Co-Maker definition

Co-Maker means one (1) of two (2) individuals who are joint borrowers on a federal PLUS Program loan and who are equally liable for repayment of the loan.
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Co-Maker means the party or parties having a beneficial interest in the Land Trust. "Event of Default" and other capitalized terms used but not defined in this Note shall have the meanings given to such terms in the Security Instrument.
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Co-Maker means a member, who signs a promissory note along with the primary borrower and has access to the loan proceeds, to whom the responsibility of repayment of a loan shall be transferred in the event of default;
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Examples of Co-Maker in a sentence

  • This Agreement shall remain in effect as against each Co-Maker until all of the Secured Obligations shall have been indefeasibly paid in full.

  • Each Co-Maker hereby irrevocably waives any right to revoke this Agreement as to future transactions giving rise to any Secured Obligations.

  • The obligations of the Co-Makers under this Agreement shall not be reduced, limited, impaired, discharged, deferred, suspended or terminated by any proceeding, voluntary or invol- untary, involving the bankruptcy, insolvency, receivership, reorganization, liquidation or arrangement of any other or by any defense which any other Co-Maker may have by reason of the order, decree or decision of any court or administrative body resulting from any such proceeding.

  • Such personal liability of the Co-Maker is limited by the terms of this Note and the Loan Documents.

  • All obligations under this Note shall be the joint and several obligations of the Land Trustee and the Co-Maker.

  • Each Co-Maker agrees that its obligations hereunder are irrevocable, abso- lute, independent and unconditional and shall not be affected by any circumstance which constitutes a legal or equitable dis- charge of a co-maker other than indefeasible payment in full of the Secured Obligations.

  • Only the Borrower or Co-Maker who signs the first line under "Signature(s) of Insured" is covered by Credit Disability Insurance.

  • All obligations of the Co-Maker under this Note shall be the joint and several obligations of each of the parties making up the Co-Maker.

  • Recipient (or any Co-Maker, Guarantor, or Surety for Recipient) becomes insolvent, files for bankruptcy relief or has an order for bankruptcy relief entered against Recipient (or them).

  • Borrower and Co-Maker are each a corporation, duly organized or formed, validly existing and in good standing under the laws of their respective state of incorporation.


More Definitions of Co-Maker

Co-Maker any individual whom the lender deems to have acceptable credit to enter into a joint liability transaction. Default: with respect of any Approved Note, the occurrence of any event which shall constitute a default under the terms of such Note.
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