Joint and Several Representations Sample Clauses
The "Joint and Several Representations" clause establishes that multiple parties to an agreement are each individually and collectively responsible for the accuracy and fulfillment of the representations made in the contract. In practice, this means that if one party fails to uphold a representation, the other parties can still be held fully liable as if they had also made the same representation or breach. This clause ensures that the counterparty can seek full recourse from any or all of the parties involved, thereby reducing the risk of non-performance or misrepresentation by distributing liability across all signatories.
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Joint and Several Representations. If more than one person is signing this Subscription Agreement, each representation, warranty and undertaking herein shall be the joint and several representations warranty and undertaking of each such person. If the undersigned is a partnership, corporation, trust or other entity, the undersigned further represents and warrants that (a) the individual executing this Subscription Agreement has full power and authority to execute and deliver this Subscription Agreement on behalf of the undersigned and (b) the undersigned has full right and power to perform its obligations pursuant to the provisions hereof and become a stockholder of the Company.
Joint and Several Representations. Subject to subsection (c) below, in the case of any claim for indemnity made by MedCath based upon any representation or breach of covenant made on a joint and several basis, the Shareholders shall, jointly and severally, pay to MedCath, the Final Amount with respect to such claim.
Joint and Several Representations. All statements made by or on behalf of such Borrower in connection with this Agreement or any other Credit Paper shall constitute the joint and several representations and warranties of the Person making the statement and of such Borrower.
Joint and Several Representations. The representations and warranties of Sellers are being made, jointly and severally, by the Sellers executing this Agreement, by and through their Members, ▇▇▇▇▇▇ ▇. ▇▇▇▇, ▇▇▇▇▇▇ ▇▇▇▇▇, and ▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇ , ▇▇., and each shall assign and transfer to Buyer, all of their rights, title, and interests, in and to any Intellectual Property used in Sellers’ Business, in the form attached hereto as Exhibit H-1 at the time of the Closing.
Joint and Several Representations. The term "Joint and Several --------------------------------- Representations" as used herein shall mean the representations and warranties of Seller set forth in Sections 3.1 (a) through (l), 3.1(o), 3.1(q), 3.1(s), 3.1(x) ---------------- --- ------ ------ ------ ------ through (aa), 3.1(bb)(ii), 3.1(bb)(iii), 3.1(bb)(v), 3.1(cc), 3.1(dd); provided, ---- ----------- ------------ ---------- ------- ------- --------- however, that for purposes of the joinder of GECC under this Section 3.6, the ------- ----------- representations set forth in Sections 3.1(i) and 3.1(o) shall be deemed deleted --------------- ------ in their entirety and replaced with the following:
Joint and Several Representations. 16 4.22 Year 2000.....................................................16
Joint and Several Representations. Each representation, covenant, acknowledgment and warranty set forth herein provided by the Sellers to the Buyer shall be considered made joint and several by the Sellers.
Joint and Several Representations. The SELLERS jointly and severally represent and warrant to BUYER that:
(a) ACQUIRED COMPANY is a corporation duly organized, validly existing, and in good standing, under and by virtue of the laws of the State of Texas and is qualified to do business as a foreign corporation in all other states in which it owns real or personal property, or the states in which failure to qualify would adversely effect ACQUIRED COMPANY'S ownership of its assets or subject the ACQUIRED COMPANY to fine or penalty.
(b) The ACQUIRED COMPANY has the power to own its property and to carry on its business where that business is now conducted. The ACQUIRED COMPANY has no equity interest in any other corporation, partnership, joint venture, or association.
(c) There are no outstanding options, contracts, calls, commitments, pre-emptive rights, or demands of any nature relating to the capital stock of ACQUIRED COMPANY.
(d) The SELLERS have offered to the BUYER the ACQUIRED COMPANY'S bylaws, list of officers and directors, and financial statements.
Joint and Several Representations. Each representation, warranty and undertaking herein shall be the joint and several representations warranty and undertaking of ▇▇▇▇▇ and the Subscriber. If the Subscriber is a partnership, corporation, trust or other entity, the Subscriber further represents and warrants that (a) the individual executing this Subscription Agreement on behalf of the Subscriber has full power and authority to execute and deliver this Subscription Agreement on behalf of the Subscriber and (b) the Subscriber has full right and power to perform its obligations pursuant to the provisions hereof and become a stockholder of the Company.