Common use of Multiple Borrowers Clause in Contracts

Multiple Borrowers. If there are two or more 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

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Multiple Borrowers. If there are two or more Borrowers under borrowers sign 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: Business Loan Agreement (Fresh America Corp), Business Loan Agreement (Quidel Corp /De/), Fresh America Corp

Multiple Borrowers. If there are two or more Borrowers under this Agreement, each will individually obligated to repay the Bank in full, and all 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 1 contract

Samples: Agreement (Medical Science Systems Inc)

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Multiple Borrowers. If there are two or more Borrowers under this Agreement, each will be individually obligated to repay replay the Bank in full, 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 (Top Tier Software Inc)

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