Joint and Several Obligor definition

Joint and Several Obligor has the meaning given to such term in the preamble of this Agreement.
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Joint and Several Obligor means Operadora Hotelera G.I., Sociedad Anónima de Capital Variable and, as from August 24, 2023, will also include any Adhering Joint and Several Obligors.
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Joint and Several Obligor. Maxcom SF, S.A. de C.V.,
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Examples of Joint and Several Obligor in a sentence

  • If the Borrower or the Joint and Several Obligor does not pay the principal sum of the Credit pursuant to the specifications in this Agreement, the interest thereon, or any fees, costs, expenses, or ancillary charges that are incurred pursuant to this Agreement, except for reasons solely attributable to the Trustee, provided that there are sufficient funds in the Trust.

  • Authorize the Credit Agent, through the credit information company, to determine, obtain, analyze and use credit information on the Joint and Several Obligor, with the understanding that the Credit Agent shall be solely responsible for the costs incurred in the determination, obtaining, analysis and use of that credit information.

  • The Lenders, through the Credit Agent, shall deliver to the Borrower and/or the Joint and Several Obligor the tax vouchers with all the requirements set by the tax laws, covering the payments for fees, ordinary interest, late payment interest and any other item relating to the transaction contained in this Agreement, as well as the respective Value Added Tax that, where applicable, is generated by those payments.[seal:]LIC.

  • Based on the representations of the Borrower and the Joint and Several Obligor, it is prepared to extend the Credit that is the subject matter of this Agreement up to an amount equivalent to the Share (as this term is defined below) of Bancomext, pursuant to the terms and conditions stipulated in this Agreement.

  • If any of the Joint and Several Obligor’s representations is false, inaccurate or incomplete in any important aspect, or if any information furnished to the Credit Agent or the Lenders by the Joint and Several Obligor pursuant to the terms of this Agreement is intentionally false, inaccurate or incomplete in any important aspect.

  • Notify the Credit Agent, within five Business Days from the day on which it has received notification of the existence of any action, litigation or labor conflict that substantially and negatively affects or might foreseeably come to affect the financial position of the Joint and Several Obligor.

  • If the proceeds from the collection of the Collection Rights deriving from the Assembly Agreement are insufficient to reach the amount corresponding to the Minimum Collection that must enter the Trust Assets, pursuant to the terms of the Trust Agreement, and the Joint and Several Obligor breaches its obligation to contribute the Minimum Flow to the Trust Assets.

  • All the payments that the Borrower and/or the Joint and Several Obligor must make to the Lenders pursuant to the provisions in this Agreement and the other Transaction Documentation must be made free and clear of any deductions, except for those obligations currently contained in the tax laws, or as modified in the future, and that require the Borrower and/or the Joint and Several Obligor to make any withholding of taxes, levies, contributions or similar charges on those payments.

  • If any record, permit, license or concession is cancelled, revoked, modified or seized and consequently might have a substantial and adverse effect on the Joint and Several Obligor’s financial position and places at risk the ability of the Joint and Several Obligor to meet its obligations pursuant to the provisions in this Agreement, and that situation and its effects are not corrected within a period of one hundred twenty calendar days from the date of its occurrence.

  • If the Joint and Several Obligor does not allow the Independent Supervisor to carry out its duties pursuant to the provisions in this Agreement.


More Definitions of Joint and Several Obligor

Joint and Several Obligor. Paseo de las Palmas 1270 (one thousand two hundred seventy), Col. Lomas de Chapultepec, Mxxxxx Xxxxxxx, C.P. 11000 (eleven thousand), Mexico City. Attention: Mxxxxx Xxxxx Xxxxx Email: mxxxxx@xxxxxx.xxx.xx Until the BORROWER and the JOINT AND SEVERAL OBLIGOR give the LENDER notice in writing of the change of its address, any notice or notification hereunder will be made at the addresses provided herein. Additionally, the "PARTIES" agree that the notifications or notices that "LENDER" must give, as provided herein, may be given via e-mail, followed by specialized courier or personal delivery, with acknowledgment of receipt, at the address and e-mail address indicated above; provided that these are in writing and considered validly given. G E N E R A L I N F O R M A T I O N
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Joint and Several Obligor will have the meaning given to such term in the Preamble of this Agreement.
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Related to Joint and Several Obligor

  • Joint and Several means if the Tenant is more than one person or entity forming the Tenant they are jointly and equally responsible for the payment of all Rent and liabilities or any breach of the obligations specified within the Tenancy Agreement during the Tenancy or any extension, or continuation of it as a fixed term or periodic tenancy. Individually each person forming the Tenant is responsible for payment of all rent and liabilities and compensation for any breach of the Tenancy Agreement.

  • General Obligation Bonds means, collectively, the Limited Tax General Obligation Bonds and the Unlimited Tax General Obligation Bonds.

