JOINT AND SEVERAL LEASE Sample Clauses

JOINT AND SEVERAL LEASE. It means that all the Tenants as a group and each of the Tenants as an individual are responsible to the Landlord for all of the agreements of this lease. For example, if the rent is not paid, the Landlord can sue all the Tenant’s (Jointly) for any unpaid rent. Or, Landlord can sue any one Tenant separately (Severally) for all the unpaid rent. If Xxxxxx breaks this lease, Xxxxxx agrees to give up the right to have a Notice to Leave, also known as a Notice to Quit. This means that the Landlord may file a lawsuit in court asking for a court order evicting Tenant from the Leased Premises without first giving Tenant Notice to Quit. The Landlord can only evict Tenant by court order. The Landlord does not have the right to sue in court for eviction unless Xxxxxx has broken the agreements in this lease. Even though Xxxxxx is waiving the right to Notice to Quit, Xxxxxx will have notice of any eviction proceeding and any opportunity to be heard in court and to have a judge decide the Landlord’s claim for eviction. Tenants to initial above own name: Xxxxx Xxxxxx, Xxxx Xxxxx, Xxxxxxxx Xxxx, Xxxxx Xxxxxxxxx, If Tenant Breaks This Lease the Landlord May Sue Each Tenant in Court: • To collect overdue Rent, late charges and money damages caused by Xxxxxx’s breaking the agreements in the Lease. • To evict Tenant and regain possession of the Leased Premises. • To collect for unpaid Rent until the end of the Lease Term or until another person leases the Leased Premises as a new Tenant. If Landlord succeeds in any lawsuit against Xxxxxx, Landlord can use the court process to take possession of Xxxxxx’s personal property, goods, furniture, motor vehicles, and money in banks. Xxxxxx agrees that, if successful, Landlord may receive reasonable attorney’s fees as part of a court order in a lawsuit against Tenant for breach, in whole or in part, of the agreements set forth in this Lease and any agreements incorporated herein.
Sample 1Sample 2See All (5)
AutoNDA by SimpleDocs
JOINT AND SEVERAL LEASE. Tenant understands and acknowledges that this is a joint and several lease whereby each Tenant is jointly and individually liable for all obligations under this Lease, including but not limited to rent monies. Joint and several liability means that all Tenants as a group, and each of the Tenants as an individual or one or more of the Tenants, are responsible to Landlord for all of the agreements of this Lease. In other words, if any Tenant, guests, or occupant violates this Lease, all Tenants are considered to have violated the Lease. For example, if the rent is not paid (or timely paid), Landlord can xxx all of the Tenants (jointly) for any unpaid rent; or, Landlord can bring a suit against any one Tenant, or one or more Tenants, separately (severally) for all of the unpaid rent/fees. Landlord can choose to pursue collection on one or more Tenants or all Tenants. Further, Landlord’s requests and notices to any one Tenant, or one or more Tenant, constitute notice to all Tenants and occupants. Notices and requests from any one Tenant or occupant (including repair requests and entry permissions) constitute notice from all Tenants. In eviction suits, each Tenant is considered the agent of all other Tenants in the leased property for service of process.
Sample 1Sample 2See All (4)
JOINT AND SEVERAL LEASE. If this is NOT a JOINT AND SEVERAL LEASE, then the landlord can only xxx one tenant for that tenant’s violation of the lease. If this IS a JOINT AND SEVERAL LEASE, it means that all the tenants as a group and each of the tenants as an individual are responsible to landlord for all of the agreements of this lease. For example, if the rent is not paid, landlord can xxx all of the tenants (jointly) for any unpaid rent. Or, landlord can bring a suit against any one tenant separately (severally) for all of the unpaid rent. TENANT VIOLATES THIS LEASE IF TENANT:
Sample 1
JOINT AND SEVERAL LEASE. This IS NOT a
Sample 1Sample 2
JOINT AND SEVERAL LEASE. This is a joint and several lease such that each person signing the Lease as “TENANT” is jointly and severally (individually) liable for the TENANT’S obligations set forth herein.
Sample 1
JOINT AND SEVERAL LEASE. This is a joint and several lease such that each Resident and/or their co-signer is jointly and severally (individually) liable for the total rent agreed to in this lease and any damages or costs.
Sample 1
JOINT AND SEVERAL LEASE. It means that all of the Tenants as a group and each of the Tenants as an individual are responsible to the Landlord for all of the agreements of this lease. For example, if the rent is not paid, the Landlord can xxx all of the Tenant’s (Jointly) for any unpaid rent. Or, Landlord can bring suit against any one Tenant separately (Severally) for all of the unpaid rent. If Tenant breaks this lease, Tenant agrees to give up the right to have a Notice to Leave, also known as a Notice to Quit. This means that the Landlord may file a lawsuit in court asking for a court order evicting Tenant from the Leased Premises without first giving Tenant Notice to Quit. . The Landlord can only evict Tenant by court order. The Landlord does not have the right to xxx in court for eviction unless Tenant has broken the agreements in this lease. Even though Tenant is waiving the right to Notice to Quit, Tenant will have notice of any eviction proceeding and any opportunity to be heard in court and to have a judge decide the Landlord’s claim for eviction. Tenants to initial above own name: Xxx Xxxxx
Sample 1
AutoNDA by SimpleDocs

