Joint and Several Obligation; Independent Obligation Sample Clauses
The "Joint and Several Obligation; Independent Obligation" clause establishes that multiple parties are each individually responsible for fulfilling the entire obligation, as well as collectively responsible together. In practice, this means that a creditor can demand full performance or payment from any one party or from all parties together, regardless of how responsibility is divided among them internally. This clause ensures that the party owed the obligation is protected and can recover the full amount from any responsible party, thereby reducing the risk of non-payment or incomplete performance if one party defaults.
Joint and Several Obligation; Independent Obligation. Each Guarantor is directly, jointly and severally with all other guarantors of the Guaranteed Obligations or any portion thereof, liable to the Guaranteed Parties. The obligations of each Guarantor hereunder are direct and primary and are independent of the obligations of the Company or any other such guarantor, and a separate action may be brought against each Guarantor irrespective of whether an action is brought against the Company or any other such other guarantor or whether the Company or any such other guarantor is joined in such action. Each Guarantor's liability hereunder shall not be contingent upon the exercise or enforcement by the Guaranteed Parties of any remedies they may have against the Company or any other guarantor or the enforcement of any Lien or realization upon any security the Guaranteed Parties may at any time possess. Any release that may be given by the Guaranteed Parties to the Company or any other guarantor shall not release any Guarantor hereunder unless such release expressly so provides.
Joint and Several Obligation; Independent Obligation. Guarantor is directly, jointly, and severally with all other guarantors of the Guaranteed Obligations liable to Creditor. The obligations of Guarantor hereunder are direct and primary and are independent of the obligations of Debtor or any other such guarantor, and a separate action may be brought against Guarantor irrespective of whether an action is brought against Debtor or any other guarantor or whether Debtor or any such other guarantor is joined in such action. Guarantor’s liability hereunder shall not be contingent upon the exercise or enforcement by Creditor of any remedies it may have against Debtor or any other guarantor or the enforcement of any lien or realization upon any security Creditor may at any time possess. Any release that may be given by Creditor to Debtor or any other guarantor shall not release Guarantor.
Joint and Several Obligation; Independent Obligation. Each Guarantor is directly, jointly and severally with each other and with all other guarantors of the Guaranteed Obligations or any portion thereof, liable to the Lender. The obligations of each Guarantor hereunder are direct and primary and are independent of the obligations of Borrower or any other such Guarantor, and a separate action may be brought against each Guarantor irrespective of whether an action is brought against Borrower or any other such other Guarantor or whether Borrower or any such other Guarantor is joined in such action. Each Guarantor’s liability hereunder shall not be contingent upon the exercise or enforcement by Lender of any remedies it may have against Borrower or any other Guarantor or the enforcement of any Lien or realization upon any security the Lender may at any time possess. Any release which may be given by the Lender to Borrower or any other guarantor shall not release any Guarantor. Each Guarantor acknowledges that the Lender shall have the right to seek recourse against each Guarantor to the fullest extent provided for herein and no election by the Lender to proceed in one form of action or proceeding, or against any party or on any obligation, shall constitute a waiver of the Lender’s right to proceed in any other form of action or proceeding or against other parties unless the [ ] has expressly waived such right in writing.
Joint and Several Obligation; Independent Obligation. If applicable, the Guarantor is directly, jointly, and severally liable to MGDO for the Fees incurred by Client in the course of care, at the rates that we ▇▇▇▇ and request. The obligations of the Guarantor hereunder are direct and primary and are independent of Client’s obligations, and a separate action may be brought against the Guarantor irrespective of whether an action is brought against Client or any other financially responsible party or whether Client or any such other financially responsible party is joined in such action. The Guarantor’s liability hereunder shall not be contingent upon the exercise or enforcement by Company of any remedies it may have against Client or any other financially responsible party or the enforcement of any lien Company may at any time possess. Any release that may be given by Company to Client or any other financially responsible party shall not release the Guarantor.
Joint and Several Obligation; Independent Obligation. Guarantor is directly, jointly, and severally with all other guarantors of the Guaranteed Obligations liable to Creditor. The obligations of Guarantor hereunder are direct and primary and are independent of the obligations of Debtor or any other such guarantor,