JOINT AND SEVERAL RESPONSIBILITY Sample Clauses

JOINT AND SEVERAL RESPONSIBILITY. Parent, the Company and Merger Sub are jointly and severally responsible for the performance of all actions, and the payment of all sums, required under this Agreement of either such party.
AutoNDA by SimpleDocs
JOINT AND SEVERAL RESPONSIBILITY. Each of First Ecom and FEDS Asia acknowledge and agree that they are entering into this Agreement, and that they make the representations, warranties, covenants, agreements, indemnities and other undertakings and responsibilities of Licensor set forth herein, jointly and severally, with full recourse on the part of Licensee to either or both of them for the obligations and undertakings of Licensor contained herein. In this respect, each of First Ecom and FEDS Asia joins in this Agreement as primary obligor and not as surety, and Licensee shall not be required to proceed first against or exhaust its remedies against either of First Ecom or FEDS Asia as a condition to proceeding hereunder against the other with respect to any claim arising hereunder. Further, each of First Ecom and FEDS Asia hereby irrevocably and exclusively appoints First Ecom as its agent and attorney-in-fact for the giving or receipt of all notices or payments, the granting of all consents, approvals, or waivers, and the taking of all such other actions and making of all such other elections and/or decisions as shall be explicitly or implicitly provided or permitted herein to be given, received, granted, taken or made by or on behalf of Licensor or either of them (it being understood that omitting to take any action or make any election or decision shall be deemed the taking of an action or the making of any election or decision for this purpose), and to do all such acts and things as may in the opinion of such attorney-in-fact be reasonably necessary or reasonably expedient for the purposes thereof, or in connection therewith, the Licensee shall be entitled to rely conclusively on any of the foregoing as the action, decision or election, as the case may be, of each and both of First Ecom and FEDS Asia. Each of First Ecom and FEDS Asia agrees that the foregoing appointment constitutes a power coupled with an interest and shall be binding upon its successors and assigns. Any payments received by First Ecom hereunder that properly belong to FEDS Asia shall be held by First Ecom in trust for the benefit of FEDS Asia, and FEDS Asia hereby releases, discharges and agrees to hold harmless Licensee for any amounts payable to FEDS Asia that Licensee pays to First Ecom.
JOINT AND SEVERAL RESPONSIBILITY. If this Security Agreement is executed by more than one Debtor, the obligations of all such Debtors shall be joint and several.
JOINT AND SEVERAL RESPONSIBILITY. Each resident who signed the Lease Contract must sign this Animal Addendum. You, your guests, and any occupants must follow all animal rules. Each resident is jointly and severally liable for damages and all other obligations set forth in this Animal Addendum, even if the resident does not own the animal.
JOINT AND SEVERAL RESPONSIBILITY. Each resident is jointly and severally liable for all lease obligations. If you or any guest or occupant violates the Lease Contract or rules, all residents are considered to have violated the Lease Contract. Our requests and notices (including sale notices) to any resident constitute notice to all residents and occupants. Notices and requests from any resident or occupant (including notices of lease termination, repair requests, and entry permissions) constitute notice from all residents. In eviction suits, each resident is considered the agent of all other residents in the apartment for service of process. Security-deposit refunds and deduction itemizations of multiple residents will comply with paragraph 52 (Deposit Return, Surrender, and Abandonment).
JOINT AND SEVERAL RESPONSIBILITY. It is agreed that if the loan is granted to a Borrower and a Co-borrower, they are jointly and severally responsible for the total Loan Amount.
JOINT AND SEVERAL RESPONSIBILITY. The Company and Edgewater Delaware covenant and agree that the liability of each under this Agreement shall be primary, that the Company and Edgewater Delaware shall be jointly and severally liable for any and all obligations of each of the Company and Edgewater Delaware under this Agreement, and that in any right of action which shall accrue to Employee under this Agreement, Employee may, at Employee’s option, proceed against the Company and Edgewater Delaware, jointly or severally, and may proceed against either the Company or Edgewater Delaware without having commenced any action against or having obtained any judgment against the other.
AutoNDA by SimpleDocs
JOINT AND SEVERAL RESPONSIBILITY. All parties are jointly and severally responsible for complying with their respective duties in Lease. All Tenants are responsible for making timely payment of rent and keeping Premises clean.
JOINT AND SEVERAL RESPONSIBILITY. It is agreed that multiple members, co-signers and guarantors are jointly and severally responsible for all terms of this agreements.
JOINT AND SEVERAL RESPONSIBILITY. Parent, River and Merger Sub are jointly and severally responsible for the performance of all actions, and the payment of all sums, required under this Agreement of either such party.
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!