Examples of Other Borrower Obligations in a sentence
We note that under Phase 2 of the National Consumer Credit Reforms the Australian Government is considering whether to bring small business loans within the reforms: see paragraph 61.
Each of the Borrowers hereby agrees that until the payment and satisfaction in full of all Other Borrower Obligations and the expiration and termination of the Commitments of the Lenders under this Agreement it shall not exercise any right or remedy arising by reason of any performance by it of any of its obligations hereunder, whether by subrogation or otherwise, against the Other Borrower Obligations or any security for any of the Other Borrower Obligations.
The Guarantee 88 Section 12.1. The Guarantee 88 Section 12.2. Guarantee Unconditional 89 Section 12.3. Discharge Only upon Payment in Full; Reinstatement in Certain Circumstances 90 Section 12.4. Subrogation 90 Section 12.5. Waivers 90 Section 12.6. Limit on Recovery 90 Section 12.7. Stay of Acceleration 90 Section 12.8. Benefit to Guarantor 91 Section 12.9. No Liability of Canadian Borrower for Other Borrower Obligations 91 SECTION 13.
The obligations of a Borrower under this Agreement, the Notes, the Credit Documents or any other agreement or instrument referred to herein or therein, shall be automatically reinstated if and to the extent that for any reason any payment by or on behalf of the other Borrowers in respect of the Other Borrower Obligations is rescinded or must be otherwise restored by any holder of any of the Other Borrower Obligations, whether as a result of any proceedings in a bankruptcy or reorganization or otherwise.
Each Borrower hereby expressly waives, with respect to the Other Borrower Obligations diligence, presentment, demand of payment, protest and all notices whatsoever, and any requirement that the Administrative Agent, the Issuing Lender or any Lender exhaust any right, power or remedy or proceed against the other Borrower under this Agreement or the Notes or any other Loan Document, or against any other Person under any other guarantee of, or security for, any of the Other Borrower Obligations.