Common use of Multiple Borrowers Clause in Contracts

Multiple Borrowers. References to Borrowers wherever used in this Agreement, shall mean each and all of Borrowers and their respective successors and assigns, individually and collectively, jointly and severally, primarily and unconditionally. The liability of each Borrower hereunder shall be absolute, primary and unconditional, joint and several.

Appears in 2 contracts

Samples: Loan and Security Agreement (Nutritional Sourcing Corp), Loan and Security Agreement (Nutritional Sourcing Corp)

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Multiple Borrowers. References to Borrowers Borrower wherever used in this Agreement, shall mean each and all of Borrowers Borrowers, if more than one and their respective successors and assigns, individually and collectively, jointly and severally, primarily and unconditionally. The liability of each Borrower hereunder shall be absolute, primary and unconditional, joint and several.

Appears in 2 contracts

Samples: Loan and Security Agreement (Inyx Inc), Loan and Security Agreement (Inyx Inc)

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Multiple Borrowers. References to Borrowers wherever used in this Extension Agreement, shall mean each and all of Borrowers and their respective 158 successors and assigns, individually and collectively, jointly and severally, primarily and unconditionally. The liability of each Borrower hereunder shall be absolute, primary and unconditional, joint and several.

Appears in 1 contract

Samples: Extension and Modification and Security Agreement (Nutritional Sourcing Corp)

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