Common use of OBLIGATIONS OF PERSONS Clause in Contracts

OBLIGATIONS OF PERSONS. UNDER THIS NOTE If more than one person signs this Note, each person is fully and personally obligated to keep all of the promises made in this Note, including the promise to pay the full amount owed. Any person who is a guarantor, surety or endorser of this Note is also obligated to do these things. Any person who takes over these obligations, including the obligations of a guarantor, surety or endorser of this Note, is also obligated to keep all of the promises made in this Note. The Note Holder may enforce its rights under this Note against each person individually or against all of us together. This means that any one of us may be required to pay all of the amounts owed under this Note.

Appears in 4 contracts

Samples: Promissory Note, Adjustable Rate Note (Scheid Vineyards Inc), Agreement to Purchase and Sell Partnership Interests (Liberty Housing Partners LTD Partnership)

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OBLIGATIONS OF PERSONS. UNDER THIS NOTE If more than one person or entity signs this Note, each person or entity is fully and personally obligated to keep all of the promises made in this Note, Note including the promise to pay the full amount owed. Any person or entity who is a guarantor, surety or endorser of this Note is also obligated to do these things. Any person or entity who takes over these obligations, including the obligations of a guarantor, surety or endorser of this Note, is also obligated to keep all of the promises made in this Note. The Note Holder Noteholder may enforce its rights under this Note against each person individually or against all of us persons or entities together. This means that means that any one of us person or entity signing may be required to pay all of the amounts owed under this Note.

Appears in 1 contract

Samples: Secured Note (Locateplus Holdings Corp)

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OBLIGATIONS OF PERSONS. UNDER THIS NOTE If more than one person signs this Note, each person is fully and personally obligated to keep all of the promises made in this Note, including the promise to pay the full amount owed. Any person who is a guarantor, surety or endorser of this Note is also obligated to do these things. Any person who takes over these obligations, including the obligations of a guarantor, surety or endorser of this Note, is also obligated to keep all of the promises made in this Note. The Note Holder may enforce its rights under this Note against each person individually or against all of us together. This means that any one of us may be required to pay all of the amounts owed under this Note.

Appears in 1 contract

Samples: Loan Agreement (Freedom Financial Corporation/In/)

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