Common use of Joint and Several Obligation Clause in Contracts

Joint and Several Obligation. If Guarantor is more than one person or entity, then (a) all persons or entities comprising Guarantor are jointly and severally liable for all of the Obligations; (b) all representations, warranties, and covenants made by Guarantor shall be deemed representations, warranties, and covenants of each of the persons or entities comprising Guarantor; (c) any breach, default or Event of Default by any of the persons or entities comprising Guarantor hereunder shall be deemed to be a breach, default, or Event of Default of Guarantor; and (d) any reference herein contained to the knowledge or awareness of Guarantor shall mean the knowledge or awareness of any of the persons or entities comprising Guarantor.

Appears in 5 contracts

Samples: Conditional Consent Agreement (Hudson Pacific Properties, Inc.), Guaranty Agreement (Griffin Land & Nurseries Inc), Guaranty Agreement (Griffin Land & Nurseries Inc)

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Joint and Several Obligation. If Guarantor is more than one person or entityPerson, then then: (a) all persons or entities Persons comprising Guarantor are jointly and severally liable for all of the Obligations; (b) all representations, warranties, and covenants made by Guarantor shall be deemed representations, warranties, and covenants of each of the persons or entities Persons comprising Guarantor; (c) any breach, default Default or Event of Default by any of the persons or entities Persons comprising Guarantor hereunder shall be deemed to be a breach, defaultDefault, or Event of Default of Guarantor; and (d) any reference herein contained to the knowledge or awareness of Guarantor shall mean the knowledge or awareness awareness, of any of the persons or entities Person comprising Guarantor.

Appears in 4 contracts

Samples: Guaranty Agreement (City Office REIT, Inc.), Guaranty Agreement (GTJ REIT, Inc.), Guaranty Agreement (GTJ REIT, Inc.)

Joint and Several Obligation. If The following shall be applicable to Guarantor is if Guarantor consists of more than one person or entity, then : (a) all persons or entities comprising Guarantor are jointly and severally liable for all of the Obligations; (b) all representations, warranties, and covenants made by Guarantor shall be deemed representations, warranties, and covenants of each of the persons or entities comprising Guarantor; (c) any breach, default or Event of Default by any of the persons or entities comprising Guarantor hereunder shall be deemed to be a breach, default, default or Event of Default of Guarantor; and (d) any reference herein contained to the knowledge or awareness of Guarantor shall mean the knowledge or awareness of any of the persons person or entities comprising Guarantor.

Appears in 1 contract

Samples: Guaranty Agreement (GTJ REIT, Inc.)

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Joint and Several Obligation. If Guarantor is more than one ---------------------------- person or entity, then (a) all persons or entities comprising Guarantor are jointly and severally liable for all of the Obligations; (b) all representations, warranties, and covenants made by Guarantor shall be deemed representations, warranties, and covenants of each of the persons or entities comprising Guarantor; (c) any breach, default or Event of Default by any of the persons or entities comprising Guarantor hereunder shall be deemed to be a breach, default, or Event of Default of Guarantor; and (d) any reference herein contained to the knowledge or awareness of Guarantor shall mean the knowledge or awareness of any of the persons or entities comprising Guarantor.

Appears in 1 contract

Samples: Guaranty Agreement (Windsor Park Properties 5)

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