Liability of Signatories. If the Recipient is an unincorporated organization, it is understood and agreed by the persons signing this Agreement on behalf of the Recipient that, in signing this Agreement in their capacity of representatives of the Recipient, they shall be personally, jointly and severally liable for all obligations of the Recipient under this Agreement, including payment of any debt that may become owed to the City.
Liability of Signatories. Borrower, and all guarantors and endorsers, and any other party liable for the Indebtedness evidenced by this Note: (i) severally waive presentment, demand, protest, notice of dishonor, notice of non-payment and notice of acceleration of this Note; and (ii) agree that no extension or postponement of the time for payment, or waiver, or indulgence or forbearance granted to Borrower (without limit as to number or period) or any modification of this Note, or any substitution, or exchange or release of all or part of the Collateral, or addition of any party to this Note, or release or discharge of, or suspension of any rights and remedies against any party liable on this Note, shall reduce or affect the obligation of any other party liable for the payment of this Note.
