We use cookies on our site to analyze traffic, enhance your experience, and provide you with tailored content.

For more information visit our privacy policy.

Common use of Joint and Several Clause in Contracts

Joint and Several. Regardless of any other provision in any of the Security Documents, all obligations and liabilities whatsoever of the Borrowers herein contained are joint and several and shall be construed accordingly. Each of the Borrowers agrees and consents to be bound by the Security Documents to which it becomes a party notwithstanding that the other Borrower may not do so or be effectually bound and notwithstanding that any of the Security Documents may be invalid or unenforceable against the other Borrower, whether or not the deficiency is known to any Bank.

Appears in 16 contracts

Samples: Facility Agreement for a Term Loan Facility (Navios Maritime Partners L.P.), Facility Agreement (Navios Maritime Partners L.P.), Facility Agreement (Navios Maritime Holdings Inc.)

AutoNDA by SimpleDocs

Joint and Several. Regardless of any other provision Notwithstanding anything to the contrary contained in any of the Security Documents, all the agreements, obligations and liabilities whatsoever of the Borrowers herein contained are joint and several and shall be construed accordingly. Each of the Borrowers agrees and consents to be bound by the Security Documents to which it becomes is, or is to be, a party notwithstanding that the other Borrower Borrowers which are intended to sign or to be bound may not do so or be effectually bound and notwithstanding that any of the Security Documents may be invalid or unenforceable against the other BorrowerBorrowers, whether or not the deficiency is known to any Bankof the Creditors.

Appears in 8 contracts

Samples: Loan Agreement (Aegean Marine Petroleum Network Inc.), Facility Agreement (Costamare Partners LP), Facility Agreement (Costamare Partners LP)

Joint and Several. Regardless of any other provision in any of the Security Documents, all obligations and liabilities whatsoever of the Borrowers herein contained are joint and several and shall be construed accordingly. Each of the Borrowers agrees and consents to be bound by the Security Documents to which it becomes a party notwithstanding that the other Borrower may not do so or be effectually bound and notwithstanding that any of the Security Documents may be invalid or unenforceable against the other Borrower, whether or not the deficiency is known to any the Bank.

Appears in 6 contracts

Samples: Facility Agreement (Navios Maritime Holdings Inc.), Facility Agreement (Navios Maritime Acquisition CORP), Facility Agreement (Navios Maritime Acquisition CORP)

Joint and Several. Regardless of any other provision Notwithstanding anything to the contrary contained in any of the Security Documents, all the agreements, obligations and liabilities whatsoever of the Borrowers herein contained are joint and several and shall be construed accordingly. Each of the Borrowers agrees and consents to be bound by the Security Documents to which it becomes is, or is to be, a party notwithstanding that each of the other Borrower Borrowers which is intended to sign or to be bound may not do so or be effectually bound and notwithstanding that any of the Security Documents may be invalid or unenforceable against the other BorrowerBorrowers or any of them, whether or not the deficiency is known to any the Bank.

Appears in 4 contracts

Samples: Loan Agreement (Aegean Marine Petroleum Network Inc.), Loan Agreement (Aegean Marine Petroleum Network Inc.), Loan Agreement (Aegean Marine Petroleum Network Inc.)

Joint and Several. Regardless of any other provision in any of the Security Documents, all obligations and liabilities whatsoever of the Borrowers herein contained are joint and several and shall be construed accordingly. Each of the Borrowers agrees and consents to be bound by the Security Documents to which it becomes a party notwithstanding that the other Borrower Borrowers may not do so or be effectually bound and notwithstanding that any of the Security Documents may be invalid or unenforceable against the other BorrowerBorrowers, whether or not the deficiency is known to any Bankthe Lender.

Appears in 3 contracts

Samples: Facility Agreement (Euroseas Ltd.), Facility Agreement (Navios Maritime Partners L.P.), Facility Agreement (EuroDry Ltd.)

Joint and Several. Regardless of any other provision Notwithstanding anything to the contrary contained in any of the Security Documents, all the agreements, obligations and liabilities whatsoever of the Borrowers herein contained are joint and several and shall be construed accordingly. Each of the Borrowers agrees and consents to be bound by the Security Documents to which it becomes is, or is to be, a party notwithstanding that the other Borrower Borrowers which are intended to sign or to be bound may not do so or be effectually bound and notwithstanding that any of the Security Documents may be invalid or unenforceable against any of the other BorrowerBorrowers, whether or not the deficiency is known to any the Bank.

Appears in 2 contracts

Samples: Loan Agreement (Top Tankers Inc.), Junior Loan Agreement (FreeSeas Inc.)

Joint and Several. Regardless of any other provision in any of the Security Documents, all obligations and liabilities whatsoever of the Borrowers herein contained are joint and several and shall be construed accordingly. Each of the Borrowers agrees and consents to be bound by the Security Documents to which it becomes a party notwithstanding that the other Borrower may not do so or be effectually bound and notwithstanding that any of the Security Documents may be invalid or unenforceable against the other Borrower, whether or not the deficiency is known to any BankCreditor Party.

