Common use of Indivisible Obligations Clause in Contracts

Indivisible Obligations. The obligations of the Borrower are indivisible. Each person designated as the Borrower, the Borrower’s assignee, the Borrower’s successor and each of their heirs are obliged and may be compelled by the Lender to perform the obligations of the Borrower in their entirety.

Indivisible Obligations. The obligations of the Borrower are indivisible. Each person designated as the Borrower, the Borrower’s assignee, the Borrower’s successor and each of their heirs are obliged and may be compelled by the Lender to perform the obligations of the Borrower in their entirety.