Joint and Several Obligations definition

Joint and Several Obligations means only the financial obligations of Aames under the Designated Agreement (including the payment of money damages for a breach of any of Aames' obligations under the Designated Agreement, whether financial or otherwise) but shall not include any obligations not relating to the payment of money. As a condition of its execution of the Designated Agreement, the Underwriters have required the undersigned, Aames Financial Corporation ("AFC"), the parent corporation of Aames, to acknowledge its joint and several liability with Aames for the payment of the Joint and Several Obligations under the Designated Agreement. Now, therefore, the Underwriters and AFC do hereby agree that:
Joint and Several Obligations means only the financial obligations of Advanta under the Designated Agreements (including the payment of money damages for a breach of any of Advanta's obligations under the Designated Agreements, whether financial or otherwise) but shall not include any obligations not relating to the payment of money. As a condition of their respective executions of the Underwriting Agreement and of the Indemnification Agreement, the Underwriters and the Certificate Insurer have required the undersigned, Advanta Mortgage Holding Company ("AMHC"), the parent corporation of Advanta, to acknowledge its joint-and- several liability with Advanta for the payment of the Joint and Several Obligations under the Designated Agreements. Now, therefore, the Underwriters, the Certificate Insurer and AMHC do hereby agree that:
Joint and Several Obligations means only the financial obligations of Franklin Capital under the Underwriting Agreement (including the payment of money damages for a breach of any of Franklin Capital's obligations under the Underwriting Agreement, whether financial or otherwise) but shall not include any obligations not relating to the payment of money. As a condition of its execution of the Underwriting Agreement, the Underwriter has required the undersigned, Franklin Resources, Inc. ("Franklin Resources"), the parent corporation of Franklin Capital, to acknowledge its joint and several liability with Franklin Capital for the payment of the Joint and Several Obligations under the Underwriting Agreement. Now, therefore, the Underwriter and Franklin Resources do hereby agree that:

Examples of Joint and Several Obligations in a sentence

  • When any Party becomes aware of such a situation, it shall notify the other Parties promptly so that the Parties can discuss the amendment to this Agreement that is appropriate under the circumstances.29.5 Joint and Several Obligations.

  • To the extent permitted by applicable law, each Borrower hereby expressly waives diligence, presentment, demand of payment, protest and all notices whatsoever, and any requirement that any Secured Party exhaust any right, power or remedy or proceed against the other Borrower under this Agreement or any other agreement or instrument referred to herein or therein, or against any person under any other guarantee of, or security for, any of the Joint and Several Obligations.

  • The Borrowers’ Joint and Several Obligations shall not be conditioned or contingent upon the pursuit by the Secured Parties or any other person at any time of any right or remedy against the Borrowers or either of them or against any other person which may be or become liable in respect of all or any part of the Joint and Several Obligations or against any collateral security or guarantee therefor or right of offset with respect thereto.

  • Franklin Resources may honor its obligations hereunder either by direct payment of any Joint and Several Obligations or by causing any Joint and Several Obligations to be paid to the Underwriter by Franklin Capital or another affiliate of Franklin Resources.

  • Borrower Representative; Joint and Several Obligations of the Borrowers; Release of Subsidiary Borrowers 111 Section 3.01.


More Definitions of Joint and Several Obligations

Joint and Several Obligations means only the financial obligations of ACRI xxxer the Designated Agreements (including the payment of money damages for a breach of any of ACRI'x xxxigations under the Designated Agreement, whether financial or otherwise) but shall not include any obligations not relating to the payment of money. As a condition of their respective executions of the Underwriting Agreement and of the Insurance Agreement, the Representative and the Certificate Insurer have required the undersigned, Advanta Mortgage Holding Company ("AMHC"), the indirect parent corporation of ACRI, xx acknowledge its joint-and-several liability with ACRI xxx the payment of the Joint and Several Obligations under the Designated Agreements. 3 Now, therefore, the Representative, the Certificate Insurer and AMHC do hereby agree that:
Joint and Several Obligations has the meaning assigned thereto in Section 2.21(a).
Joint and Several Obligations means only the financial obligations of AMCUSA and the Sponsor under the Agreement (including the payment of money damages for a breach of any of AMCUSA's or the Sponsor's obligations under the Agreement, whether financial or otherwise) but shall not include any obligations not relating to the payment of money (e.g., the obligation to service the Mortgage Loans). The Insurer has required the undersigned, Advanta Mortgage Holding Company ("AMHC"), the parent corporation of AMCUSA and the indirect corporate parent of the Sponsor, to acknowledge its joint-and-several liability with AMCUSA and the Sponsor for the payment of the Joint and Several Obligations under the Agreement.
Joint and Several Obligations means only the financial obligations of Advanta under the Underwriting Agreement (including the payment of money damages for a breach of any of Advanta's obligations under the Underwriting Agreement, whether financial or otherwise) but shall not include any obligations not relating to the payment of money. As a condition of their respective executions of the Underwriting Agreement, the Representative has required the undersigned, Advanta Mortgage Holding Company ("AMHC"), the parent corporation of Advanta, to acknowledge its joint-and-several liability with Advanta for the payment of the Joint and Several Obligations under the Underwriting Agreement. Now, therefore, the Underwriter, the Certificate Insurer and AMHC do hereby agree that:
Joint and Several Obligations. Party" shall mean Landlord and Tenant; and if more than one person or entity is the Landlord or Tenant, the obligations imposed on the party shall be joint and several.
Joint and Several Obligations means only the financial obligations of AMCUSA, the Sponsor or any Affiliated Originator under either of the Agreements (including the payment of money damages for a breach of any of AMCUSA's, the Sponsor's or any Affiliated Originator's obligations under either of the Agreements, whether financial or otherwise) but shall not include any obligations not relating to the payment of money (e.g., the obligation to service the Mortgage Loans). The Certificate Insurer has required the undersigned, Advanta Mortgage Holding Company ("AMHC"), the parent corporation of AMCUSA and the indirect corporate parent of the Sponsor, to acknowledge its joint-and-several liability with AMCUSA, the Sponsor and the Affiliated Originators for the payment of the Joint and Several Obligations under the Agreements. Now, therefore, the Trust, the Certificate Insurer and AMHC do hereby agree that:
Joint and Several Obligations means only the financial obligations of the Sponsor and the Originators under the Designated Agreements (including the payment of money damages for a breach of any of the Sponsor's and the Originators' obligations under the Designated Agreements, whether financial or otherwise) but shall not include any obligations not relating to the payment of money. 33 As a condition of their respective executions of the Designated Agreements, the Underwriter and the Insurer have required the undersigned, Advanta Mortgage Holding Company ("AMHC"), the parent corporation of the Sponsor and the Originators, to acknowledge its joint-and-several liability with the Sponsor and the Originators for the payment of the Joint and Several Obligations under the Designated Agreements. Now, therefore, the Underwriter, the Insurer and AMHC do hereby agree that: