Common use of Joint and Several Liability of the Borrowers Clause in Contracts

Joint and Several Liability of the Borrowers. Each request by the Borrower Representative for a Borrowing shall be deemed to be a joint and several request by all of the Borrowers. Each Borrower acknowledges and agrees that the Lender is entering into this Agreement at the request of each Borrower and with the understanding that each Borrower is and shall remain fully liable, jointly and severally, for payment in full of all of the Obligations.

Appears in 2 contracts

Samples: Credit Agreement, Credit Agreement (Peabody Energy Corp)

AutoNDA by SimpleDocs

Joint and Several Liability of the Borrowers. Each request by the Borrower Representative Parent for a Borrowing Borrowing, Continuation or Conversion of any Loan shall be deemed to be a joint and several request by all of the Borrowers. Each Borrower acknowledges and agrees that the Lender is Lenders are entering into this Agreement at the request of each Borrower and with the understanding that each Borrower is and shall remain fully liable, jointly and severally, for payment in full of all of the Obligations.

Appears in 1 contract

Samples: Credit Agreement (Nautical Miles Inc.)

Joint and Several Liability of the Borrowers. Each request by the Borrower Representative Borrowers for a Borrowing Borrowing, Continuation or Conversion of any Loan shall be deemed to be a joint and several request by all of the Borrowers. Each Borrower acknowledges and agrees that the Lender is Lenders are entering into this Agreement at the request of each Borrower and with the understanding that each Borrower is and shall remain fully liable, jointly and severally, for payment in full of all of the Obligations.

Appears in 1 contract

Samples: Credit Agreement (Par Pacific Holdings, Inc.)

AutoNDA by SimpleDocs

Joint and Several Liability of the Borrowers. (a) Each request by the Borrower Representative for a Borrowing Borrowing, Continuation or Conversion of any Loan shall be deemed to be a joint and several request by all of the Borrowers. Each Borrower acknowledges and agrees that the Lender is Lenders are entering into this Agreement at the request of each Borrower and with the understanding that each Borrower is and shall remain fully liable, jointly and severally, for payment in full of all of the Obligations.

Appears in 1 contract

Samples: Credit Agreement (Ico Inc)

Time is Money Join Law Insider Premium to draft better contracts faster.