Common use of Joint Account Clause in Contracts

Joint Account. 5.1 Each Joint Account Holder jointly and severally agrees to all the terms in this Agreement and/or any Applicable Agreement and shall be jointly and severally liable for all obligations and Liabilities incurred on or in respect of such Joint Account and pursuant to this Agreement and/or any Applicable Agreement. The Liability of each Joint Account Holder shall not be discharged or affected in any way by the death or incapacity of any other Joint Account Holder.

Joint Account. 5.1 Each Joint Account Holder A4.1 For joint Account, this Agreement is jointly and severally agrees to all the terms in this Agreement and/or any Applicable Agreement and shall be jointly and severally liable for all obligations and Liabilities incurred binding on or in respect each of such you (“Joint Account and pursuant Holder”) irrespective of any lack of validity or enforceability with regard to this Agreement and/or any Applicable Agreement. The Liability of each Joint Account Holder shall not be discharged or affected in any way by the death or incapacity or bankruptcy or liquidation of any other Joint Account Holder. No Joint Account Holder shall be entitled to enforce any rights or remedies under the Joint Account or otherwise until all liabilities of any other Joint Account Holders to the Bank have been fully satisfied.