Common use of Joint Obligors Clause in Contracts

Joint Obligors. You agree that if Your GC Account is to be owned by multiple parties (hereinafter collectively referred to as "Obligors"), all such Obligors shall be specifically identified and shall execute a copy of this Agreement. Further, the Obligors agree that they shall all be jointly and severally liable on this Agreement and, by the Obligors signature hereto, do hereby consent and agree that all Assets in the GC Account are to be held as (Initial Here if) Joint Tenants with Rights of Survivorship ("JTWRS"), or (Initial Here if) Joint Tenants without Rights of Survivorship ("JTWORS"). The Obligors agree that each is the agent for the other and that each is authorized to act individually under the terms and conditions of this Agreement, including exercising the authority to receive, deposit, withdraw or transfer the Assets held in the GC Account at any time. If You checked JTWRS, upon the death of one Obligor, the Assets held in the GC Account shall become the absolute property of the surviving Obligor(s) and if You checked JTWORS, upon the death of one Obligor, the deceased Obligor's estate shall continue ownership of deceased Obligor. The Obligors jointly and severally agree to indemnify, defend, and hold GC harmless from any liability or damage GC may incur from its compliance with this paragraph, including the delivery, deposit, withdrawal or transfer of the Assets held in the GC Account. The Obligors further agree the terms outlined herein shall inure to, and be binding upon each of their heirs, executors, assigns and administrators, as well as themselves.

Joint Obligors. You agree that if Your GC Account is to be owned by multiple parties (hereinafter collectively referred to as "Obligors"), all such Obligors shall be specifically identified and shall execute a copy of this Agreement. Further, the Obligors agree that they shall all be jointly and severally liable on this Agreement and, by the Obligors signature hereto, do hereby consent and agree that all Assets in the GC Account are to be held as (Initial Here if) Joint Tenants with Rights of Survivorship ("JTWRS"), or (Initial Here if) Joint Tenants without Rights of Survivorship ("JTWORS"). The Obligors agree that each is the agent for the other and that each e ach is authorized to act individually under the terms and conditions of this Agreement, including exercising the authority to receive, deposit, withdraw or transfer the Assets held in the GC Account at any time. If You checked JTWRS, upon the death of one Obligor, the Assets held in the GC Account shall become the absolute property of the surviving Obligor(s) and if You checked JTWORS, upon the death of one Obligor, the deceased Obligor's estate shall continue ownership of deceased Obligor. The Obligors jointly and severally agree to indemnify, defend, and hold GC harmless from any liability or damage GC may incur from its compliance with this paragraph, including the delivery, deposit, withdrawal or transfer of the Assets held in the GC Account. The Obligors further agree the terms outlined herein shall inure to, and be binding upon each of their heirs, executors, assigns and administrators, as well as themselves.

Joint Obligors. You agree that if Your GC Account is to be owned by multiple parties (hereinafter collectively referred to as "Obligors"), all such Obligors shall be specifically identified and shall execute a copy of this Agreement. Further, the Obligors agree that they shall all be jointly and severally liable on this Agreement and, by the Obligors signature hereto, do hereby consent and agree that all Assets in the GC Account are to be held as (Initial Here if) Joint Tenants with Rights of Survivorship ("JTWRS"), or (Initial Here if) Joint Tenants without Rights of Survivorship ("JTWORS"). The Obligors agree that each e ach is the agent for the other and that each e ach is authorized to act individually under the terms and conditions of this Agreement, including exercising the authority to receive, deposit, withdraw or transfer the Assets held in the GC Account at any time. If You checked JTWRS, upon the death of one Obligor, the Assets held in the GC Account shall become the absolute property of the surviving Obligor(s) and if You checked JTWORS, upon the death of one Obligor, the deceased Obligor's estate shall continue ownership of deceased Obligor. The Obligors jointly and severally agree to indemnify, defend, and hold GC harmless from any liability or damage GC may incur from its compliance with this paragraph, including the delivery, deposit, withdrawal or transfer of the Assets held in the GC Account. The Obligors further agree the terms outlined herein shall inure to, and be binding upon each of their heirs, executors, assigns and administrators, as well as themselves.