Common use of Multiple Borrowers Clause in Contracts

Multiple Borrowers. If more than one Person is named herein as the Borrower, all obligations, representations and covenants herein and in other Loan Documents to which the Borrower is a party shall be joint and several.

Appears in 8 contracts

Samples: Loan and Security Agreement (Vector Aeromotive Corp), Revolving Credit and Security Agreement (Nstor Technologies Inc), And Security Agreement (Continucare Corp)

AutoNDA by SimpleDocs

Multiple Borrowers. If more than one Person is named herein as the Borrower, all obligations, representations and covenants herein and in other Loan Documents to which the Borrower is a party shall be joint and several. 8.13.

Appears in 3 contracts

Samples: Share Purchase Agreement (American Dream International LTD), Share Purchase Agreement (Vector Aeromotive Corp), Share Purchase Agreement (Welty W R)

Multiple Borrowers. If more than one Person is named herein as the Borrower, all obligations, representations and covenants herein and in other Loan Documents to which the Borrower is a party shall be joint and several.

Appears in 2 contracts

Samples: Credit Agreement (Avatar Holdings Inc), Credit Agreement (Avatar Holdings Inc)

Multiple Borrowers. If more than one Person is named herein as the Borrower, then all obligations, representations and covenants herein in this Agreement and in other Loan Documents to which the Borrower is a party shall be joint and several.

Appears in 1 contract

Samples: Credit Agreement (Comstock Homebuilding Companies, Inc.)

AutoNDA by SimpleDocs

Multiple Borrowers. If more than one Person is named herein ------------------ as the Borrower, all obligations, representations and covenants herein and in other Loan Documents to which the Borrower is a party shall be joint and several.

Appears in 1 contract

Samples: Credit and Security Agreement (Pra International Inc)

Time is Money Join Law Insider Premium to draft better contracts faster.