Common use of Co-Borrowers Clause in Contracts

Co-Borrowers. Borrowers are jointly and severally liable for the Obligations and Lxxxxx may proceed against one Borrower to enforce the Obligations without waiving its right to proceed against any other Borrower. This Agreement and the Transaction Documents are a primary and original obligation of each Borrower and shall remain in effect notwithstanding future changes in conditions, including any change of law or any invalidity or irregularity in the creation or acquisition of any Obligations or in the execution or delivery of any agreement between Lender and any Borrower. Each Borrower shall be liable for existing and future Obligations as fully as if all of the Advances were advanced to such Borrower. Lender may rely on any certificate or representation made by any Borrower as made on behalf of, and binding on, all Borrowers, including without limitation advance request forms and compliance certificates. Each Borrower appoints each other Borrower as its agent with all necessary power and authority to give and receive notices, certificates or demands for and on behalf of all Borrowers, to act as disbursing agent for receipt of any Advances on behalf of each Borrower and to apply to Lender on behalf of each Borrower for any Advances, any waivers and any consents. This authorization cannot be revoked, and Lxxxxx need not inquire as to one Bxxxxxxx’s authority to act for or on behalf of another Borrower.

Appears in 1 contract

Samples: Loan and Security Agreement (Recruiter.com Group, Inc.)

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Co-Borrowers. Borrowers are jointly and severally liable for the Obligations and Lxxxxx Administrative Agent and any Lender may proceed against one Borrower to enforce the Obligations without waiving its right to proceed against any other Borrower. This Agreement and the Transaction Loan Documents are a primary and original obligation of each Borrower and shall remain in effect notwithstanding future changes in conditions, including any change of law or any invalidity or irregularity in the creation or acquisition of any Obligations or in the execution or delivery of any agreement between Lender Administrative Agent and any Borrower. Each Borrower shall be liable for existing and future Obligations as fully as if all of the Advances Credit Extensions were advanced to such Borrower. Lender Administrative Agent may rely on any certificate or representation made by any Borrower as made on behalf of, and binding on, all Borrowers, including without limitation advance request forms and compliance certificates. Each Borrower appoints each other Borrower as its agent with all necessary power and authority to give and receive notices, certificates or demands for and on behalf of all Borrowers, to act as disbursing agent for receipt of any Advances Credit Extensions on behalf of each Borrower and to apply to Lender Administrative Agent on behalf of each Borrower for any AdvancesCredit Extension, any waivers and any consents. This authorization cannot be revoked, and Lxxxxx Administrative Agent need not inquire as to one BxxxxxxxBorrower’s authority to act for or on behalf of another Borrower.

Appears in 1 contract

Samples: Loan and Security Agreement (Tabula Rasa HealthCare, Inc.)

Co-Borrowers. Borrowers are jointly and severally liable for the Obligations and Lxxxxx Agent and the Lenders may proceed against one Borrower to enforce the Obligations without waiving its right to proceed against any the other Borrower. This Agreement and the Transaction Loan Documents are a primary and original obligation of each Borrower and shall remain in effect notwithstanding future changes in conditions, including any change of law or any invalidity or irregularity in the creation or acquisition of any Obligations or in the execution or delivery of any agreement between Agent, any Lender and any Borrower. Each Borrower shall be liable for existing and future Obligations as fully as if all of the Advances Credit Extensions were advanced to such Borrower. Agent and each Lender may rely on any certificate or representation made by any Borrower as made on behalf of, and binding on, all Borrowerseach Borrower, including without limitation advance request forms Revolving Advance Request Forms, the Term Loan Request Form and compliance certificatesCompliance Certificates. Each Borrower appoints each other Borrower as its agent with all necessary power and authority to give and receive notices, certificates or demands for and on behalf of all Borrowerseach Borrower, to act as disbursing agent for receipt of any Advances Credit Extensions on behalf of each Borrower and to apply to Lender Agent (for the ratable benefit of Lenders) on behalf of each Borrower for any AdvancesCredit Extensions, any waivers and any consents. This authorization cannot be revoked, and Lxxxxx Agent and/or any Lender need not inquire as to one Bxxxxxxx’s authority to act for or on behalf of another Borrower.

Appears in 1 contract

Samples: Loan and Security Agreement (Ammo, Inc.)