Appears in 2 contracts

Samples: Facility Agreement (Navios Maritime Acquisition CORP), Facility Agreement (Navios Maritime Acquisition CORP)

Joint and Several. Regardless of any other provision Notwithstanding anything to the contrary contained in any of the Security Documents, all the agreements, obligations and liabilities whatsoever of the Borrowers herein contained are joint and several and shall be construed accordingly. Each of the Borrowers Borrower agrees and consents to be bound by the Security Documents to which it becomes is, or is to be, a party notwithstanding that the other Borrower Borrowers which are intended to sign or to be bound may not do so or be effectually bound and notwithstanding that any of the Security Documents may be invalid or unenforceable against the other BorrowerBorrowers, whether or not the deficiency is known to any the Bank.

Appears in 2 contracts

Samples: Supplemental Agreement, Supplemental Agreement (Gala Properties Inc.)

Joint and Several. Regardless of any other provision Notwithstanding anything to the contrary contained in any of the Security Documents, all the agreements, obligations and liabilities whatsoever of the Borrowers herein contained are joint and several and shall be construed accordingly. Each of the Borrowers agrees and consents to be bound by the Security Documents to which it becomes is, or is to be, a party notwithstanding that each of the other Borrower which is intended to sign or to be bound may not do so or be effectually bound and notwithstanding that any of the Security Documents may be invalid or unenforceable against the other Borrower, whether or not the deficiency is known to any the Bank.

Appears in 2 contracts

Samples: Supplemental Agreement (Aegean Marine Petroleum Network Inc.), Loan Agreement (Aegean Marine Petroleum Network Inc.)

AutoNDA by SimpleDocs

Joint and Several. Regardless of any other provision Notwithstanding anything to the contrary contained in any of the Security Documents, all the agreements, obligations and liabilities whatsoever of the Borrowers herein contained are joint and several and shall be construed accordingly. Each of the Borrowers agrees and consents to be bound by the Security Documents to which it becomes is, or is to be, a party notwithstanding that the other Borrower which is intended to sign or to be bound may not do so or may not be effectually bound and notwithstanding that any of the Security Documents may be invalid or unenforceable against the other Borrower, whether or not the deficiency is known to any the Bank.

Appears in 1 contract

Samples: Second Supplemental Agreement (Aegean Marine Petroleum Network Inc.)

Joint and Several. Regardless of any other provision Notwithstanding anything to the contrary contained in any of the Security Documents, all the agreements, obligations and liabilities whatsoever of the Borrowers herein contained are joint and several and shall be construed accordingly. Each of the Borrowers agrees and consents to be bound by the Security Documents to which it becomes is, or is to be, a party notwithstanding that the other Borrower which is intended to sign or to be bound may not do so or be effectually bound and notwithstanding that any of the Security Documents may be invalid or unenforceable against the other Borrower, whether or not the deficiency is known to any Bankof the Creditors.

Appears in 1 contract

Samples: Supplemental Agreement (Diana Shipping Inc.)

Joint and Several. Regardless of any other provision Notwithstanding anything to the contrary contained in any of the Security Documents, all the agreements, obligations and liabilities whatsoever of the Borrowers herein contained are joint and several and shall be construed accordingly. Each of the Borrowers agrees and consents to be bound by the Security Documents to which it becomes is, or is to be, a party notwithstanding that the other Borrower which is intended to sign or to be bound may not do so or be effectually bound and notwithstanding that any of the Security Documents may be invalid or unenforceable against the other Borrower, whether or not the deficiency is known to any the Bank.

Appears in 1 contract

Samples: Facility Agreement (Aegean Marine Petroleum Network Inc.)

Joint and Several. Regardless of any other provision Notwithstanding anything to the contrary contained in any of the Security Documents, all the agreements, obligations and liabilities whatsoever of the Borrowers herein contained are joint and several and shall be construed accordingly. Each of the Borrowers agrees and consents to be bound by the Security Documents to which it becomes is, or is to be, a party notwithstanding that any of the other Borrower Borrowers which is intended to sign or to be bound may not do so or may not be effectually bound and notwithstanding that any of the Security Documents may be invalid or unenforceable against any of the other BorrowerBorrowers, whether or not the deficiency is known to any the Bank.

Appears in 1 contract

Samples: Facility Agreement (Aegean Marine Petroleum Network Inc.)

Joint and Several. Regardless of any other provision in any of the Security Documents, all obligations and liabilities whatsoever of the Borrowers herein contained are joint and several and shall be construed accordingly. Each of the Borrowers agrees and consents to be bound by the Security Documents to which it becomes a party notwithstanding that the other Borrower may not do so or be effectually bound and notwithstanding that any of the Security Documents may be invalid or unenforceable against the other Borrower, whether or not the deficiency is known to any Bankof the Lender.

Appears in 1 contract

Samples: Loan Agreement (NewLead Holdings Ltd.)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!