Principal debtors Sample Clauses

Principal debtors. Each Borrower declares that it is and will, throughout the Security Period, remain a principal debtor for all amounts owing under this Agreement and the Finance Documents and no Borrower shall in any circumstances be construed to be a surety for the obligations of any other Borrower under this Agreement.
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Principal debtors. Each of the Account Parties declares that it is and will, throughout the Security Period, remain a principal debtor for the payment of the Outstanding Indebtedness and none of the Account Parties shall in any circumstances be construed to be a surety for the obligations of any other Account Parties hereunder.
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