements relating to this loan. If the any Borrower is a partnership, the Bank may proceed against the business and non-business property of each general partner of the such Borrower in enforcing this Agreement, the Note and other agreements relating to this loan.

Appears in 1 contract

Samples: Loan Agreement (Premier Exhibitions, Inc.)

Individual Liability. If the Borrower is a natural person, the Bank may proceed against the Borrower's business and non-business property in enforcing this Agreement, the Note and other agreements relating to this loan. If the Borrower is a partnership, the Bank may proceed against the business and non-business property of each general partner of the Borrower in enforcing this Agreement, the Note and other agreements relating to this loan.

Appears in 1 contract

Samples: Loan Agreement (HF Foods Group Inc.)

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Individual Liability. If the Borrower is a natural person, the Bank may proceed against the Borrower's ’s business and non-business property in enforcing this and other agreements relating to this loanLoan. If the Borrower is a partnership, the Bank may proceed against the business and non-business property of each general partner of the Borrower in enforcing this and other agreements relating to this loanLoan.

Appears in 1 contract

Samples: Real Estate Loan Agreement (Diversified Restaurant Holdings, Inc.)

Individual Liability. If the Borrower is a natural person, the Bank may proceed against the Borrower's ’s business and non-business property in enforcing this and other agreements relating to this loanLoan. If the Borrower is a partnership, the Bank may proceed against the business and non-business property of each general partner of the Borrower in enforcing this and other agreements relating to this loan.Loan. 10.8

Appears in 1 contract

Samples: Real Estate Loan Agreement

Individual Liability. If the Borrower is a natural person, the Bank may proceed against the Borrower's business and non-business property in enforcing this Agreement and other agreements relating to this loan. If the Borrower is a partnership, the Bank may proceed against the business and non-business property of each general partner of the Borrower in enforcing this Agreement and other agreements relating to this loan.

Appears in 1 contract

Samples: Loan Agreement (Lakeland Industries Inc)

Individual Liability. If the any Borrower is a natural person, the Bank may proceed against the Borrower's ’s business and non-business property in enforcing this and other agreements relating to this loan. If the Borrower is a partnership, the Bank may proceed against the business and non-business property of each general partner of the Borrower in enforcing this and other agreements relating to this loan.

Appears in 1 contract

Samples: Bridge Loan Agreement (Diversified Restaurant Holdings, Inc.)

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