Two or More Persons Clause Examples for Any Agreement

The "Two or More Persons" clause defines how contractual rights and obligations are managed when more than one individual or entity is a party to the agreement. Typically, this clause clarifies whether the parties are jointly, severally, or jointly and severally liable for fulfilling the contract's terms, meaning each person may be responsible for the entire obligation or only their share. For example, if two people sign a lease, this clause would specify whether both are equally responsible for the full rent or just their portion. Its core function is to allocate responsibility and clarify liability among multiple parties, thereby preventing disputes and ensuring all parties understand their obligations.
Two or More Persons. Where you are two or more persons in relation to one Account: (a) the liability of each person will be joint and several; (b) we may receive instructions from any one person who is, or appears to us to be, such a person, whether or not such person is an Authorised Person; (c) any notice or other communication given by us to one person will be deemed to be notice to all persons in relation to the account; and (d) any Event of Default in respect of any one person will be an Event of Default in respect of you.
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Two or More Persons. 3.4.1 Where two or more natural persons and no others are named as the client, the Account will be established in their names as joint tenants unless they specifically request otherwise. The joint holding will only be deemed not to be held as joint tenants if there is a court determination that it is not held as joint tenants. 3.4.2 Where you are two or more persons in relation to one Account: (a) the liability of each person will be joint and several; (b) we may receive instructions from any one person who is, or appears to us to be, such a person, whether or not such person is an Authorised Person; (c) any notice or other communication given by us to one person will be deemed to be notice to all persons in relation to the account; and (d) any Event of Default in respect of any one person will be an Event of Default in respect of you.
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Related to Two or More Persons

  • Officers and Directors No person is serving or acting as an officer, trustee or investment adviser of the Fund except in accordance with the provisions of the 1940 Act and the Rules and Regulations and the Investment Advisers Act of 1940, as amended (the “Advisers Act”), and the rules and regulations of the Commission promulgated under the Advisers Act (the “Advisers Act Rules and Regulations”). Except as disclosed in the Registration Statement, each preliminary prospectus and the Prospectus (or any amendment or supplement to any of them), no trustee of the Fund is (A) an “interested person” (as defined in the 0000 Xxx) of the Fund or (B) an “affiliated person” (as defined in the 0000 Xxx) of any Underwriter.

  • Other Persons Except as specifically provided in Section 7.3, the provisions of this Section 7 are for the benefit of the Indemnitees only, and shall not be deemed to create any rights for the benefit of any other person or entity.

  • Individuals To register an Account or use the Services, you must be an individual at least eighteen (18) years of age and have the legal capacity to enter into this User Agreement (“Individual”). You further represent that you have not previously been suspended or removed from use of the Services. In addition, where applicable, you must have an account in good standing with Business (“Business Account”) if you are registering for an Account through the Platform.

  • Ineligible Persons Business Associate represents and warrants to Covered Entity that Business Associate (i) is not currently excluded, debarred, or otherwise ineligible to participate in any federal health care program as defined in 42 U.S.C. Section 1320a-7b(f) (“the Federal Healthcare Programs”); (ii) has not been convicted of a criminal offense related to the provision of health care items or services and not yet been excluded, debarred, or otherwise declared ineligible to participate in the Federal Healthcare Programs, and (iii) is not under investigation or otherwise aware of any circumstances which may result in Business Associate being excluded from participation in the Federal Healthcare Programs. This shall be an ongoing representation and warranty during the term of this Agreement, and Business Associate shall immediately notify Covered Entity of any change in the status of the representations and warranty set forth in this section. Any breach of this section shall give Covered Entity the right to terminate this Agreement immediately for cause.

  • Entities To register an Account or use the Services, you must be an entity duly formed and legally authorized to operate in the jurisdiction of your formation (“Entity”). If you are registering to use the Zero Hash Services on behalf of a legal entity, you represent and warrant that (i) such legal entity is duly organized and validly existing under the Applicable Laws of the jurisdiction of its organization; and (ii) you are duly authorized by such legal entity to act on its behalf. You further represent and warrant that: (a) you are at least 18 years if age, (b) have not previously been suspended or removed from using the Zero Hash Services, and (c) have all powers and authority necessary to enter this agreement and in doing so will not violate any other agreement to which you are a party. Zero Hash is not responsible or liable for relying on the representations of your agents, employees, contractors, attorneys, financial advisors, or any other person Zero Hash reasonably believes represents you in the acceptance of this User Agreement or in the acceptance of any other instruction through the Platform or through the Zero Hash System.