Common use of Joint Clients Clause in Contracts

Joint Clients. Client, being the holder of the Account, may be comprised of two or more persons. If Client comprises more than one person, then the Account must be established in all of Client’s names as joint tenants. Global Prime may discharge Global Prime’s duties to all of those persons by sending notices or payments to any one of them. Each person constituting Client, the holder of the Account, is jointly and severally liable for the obligations under these Terms, and Global Prime may act on the instructions of any one of those persons.

Appears in 2 contracts

Samples: Account Agreement, Prime Account Agreement

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