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- noun Plural form of
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If the lender is considering a consensual workout, the lender should consider entering into a pre-negotiation agreement with the borrower, the guarantors or joinder parties, and any third-party pledgors or indemnitors before starting negotiations.
However, such waivers are often missing in other loan documents when the loan involves co-borrowers or third-party pledgors of collateral.
Holdings LLC, as pledgors, in favor of the UST (the "Equity Pledge Agreement").