Secondary obligor means an obligor to the extent that:
Secondary obligor means an obligor to the
Secondary obligor means an obligor to the extent that the obligor's obligation is secondary or the obligor has a right of recourse with respect to an obligation secured by collateral against the debtor, another obligor, or property of either.
More Definitions of Secondary obligor
Secondary obligor means an obligor to the extent that: (A) The obligor's obligation is secondary; or
Secondary obligor with respect to an instrument means an indorser, a drawer, or an accommodation party that has a right of recourse against a party obligated to pay the instrument.
Secondary obligor means an obligor to the extent that either of the following conditions are satisfied:
Secondary obligor means an obligor any portion of whose obligation is secondary.
Secondary obligor means an obligor to the 21 extent that: 22
Secondary obligor means each entity identified on Schedule I-(SO), as well as, subject to the final sentence of this definition, any other entity, other than a Primary Obligor, any Equity Interest (other than Equity Interests constituting Incidental Equity Interests) of or in which is owned by Borrower, any Primary Obligor or any other Secondary Obligor. Notwithstanding the foregoing, no Tier IV Company or Tier V Company or any Harbor Debtor shall constitute a Secondary Obligor.
Secondary obligor. As defined in Article 9, and any Obligor to the extent that (a) the Obligor's obligation is secondary, or (b) the Obligor has a right of recourse with respect to an obligation secured by Collateral against Debtor, another Obligor, or property of Debtor or another Obligor.