Co-Debtors definition

Co-Debtors means the Joint and Several Borrowers and the Guarantor (and “Co-Debtor” means any of them).
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Co-Debtors has the meaning assigned thereto in the preamble of this Agreement.
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Examples of Co-Debtors in a sentence

  • The Bank may advise the Co-Debtor(s) of the balances of the loan accounts at its/their request.

  • If the Borrower does not comply with the aforementioned obligation to reduce allocated credit limits, to repay the excess amount or to deposit the required amount in a pledged account, the Bank may immediately notify the Co-Debtors and the Parent without separate prior notification of the Borrowing Base Providers or the Borrowers.

  • The Borrower shall not be entitled to claim acquiescence / granting of overdrafts of the committed credit facility on account of the Co-Debtor(s) assuming liability beyond the amount of the credit facility.

  • If BKE assigns its rights under the Agreement, the benefit of the joint and several liability of the Co-Debtors in this clause 20 extends to the assignee and continues concurrently for the benefit of BKE regardless of the assignment unless BKE releases each Co-Debtor in writing.

  • Debtor's Social Security or Federal Taxpayer Identification Number is ▇▇▇▇▇▇▇▇▇ and Co-Debtor's is: __________________ Dated 05/07/2004 Secured Party CITICAPITAL COMMERCIAL CORPORATION ____________________________________________________________________ ____________________________________________________________________ By /s/ [ILLEGIBLE] ----------------------------- Title [ILLEGIBLE] (If corporation, authorized party must sign and show corporate title.

  • Co-Debtors will give timely written notice to Lender of (i) the occurrence of any Default or Event of Default; (ii) the commencement or threat of any material litigation or proceedings affecting Co-Debtors; and (iii) any dispute between Co-Debtors and any governmental regulatory body or other party that might materially interfere with the normal business operations of Co-Debtors.

  • Co-Debtors shall be liable for any deficiency if the proceeds of any sale or disposition of the Collateral are insufficient to pay the Obligations and all other amounts to which Lender is entitled.

  • Co-Debtors will execute and deliver to Secured Party, upon demand, certificates attesting to the timely payment or deposit of the sums owed on all such liens, taxes, assessments or contributions.

  • At any time, upon demand of Secured Party, Co-Debtors shall obtain for the benefit of Secured Party any consent or control agreements with said third-party as Secured Party deems, in its sole and absolute discretion, necessary to perfect Secured Party’s security interest in any Collateral.

  • Co-Debtors shall add a legend to any and all chattel paper in which it has an interest indicating that said chattel paper is subject to the terms of this Security Agreement.