Liability to be Joint and Several. In cases where the Loan is provided to more than one Borrower notwithstanding anything stated herein, the liability of the Borrower/s to pay / repay the Outstanding Amounts and to observe the terms and conditions of this Agreement, the Transaction Documents and / or any other documents, deeds, writings, that may be executed by the Borrower/s with the Lender, in respect of the Loan or any other loan/s with the Lender and / or its affiliates, is joint and several and the Borrower/s shall not be discharged or released by intermediate payment or settlement of accounts by them, unless all the Outstanding Amounts are fully paid / repaid to the satisfaction of the Lender.
Appears in 10 contracts
Samples: Loan Agreement, Loan Agreement, Loan Agreement
