Common use of Joint and Several Liability Clause in Contracts

Joint and Several Liability. If Borrower consists of more than one Person, their liability shall be joint and several, and the compromise of any claim with, or the release of, any Borrower shall not constitute a compromise with, or a release of, any other Borrower.

Appears in 251 contracts

Samples: Intellectual Property Security Agreement (Mattersight Corp), Loan and Security Agreement (Winc, Inc.), Loan and Security Agreement (A123 Systems Inc)

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Joint and Several Liability. If Borrower consists of more than one Personperson or entity, their the liability of each of them shall be joint and several, and the compromise of any claim with, or the release of, any one such Borrower shall not constitute a compromise with, or a release of, any other such Borrower.

Appears in 18 contracts

Samples: Credit Agreement (Design Within Reach Inc), Credit Agreement (Design Within Reach Inc), Credit Agreement (Cutter & Buck Inc)

Joint and Several Liability. If the Borrower consists of more than one Personperson, their liability shall be joint and several, and the compromise of any claim with, or the release of, any Borrower shall not constitute a compromise with, or a release of, any other Borrower.

Appears in 11 contracts

Samples: Loan and Security Agreement (Broadcom Corp), Loan and Security Agreement (Truevision Inc), Loan and Security Agreement (I Flow Corp /Ca/)

Joint and Several Liability. If Borrower consists of more than one Person, their liability shall be joint and several, and the compromise of any claim with, or the release of, any Borrower shall not constitute a compromise with, or a release of, any other BorrowerBorrower or any other Obligor.

Appears in 6 contracts

Samples: Loan and Security Agreement (Fields Aircraft Spares Inc), Security Agreement (Northwest Teleproductions Inc), Loan and Security Agreement (Fields Aircraft Spares Inc)

Joint and Several Liability. If Borrower consists of more than one --------------------------- Person, their liability shall be joint and several, and the compromise of any claim with, or the release of, any Borrower shall not constitute a compromise with, or a release of, any other Borrower.

Appears in 5 contracts

Samples: Security Agreement, Loan and Security Agreement (Tut Systems Inc), Loan and Security Agreement (Personify Inc)

Joint and Several Liability. If Borrower Debtor consists of more than one Person, their liability shall be joint and several, and the compromise of any claim with, or the release of, any Borrower Debtor shall not constitute a compromise with, or a release of, any other BorrowerDebtor.

Appears in 4 contracts

Samples: Security Agreement (Occam Networks Inc/De), Security Agreement (Sa Telecommunications Inc /De/), Security Agreement (Netplex Group Inc)

Joint and Several Liability. If Borrower consists of more than one Person, their liability shall be joint and several, and the compromise of any claim with, or the release re-lease of, any Borrower shall not constitute a compromise with, or a release of, any other Borrower.

Appears in 4 contracts

Samples: Security Agreement (Activecare, Inc.), Security Agreement (Entrada Networks Inc), Security Agreement (Cardlytics, Inc.)

Joint and Several Liability. If Borrower consists of more than one Person, their liability shall be joint and several, and the compromise of any claim with, or the release re­lease of, any Borrower shall not constitute a compromise with, or a release of, any other Borrower.

Appears in 4 contracts

Samples: Loan and Security Agreement (Satcon Technology Corp), Loan and Security Agreement (EdgeWave, Inc.), Loan and Security Agreement (Advanced Photonix Inc)

Joint and Several Liability. If Borrower consists of more than one Person, their Borrower’s liability shall be is joint and several, and the compromise of any claim with, or the release of, any Borrower shall not constitute a compromise with, or a release of, any other Borrower.

Appears in 2 contracts

Samples: Security Agreement (Cogent Communications Group Inc), Loan and Security Agreement (Cogent Communications Group Inc)

Joint and Several Liability. If Borrower consists of more than one Personperson or entity, their liability shall be joint and several, and the compromise of any claim with, or the release of, any Borrower shall not constitute a compromise with, or a release of, any other Borrower.

Appears in 2 contracts

Samples: Loan Agreement (Aqua Metals, Inc.), Loan Agreement (Aqua Metals, Inc.)

Joint and Several Liability. If Borrower consists of more than one Person, their liability shall be joint and several, and the compromise of any claim with, or the release of, any Borrower shall not constitute a compromise with, or a release of, any other Borrower.. Multiplier Capital II, LP Loan and Security Agreement

Appears in 2 contracts

Samples: Loan and Security Agreement (Winc, Inc.), Loan and Security Agreement (Winc, Inc.)

Joint and Several Liability. If Borrower consists of more than one Person, their liability shall be joint and several, and the compromise of any claim with, or the release re-lease of, any Borrower shall not constitute a compromise with, or a release of, any other Borrower.. 9.14

Appears in 1 contract

Samples: Loan and Security Agreement (Level 8 Systems Inc)

Joint and Several Liability. If Borrower consists of more than one Person, their Each Borrower’s liability shall be joint and several, and the compromise of any claim with, or the release of, any Borrower shall not constitute a compromise with, or a release of, any other Borrower.

