Common use of Borrower’s Liability Clause in Contracts

Borrower’s Liability. The parties acknowledge that the rights and obligations (including the representations, warranties, agreements, breaches, liabilities, indemnities and Defaults) of the Borrowers under this Agreement are joint and several.

Borrower’s Liability. The parties acknowledge that the rights and obligations (including the representations, warranties, agreements, breaches, liabilities, indemnities and Defaults) of the Borrowers under this Agreement are joint and several and that the liability of the Borrowers is joint and several.