Principal Debtor definition

Principal Debtor means the natural person or juristic entity whose name appears on the Credit PRINCIPAL DEBTOR Application and subsequent statement or delivery note;

Principal Debtor means a person in respect of whose default a guarantee is given.

Principal Debtor means New Zealand Local Government Funding Agency Limited, a company incorporated in New Zealand.

Examples of Principal Debtor in a sentence

• The BANK also agrees that Kolkata Police at its option shall be entitled to enforce this Guarantee against the Bank as a Principal Debtor, in the first instance without proceeding against Bidder and not withstanding any security or other guarantee that Kolkata Police may have in relation to the Bidder’s liabilities.

• The Bank also agree that the OWNER/PUCHASER at its option shall be entitled to enforce this Guarantee against the Bank as a Principal Debtor, in the first instance without proceeding against the SELLER and not withstanding any security or other guarantee that the OWNER/PURCHASER may have in relation to the SELLER’s liabilities.

• The BANK also agrees that GoG at its option shall be entitled to enforce this Guarantee against the Bank as a Principal Debtor, in the first instance without proceeding against the BIDDER and not withstanding any security or other guarantee that GoG may have in relation to the Bidder’s liabilities.

• The Bank agrees that DTIDC at its option shall be entitled to enforce this guarantee during its currency against the bank as a Principal Debtor in the first instance without proceeding against the Licensee and notwithstanding any security or other guarantee that DTIDC may have in relation to Licensee’s liabilities.

• In order to give effect to this Guarantee, UTDB shall be entitled to treat the Guarantor as the Principal Debtor.

More Definitions of Principal Debtor

Principal Debtor. The Guarantor's obligations under this Guarantee are:

Principal Debtor means, at any time, any Person any of whose obligations are at that time guaranteed by P&O Princess;

Principal Debtor means a person in respect of whose default a guarantee is given. 69. Right of indemnity holder when sued‌A promisee in a contract of indemnity, acting within the scope of his or her authority is entitled to recover from a promisor—

Principal Debtor means, at any time, any Person any of whose obligations are at that time guaranteed by Thomson-Reuters;

Principal Debtor means, at any time, any Person any of whose obligations are at that time guaranteed by Carnival;

Principal Debtor means the ‘Principal Debtor’ described on the face hereof.

Principal Debtor means TSW International Inc of 0000 Xxxxx Xxxxx Xxxxxxx, Xxxxxxx, XX00000