JOINT AND SEVERALLY LIABILITY Sample Clauses

JOINT AND SEVERALLY LIABILITY. Should there be more than one Purchaser, the Purchasers shall be liable jointly and severally and in solidum for the payment of all monies hereunder and for the carrying out of all the terms of this Agreement.
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JOINT AND SEVERALLY LIABILITY. Should there be more than one PURCHASER, the PURCHASERS shall be liable jointly and severally and in solidum for the payment of all monies hereunder and for the carrying out of all the terms of this contract.
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JOINT AND SEVERALLY LIABILITY. Guarantor shall be jointly and ----------------------------- severally liable to Lender with any and all other guarantors which execute a guaranty at any time in favor of Lender with respect to the Note or any other Loan Document.
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JOINT AND SEVERALLY LIABILITY. All obligations of Borrower under this Agreement shall be joint and several, and all references to Borrower shall mean each and every Borrower. This means that each Borrower signing below is responsible for all obligations on this Agreement. Where any one or more of the parties is a corporation, partnership, limited liability company or similar entity, it is not necessary for Lender to inquire into the powers of any of the officers, directors, partners, members, or other agents acting or purporting to act on the entity’s behalf, and any obligations made or created in reliance upon the professed exercise of such powers shall be guaranteed under this Agreement.
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JOINT AND SEVERALLY LIABILITY. It is understood and agreed that each party signing this Rental Agreement is liable for the full amount of any and all financial obligation herein and is further agreed that each and all of the signors herein are jointly and severally liable for any and all financial obligations.
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JOINT AND SEVERALLY LIABILITY. To the extent permitted by law, except as ----------------------------- otherwise provided herein, the Company and the Bank shall be jointly and severally liable for the payment of all amounts due under this Agreement.
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JOINT AND SEVERALLY LIABILITY. Sellers hereby acknowledge and agree that they are jointly and severally liable to Buyers for all representations, warranties, covenants, obligations and liabilities of each Sellers under the Repurchase Agreement. Sellers hereby further acknowledge and agree that (a) a Default or an Event of Default is hereby considered a Default or an Event of Default by each Seller and (b) Buyers shall have no obligation to proceed against one Seller before proceeding against the other Seller. Sellers hereby waive any defense to their obligations under the Repurchase Agreement based upon or arising out of the disability or other defense or cessation of liability of one Seller versus the other. A Sellers’ subrogation claim arising from payments to Buyer shall constitute a capital investment in another Seller (a) subordinated to any claims of Buyer, and (b) equal to a ratable share of the equity interests in such Seller. [Signature Page Follows]
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JOINT AND SEVERALLY LIABILITY. If two or more people have signed this Agreement, they are jointly and severally liable for the terms and conditions of this Agreement. This means that each one of them is fully responsible for making sure that all the conditions in this Agreement are kept to, including payment of rent. You can apply for a joint tenant to be added to the tenancy: see paragraph 4.1 below.
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Related to JOINT AND SEVERALLY LIABILITY

  • Joint and Several If there is more than one Tenant, the obligations imposed upon Tenant under this Lease shall be joint and several.

  • Joint and Several Liability Each Borrower agrees that it is jointly and severally liable for, and absolutely and unconditionally guarantees to Agent and Lenders the prompt payment and performance of, all Obligations and all agreements under the Loan Documents. Each Borrower agrees that its guaranty obligations hereunder constitute a continuing guaranty of payment and not of collection, that such obligations shall not be discharged until Full Payment of the Obligations, and that such obligations are absolute and unconditional, irrespective of (a) the genuineness, validity, regularity, enforceability, subordination or any future modification of, or change in, any Obligations or Loan Document, or any other document, instrument or agreement to which any Obligor is or may become a party or be bound; (b) the absence of any action to enforce this Agreement (including this Section) or any other Loan Document, or any waiver, consent or indulgence of any kind by Agent or any Lender with respect thereto; (c) the existence, value or condition of, or failure to perfect a Lien or to preserve rights against, any security or guaranty for the Obligations or any action, or the absence of any action, by Agent or any Lender in respect thereof (including the release of any security or guaranty); (d) the insolvency of any Obligor; (e) any election by Agent or any Lender in an Insolvency Proceeding for the application of Section 1111(b)(2) of the Bankruptcy Code; (f) any borrowing or grant of a Lien by any other Borrower, as debtor-in-possession under Section 364 of the Bankruptcy Code or otherwise; (g) the disallowance of any claims of Agent or any Lender against any Obligor for the repayment of any Obligations under Section 502 of the Bankruptcy Code or otherwise; or (h) any other action or circumstances that might otherwise constitute a legal or equitable discharge or defense of a surety or guarantor, except Full Payment of all Obligations.

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