Examples of Other Obligors in a sentence
Promptly upon request, such other data and information (financial and otherwise) as Agent, from time to time, may reasonably request, bearing upon or related to the Collateral or each Loan Party's and each Other Obligor's business or financial condition or results of operations.
Borrower agrees to obtain all information which Borrower considers appropriate or relevant to this Agreement from sources other than Bank and to become and remain at all times current and continuously apprised of all information concerning Other Obligors and any Collateral which is material and relevant to the Obligations of Borrower under this Agreement.
By: Name: Title: Chief Financial Officer Reference is made to the Loan and Security Agreement dated as of February 20, 2020 among Kaspien Inc., a Washington corporation (the “Borrower”, the other Loan Party Obligors and Other Obligors party thereto, the lenders party thereto as “Lenders” and Eclipse Business Capital LLC, as agent (“Agent”) for the Lenders (as amended, restated, supplemented or otherwise modified from time to time, the “Loan Agreement”).
Before executing this Deed of Trust, Grantor has made such independent legal and factual inquiries and investigations as Grantor deemed necessary or desirable with respect to the ability of Other Obligors to honor all of Other Obligors’ covenants and agreements with Beneficiary, and Grantor has relied solely on said independent inquiries and investigations preparatory to entering into this Deed of Trust.
Grantor waives all rights and defenses to enforcement of all or any part of the Obligations secured hereby which defenses are based on an election of remedies by Beneficiary, even though the election of remedies, such as nonjudicial foreclosure with respect to this Deed of Trust, will destroy Grantor’s rights of subrogation and reimbursement against Other Obligors by operation of Section 580d of the California Code of Civil Procedure.