Common use of Multiple Borrowers Clause in Contracts

Multiple Borrowers. If two or more borrowers sign this Agreement, each will be jointly and severally obligated to repay the Bank in full.

Appears in 3 contracts

Sources: Business Loan Agreement (Motorcar Parts & Accessories Inc), Loan Agreement (Wynn Stephen A), Loan Agreement (Wynn Stephen A)

Multiple Borrowers. If two or more borrowers sign this Agreement, each will be jointly and severally individually obligated to repay the Bank in full, and all will be obligated together.

Appears in 3 contracts

Sources: Loan Agreement (Fresh America Corp), Business Loan Agreement (Fresh America Corp), Business Loan Agreement (Quidel Corp /De/)

Multiple Borrowers. If two or more borrowers Borrowers sign this Agreement, each will be jointly and severally individually obligated to repay the Bank in full, and all Borrowers will be obligated together.

Appears in 1 contract

Sources: Loan Agreement (Arden Group Inc)

Multiple Borrowers. If two or more borrowers Borrowers sign this Agreement, each will be jointly and severally individually obligated to repay the Bank in full, and all will be obligated together.

Appears in 1 contract

Sources: Business Loan Agreement (Medical Science Systems Inc)

Multiple Borrowers. If two or more borrowers sign this Agreement, each will be jointly and severally individually obligated to repay the Bank in full, and all will be obligated together.

Appears in 1 contract

Sources: Commercial Loan Agreement (Arlen Corp)

Multiple Borrowers. If two or more borrowers sign this Agreementagreement, each will be jointly and severally individually obligated to repay the Bank in full, and all will be obligated together.

Appears in 1 contract

Sources: Business Line of Credit Agreement (Pacific Softworks Inc)