Examples of Other Borrower Obligations in a sentence
Each Borrower hereby agrees that until the Termination Date, it shall not exercise any right or remedy arising by reason of any performance by it of any of its obligations hereunder, whether by subrogation or otherwise, against the Other Borrower Obligations or any security for any of the Other Borrower Obligations.
Each of the Borrowers hereby agrees that until the payment and satisfaction in full of all Other Borrower Obligations and the expiration and termination of the Commitments of the Lenders under this Agreement it shall not exercise any right or remedy arising by reason of any performance by it of any of its obligations hereunder, whether by subrogation or otherwise, against the Other Borrower Obligations or any security for any of the Other Borrower Obligations.
The Guarantee 88 Section 12.1. The Guarantee 88 Section 12.2. Guarantee Unconditional 89 Section 12.3. Discharge Only upon Payment in Full; Reinstatement in Certain Circumstances 90 Section 12.4. Subrogation 90 Section 12.5. Waivers 90 Section 12.6. Limit on Recovery 90 Section 12.7. Stay of Acceleration 90 Section 12.8. Benefit to Guarantor 91 Section 12.9. No Liability of Canadian Borrower for Other Borrower Obligations 91 SECTION 13.
The obligations of a Borrower under this Agreement, the Notes, the Credit Documents or any other agreement or instrument referred to herein or therein, shall be automatically reinstated if and to the extent that for any reason any payment by or on behalf of the other Borrowers in respect of the Other Borrower Obligations is rescinded or must be otherwise restored by any holder of any of the Other Borrower Obligations, whether as a result of any proceedings in a bankruptcy or reorganization or otherwise.
Notwithstanding anything to the contrary contained in this Section 2.6, upon the occurrence of an Event of Default, Lender, at its option, may withdraw the Reserve Funds and any other funds of Borrower then in the possession of Lender, Servicer or Property Account Bank and apply such funds to the items for which the Reserve Funds were established or to the payment of the Obligations and the Other Borrower Obligations in such order, proportion and priority as Lender may determine in its sole discretion.