Principal Debtor definition

Principal Debtor means the natural person or juristic entity whose name appears on the Credit PRINCIPAL DEBTOR Application and subsequent statement or delivery note;
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Principal Debtor means a person in respect of whose default a guarantee is given.
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Principal Debtor means New Zealand Local Government Funding Agency Limited, a company incorporated in New Zealand.
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Examples of Principal Debtor in a sentence

  • The Principal Debtor shall immediately give notice to the Crown of any Default Event or any circumstance or event which, with the passage of time, the giving of notice or the taking of any other action would, or would be likely to, constitute or give rise to a Default Event.

  • If the Crown for any other reason considers it appropriate to do so, it may withdraw the Crown Guarantee by written notice to the Principal Debtor.

  • P.2. Sole Principal Debtor As between the Morgan Stanley Companies, but without affecting the Client's obligations, each Morgan Stanley Company will be liable to each of the other Morgan Stanley Companies as if it were the sole principal debtor and not merely a surety.

  • The Principal Debtor represents and warrants to the Crown that it is duly authorised to execute and deliver this Deed, and that upon execution of this Deed by it and the Crown it will constitute the legal, valid and binding obligations of the Principal Debtor enforceable against the Principal Debtor in accordance with its terms.

  • The Bank also agree that the OWNER/PUCHASER at its option shall be entitled to enforce this Guarantee against the Bank as a Principal Debtor, in the first instance without proceeding against the SELLER and not withstanding any security or other guarantee that the OWNER/PURCHASER may have in relation to the SELLER’s liabilities.


More Definitions of Principal Debtor

Principal Debtor means, at any time, any Person any of whose obligations are at that time guaranteed by Thomson-Reuters;
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Principal Debtor. The Guarantor's obligations under this Guarantee are: (a) principal obligations and may be enforced against the Guarantor without the Beneficiary being required to exhaust any remedy it may have against the Debtor or to enforce any security the Beneficiary may hold with respect to the Guaranteed Money; and (b) unconditional and irrevocable.
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Principal Debtor means, at any time, any Person any of whose obligations are at that time guaranteed by P&O Princess;
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Principal Debtor means a person in respect of whose default a guarantee is given. 69. Right of indemnity holder when sued‌A promisee in a contract of indemnity, acting within the scope of his or her authority is entitled to recover from a promisor—
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Principal Debtor means the natural person or juristic entity whose name appears on the Customer Credit Application and subsequent statement or delivery note;
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Principal Debtor means, at any time, any Person any of whose obligations are at that time guaranteed by Carnival;
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Principal Debtor means TSW International Inc of 0000 Xxxxx Xxxxx Xxxxxxx, Xxxxxxx, XX00000
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