Common use of Payor Clause in Contracts

Payor. “Related Payor” means, with respect to each Borrower, (i) until such Borrower terminates BGOL’s obligations hereunder in accordance herewith, BGOL and (ii) at all other times, such Borrower. The obligations of the Borrowers hereunder shall be several and not joint.

Appears in 2 contracts

Sources: Credit Agreement (Baillie Gifford Funds), Fee Letter (Baillie Gifford Funds)