Advance to the Subsidiary. The Subsidiary shall with the Borrower be jointly and severally liable to the Lender for the repayment of the Principal Sum, together with any interest accrued thereon, all on the terms and conditions hereof and an advance of any monies by the Lender to either the Borrower or the Subsidiary shall be considered an advance to both of them.
Appears in 2 contracts
Sources: Loan Agreement (Rotoblock CORP), Loan Agreement (Rotoblock CORP)