  • Schedule of Collateral Obligations means the list or lists of Collateral Obligations attached to each Asset Approval Request and each Reinvestment Request. Each such schedule shall identify the assets that will become Collateral Obligations, shall set forth such information with respect to each such Collateral Obligation as the Borrower or the Facility Agent may reasonably require and shall supplement any such schedules attached to previously-delivered Asset Approval Requests and Reinvestment Requests.

  • Original Guarantors shall have the meaning assigned to such term in the Preamble hereof.

  • Additional Guarantors shall have the meaning assigned to such term in the Preamble hereof.

  • Collateral Obligation means a Loan owned by the Borrower, excluding the Retained Interest thereon.

  • New Borrower means (a) each New Company that is a Company Borrower, and (b) each other Company (including a New Company) acting on behalf of, and for the account of, each Series thereof that is a New Fund.

  • Delayed Drawdown Collateral Obligation A Collateral Obligation that (a) requires the Issuer to make one or more future advances to the borrower under the Underlying Documents relating thereto, (b) specifies a maximum amount that can be borrowed on one or more fixed borrowing dates, and (c) does not permit the re-borrowing of any amount previously repaid by the borrower thereunder; but any such Collateral Obligation will be a Delayed Drawdown Collateral Obligation only until all commitments by the Issuer to make advances to the borrower expire or are terminated or are reduced to zero.

  • Original Guarantor means the Persons identified as such in the first paragraph of this Indenture until a successor Person shall have become such pursuant to the applicable provisions of this Indenture, and thereafter each such successor Person shall be an “Original Guarantor”.

  • U.S. Guarantors means and include each U.S. Borrower (in its capacity as a guarantor under the U.S. Guaranty) and each U.S. Subsidiary Guarantor.

  • Additional Guarantor means a company which becomes an Additional Guarantor in accordance with Clause 25 (Changes to the Obligors).

  • Additional Borrower means a company which becomes an Additional Borrower in accordance with Clause 25 (Changes to the Obligors).

  • Foreign Guarantors means (a) Diodes Zetex Limited, a company incorporated and registered under the laws of England and Wales, (b) Diodes Holdings UK Limited, a company incorporated and registered under the laws of England and Wales, (c) Diodes Holding and (d) each other Foreign Subsidiary that becomes a guarantor.

  • Qualified ECP Guarantor means, at any time, each Loan Party with total assets exceeding $10,000,000 or that qualifies at such time as an “eligible contract participant” under the Commodity Exchange Act and can cause another Person to qualify as an “eligible contract participant” at such time under Section 1a(18)(A)(v)(II) of the Commodity Exchange Act.

  • the obligors on a note means "the obligor or obligors on a note"). "Until [something occurs]" does not imply that it must occur, and will not be modified by the word "unless." The word "due" and the word "payable" are each used in the sense that the stated time for payment has passed. The word "accrued" is used in its accounting sense, i.e., an amount paid is no longer accrued. In the calculation of amounts of things, differences and sums may generally result in negative numbers, but when the calculation of the excess of one thing over another results in zero or a negative number, the calculation is disregarded and an "excess" does not exist. Portions of things may be expressed as fractions or percentages interchangeably.

  • Qualified ECP Loan Party means each Loan Party that on the Eligibility Date is (a) a corporation, partnership, proprietorship, organization, trust, or other entity other than a “commodity pool” as defined in Section 1a(10) of the CEA and CFTC regulations thereunder that has total assets exceeding $10,000,000, or (b) an Eligible Contract Participant that can cause another person to qualify as an Eligible Contract Participant on the Eligibility Date under Section 1a(18)(A)(v)(II) of the CEA by entering into or otherwise providing a “letter of credit or keepwell, support, or other agreement” for purposes of Section 1a(18)(A)(v)(II) of the CEA.

  • ualified ECP Guarantor means, at any time, each Loan Party with total assets exceeding $10,000,000 or that qualifies at such time as an “eligible contract participant” under the Commodity Exchange Act and can cause another Person to qualify as an “eligible contract participant” at such time under Section 1a(18)(A)(v)(II) of the Commodity Exchange Act.

  • Initial Guarantors shall have the meaning set forth in the preamble.

  • Principal Obligations means the aggregate outstanding principal amount of the Loans.

  • U.S. Guarantor means a Guarantor whose jurisdiction of organisation is a state of the United States of America or the District of Columbia.

  • Canadian Guarantors means (i) each Canadian Borrower in its capacity as a guarantor under the Canadian Borrowers/Subsidiaries Guarantee and (ii) each other Canadian Subsidiary of Silgan.

  • Swap Guarantor If so specified in the Supplement with respect to any Series, the guarantor specified as such in such Supplement.

  • Recourse Obligations has the meaning set forth in Section 2.1.

  • Guarantors means each of:

  • Parent Guarantors means, (i) Parent, (ii) Holding, (iii) JBS Global Luxembourg S.à x.x., (iv)