Covenantor definition

Covenantor means the Person or Persons, if any, who execute this Mortgage as “Covenantor” and their respective heirs, personal representatives, successors or permitted assigns, as the case may be;

Covenantor means any person who has executed the Mortgage Form as a covenantor or who, as a covenantor, has otherwise covenanted in writing to pay the Principal Amount, interest thereon and all other monies owing to the Lender under this Mortgage.

Covenantor wherever used in this Mortgage shall include the heirs, executors, personal representatives, administrators, successors and assigns of the Borrower, the Lender and the Covenantor, respectively, and wherever the singular or masculine is used throughout this Mortgage the same shall be construed as meaning the plural or the feminine or body corporate or politic where the context so require. All covenants, liabilities, and obligations of the Borrower and Covenantor under this Mortgage shall be equally binding upon his, hers, its or their heirs, executors, personal administrators, successors and assigns, respectively, and that all such covenants, liabilities, advantages, privileges, immunities, powers and things hereby secured to the Lender shall be equally secured to and exercisable by its successors and assigns. If the Borrower or Covenantor is comprised of more than one person the covenants on the part of the Borrower and the Covenantor, respectively, herein contained shall be joint and several covenants.

Examples of Covenantor in a sentence

• The Licensee shall obtain any undertaking required to be procured for the purpose of paragraph 1 within 7 days of a company or other person becoming an ultimate controller of the Licensee and shall ensure that any such undertaking remains in force for as long as the Covenantor remains the ultimate controller of the Licensee.

• If there is more than one Covenantor, the covenants herein contained shall be joint and several.

• No extension of time given by the Lender to the Borrower, or anyone claiming under the Borrower, or any other dealing with the owner of the equity of redemption of the Lands shall in any way affect or prejudice the rights of the Lender against the Borrower, the Covenantor or any other person liable for the payment of the monies secured by this Mortgage.

• The Borrower, Covenantor or any other persons liable for the payment of monies secured by this Mortgage agree to be bound by any such agreement, whether oral or in writing, to amend, renew or extend this Mortgage.

• If the Borrower or Covenantor is comprised of more than one person the covenants on the part of the Borrower and the Covenantor, respectively, herein contained shall be joint and several covenants.

More Definitions of Covenantor

Covenantor means any of them.

Covenantor means, in relation to an indemnity, the person undertaking to indemnify the Beneficiary; and

Covenantor means the Person or Persons, if any, who execute the Mortgage Form and agree to be bound by the terms and conditions of this Mortgage as “Covenantor” and their respective heirs, personal representatives, successors or permitted assigns, as the case may be;

Covenantor means any of the Covenantors.

Covenantor means any person who has executed this Mortgage as a covenantor or who, as a covenantor, has otherwise covenanted in writing to pay the Principal Amount, interest thereon and all other monies owing to the Lender under this Mortgage.

Covenantor means the person or persons, if any, who signed the Mortgage Form as covenantor and the heirs, personal representatives, successors and assigns of the Covenantor;

Covenantor any “Obligor” or any “Party” shall be construed so as to include its successors in title, permitted assigns and permitted transferees;