BY EACH OWNER Clause Samples
The "BY EACH OWNER" clause establishes that certain rights, responsibilities, or actions outlined in the agreement apply individually to each owner involved. In practice, this means that each owner is independently accountable for fulfilling obligations or exercising rights, such as making payments, providing approvals, or complying with specific terms, regardless of the actions or inactions of other owners. This clause ensures that all owners are equally and separately bound by the agreement, preventing any ambiguity about collective versus individual responsibility and reducing the risk of disputes over shared obligations.
BY EACH OWNER. Each Owner represents and warrants to Apple that, as applied solely to himself, all the following representations and warranties in this Article III are as of the date of this Agreement, and will be, as amended or supplemented pursuant to Section 6.08, on the date of the Closing and the IPO Closing Date, true and correct:
(a) the representations and warranties contained in Article III of the Uniform Provisions (the text of which Article hereby is incorporated herein by this reference) are true and correct as applied solely to himself, and his agreements set forth in that Article hereby are agreed to.