Common use of Primary Obligation Clause in Contracts

Primary Obligation. This Agreement is a primary and original obligation of each Borrower and shall remain in effect notwithstanding future changes in conditions, including any change of law or any invalidity or irregularity in the creation or acquisition of any Obligations or in the execution or delivery of any agreement between Bank and any Borrower. Each Borrower shall be liable for existing and future Obligations as fully as if all of all Credit Extensions were advanced to such Borrower. Bank may rely on any certificate or representation made by any Borrower as made on behalf of, and binding on, all Borrowers.

Appears in 2 contracts

Samples: Loan and Security Agreement (Journey Medical Corp), Loan and Security Agreement (Journey Medical Corp)

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Primary Obligation. This Agreement is a primary and original obligation of each Borrower and shall remain in effect notwithstanding future changes in conditions, including any change of law or any invalidity or irregularity in the creation or acquisition of any Obligations or in the execution or delivery of any agreement between Bank any Lender and any Borrower. Each Borrower shall be liable for existing and future Obligations as fully as if all of all Credit Extensions Loans or advances were advanced to such Borrower. Bank Lenders may rely on any certificate or representation made by any Borrower as made on behalf of, and binding on, all Borrowers.

Appears in 2 contracts

Samples: Credit Agreement (Trupanion Inc.), Credit Agreement (Trupanion Inc.)

Primary Obligation. This Agreement is a primary and original obligation of each Borrower and shall remain in effect notwithstanding future changes in conditions, including any change of law or any invalidity or irregularity in the creation or acquisition of any Obligations or in the execution or delivery of any agreement between Bank and any Borrower. Each Borrower shall be liable for existing and future Obligations as fully as if all of all Credit Extensions were advanced to such Borrower. Bank may rely on any certificate or representation made by any Borrower as made on behalf of, and binding on, all Borrowers, including without limitation Applications.

Appears in 1 contract

Samples: Credit Agreement (Internet Capital Group Inc)

Primary Obligation. This Agreement is a primary and original obligation of each Borrower and shall remain in effect notwithstanding future changes in conditions, including any change of law or any invalidity or irregularity in the creation or acquisition of any Obligations or in the execution or delivery of any agreement between Bank Lender and any Borrower. Each Borrower shall be liable for existing and future Obligations as fully as if all of all Credit Extensions Loans or advances were advanced to such Borrower. Bank Lender may rely on any certificate or representation made by any Borrower as made on behalf of, and binding on, all Borrowers.

Appears in 1 contract

Samples: Credit Agreement (Trupanion Inc.)

Primary Obligation. This Agreement is a primary and original obligation of each Borrower and shall shall, unless earlier terminated, remain in effect notwithstanding future changes in conditions, including any change of law or any invalidity or irregularity in the creation or acquisition of any Obligations or in the execution or delivery of any agreement between Bank Lender and any Borrower. Each Borrower shall be liable for existing and future Obligations as fully as if all of all Credit Extensions the Loan or Obligations were advanced to such Borrower. Bank Lender may rely on any certificate or representation made by any Borrower as made on behalf of, and binding on, all Borrowers.

Appears in 1 contract

Samples: Venture Loan and Security Agreement (Everyday Health, Inc.)

Primary Obligation. This Agreement is a primary and original obligation of each Borrower and shall remain in effect notwithstanding future changes in conditions, including any change of law or any invalidity or irregularity in the creation or acquisition of any Obligations or in the execution or delivery of any agreement between Bank and any Borrower. Each Borrower shall be liable for existing and future Obligations as fully as if all of all the Credit Extensions were advanced made to such Borrower. Bank may rely on any certificate or representation made by any Borrower as made on behalf of, and binding on, all Borrowers, including without limitation Applications.

Appears in 1 contract

Samples: Credit Agreement (Internet Capital Group Inc)

Primary Obligation. This Agreement is a primary and original obligation of each Borrower and shall remain in effect notwithstanding future changes in conditions, including any change of law or any invalidity or irregularity in the creation or acquisition of any Obligations or in the execution or delivery of any agreement between Bank and any Borrower. Each Borrower shall be liable for existing and future Obligations as fully as if all of all Credit Extensions were advanced to such Borrower. Bank may rely on any certificate or representation made by any Borrower as made on behalf of, and binding on, all Borrowers, including without limitation Revolving Advance Request, Borrowing Base Certificates and Compliance Certificates.

Appears in 1 contract

Samples: Loan and Security Agreement (Document Capture Technologies, Inc.)

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Primary Obligation. This Agreement is a primary and original obligation of each Borrower and shall remain in effect notwithstanding future changes in conditions, including any change of law or any invalidity or irregularity in the creation or acquisition of any Obligations or in the execution or delivery of any agreement between Bank and any Borrower. Each Borrower shall be liable for existing and future Obligations as fully as if all of all Credit Extensions were advanced to such Borrower. Bank may rely on any certificate or representation made by any Borrower as made on behalf of, and binding on, all Borrowers.and

Appears in 1 contract

Samples: Loan and Security Agreement (Ekso Bionics Holdings, Inc.)

Primary Obligation. This Agreement is a primary and original obligation of each Borrower of the Borrowers and shall remain in effect notwithstanding future changes in conditions, including any change each of law or any invalidity or irregularity in the creation or acquisition of any Obligations or in the execution or delivery of any agreement between Bank and any Borrower. Each Borrower Borrowers shall be liable for all existing and future Obligations of any other Borrower as fully as if all of all Credit Extensions such Obligations were advanced to directly incurred by such Borrower. Bank may rely on any certificate or representation made by any Borrower as made on behalf of, and binding on, all Borrowers.

Appears in 1 contract

Samples: Credit Agreement (Arkansas Best Corp /De/)

Primary Obligation. This Agreement is a primary and original obligation of each Borrower and shall remain in effect notwithstanding future changes in conditions, including any change of law or any invalidity or irregularity in the creation or acquisition of any Obligations or in the execution or delivery of any agreement between Bank and any Borrower. Each Borrower shall be liable for existing and future Obligations as fully as if all of all Credit Extensions were advanced to such Borrower. Bank may rely on any certificate or representation made by any Borrower as made on behalf of, and binding on, all Borrowers, including without limitation Advance Request Forms, and Compliance Certificates.

Appears in 1 contract

Samples: Loan and Security Agreement (Safeguard Scientifics Inc)

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