More than one Customer. Where there is more than one person referred to in this Agreement as a Customer: (a) a reference to a Customer is a reference to each Customer severally as well as to both or all Customers jointly; (b) when used with reference to a Customer; Collateral, Other Property, Personal Property and Real Property (as the case may be) means the Collateral, Other Property, Personal Property and Real Property (as the case may be) of that Customer and, when used without reference to a particular Customer, means the Collateral, Other Property, Personal Property and Real Property (as the case may be) of each and of all the Customers; (c) this Agreement binds both or all Customers jointly and each severally; and (d) where any Secured Amounts comprises indebtedness of one Customer alone or of some, but not all, of the Customers (principal indebtedness), then each Customer is nevertheless jointly and severally liable for, and in relation to, the principal indebtedness and that principal indebtedness is secured by all the Collateral of each Customer.
Appears in 4 contracts
Samples: Security Agreement, Security Agreement, Security Agreement
