Common use of Joint & Several Liability Clause in Contracts

Joint & Several Liability. 9.1 If your loan is a loan in joint names, the obligations of the joint loan account holders to us under these terms and conditions and credit agreement, in respect of all operations of the account are joint and several. 9.2 Loan related documents must be signed by all parties. 9.3 Payments from a joint loan account will be made in accordance with the latest signing instructions governing the operation of the joint account. 9.4 Correspondence and notices in relation to a joint loan will be sent by us to the first named person on the account. Such correspondence and notices will be deemed by us to have been received by all parties to the loan.

Joint & Several Liability. 9.1 If your loan is a loan in joint names, the obligations of the joint loan account holders to us under these terms and conditions and credit agreement, in respect of all operations of the account are joint and several. 9.2 Loan related documents must be signed by all parties. 9.3 Payments from a joint loan account will be made in accordance with the latest signing instructions governing the operation of the joint account. 9.4 9.3 Correspondence and notices in relation to a joint loan will be sent by us to the first named person on the account. Such correspondence and notices will be deemed by us to have been received by all parties to the loan.