Common use of Joint and Several Obligation Clause in Contracts

Joint and Several Obligation. If Maker is more than one person ---------------------------- or entity, then (a) all persons or entities comprising Maker are jointly and severally liable for all of the Maker's obligations hereunder; (b) all representations, warranties, and covenants made by Maker shall be deemed representations, warranties, and covenants of each of the persons or entities comprising Maker; (c) any breach, Default or Event of Default by any of the persons or entities comprising Maker hereunder shall be deemed to be a breach, Default, or Event of Default of Maker; and (d) any reference herein contained to the knowledge or awareness of Maker shall mean the knowledge or awareness of any of the persons or entities comprising Maker.

Appears in 7 contracts

Samples: Promissory Note (Windsor Park Properties 7), Promissory Note (Windsor Park Properties 5), Promissory Note (Windsor Park Properties 5)

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Joint and Several Obligation. If Maker is more than one person ---------------------------- or entity, then then: (a) all persons or entities comprising Maker are jointly and severally liable for all of the Maker's ’s obligations hereunder; (b) all representations, warranties, warranties and covenants made by Maker shall be deemed representations, warranties, warranties and covenants of each of the persons or entities comprising Maker; (c) any breach, Default or Event of Default by any of the persons or entities comprising Maker hereunder shall be deemed to be a breach, Default, Default or Event of Default of Maker; and (d) any reference herein contained to the knowledge or awareness of Maker shall mean the knowledge or awareness of any of the persons or entities comprising Maker.

Appears in 5 contracts

Samples: Open End Mortgage, Assignment of Leases and Rents, Security Agreement and Fixture Filing (GTJ REIT, Inc.), Open End Mortgage, Assignment of Leases and Rents, Security Agreement and Fixture Filing (GTJ REIT, Inc.), Open End Mortgage, Assignment of Leases and Rents, Security Agreement and Fixture Filing (GTJ REIT, Inc.)

Joint and Several Obligation. If Maker is more than one person or ---------------------------- or entity, then then (a) all persons or entities comprising Maker are jointly and severally liable for all of the Maker's obligations hereunder; (b) all representations, warranties, and covenants made by Maker shall be deemed representations, warranties, and covenants of each of the persons or entities comprising Maker; (c) any breach, Default or Event of Default by any of the persons or entities comprising Maker hereunder shall be deemed to be a breach, Default, or Event of Default of Maker; and (d) any reference herein contained to the knowledge or awareness of Maker shall mean the knowledge or awareness of any of the persons or entities comprising Maker.

Appears in 2 contracts

Samples: Promissory Note (Windsor Park Properties 7), Promissory Note (Windsor Park Properties 5)

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Joint and Several Obligation. If Maker is more than one person ---------------------------- or entity, then (a) all persons or entities comprising Maker are jointly and severally liable for all of the Maker's obligations hereunder; (b) all representations, warranties, and covenants made by Maker shall be deemed representations, warranties, and covenants of each of the persons or entities comprising Maker; (c) any breach, Default or Event of Default by any of the persons or entities comprising Maker hereunder shall be deemed to be a breach, Default, or Event of Default of Maker; and (d) any reference herein contained to the knowledge or awareness of Maker shall mean the knowledge or awareness of any of the persons or entities comprising Maker.

Appears in 2 contracts

Samples: Promissory Note (Acadia Realty Trust), Promissory Note (Sonesta International Hotels Corp)

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