Indorser definition
Examples of Indorser in a sentence
Without affecting the liability of any Maker, Indorser, surety, or guarantor, Lender may, without notice, accept partial payments release or impair any collateral security for the payment of this Note or agree not to sue any party liable on it.
This Note is secured by all existing and future security agreements and mortgages between Lender and Maker, between Lender and any Indorser or guarantor of this Note, and between Lender and any other person providing collateral security for Maker's obligations, and payment may be accelerated according to any of them.
The unpaid balance shall automatically mature and become immediately payable in the event any Maker, surety, Indorser or guarantor becomes the subject of bankruptcy or other insolvency proceedings.
Without affecting the liability of any Indorser, surety or guarantor, Lender may from time to time, without notice, renew or extend the time for payment.
This Note is secured by all existing and future security agreements and mortgages between Lender and Maker, between Lender and any Indorser or guarantor of this Note, and between Lender and any other person providing collateral security for Maker's obligations, and payment may be accelerated according to any any of them.