Related to JOINT AND SEVERAL LEASE

  • Joint and Several Liabilities 10 Sector members acknowledge and agree that they and the sector may be held jointly and 11 severally liable if they or their hired captain or crew

  • Joint and Several Liability Each Borrower agrees that it is jointly and severally liable for, and absolutely and unconditionally guarantees to Agent and Lenders the prompt payment and performance of, all Obligations and all agreements under the Loan Documents. Each Borrower agrees that its guaranty obligations hereunder constitute a continuing guaranty of payment and not of collection, that such obligations shall not be discharged until Full Payment of the Obligations, and that such obligations are absolute and unconditional, irrespective of (a) the genuineness, validity, regularity, enforceability, subordination or any future modification of, or change in, any Obligations or Loan Document, or any other document, instrument or agreement to which any Obligor is or may become a party or be bound; (b) the absence of any action to enforce this Agreement (including this Section) or any other Loan Document, or any waiver, consent or indulgence of any kind by Agent or any Lender with respect thereto; (c) the existence, value or condition of, or failure to perfect a Lien or to preserve rights against, any security or guaranty for the Obligations or any action, or the absence of any action, by Agent or any Lender in respect thereof (including the release of any security or guaranty); (d) the insolvency of any Obligor; (e) any election by Agent or any Lender in an Insolvency Proceeding for the application of Section 1111(b)(2) of the Bankruptcy Code; (f) any borrowing or grant of a Lien by any other Borrower, as debtor-in-possession under Section 364 of the Bankruptcy Code or otherwise; (g) the disallowance of any claims of Agent or any Lender against any Obligor for the repayment of any Obligations under Section 502 of the Bankruptcy Code or otherwise; or (h) any other action or circumstances that might otherwise constitute a legal or equitable discharge or defense of a surety or guarantor, except Full Payment of all Obligations.

  • Joint and Several If there is more than one Tenant, the obligations imposed upon Tenant under this Lease shall be joint and several.

  • Joint and Several Obligations THE OBLIGATIONS OF THE GUARANTORS HEREUNDER SHALL BE JOINT AND SEVERAL, AND ACCORDINGLY, EACH GUARANTOR CONFIRMS THAT IT IS LIABLE FOR THE FULL AMOUNT OF THE “GUARANTIED OBLIGATIONS” AND ALL OF THE OBLIGATIONS AND LIABILITIES OF EACH OF THE OTHER GUARANTORS HEREUNDER.

  • Joint and Several Liability; Signatories; Successors and Assigns Bound Borrower’s obligations and liability under this Security Instrument will be joint and several. However, any Borrower who signs this Security Instrument but does not sign the Note: (a) signs this Security Instrument to mortgage, grant, and convey such Borrower’s interest in the Property under the terms of this Security Instrument; (b) signs this Security Instrument to waive any applicable inchoate rights such as dower and curtesy and any available homestead exemptions; (c) signs this Security Instrument to assign any Miscellaneous Proceeds, Rents, or other earnings from the Property to Lender; (d) is not personally obligated to pay the sums due under the Note or this Security Instrument; and (e) agrees that Lender and any other Borrower can agree to extend, modify, forbear, or make any accommodations with regard to the terms of the Note or this Security Instrument without such Borrower’s consent and without affecting such Borrower’s obligations under this Security Instrument. Subject to the provisions of Section 19, any Successor in Interest of Borrower who assumes Xxxxxxxx’s obligations under this Security Instrument in writing, and is approved by Xxxxxx, will obtain all of Borrower’s rights, obligations, and benefits under this Security Instrument. Borrower will not be released from Borrower’s obligations and liability under this Security Instrument unless Xxxxxx agrees to such release in writing.

