Several and Joint Sample Clauses
The 'Several and Joint' clause defines the liability of multiple parties under a contract, specifying that each party is individually (severally) and collectively (jointly) responsible for fulfilling the obligations. In practice, this means that a creditor can pursue any one party for the full amount owed, or all parties together, regardless of their individual share. This clause ensures that if one party fails to perform or pay, the others can be held fully accountable, thereby protecting the interests of the other contracting party and reducing the risk of non-performance or non-payment.
Several and Joint. In performing their respective obligations under this Agreement, the Underwriters shall be acting severally and not jointly and severally. Nothing in this Agreement is intended to create any relationship in the nature of a partnership, or joint venture between the Underwriters.
Several and Joint. In performing their respective obligations under this Agreement, the Underwriters shall be acting severally and not jointly and
Several and Joint. In performing their respective obligations under this Agreement, the Agents shall be acting severally and not jointly and severally. Nothing in this Agreement is intended to create any relationship in the nature of a partnership, or joint venture between the Agents.
Several and Joint. RESPONSIBILITY OF THE MEMBER AND SUPPLEMENTARY CARD HOLDER(S) The Member and/or Supplementary Card Holder(s) are severally and jointly responsible for the expenditures and transactions made with the card and also for the debts, fees, profit shares, exchange losses, funds and taxes pertaining thereto and for the misuse of the cards. The Member and/or Supplementary Card Holder(s) agree and undertake to cover all the damage and loss of the Bank which may arise in any such case in their capacity as the several and joint debtors.
Several and Joint. In performing their respective obligations under this Agreement, the Underwriters shall be acting severally and not jointly and severally. Nothing in this Agreement is intended to create any relationship in the nature of a partnership, or joint venture between the Underwriters. The obligations of the Company and the Selling Shareholder under this Agreement are several and not joint (or joint and severally). In performing their respective obligations under this Agreement, the Corporation and the Selling Shareholder shall be acting severally and not jointly and severally. Nothing in this Agreement is intended to create any relationship in the nature of a partnership, or joint venture between the Corporation and the Selling Shareholder.
Several and Joint. In performing their obligations under this Agreement, the Underwriters shall be acting severally and not jointly or jointly and severally. Notwithstanding the foregoing provisions of this Section 4, an Underwriter will not be liable to the Company under this Section 4 with respect to a default under this Section 4 by another Underwriter. No Underwriter will be liable for any act or omission of any other Underwriter.