Common use of Primary Obligations Clause in Contracts

Primary Obligations. This Agreement is a primary and original obligation of each of the Borrowers and each of the Borrowers shall be liable for all existing and future Liabilities of any other Borrower as fully as if such Liabilities were directly incurred by such Borrower.

Appears in 14 contracts

Samples: Revolving Loan and Security Agreement (Diversicare Healthcare Services, Inc.), Revolving Loan and Security Agreement (Diversicare Healthcare Services, Inc.), Term Loan and Security Agreement (Diversicare Healthcare Services, Inc.)

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Primary Obligations. This Agreement is a primary and original obligation of each of the Borrowers Borrower and each of the Borrowers Borrower shall be liable for all existing and future Liabilities Obligations of any the other Borrower as fully as if such Liabilities Obligations were directly incurred by such Borrower.

Appears in 2 contracts

Samples: Loan Agreement (Broadway & Seymour Inc), Credit Agreement (Stormedia Inc)

Primary Obligations. This Agreement is a primary and original obligation of each of the Borrowers and each of the Borrowers shall be liable for all existing and future Liabilities Obligations of any other Borrower as fully as if such Liabilities Obligations were directly incurred by such Borrower.

Appears in 2 contracts

Samples: Loan Agreement (Regeneration Technologies Inc), Loan and Security Agreement (Sunlink Health Systems Inc)

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Primary Obligations. This Agreement is a primary and original obligation of each of the Borrowers and each of the Borrowers shall be liable for all existing and future Liabilities Obligations of any other Borrower or Affiliated Borrower as fully as if such Liabilities Obligations were directly incurred by such Borrower.

Appears in 1 contract

Samples: Loan Agreement (Tandem Health Care, Inc.)

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