  • Waiver and Severability No waiver by the Company of any term or condition set out in these Terms of Use shall be deemed a further or continuing waiver of such term or condition or a waiver of any other term or condition, and any failure of the Company to assert a right or provision under these Terms of Use shall not constitute a waiver of such right or provision. If any provision of these Terms of Use is held by a court or other tribunal of competent jurisdiction to be invalid, illegal, or unenforceable for any reason, such provision shall be eliminated or limited to the minimum extent such that the remaining provisions of the Terms of Use will continue in full force and effect.

  • WAIVER AND SEVERABILITY OF TERMS At any time, should Xxxxx Xxxxxxx fail to exercise or enforce any right or provision of the TOS, such failure shall not constitute a waiver of such right or provision. If any provision of this TOS is found by a court of competent jurisdiction to be invalid, the parties nevertheless agree that the court should endeavor to give effect to the parties' intentions as reflected in the provision, and the other provisions of the TOS remain in full force and effect.

  • Several Liability In any action involving the Acquiring Funds under this Agreement, each Acquired Fund agrees to look solely to the individual Acquiring Fund that is involved in the matter in controversy and not to any other series of the Investing Company. In any action involving the Acquired Funds under this Agreement, each Acquiring Fund agrees to look solely to the individual Acquired Fund that is involved in the matter in controversy and not to any other series of the Trust.

  • OBLIGATIONS OF LESSEE The Lessee shall be primarily responsible whenever needed for the maintenance and general pickup of the entranceway leading into the Premises, so that this is kept in a neat, safe and presentable condition. The Lessee shall also be responsible for all minor repairs and maintenance of the leasehold Premises, particularly those items which need immediate attention and which the Lessees, or their employees, can do and perform on their own, including but not limited to, the replacement of light bulbs, as well as the normal repair and cleaning of windows, cleaning and clearing of toilets, etc., and the Lessee shall properly maintain the Premises in a good, safe, and clean condition. The Lessee shall properly and promptly remove all rubbish and hazardous wastes and see that the same are properly disposed of according to all local, state or federal laws, rules regulations or ordinances. In the event the structure of the Premises is damaged as a result of any neglect or negligence of Lessee, their employees, agents, business invitees, or any independent contractors serving the Lessee or in any way as a result of Lessee’s use and occupancy of the Premises, then the Lessee shall be primarily responsible for seeing that the proper claims are placed with the Lessee’s insurance company, or the damaging party's insurance company, and shall furthermore be responsible for seeing that the building is safeguarded with respect to said damage and that all proper notices with respect to said damage, are made in a timely fashion, including notice to the Lessor, and the party or parties causing said damage. Any damage that is not covered by an insurance company will be the liability of the Lessee. The Lessee shall, during the term of this Lease, and in the renewal thereof, at its sole expense, keep the interior of the Premises in as good a condition and repair as it is at the date of this Lease, reasonable wear and use excepted. This obligation would include the obligation to replace any plate glass damaged as a result of the neglect or acts of Lessee or her guests or invitees. Furthermore, the Lessee shall not knowingly commit nor permit to be committed any act or thing contrary to the rules and regulations prescribed from time to time by any federal, state or local authorities and shall expressly not be allowed to keep or maintain any hazardous waste materials or contaminates on the Premises. Lessee shall also be responsible for the cost, if any, which would be incurred to bring her contemplated operation and business activity into compliance with any law or regulation of a federal, state or local authority.

  • Construction and Severability If any provision of this Agreement shall be held invalid, illegal or unenforceable in any jurisdiction, the validity, legality and enforceability of the remaining provisions contained herein shall not in any way be affected or impaired, and the parties undertake to implement all efforts which are necessary, desirable and sufficient to amend, supplement or substitute all and any such invalid, illegal or unenforceable provisions with enforceable and valid provisions which would produce as nearly as may be possible the result previously intended by the parties without renegotiation of any material terms and conditions stipulated herein.

Time is Money Join Law Insider Premium to draft better contracts faster.