Common use of Multiple Borrowers Clause in Contracts

Multiple Borrowers. If two or more borrowers sign this Agreement, each will be individually obligated to repay the Bank in full, and all will be obligated together.

Appears in 3 contracts

Samples: Business Loan Agreement (Fresh America Corp), Business Loan Agreement (Quidel Corp /De/), Fresh America Corp

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Multiple Borrowers. If two or more borrowers sign this Agreement, each will be individually jointly and severally obligated to repay the Bank in full, and all will be obligated together.

Appears in 3 contracts

Samples: Loan Agreement (Wynn Stephen A), Business Loan Agreement (Motorcar Parts & Accessories Inc), Loan Agreement (Wynn Stephen A)

Multiple Borrowers. If there are two or more borrowers sign Borrowers under this Agreement, each will be individually obligated to repay the Bank in full, and all will be obligated together. The Bank may terminate the availability of credit under this Agreement if the Bank receives conflicting instructions from the Borrowers.

Appears in 3 contracts

Samples: Medical Science Systems Inc, Advanced Media Inc, Advanced Media Inc

Multiple Borrowers. If two or more borrowers Borrowers sign this Agreement, each will be individually obligated to repay the Bank in full, and all will be obligated together.

Appears in 1 contract

Samples: Agreement (Medical Science Systems Inc)

Multiple Borrowers. If two or more borrowers sign this Agreement, each will be individually obligated to repay the Bank in full, and all will be obligated together.

Appears in 1 contract

Samples: Commercial Loan Agreement (Arlen Corp)

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Multiple Borrowers. If two or more borrowers sign this Agreementagreement, each will be individually obligated to repay the Bank in full, and all will be obligated together.

Appears in 1 contract

Samples: Pacific Softworks Inc

Multiple Borrowers. If two or more borrowers Borrowers sign this Agreement, each will be individually obligated to repay the Bank in full, and all Borrowers will be obligated together.

Appears in 1 contract

Samples: Loan Agreement (Arden Group Inc)

Multiple Borrowers. If there are two or more borrowers sign Borrowers under this Agreement, each will be individually obligated to repay the Bank in full, and all will be obligated to repay the Bank in full, and all will be obligated together. The Bank may terminate the availability of credit under this Agreement if the Bank receives conflicting instructions from the Borrowers.

Appears in 1 contract

Samples: Agreement (Medical Science Systems Inc)

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