Indebtedness to the Bank definition

Indebtedness to the Bank at any time means the amount of the Bank Loan at that time and the amount of any other indebtedness of the Client to the Bank in connection with the Bank Account or otherwise at that time;
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Examples of Indebtedness to the Bank in a sentence

  • The undersigned knowingly accept(s) the full range of risk encompassed in this Guaranty, which risk includes, without limit, the possibility that Borrower may incur Indebtedness to the Bank after the financial condition of the Borrower, or the Borrower's ability to pay debts as they mature, has deteriorated.

  • The Customer and/or the Security Party(ies) is required to sign the Security Documents as security for the obligation to pay the Indebtedness to the Bank.

  • The undersigned knowingly accept(s) the full range of risk encompassed in this Guaranty, which risk includes, without limit, the possibility that Borrower may incur Indebtedness to the Bank after the financial condition of the Borrower, or the Borrower’s ability to pay debts as they mature, has deteriorated.

  • The lien shall constitute a continuing security for the due payment and satisfaction and discharge all of the Customer’s Indebtedness to the Bank whensoever incurred.

  • The Bank may apply the net proceeds of any such sale, disposition or dealing in or towards discharge of all or any of the Customer’s Indebtedness to the Bank, whether solely owed by the Customer or owed by the Customer and any other person.

  • The Client acknowledges that any Indebtedness to BMO InvestorLine and any Indebtedness to the Bank is payable on demand.

  • Each joint Account holder agrees that the Bank is entitled to retain and not repay any amount which is or may be owing to any or all of the joint Account holders, including any monies or property which the Bank may hold for the Customer’s joint Account (wherever situated, whether on current or deposit or otherwise, and regardless of currency), unless and until any or all of the joint Account holders have discharged in full all of their obligations and Indebtedness to the Bank.

  • In addition, neither the Company nor any Material Subsidiary or Subsidiary Guarantor shall become a party to any agreement, note, indenture or other instrument, or take any other action, which would subordinate any of its Indebtedness to the Bank Secured Obligations unless such Indebtedness shall, at the Company's election, be pari passu with or subordinated to the Notes on subordination terms set forth in Exhibit 10.3.

  • The undersigned knowingly accept(s) the full range of risk encompassed in this Guaranty, which risk includes without limit the possibility that the Borrower may incur Indebtedness to the Bank after the financial condition of the Borrower, or its ability to pay its debts as they mature, has deteriorated.

  • The Client shall remain liable for, and shall forthwith pay, without duplication, and subject always to Section 7, the balance of any Obligations to BMO InvestorLine and the balance of any Indebtedness to the Bank, which remain outstanding after the application of such proceeds, together with interest thereon.