Common use of Multiple Borrowers Clause in Contracts

Multiple Borrowers. If there are two or more Borrowers under this Agreement, each will be individually obligated to repay the Bank in full, and all will be obligated together. The Bank may terminate the availability of credit under this Agreement if the Bank receives conflicting instructions from the Borrowers.

Appears in 3 contracts

Sources: Business Loan Agreement (Medical Science Systems Inc), Advantage Business Credit Line/Loan Agreement (Advanced Media Inc), Advantage Business Credit Line/Loan Agreement (Advanced Media Inc)

Multiple Borrowers. If there are two or more Borrowers under borrowers sign this Agreement, each will be individually obligated to repay the Bank in full, and all will be obligated together. The Bank may terminate the availability of credit under this Agreement if the Bank receives conflicting instructions from the Borrowers.

Appears in 3 contracts

Sources: Loan Agreement (Fresh America Corp), Business Loan Agreement (Fresh America Corp), Business Loan Agreement (Quidel Corp /De/)

Multiple Borrowers. If there are two or more Borrowers under borrowers sign this Agreement, each will be individually jointly and severally obligated to repay the Bank in full, and all will be obligated together. The Bank may terminate the availability of credit under this Agreement if the Bank receives conflicting instructions from the Borrowers.

Appears in 3 contracts

Sources: Business Loan Agreement (Motorcar Parts & Accessories Inc), Loan Agreement (Wynn Stephen A), Loan Agreement (Wynn Stephen A)

Multiple Borrowers. If there are two or more Borrowers under borrowers sign this Agreementagreement, each will be individually obligated to repay the Bank in full, and all will be obligated together. The Bank may terminate the availability of credit under this Agreement if the Bank receives conflicting instructions from the Borrowers.

Appears in 1 contract

Sources: Business Line of Credit Agreement (Pacific Softworks Inc)

Multiple Borrowers. If there are two or more Borrowers under this Agreement, each will individually obligated to repay the Bank in full, and all will be individually obligated to repay the Bank in full, and all will be obligated together. The Bank may terminate the availability of credit under this Agreement if the Bank receives conflicting instructions from the Borrowers.

Appears in 1 contract

Sources: Business Loan Agreement (Medical Science Systems Inc)

Multiple Borrowers. If there are two or more Borrowers under sign this Agreement, each will be individually obligated to repay the Bank in full, and all will be obligated together. The Bank may terminate the availability of credit under this Agreement if the Bank receives conflicting instructions from the Borrowers.

Appears in 1 contract

Sources: Business Loan Agreement (Medical Science Systems Inc)

Multiple Borrowers. If there are two or more Borrowers under borrowers sign this Agreement, each will be individually obligated to repay the Bank in full, and all will be obligated together. The Bank may terminate the availability of credit under this Agreement if the Bank receives conflicting instructions from the Borrowers.

Appears in 1 contract

Sources: Commercial Loan Agreement (Arlen Corp)

Multiple Borrowers. If there are two or more Borrowers under sign this Agreement, each will be individually obligated to repay the Bank in full, and all Borrowers will be obligated together. The Bank may terminate the availability of credit under this Agreement if the Bank receives conflicting instructions from the Borrowers.

Appears in 1 contract

Sources: Loan Agreement (Arden Group Inc)