Common use of Joint and Several Obligation Clause in Contracts

Joint and Several Obligation. If this Agreement is executed by more than one person as Debtor, each such Debtor hereby acknowledges it is jointly and severally liable for and unconditionally guarantees the prompt and full payment and performance of all obligations of each other Debtor hereunder and under the other Loan Documents.

Appears in 6 contracts

Samples: Pledge Agreement (Arabian Shield Development Co), Security Agreement (Gi Joes Inc), Security Agreement (Evergreen International Aviation Inc)

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Joint and Several Obligation. If this Agreement is executed by more than one person as DebtorBorrower, each such Debtor person hereby acknowledges it is jointly and severally liable for and unconditionally guarantees the prompt and full payment and performance of all obligations of each other Debtor Borrower hereunder and under the other Loan Documents.

Appears in 2 contracts

Samples: Master Security Agreement (Liberty Livewire Corp), Master Security Agreement (Sound Advice Inc)

Joint and Several Obligation. If this Agreement is executed by more than one person as Debtor, each such Debtor hereby acknowledges it is jointly and severally liable for and unconditionally guarantees the prompt and full payment and performance of all obligations of each other Debtor hereunder and under the other Loan Documents.prompt

Appears in 1 contract

Samples: Security Agreement (Intuitive Surgical Inc)

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Joint and Several Obligation. If this Agreement is executed by more than ---------------------------- one person as Debtor, each such Debtor hereby acknowledges it is jointly and severally liable for and unconditionally guarantees the prompt and full payment and performance of all obligations of each other Debtor hereunder and under the other Loan Documents.

Appears in 1 contract

Samples: Security Agreement (Sheffield Steel Corp)

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