Common use of Full Recourse Clause in Contracts

Full Recourse. Anything in this Note to the contrary notwithstanding, the Payor hereunder shall be liable on this Note for the full amount of the principal and interest due pursuant to this Note.

Appears in 10 contracts

Sources: Convertible Note (Oiltek, Inc.), Convertible Note (Oiltek, Inc.), Convertible Note (Oiltek, Inc.)

Full Recourse. Anything in this Note to the contrary notwithstanding, the Payor hereunder shall be liable on this Note for the full amount of the principal principal, interest and interest due all obligations pursuant to this Note.

Appears in 6 contracts

Sources: Convertible Note (IPOWorld), Convertible Note (Us Natural Gas Corp), Convertible Note (Us Natural Gas Corp)

Full Recourse. Anything in this Promissory Note to the contrary notwithstanding, the Payor hereunder shall be liable on this the Promissory Note for the full amount of the interest and principal and interest due pursuant to under this Promissory Note.

Appears in 1 contract

Sources: Stock Purchase Agreement (Canterbury Consulting Group Inc)

Full Recourse. Anything in this Note to the contrary notwithstanding, the Payor hereunder shall be liable on this Note for the full amount of the principal and any accrued interest due pursuant to this Note.

Appears in 1 contract

Sources: Convertible Note (Nostalgia Family Brands, Inc.)

Full Recourse. Anything in this Promissory Note to the contrary notwithstanding, the Payor hereunder shall be liable on this the Promissory Note for the full amount of the interest and principal and interest due pursuant to this Promissory Note.

Appears in 1 contract

Sources: Merger Agreement (Western Power & Equipment Corp)

Full Recourse. Anything in this Note to the contrary notwithstanding, the Payor hereunder shall be liable on this Note for the full amount of the principal interest and interest Principal due pursuant to under this Note.

Appears in 1 contract

Sources: Senior Secured Note (Jupiter Marine International Holdings Inc/Fl)