Borrower Name Sample Clauses
The 'Borrower Name' clause identifies the individual or entity that is borrowing funds or assuming obligations under the agreement. This clause typically specifies the full legal name of the borrower, ensuring there is no ambiguity about who is responsible for repaying the loan or fulfilling the contract's terms. By clearly designating the borrower, the clause helps prevent confusion or disputes regarding liability and ensures that all parties understand who holds the primary obligations under the agreement.
Borrower Name. The parties acknowledge and agree that all references to “Borrower” in the Third Renewal Note shall mean STELLAR BANCORP, INC., a Texas corporation, f/k/a CBTX, Inc.
Borrower Name. The parties acknowledge and agree that all references to “Borrower” in the Second Amended Loan Agreement, shall mean STELLAR BANCORP, INC., a Texas corporation, f/k/a CBTX, Inc.
Borrower Name. The Party who shall receive and repay the loaned amount according to the conditions of this agreement must be identified as the Borrower. The first line of the “Borrower” statement in this section should be supplied with his or her full name. Bear in mind, that while this type of loan can occasionally be engaged between two informal Parties, this agreement is a legal document and will require the full name of the Borrower as it appears on his or her Government-issued identification (i.e. Passport, Driver’s License, State I.D., etc.).
Borrower Name. Collateral (CUSIP’s) The Subject Borrower hereby consents to the acceptance of the Collateral set forth above (the “Subject Collateral”) in full satisfaction of the Obligations secured thereby (the “Subject Obligations”). Upon the effectiveness of this Collateral Surrender in accordance with Section 13.3 of the MLSA, the Subject Borrower acknowledges that all of its right, title and interest in the Subject Collateral shall be transferred to Lender. The Subject Borrower represents and warrants to Lender that, as of the date of effectiveness of the Collateral Surrender contemplated hereby, the Subject Collateral is free of any Adverse Claim, except as created under the Lending Agreement. The Subject Borrower hereby acknowledges and agrees that effectiveness of the Collateral Surrender contemplated hereby shall not (x) discharge any Obligation that the Subject Borrower may have to Lender pursuant to the MLSA other than the Subject Obligations or (y) affect any right of recourse against the Subject Borrower that Lender may have pursuant to Section 17.0 of the MLSA or as a result of a breach of the representation and warranty set forth in the preceding paragraph (which representation and warranty shall survive effectiveness of the Collateral Surrender contemplated hereby). The Subject Borrower and the Applicable Primary Dealer party hereto each hereby consent to the assignment by Lender to any purchaser of the Subject Collateral following the effectiveness of the Collateral Surrender contemplated hereby of (i) the representations and warranties of the Subject Borrower and the Applicable Primary Dealer under the Lending Agreement and (ii) the rights of recourse against the Subject Borrower and the Applicable Primary Dealer under Section 17.0 of the MLSA as if the Subject Obligations had been owed to such purchaser. The undersigned Primary Dealer represents and warrants to Lender that (x) it has duly authorized, executed and delivered this Collateral Surrender and Acceptance Notice and (y) it has been duly authorized by the Subject Borrower to execute and deliver this Collateral Surrender and Acceptance notice on the Subject Borrower’s behalf. [Signature page follows.] individual capacity and as the Subject Borrower’s Applicable Primary Dealer with respect the Loan set forth in the table above By: Name: The Bank of New York Mellon, as Custodian and Administrator QSR Administration ▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇▇▇, 4E New York, NY 10286 Att: ▇▇▇▇▇▇ ▇. Taylor Reference is made t...