Joint and several liability means mutual and individual responsibility of members for the liabilities of the association.
Joint and several liability means that all the sale shareholders are jointly liable. No one of them can avoid liability to the buyer by saying he was personally not to be blamed. This means that the buyer can (and would) claim against the wealthier sale shareholders if ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ , ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■
Joint and several liability the Company shall be jointly and severally liable together with the Cardholder to the Bank for all charges and other liabilities incurred by the Cardholder or otherwise in the Card Account. Each Cardholder must have a minimum annual income of S$30,000 (for Singaporeans / Permanent Residents) or S$42,000 (for foreigners). This Liability Option is not available for the “Citi Purchasing Card Programme” and “Citi Travel Account Programme” (defined below).
Examples of Joint and several liability in a sentence
Joint and Several Liability If one or more of your accounts has co-owners, each co-owner will be jointly and severally liable for any obligation which arises from the use of Cash Management to access the account.
For the avoidance of doubt, references in the foregoing to the “Master Billing Statement” shall apply where the Liability Option selected is Sole Corporate Liability and references in the foregoing to the “Cardholder’s billing statement” shall apply where the Liability Option selected is Joint and Several Liability.
Upon and subject to such payment in full, the Company (or, in the case where the Liability Option selected is Joint and Several Liability, the Company and/or the Cardholder jointly and severally) may then make a claim under the Corporate Liability Waiver Insurance as may be amended from time to time in relation to the foregoing.
More Definitions of Joint and several liability
Joint and several liability means that each individual Tenant is responsible for all the Rent payable and for any breach of the agreement, irrespective of which individual caused the breach. This applies also to any Guarantors for the Tenant.
Joint and several liability means mutual and individual responsibility of members for the
Joint and several liability means that all the shareholders are jointly liable. No one of them can avoid liability to the subscriber by saying he was personally not to be blamed. This means that the subscriber can (and would) claim against the wealthier shareholders if he has a claim at all, and not against those particularly involved in the warranty breach. To avoid this situation, the shareholders should prepare a simple shareholders agreement setting out exactly which of them is responsible for what areas and who pays what to whom in the event of a claim. Such an agreement cannot prejudice the subscriber, who still may xxx whom he ■ ■ ■ ■ . ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ . ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ .
Joint and several liability means the joint and several liability from the Company for obligations of the Limited Partnership pursuant to the declaration of joint and several liability within the meaning of section 2:403 subsection 1 under f of the Dutch Civil Code issued by the Company in relation to obligations of the Limited Partnership, or any other guarantee or other form of liability from the Company for obligations of the Limited Partnership;
Joint and several liability means that all the sale shareholders are jointly liable. No one of them can avoid liability to the buyer by saying he was personally not to be blamed. ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ( ■ ■ ■ ■ ■ ■ ■ ■ ) ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ , ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ . To avoid this situation, the sale shareholders should prepare a simple shareholders agreement setting out exactly which of them is responsible for what areas and who pays what to whom in the event of a claim. Such an agreement cannot prejudice the buyer, ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ . ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ . ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■
Joint and several liability worded as follows: If the Consultant has formed (pursuant to the Applicable Law) a joint undertaking, consortium or another partnership of two or more persons, (a) these persons shall be jointly and severally liable before the Employer for the Contract fulfilment, and in relation to that, the realisation of any claims can be made both against all members together and against each member individually, at the discretion of the Employer; (b) these persons have the duty to notify the Employer of the name of their manager and of every person, who may impose requirements for the Consultant and any of such persons, as well as (c) the Consultant shall not change their structure or legal status without a prior written consent of the Employer, except if such change is permissible under the Applicable Laws of the Country in the public procurement field.
Joint and several liability. If joint and several liability applies, the effect is that both you and the other person(s) separately promise to meet all obligations under these terms in respect of the account either (1) jointly with the other person(s); and (2) individually. Lien A Lien allows the person holding the asset to withhold or retain such asset pending the satisfaction of your obligations to them.