Joint and Several Liability - Where the Lead Applicant Institution is neither a company nor an incorporated entity with a distinct legal personality of its own, the individuals who enter into and sign this Agreement on behalf of the Lead Applicant shall be jointly and severally liable for the Lead Applicant's obligations and liabilities arising under this Agreement.
Joint and Several Liability - Where more than one person is named as the Tenant in the First Schedule hereto all such persons shall sign this Agreement and shall be jointly and severally liable for the performance and observance of the terms, conditions and agreements contained herein and on the part of the Tenant to be performed and observed. THE FIRST SCHEDULE ABOVE REFERRED TO ------------------------------------ Name address and description of parties hereto Landlord: Hongkong Finance Property Company Limited whose registered office is situate at 12th Floor, First Pacific Bank Centre, No.51-57 Gloucester Road, Xxxxxxx, Xxxx Xxxx. Xxxxxx: XXXXXXXX XXXXXXXTES LIMITED whose registered office is situate at 17th floor, No. 53-55 Lockhart Road Wancxxx, Xxxx Xxxx. THE SECOND SCHEDULE ABOVE REFERRED TO ------------------------------------- PREMISES: ALL THAT Unit No. A on the 12th Floor of First Pacific Bank Centre, 56 Xxxxxxxxxx Xxxx, Xxxxxxx, Xxxx Xxxx xxxxxxx xx Xxx Xxxxxxxxx Xortion of Inland Lot No. 2818, The Remaining Portion of Section D of Inland Lot No. 2818, The Remaining Portion of Section F of Inland Lot No. 2817 and Section M of Inland Lot No. 2817. THE THIRD SCHEDULE ABOVE REFERRED TO ------------------------------------ Part I Term: Two years. Part II Commencement Date: 1st December 1998 Part III Expiry Date: 30th November 2000 The Parties here by agreed that: After the first 12 months of the TENANCY, the Tenant shall have an option for early termination for the Tenancy and be released from the obligation of the terms of agreement upon that giving (3) months prior notice or by paying the sum equivalent to the (3) months rent in lieu of notice.
Joint and Several Liability - Where a party to this Agreement consists of two or more persons (whether as partners or otherwise) their liability hereunder shall be joint and several. An Event of Default shall be deemed to have occurred with respect to both or all of such persons if any such event occurs in respect of any one of them. All representations, warranties, statements, undertakings, terms and conditions made, or agreed to, by a party shall be deemed to have been made by both or all of such persons. Each of such persons hereby irrevocably authorises each of the others to give and receive all communications hereunder and irrevocably authorises the other party or parties to this Agreement to act on the basis of such communication and to give any communication hereunder to any of <PAGE> [THE ROYAL BANK OF SCOTLAND LETTERHEAD] the others. If a party receives conflicting notices it may act or decline to act on the basis thereof as it, in its sole discretion, thinks fit. References in this Agreement to a party that consists of two or more persons (whether as partners or otherwise) as "it" or "its" will be replaced with the words "them", "they" or "their" as appropriate in so far as they apply to that party. 15.
