Common use of Multiple Guarantors; Joint and Several Liability Clause in Contracts

Multiple Guarantors; Joint and Several Liability. When this Guaranty is executed by more than one Guarantor, the word "Guarantor" shall mean all and any one or more of them, and the obligations of all Persons signing this Guaranty shall be joint and several.

Appears in 3 contracts

Samples: Subsidiary Guaranty (Arbitron Inc), Security Agreement (Arbitron Inc), Guaranty (Commtouch Software LTD)

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Multiple Guarantors; Joint and Several Liability. When this Guaranty is executed by more than one Guarantor, the word "β€œGuarantor" ” shall mean all and any one or more of them, and the obligations of all Persons signing this Guaranty shall be joint and several.

Appears in 1 contract

Samples: Guaranty (Aksys LTD)

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