Examples of Joint and Several Obligor in a sentence
If the Borrower or the Joint and Several Obligor does not pay the principal sum of the Credit pursuant to the specifications in this Agreement, the interest thereon, or any fees, costs, expenses, or ancillary charges that are incurred pursuant to this Agreement, except for reasons solely attributable to the Trustee, provided that there are sufficient funds in the Trust.
Authorize the Credit Agent, through the credit information company, to determine, obtain, analyze and use credit information on the Joint and Several Obligor, with the understanding that the Credit Agent shall be solely responsible for the costs incurred in the determination, obtaining, analysis and use of that credit information.
The Lenders, through the Credit Agent, shall deliver to the Borrower and/or the Joint and Several Obligor the tax vouchers with all the requirements set by the tax laws, covering the payments for fees, ordinary interest, late payment interest and any other item relating to the transaction contained in this Agreement, as well as the respective Value Added Tax that, where applicable, is generated by those payments.[seal:]LIC.
Based on the representations of the Borrower and the Joint and Several Obligor, it is prepared to extend the Credit that is the subject matter of this Agreement up to an amount equivalent to the Share (as this term is defined below) of Bancomext, pursuant to the terms and conditions stipulated in this Agreement.
If any of the Joint and Several Obligor’s representations is false, inaccurate or incomplete in any important aspect, or if any information furnished to the Credit Agent or the Lenders by the Joint and Several Obligor pursuant to the terms of this Agreement is intentionally false, inaccurate or incomplete in any important aspect.
Notify the Credit Agent, within five Business Days from the day on which it has received notification of the existence of any action, litigation or labor conflict that substantially and negatively affects or might foreseeably come to affect the financial position of the Joint and Several Obligor.
If the proceeds from the collection of the Collection Rights deriving from the Assembly Agreement are insufficient to reach the amount corresponding to the Minimum Collection that must enter the Trust Assets, pursuant to the terms of the Trust Agreement, and the Joint and Several Obligor breaches its obligation to contribute the Minimum Flow to the Trust Assets.
All the payments that the Borrower and/or the Joint and Several Obligor must make to the Lenders pursuant to the provisions in this Agreement and the other Transaction Documentation must be made free and clear of any deductions, except for those obligations currently contained in the tax laws, or as modified in the future, and that require the Borrower and/or the Joint and Several Obligor to make any withholding of taxes, levies, contributions or similar charges on those payments.
If any record, permit, license or concession is cancelled, revoked, modified or seized and consequently might have a substantial and adverse effect on the Joint and Several Obligor’s financial position and places at risk the ability of the Joint and Several Obligor to meet its obligations pursuant to the provisions in this Agreement, and that situation and its effects are not corrected within a period of one hundred twenty calendar days from the date of its occurrence.
If the Joint and Several Obligor does not allow the Independent Supervisor to carry out its duties pursuant to the provisions in this Agreement.