Joint Borrowing. In the event there are two or more persons jointly borrow money, any of the borrowers shall comply with the obligations hereunder, and assumes the joint and several liabilities to repay the full amount of loan. The Lender has the right to request any of the borrowers to repay the principal and interest that has not been repaid and other expenses that have not been paid.
Appears in 3 contracts
Sources: Loan/Security Contract (China BCT Pharmacy Group, Inc.), Loan/Security Contract (China BCT Pharmacy Group, Inc.), Loan/Security Contract (CHINA BAICAOTANG MEDICINE LTD)