JOINT AND SEVERAL OBLIGOR Sample Clauses

JOINT AND SEVERAL OBLIGOR. (a) Pursuant to Articles 1987, 1988 and other applicable articles of the CCF, and related articles of the civil codes of the other Mexican States, the Joint and Several Obligor is jointly and severally bound with the Borrower to the full and timely performance of each and every one of its obligations to pay sums of money under the Secured Documents, therefore, the Agent and the Creditors may demand the compliance of such obligations indistinctly from the Borrower and/or the Joint and Several Obligor, individually or jointly. Likewise, the Joint and Several Oxxxxxx agrees that the obligations of payment of sums of money of the Borrower before the Agent and the Creditors derived from the Secured Documents are indivisible in accordance with Article 2003 of the CCF, and related articles of the civil codes of the other States of Mexico.
Sample 1
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JOINT AND SEVERAL OBLIGOR. The person set forth in the Joint and Several Obligor Section of Exhibit 1 to this Agreement becomes jointly and severally obliged in respect of the performance of each and every of the obligations of Borrower in favor of Ixe Banco derived from this Agreement, being further obliged to execute the Disbursement Notices referred to in Clause 4 of this Agreement, in accordance with any Disbursements being made, as well as the promissory notes derived from this Agreement as guarantor (por aval).
Sample 1
JOINT AND SEVERAL OBLIGOR. The Guarantor represents and warrants to the company that the Guarantor is and will be joint and severally responsible with MIMI for compliance with each and all of MIMI's obligations under this Agreement.
Sample 1
JOINT AND SEVERAL OBLIGOR of (domicile): signed on their behalf by in their capacity as evidenced by Signing this POLICY-AGREEMENT on behalf of the INSURANCE COMPANY is Mr./Mrs. In their capacity as an acting capacity acknowledged by the other parties. Signature Signature CONTRACTING PARTY: of (domicile) signed on their behalf by in their capacity as evidenced by JOINT AND SEVERAL OBLIGOR: of (domicile): signed on their behalf by in their capacity as evidenced by
Sample 1

Related to JOINT AND SEVERAL OBLIGOR

  • Joint and Several Obligations THE OBLIGATIONS OF THE GUARANTORS HEREUNDER SHALL BE JOINT AND SEVERAL, AND ACCORDINGLY, EACH GUARANTOR CONFIRMS THAT IT IS LIABLE FOR THE FULL AMOUNT OF THE “GUARANTIED OBLIGATIONS” AND ALL OF THE OBLIGATIONS AND LIABILITIES OF EACH OF THE OTHER GUARANTORS HEREUNDER.

  • Joint and Several Obligation The obligations of the Guarantors under this Guaranty are joint and several obligations of each Guarantor and may be freely enforced against each Guarantor, for the full amount of the Guaranteed Obligations, without regard to whether enforcement is sought or available against any other Guarantor.

  • Joint and Several Obligations of Grantors (a) Each of the Grantors is accepting joint and several liability hereunder in consideration of the financial accommodations to be provided by the Lenders under the Credit Agreement, for the mutual benefit, directly and indirectly, of each of the Grantors and in consideration of the undertakings of each of the Grantors to accept joint and several liability for the obligations of each of them.

  • Joint and Several Obligations of Pledgors (a) Each of the Pledgors is accepting joint and several liability hereunder in consideration of the financial accommodation to be provided by the Lenders under the Credit Agreement, for the mutual benefit, directly and indirectly, of each of the Pledgors and in consideration of the undertakings of each of the Pledgors to accept joint and several liability for the obligations of each of them.

  • Several Obligations No Lender shall be responsible for the failure of any other Lender to make a Loan or to perform any other obligation to be made or performed by such other Lender hereunder, and the failure of any Lender to make a Loan or to perform any other obligation to be made or performed by it hereunder shall not relieve the obligation of any other Lender to make any Loan or to perform any other obligation to be made or performed by such other Lender.

  • Borrowings; Several Obligations Each Loan shall be made as part of a Borrowing consisting of Loans made by the Lenders ratably in accordance with their respective Commitments. The failure of any Lender to make any Loan required to be made by it shall not relieve any other Lender of its obligations hereunder; provided that the Commitments are several and no Lender shall be responsible for any other Lender’s failure to make Loans as required.

  • Several Obligations; No Liability Notwithstanding that certain of the Loan Documents now or hereafter may have been or will be executed only by or in favor of Agent in its capacity as such, and not by or in favor of the Lenders, any and all obligations on the part of Agent (if any) to make any credit available hereunder shall constitute the several (and not joint) obligations of the respective Lenders on a ratable basis, according to their respective Commitments, to make an amount of such credit not to exceed, in principal amount, at any one time outstanding, the amount of their respective Commitments. Nothing contained herein shall confer upon any Lender any interest in, or subject any Lender to any liability for, or in respect of, the business, assets, profits, losses, or liabilities of any other Lender. Each Lender shall be solely responsible for notifying its Participants of any matters relating to the Loan Documents to the extent any such notice may be required, and no Lender shall have any obligation, duty, or liability to any Participant of any other Lender. Except as provided in Section 15.7, no member of the Lender Group shall have any liability for the acts of any other member of the Lender Group. No Lender shall be responsible to any Borrower or any other Person for any failure by any other Lender (or Bank Product Provider) to fulfill its obligations to make credit available hereunder, nor to advance for such Lender (or Bank Product Provider) or on its behalf, nor to take any other action on behalf of such Lender (or Bank Product Provider) hereunder or in connection with the financing contemplated herein.

  • Joint and Several If there is more than one Tenant, the obligations imposed upon Tenant under this Lease shall be joint and several.

  • Obligations Joint and Several Should more than one person or entity sign this Note as a Borrower, the obligations of each such Borrower shall be joint and several.

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