Liability as Sole Principal Debtor. The Guarantor is liable under this Agreement as sole and principal debtor. This means each Guarantor is personally liable for repayment of the Amount Outstanding (even if the Borrower is not liable for some technical reason).
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Samples: Loan Agreement General Terms, Loan Agreement General Terms, Loan Agreement General Terms
Liability as Sole Principal Debtor. The Guarantor is liable under this the Agreement as sole and principal debtor. This means each Guarantor is personally liable for repayment of the Amount Outstanding (even if the Borrower is not liable for some technical reason).
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Samples: www.nbs.co.nz
Liability as Sole Principal Debtor. The Guarantor is liable under this Agreement as sole and principal debtor. This means each Guarantor is personally liable for liablefor repayment of the Amount Outstanding (even if the Borrower is not liable for some technical reasontechnicalreason).
Appears in 1 contract
