Common use of Multiple Borrowers Clause in Contracts

Multiple Borrowers. If there is more than one Borrower, each Borrower has joint and several liability. (That means we can xxx all Borrowers together, or any Borrower alone, for the full amount owed to us.)

Appears in 3 contracts

Samples: Home Loan Agreement (Revolving Credit), Home Loan Agreement, Home Loan Agreement

AutoNDA by SimpleDocs

Multiple Borrowers. If there is more than one Borrower, each Borrower has joint and several liability. (( That means we can xxx sue all Borrowers together, or any Borrower alone, for the full amount owed to us.)

Appears in 1 contract

Samples: Home Loan Agreement

AutoNDA by SimpleDocs

Multiple Borrowers. If there is more than one Borrower, each Borrower has joint and several liability. (That means we can xxx sue all Borrowers together, or any Borrower alone, for the full amount owed to us.)

Appears in 1 contract

Samples: Home Loan Agreement (Revolving Credit)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!