Common use of Multiple Borrowers Clause in Contracts

Multiple Borrowers. If there are two or more Borrowers under this Agreement, each will be individually obligated to repay the Bank in full, and all will be obligated together. The Bank may terminate the availability of credit under this Agreement if the Bank receives conflicting instructions from the Borrowers.

Appears in 3 contracts

Sources: Business Loan Agreement (Medical Science Systems Inc), Advantage Business Credit Line/Loan Agreement (Advanced Media Inc), Advantage Business Credit Line/Loan Agreement (Advanced Media Inc)

Multiple Borrowers. If there are two or more Borrowers under this Agreement, each will be individually obligated to repay replay the Bank in full, full and all will be obligated together. The Bank may terminate the availability of credit under this Agreement if the Bank receives conflicting instructions from the Borrowers.

Appears in 1 contract

Sources: Business Line Credit Agreement (Top Tier Software Inc)

Multiple Borrowers. If there are two or more Borrowers under this Agreement, each will individually obligated to repay the Bank in full, and all will be individually obligated to repay the Bank in full, and all will be obligated together. The Bank may terminate the availability of credit under this Agreement if the Bank receives conflicting instructions from the Borrowers.

Appears in 1 contract

Sources: Business Loan Agreement (Medical Science Systems Inc)