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.
Joint and Several Obligations 1.A joint and several obligation (or liability) or a joint and several claim arises if the joint and several nature of the duty or claim is provided by contract or established by a statute, in particular in case of indivisibility of the subject of the obligation.
Joint and Several Obligations The Issuer and any other member of the Group that is subject to the Reorganization Plan (collectively, the “Obligors”) will be fully, jointly and severally liable for the full and punctual payment of principal, premium, if any, interest, including any additional amounts, and any other amounts that may become due and payable by us in respect of the Indenture and the notes.
Borrower Representative; Joint and Several Obligations of the Borrowers; Release of Subsidiary Borrowers 111 ARTICLE 3 TAXES, INCREASED COSTS PROTECTION AND ILLEGALITY Section 3.01.
Joint and Several Obligations: Where the Customer and/or the Guarantor shall consist of more than one person, the obligations of the Customer and/or the Guarantor, as the case may be, under this Agreement shall be joint and several.