Joint and Several Obligor definition

Joint and Several Obligor will have the meaning given to such term in the Preamble of this Agreement.
Joint and Several Obligor. Maxcom SF, S.A. de C.V.,
Joint and Several Obligor has the meaning given to it in the preamble to this Agreement.

Examples of Joint and Several Obligor in a sentence

  • Xxxx Xxxxxxx Xxxxxx Xxxxxxx and Xxxxxx Xxxxxxx Xxxxx, as joint and several obligor (the "Joint and Several Obligor").

  • On the date on which the Credit Drawdown is going to be made, the representations of the Borrower and the Joint and Several Obligor remain true and accurate, as if they had been made on that date, and therefore the Borrower and the Joint and Several Obligor undertake to notify the Credit Agent in writing of any event that affects or that simply with the passage of time might come to affect the validity or veracity of those representations.

  • In its capacity as Joint and Several Obligor, it also agrees to pay the Lender any and all expenses incurred by reason of this Agreement, as well as attorneys’ fees and expenses incurred by the Lender in connection with the collection or attempted collection of amounts owed by the Borrower to the Lender.

  • If, during the term of the Loan, there is any [illegible] that either the Borrower or the Joint and Several Obligor has incurred or is incurring an act of bribery, kickback, corruption, unlawful act, or non-compliance with anti-corruption provisions, this must be reported to the Lender immediately, as well as the measures or actions that will be implemented in this regard.

  • The foregoing, on the understanding that in the event that it is the Joint and Several Obligor who is under the circumstances described herein, the Borrower may propose the substitution of such Joint and Several Obligor and if accepted by the Creditors, it will not be considered as a cause for acceleration.

  • For the purposes of the joint and several obligation assumed herein, each Joint and Several Obligor agrees that the obligations of the Lessee under the Lease Documents are indivisible, hence each Joint and Several Obligor is liable for the aggregate Total Rent and other obligations of the Lessee under this Agreement, the Lease Exhibits, and the other Lease Documents.

  • In this case, the Borrower, the Joint and Several Obligor, and the Lender will agree on such new conditions in an amendment executed in accordance with the terms and conditions of this Agreement.

  • The Joint and Several Obligor shall refrain from merging, splitting, transforming, or modifying its purpose or object, or amending its bylaws without the prior written consent of the Creditors.

  • The Joint and Several Obligor agrees to perform any and all of its obligations under this Agreement, including but not limited to not encumbering, transferring, or otherwise disposing of the property declared in the financial information submitted to the Lender for the execution of this Agreement, without the prior written consent of the Lender, and further agrees to provide the Lender with all information required for the oversight and monitoring of the Loan.

  • The Lessee, the Joint and Several Obligor, and the Depositary may exercise, where appropriate, the rights of access, rectification, cancellation, or opposition provided in the Law, by written request submitted to the Lessor at its address.


More Definitions of Joint and Several Obligor

Joint and Several Obligor means Operadora Hotelera G.I., Sociedad Anónima de Capital Variable and, as from August 24, 2023, will also include any Adhering Joint and Several Obligors.
Joint and Several Obligor. Paseo de las Palmas 1270 (one thousand two hundred seventy), Col. Lomas de Chapultepec, Mxxxxx Xxxxxxx, C.P. 11000 (eleven thousand), Mexico City. Attention: Mxxxxx Xxxxx Xxxxx Email: mxxxxx@xxxxxx.xxx.xx Until the BORROWER and the JOINT AND SEVERAL OBLIGOR give the LENDER notice in writing of the change of its address, any notice or notification hereunder will be made at the addresses provided herein. Additionally, the "PARTIES" agree that the notifications or notices that "LENDER" must give, as provided herein, may be given via e-mail, followed by specialized courier or personal delivery, with acknowledgment of receipt, at the address and e-mail address indicated above; provided that these are in writing and considered validly given.

Related to Joint and Several Obligor

  • Joint and Several means if the Tenant is more than one person or entity forming the Tenant they are jointly and equally responsible for the payment of all Rent and liabilities or any breach of the obligations specified within the Tenancy Agreement during the Tenancy or any extension, or continuation of it as a fixed term or periodic tenancy. Individually each person forming the Tenant is responsible for payment of all rent and liabilities and compensation for any breach of the Tenancy Agreement.

  • Original Guarantors shall have the meaning assigned to such term in the Preamble hereof.

  • Additional Guarantors shall have the meaning assigned to such term in the Preamble hereof.

  • New Borrower means (a) each New Company that is a Company Borrower, and (b) each other Company (including a New Company) acting on behalf of, and for the account of, each Series thereof that is a New Fund.

  • Original Guarantor means the Persons identified as such in the first paragraph of this Indenture until a successor Person shall have become such pursuant to the applicable provisions of this Indenture, and thereafter each such successor Person shall be an “Original Guarantor”.

  • U.S. Guarantors means and include each U.S. Borrower (in its capacity as a guarantor under the U.S. Guaranty) and each U.S. Subsidiary Guarantor.

  • Additional Guarantor means a company which becomes an Additional Guarantor in accordance with Clause 25 (Changes to the Obligors).

  • Additional Borrower means a company which becomes an Additional Borrower in accordance with Clause 25 (Changes to the Obligors).

  • Foreign Guarantors means and includes each Foreign Borrower and each Foreign Subsidiary Guarantor.

  • Qualified ECP Guarantor means, in respect of any Swap Obligation, each Loan Party that has total assets exceeding $10,000,000 at the time the relevant Guarantee or grant of the relevant security interest becomes effective with respect to such Swap Obligation or such other person as constitutes an “eligible contract participant” under the Commodity Exchange Act or any regulations promulgated thereunder and can cause another person to qualify as an “eligible contract participant” at such time by entering into a keepwell under Section 1a(18)(A)(v)(II) of the Commodity Exchange Act.

  • Qualified ECP Loan Party means each Loan Party that on the Eligibility Date is (a) a corporation, partnership, proprietorship, organization, trust, or other entity other than a “commodity pool” as defined in Section 1a(10) of the CEA and CFTC regulations thereunder that has total assets exceeding $10,000,000, or (b) an Eligible Contract Participant that can cause another person to qualify as an Eligible Contract Participant on the Eligibility Date under Section 1a(18)(A)(v)(II) of the CEA by entering into or otherwise providing a “letter of credit or keepwell, support, or other agreement” for purposes of Section 1a(18)(A)(v)(II) of the CEA.

  • Initial Guarantors shall have the meaning set forth in the preamble.

  • U.S. Guarantor means a Guarantor whose jurisdiction of organisation is a state of the United States or the District of Columbia.

  • Canadian Guarantors means (i) each Canadian Borrower in its capacity as a guarantor under the Canadian Borrowers/Subsidiaries Guarantee and (ii) each other Canadian Subsidiary of Silgan.

  • Swap Guarantor If so specified in the Supplement with respect to any Series, the guarantor specified as such in such Supplement.

  • ABL Guarantors means the collective reference to (i) Holdings and each wholly owned Material Domestic Subsidiary (as defined in the ABL Credit Agreement) of the Borrower other than any Excluded Subsidiary (as defined in the ABL Credit Agreement), and (ii) any other Person who becomes a guarantor under any ABL Guaranty. The term “ABL Guarantors” shall include all “Guarantors” under and as defined in the ABL Credit Agreement.

  • Guarantors means Holdings and the Subsidiary Guarantors.

  • Parent Guarantors means the Company, Holdings I, Holdings II, Holdings III, Holdings IV and Holdings V.

  • U.S. Subsidiary Guarantors means (a) each Domestic Subsidiary (other than an Unrestricted Subsidiary) on the Closing Date and (b) each Domestic Subsidiary that becomes a party to the Guarantee after the Closing Date pursuant to Section 9.11.

  • Canadian Loan Parties means the Canadian Borrower and the Canadian Guarantors.

  • Wholly Owned Subsidiary Guarantor any Subsidiary Guarantor that is a Wholly Owned Subsidiary of the Borrower.

  • Original Borrower shall have the meaning set forth in the recitals hereto.

  • Limited Guarantor With respect to any Series (or Class within such Series), a Person specified in the related Supplement as providing a guarantee or insurance policy or other credit enhancement supporting the distributions in respect of such Series (or Class within such Series) as and to the extent specified in such Supplement.

  • Subsidiary Loan Agreements means the agreements to be entered into pursuant to Section 3.01 (b) of this Agreement, as the same may be amended from time to time, and such term includes all schedules to the Subsidiary Loan Agreements;

  • Parallel Debt has the meaning assigned to such term in Section 9.21.

  • Subsidiary Loan Parties means (a) the Subsidiaries identified on Schedule I and (b) each other Subsidiary that becomes a party to this Agreement as a Subsidiary Loan Party after the Effective Date.