Appears in 1 contract

Samples: Loan and Security Agreement (Xenogen Corp)

Joint and Several Liability. If Borrower consists of more than one Person, their liability shall be joint and several, and the compromise of any claim with, or the release of, any Borrower shall not constitute a compromise with, or a release of, any other Borrower.. Partners for Growth Loan and Security Agreement

Appears in 1 contract

Samples: Loan and Security Agreement (Qualmark Corp)

Joint and Several Liability. If Borrower consists The liability of each Borrower, if more than one Personone, their liability and Obligors shall be joint and several, several and the compromise of any claim with, or the release of, any Borrower shall not constitute a compromise with, or a release of, any other BorrowerBorrower or other Obligor.

Appears in 1 contract

Samples: Loan and Security Agreement (Energy Focus, Inc/De)

Joint and Several Liability. If Borrower at any time consists of more than one Person, their liability shall be joint and several, and the compromise of any claim with, or the release of, any Borrower shall not constitute a compromise with, or a release of, any other Borrower.. Partners for Growth Loan and Security Agreement

Appears in 1 contract

Samples: Loan and Security Agreement (Healthcare Corp of America)

Joint and Several Liability. If Borrower consists of more than one Person, their liability shall be joint and several, and the compromise of any claim with, or the release me lease of, any Borrower shall not constitute a compromise with, or a release of, any other Borrower.

Appears in 1 contract

Samples: Loan and Security Agreement (Callidus Software Inc)

Joint and Several Liability. If the Borrower consists of more than one Personperson, their liability shall be joint and several, and the compromise of any claim with, or the release of, any Borrower shall not constitute a compromise with, or a release of, ' any other Borrower.

Appears in 1 contract

Samples: Loan and Security Agreement (Vitalcom Inc)

Joint and Several Liability. If Borrower consists of more than one --------------------------- Person, their liability shall be joint and arid several, and the compromise of any claim with, or the release of, any Borrower shall not constitute a compromise with, or a release of, any other Borrower.

Appears in 1 contract

Samples: Loan and Security Agreement (Trinagy Inc)

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Joint and Several Liability. If Borrower consists Borrowers consist of more than one Person, and their liability shall be joint and several, and the compromise of any claim with, or the release of, any either Borrower shall not constitute a compromise with, or a release of, any the other Borrower.

Appears in 1 contract

Samples: agenda.okc.gov

Joint and Several Liability. If Borrower consists of more than one Person, their liability shall be joint and several, and the compromise of any claim with, or the release of, any Borrower shall not constitute a compromise with, or a release of, any other Borrower.. Partners for Growth Schedule to Loan and Security Agreement

Appears in 1 contract

Samples: Loan and Security Agreement (Borqs Technologies, Inc.)

Joint and Several Liability. If Borrower consists of more than one Person, their liability shall be joint and several, and the compromise of any claim with, or the release of, ; any Borrower shall not constitute a compromise with, or a release of, any other Borrower.

Appears in 1 contract

Samples: Security Agreement (Intelligent Medical Imaging Inc)

Joint and Several Liability. If Borrower consists of more than one Person, their Borrowers’ liability for the Obligations shall be joint and several, and the compromise of any claim with, or the release of, any Borrower shall not constitute a compromise with, or a release of, any other Borrower.

Appears in 1 contract

Samples: Loan and Security Agreement (Ev3 Inc.)

Joint and Several Liability. If Borrower consists of more than one Person, their liability shall be joint and several, and the compromise of any claim with, or the release of, any Borrower shall not constitute a compromise comprise with, or a release of, any other Borrower.

Appears in 1 contract

Samples: Loan and Security Agreement (Double-Take Software, Inc.)

Joint and Several Liability. If Borrower consists of more than one Personperson or entity, their liability shall be joint and several, and the compromise of any claim with, or the release of, any Borrower shall not constitute a compromise with, or a release of, any other Borrower. Remainder of page intentionally left blank [Signatures on the Following Page] Loan and Security Agreement Castellum, Inc. et al.

Appears in 1 contract

Samples: Loan and Security Agreement (Castellum, Inc.)

Joint and Several Liability. If Borrower consists of more than one Person, their liability shall be joint and several, and the compromise of any claim with, or the release case of, any Borrower shall not constitute a compromise with, or a release of, any other Borrower.

Appears in 1 contract

Samples: Loan and Security Agreement (Divx Inc)

Joint and Several Liability. If Borrower at any time consists of more than one Person, their liability shall be joint and several, and the compromise of any claim with, or the release of, any Borrower shall not constitute a compromise with, or a release of, any other Borrower.

Appears in 1 contract

Samples: Security Agreement (Selway Capital Acquisition Corp.)

Joint and Several Liability. If Borrower consists of more than one Person--------------------------- person or entity, their the liability of each of them shall be joint and several, and the compromise of any claim with, or the release of, any one such Borrower shall not constitute a compromise with, or a release of, any other such Borrower.

Appears in 1 contract

Samples: Credit Agreement (Somera Communications Inc)

Joint and Several Liability. If Borrower consists of more than one Person, their liability shall be joint and several, and the compromise of any claim with, or the release of, any Borrower shall not constitute a compromise with, or a release of, any other Borrower.. 9.15

Appears in 1 contract

Samples: Loan and Security Agreement (CalAmp Corp.)

Joint and Several Liability. If Borrower consists of more than one --------------------------- Person, their liability shall be joint and several, and the compromise of any claim with, or the release re-lease of, any Borrower shall not constitute a compromise with, or a release of, any other Borrower.

Appears in 1 contract

Samples: Loan and Security Agreement (Lifecell Corp)

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