Common use of Nature of Obligations; Joint and Several Liability Clause in Contracts

Nature of Obligations; Joint and Several Liability. ▪ (a) The Borrowers agree that all Secured Obligations of each Borrower under or in respect of this Agreement or any other Loan Document shall be joint and several obligations of all the Borrowers.

Appears in 2 contracts

Samples: Credit Agreement (Astronics Corp), Credit Agreement (Astronics Corp)

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Nature of Obligations; Joint and Several Liability. (a) The Borrowers agree that all Secured Obligations of each Borrower under or in respect of this Agreement or any other Loan Document shall be joint and several obligations of all the Borrowers.

Appears in 2 contracts

Samples: Credit Agreement (IBEX LTD), Credit Agreement (Astronics Corp)

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