MULTIPLE APPLICANTS. If two or more parties sign this Agreement as Applicants (i) it shall be the joint and several agreement of all such signers and binding upon their respective successors and assigns; and (ii) the term “Applicant” shall mean all of such signers or any one or more of them, whether or not all or any of them are referred to in any Letter of Credit.
Appears in 2 contracts
Sources: Master Continuing Letter of Credit Reimbursement and Security Agreement (Arkansas Best Corp /De/), Master Continuing Letter of Credit Reimbursement and Security Agreement (Arkansas Best Corp /De/)