Liability of the Borrowers. The Borrowers’ obligation to pay principal and interest in connection with the Facilities is several and not joint (“mancomunada”).
Liability of the Borrowers. The liability of each Borrower under this Agreement and the other Loan Documents will be irrevocable, absolute, independent and unconditional, and will not be affected by any circumstance that might constitute a discharge of a surety or guarantor other than the indefeasible payment and performance in full of all Obligations. In furtherance of the foregoing and without limiting the generality thereof, each Borrower agrees as follows:
Liability of the Borrowers. The obligation of the Borrowers to make any and all payments to Lender required by this Agreement shall not be subject to diminution by set-off, recoupment, counterclaim (other than mandatory counterclaims), abatement or otherwise.
Liability of the Borrowers. 62 9.04 Lender, Xxxxxx Xxx and Servicer Not Liable...................................................63 9.05
Liability of the Borrowers. (a) To the extent TCC becomes a Borrower pursuant to Section 2.17, all obligations of Toro and TCC or either one of them under this Agreement and the other Loan Documents to which they are a party, shall be joint and several obligations of Toro and TCC (each of the foregoing, a “Joint Borrower”). Only Toro shall be liable as a guarantor under Article X hereof for the obligations of the Subsidiary Borrowers under Article XI hereof. All obligations of the Subsidiary Borrowers (other than TCC) under this Agreement and all of the other Loan Documents shall be several and not joint, the result of which shall be that each such Subsidiary Borrower is obligated to repay only those Loans made by the Lenders to such Subsidiary Borrower and interest, fees, expenses and other obligations owing by such Subsidiary Borrower in connection with such Loans; and no Subsidiary Borrower (other than TCC) shall be liable, jointly with the Borrowers or otherwise, in respect of any Credit Extensions made to, or on behalf of, the Borrowers, or any interest, costs, fees, expenses, taxes, and indemnities related to such Credit Extensions.
Liability of the Borrowers. The obligations of each Borrower under the Finance Documents are separate and independent from the obligations of any other Borrower (except insofar as such other Borrower is a Guarantor).
Liability of the Borrowers. 89 Section 13.1
Liability of the Borrowers. (a) All obligations of Toro, TCC, Manufacturing and Exmark or any one of them under this Agreement and the other Loan Documents to which they are a party, shall be joint and several obligations of Toro, TCC, Manufacturing and Exmark (each of the foregoing a “Joint Borrower”). Only Toro shall be liable as a guarantor under Article X hereof for the obligations of the Subsidiary Borrowers under Article XI hereof. All obligations of the Subsidiary Borrowers (other than Manufacturing and Exmark) under this Agreement and all of the other Loan Documents shall be several and not joint, the result of which shall be that each Subsidiary Borrower (other than Manufacturing and Exmark) is obligated to repay only those Loans made by the Lenders to such Subsidiary Borrower and interest, fees, expenses and other obligations owing by such Subsidiary Borrower in connection with such Loans.
Liability of the Borrowers. 97 Section 13.1 Joint and Several Liability. 97 Section 13.2 Waivers by the Borrowers. 98 Section 13.3 Benefit. 98 Section 13.4 Waiver of Subrogation, Etc. 98 Section 13.5 Election of Remedies. 98 Section 13.6 Limitation. 99 Section 13.7 Contribution with Respect to Obligations. 99 Section 13.8 Liability Cumulative. 100 ANNEX AND EXHIBITS
Liability of the Borrowers
