"Obligors" Example Sentences
1. The obligors of the contract are responsible for fulfilling their duties.
2. The obligors of the loan agreement agreed to pay back the loan amount with interest.
3. The obligors of the bond issuance are required to make periodic interest payments.
4. The obligors of the lease agreement are responsible for maintaining the property.
5. The obligors of the warranty are responsible for repairing or replacing any defective products.
6. The obligors of the insurance policy are obligated to pay the premiums on time.
7. The obligors of the franchise agreement are required to follow the franchisor's rules and regulations.
8. The obligors of the mortgage loan are required to provide collateral for the loan amount.
9. The obligors of the promissory note are responsible for paying back the principal amount plus interest.
10. The obligors of the security agreement are required to provide security for the loan.
11. The obligors of the performance bond must complete the project according to the agreed-upon specifications.
12. The obligors of the credit default swap must pay a premium to the counterparty in exchange for insurance against default.
13. The obligors of the guarantee agreement must provide a guarantee for the loan amount.
14. The obligors of the letter of credit must provide a payment guarantee to the beneficiary.
15. The obligors of the construction contract must complete the project on time and within the budget.
16. The obligors of the service contract must provide the agreed-upon services to the customer.
17. The obligors of the product warranty must provide repairs or replacements for defective products.
18. The obligors of the export credit guarantee must provide insurance to the exporter against non-payment by the foreign buyer.
19. The obligors of the performance guarantee must be capable of performing their obligations under the contract.
20. The obligors of the security deposit must ensure that the rented property is returned in good condition.
21. The obligors of the bridge loan must provide collateral for the loan amount.
22. The obligors of the standby letter of credit must provide a payment guarantee if the underlying obligation is not fulfilled.
23. The obligors of the swap agreement must exchange cash flows according to the agreed-upon terms.
24. The obligors of the surety bond must pay for any damages caused by their failure to perform their obligations.
25. The obligors of the supplier contract must provide the agreed-upon goods or services to the buyer.
26. The obligors of the distributor agreement must follow the distributor's rules and regulations.
27. The obligors of the intercreditor agreement must agree on the priority of their claims to the borrower's assets.
28. The obligors of the performance warranty must ensure that the product or service meets the specified performance standards.
29. The obligors of the revolving credit facility must repay the borrowed amount within the agreed-upon time frame.
30. The obligors of the purchase agreement are required to purchase the goods or services specified in the agreement.
Common Phases
not use quotation marks or parentheses.
1. The
obligors shall ensure timely payment; failure to do so will result in penalties.
2. The
obligors are jointly and severally responsible for fulfilling the terms of the contract; any breach by one obligor will be considered a breach by all.
3. The
obligors hereby agree to indemnify and hold harmless the lender from any claims or damages arising from their default; this obligation shall survive the termination of the contract.
4. Each obligor warrants that it has not filed for bankruptcy or insolvency; if an obligor becomes bankrupt, the remaining
obligors shall assume its obligations.
5. The
obligors acknowledge that they have read and understood the terms of the agreement; they agree to be bound by them.