Co-Borrowers. Borrowers are jointly and severally liable for the Obligations and Lxxxxx Lender may proceed against one Borrower to enforce the Obligations without waiving its right to proceed against any other Borrower. This Agreement and the Transaction Loan Documents are a primary and original obligation of each Borrower and shall remain in effect notwithstanding future changes in conditions, including any change of law or any invalidity or irregularity in the creation or acquisition of any Obligations or in the execution or delivery of any agreement between Lender and any Borrower. Each Borrower shall be liable for existing and future Obligations as fully as if all of the Advances Credit Extensions were advanced to such Borrower. Lender may rely on any certificate or representation made by any Borrower as made on behalf of, and binding on, all Borrowers, including without limitation advance request forms and compliance certificates. Each Borrower appoints each other Borrower as its agent with all necessary power and authority to give and receive notices, certificates or demands for and on behalf of all Borrowers, to act as disbursing agent for receipt of any Advances Credit Extensions on behalf of each Borrower and to apply to Lender on behalf of each Borrower for any AdvancesCredit Extensions, any waivers and any consents. This authorization cannot be revoked, and Lxxxxx Lender need not inquire as to one BxxxxxxxBorrower’s authority to act for or on behalf of another Borrower.. 19.2

Appears in 1 contract

Samples: Financing Modification Agreement

Co-Borrowers. Borrowers are jointly and severally liable for the Obligations and Lxxxxx Lender may proceed against one Borrower to enforce the Obligations without waiving its right to proceed against any the other Borrower. This Agreement and the Transaction Loan Documents are a primary and original obligation of each Borrower and shall remain in effect notwithstanding future changes in conditions, including any change of law or any invalidity or irregularity in the creation or acquisition of any Obligations or in the execution or delivery of any agreement between Lender and any Borrower. Each Borrower shall be liable for existing and future Obligations as fully as if all of the Advances Credit Extensions were advanced to such Borrower. Lender may rely on any certificate or representation made by any Borrower as made on behalf of, and binding on, all Borrowerseach Borrower, including without limitation advance request forms Advance Request Forms and compliance certificatesCompliance Certificates. Each Borrower appoints each other Borrower as its agent with all necessary power and authority to give and receive notices, certificates or demands for and on behalf of all Borrowerseach Borrower, to act as disbursing agent for receipt of any Advances on behalf of each Borrower and to apply to Lender on behalf of each Borrower for any Advances, any waivers and any consents. This authorization cannot be revoked, and Lxxxxx Lender need not inquire as to one BxxxxxxxBorrower’s authority to act for or on behalf of another Borrower.

Appears in 1 contract

Samples: Business Financing Agreement (ChromaDex Corp.)

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Co-Borrowers. 15.1 Co-Borrowers. Borrowers are jointly and severally liable for the Obligations and Lxxxxx Administrative Agent and any Lender may proceed against one Borrower to enforce the Obligations without waiving its right to proceed against any other Borrower. This Agreement and the Transaction Loan Documents are a primary and original obligation of each Borrower and shall remain in effect notwithstanding future changes in conditions, including any change of law or any invalidity or irregularity in the creation or acquisition of any Obligations or in the execution or delivery of any agreement between Lender Administrative Agent and any Borrower. Each Borrower shall be liable for existing and future Obligations as fully as if all of the Advances Credit Extensions were advanced to such Borrower. Lender Administrative Agent may rely on any certificate or representation made by any Borrower as made on behalf of, and binding on, all Borrowers, including without limitation advance request forms and compliance certificates. Each Borrower appoints each other Borrower as its agent with all necessary power and authority to give and receive notices, certificates or demands for and on behalf of all Borrowers, to act as disbursing agent for receipt of any Advances Credit Extensions on behalf of each Borrower and to apply to Lender Administrative Agent on behalf of each Borrower for any AdvancesCredit Extension, any waivers and any consents. This authorization cannot be revoked, and Lxxxxx Administrative Agent need not inquire as to one BxxxxxxxBorrower’s authority to act for or on behalf of another Borrower.

Appears in 1 contract

Samples: Loan and Security Agreement (Tabula Rasa HealthCare, Inc.)

Co-Borrowers. Borrowers are jointly and severally liable for the Obligations and Lxxxxx Lender may proceed against one Borrower to enforce the Obligations without waiving its right to proceed against any the other Borrower. This Agreement and the Transaction Loan Documents are a primary and original obligation of each Borrower and shall remain in effect notwithstanding future changes in conditions, including any change of law or any invalidity or irregularity in the creation or acquisition of any Obligations or in the execution or delivery of any agreement between Lender and any Borrower. Each Borrower shall be liable for existing and future Obligations as fully as if all of the Advances Credit Extensions were advanced to such Borrower. Lender may rely on any certificate or representation made by any Borrower as made on behalf of, and binding on, all Borrowers, including without limitation advance request forms Advance Request Forms (delivered by a Responsible Officer), Borrowing Base Certificates and compliance certificatesCompliance Certificates. Borrowers are jointly and severally liable for the Obligations and Lender may proceed against one or more of the Borrowers to enforce the Obligations without waiving its right to proceed against any of the other Borrowers. Each Borrower appoints each other Borrower as its agent with all necessary power and authority to give and receive notices, certificates or demands for and on behalf of all both Borrowers, to act as disbursing agent for receipt of any Advances on behalf of each Borrower and to apply to Lender on behalf of each Borrower for any Advances, any waivers and any consents. This authorization cannot be revoked, and Lxxxxx Lender need not inquire as to one BxxxxxxxBorrower’s authority to act for or on behalf of another Borrower.

Appears in 1 contract

Samples: Loan and Security Agreement (Pac-West Telecomm Inc)

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