In this Lease. 1.2.1 Words importing the singular shall include the plural and words importing the masculine gender shall include the feminine gender and vice versa. Where there are two or more persons included in the expression "the Tenants", obligations expressed to be undertaken by the Tenants shall be deemed to be undertaken by such persons jointly and severally. The word "person" shall mean an individual, partnership, company, public authority or any other body whatsoever. 1.2.2 If the Tenants consist of a firm or partnership the obligations of the Tenants shall be binding jointly and severally not only on all persons who are partners of the firm at the time that this Lease is executed but also on all persons who shall become partners of the firm at any time during the Duration and their respective executors and representatives whomsoever as well as on the firm and its whole assets and such obligations shall subsist notwithstanding any change or changes which may take place in the name of the firm or constitution of the partnership. The retiral, death or outgoing of any individual partner shall not of itself discharge such a partner or his executors from such partner's joint and several liability in terms of this Lease but the Landlords’ consent will not be unreasonably withheld or delayed to the discharge of any retiring or outgoing partner or the estate of any deceased partner where the remaining partners are demonstrably capable of fulfilling the obligations of the Tenants under this
Appears in 2 contracts
Sources: Credit, Security and Guaranty Agreement, Credit, Security and Guaranty Agreement (Quotient LTD)