Joint and Several Obligations definition

Joint and Several Obligations means only the financial obligations of Advanta under the Designated Agreements (including the payment of money damages for a breach of any of Advanta's obligations under the Designated Agreements, whether financial or otherwise) but shall not include any obligations not relating to the payment of money. As a condition of their respective executions of the Underwriting Agreement and of the Indemnification Agreement, the Underwriters and the Certificate Insurer have required the undersigned, Advanta Mortgage Holding Company ("AMHC"), the parent corporation of Advanta, to acknowledge its joint-and- several liability with Advanta for the payment of the Joint and Several Obligations under the Designated Agreements. Now, therefore, the Underwriters, the Certificate Insurer and AMHC do hereby agree that:
Joint and Several Obligations means only the financial obligations of Aames under the Designated Agreement (including the payment of money damages for a breach of any of Aames' obligations under the Designated Agreement, whether financial or otherwise) but shall not include any obligations not relating to the payment of money. As a condition of its execution of the Designated Agreement, the Underwriters have required the undersigned, Aames Financial Corporation ("AFC"), the parent corporation of Aames, to acknowledge its joint and several liability with Aames for the payment of the Joint and Several Obligations under the Designated Agreement. Now, therefore, the Underwriters and AFC do hereby agree that:
Joint and Several Obligations means only the financial obligations of Franklin Capital under the Underwriting Agreement (including the payment of money damages for a breach of any of Franklin Capital's obligations under the Underwriting Agreement, whether financial or otherwise) but shall not include any obligations not relating to the payment of money. As a condition of its execution of the Underwriting Agreement, the Underwriter has required the undersigned, Franklin Resources, Inc. ("Franklin Resources"), the parent corporation of Franklin Capital, to acknowledge its joint and several liability with Franklin Capital for the payment of the Joint and Several Obligations under the Underwriting Agreement. Now, therefore, the Underwriter and Franklin Resources do hereby agree that:

Examples of Joint and Several Obligations in a sentence

  • When any Party becomes aware of such a situation, it shall notify the other Parties promptly so that the Parties can discuss the amendment to this Agreement that is appropriate under the circumstances.29.5 Joint and Several Obligations.

  • Joint and Several Obligations The Issuer and any other member of the Group that is subject to the Reorganization Plan (collectively, the “Obligors”) will be fully, jointly and severally liable for the full and punctual payment of principal, premium, if any, interest, including any additional amounts, and any other amounts that may become due and payable by us in respect of the Indenture and the notes.

  • Borrower Representative; Joint and Several Obligations of the Borrowers; Release of Subsidiary Borrowers 111 ARTICLE 3 TAXES, INCREASED COSTS PROTECTION AND ILLEGALITY Section 3.01.

  • Joint and Several Obligations 1.A joint and several obligation (or liability) or a joint and several claim arises if the joint and several nature of the duty or claim is provided by contract or established by a statute, in particular in case of indivisibility of the subject of the obligation.

  • MISCELLANEOUS 51 29.1 Binding Effect 51 29.2 Conflicts 51 29.3 Rules of Interpretation 51 29.4 Compliance 51 29.5 Joint and Several Obligations 52 29.6 Entire Agreement 52 29.7 No Third Party Beneficiaries 52 29.8 Waiver 52 29.9 Headings 52 29.10 Multiple Counterparts 53 29.11 Amendment 53 29.12 Modification by the Parties 53 29.13 Reservation of Rights 53 29.14 No Partnership 53 29.15 Other Transmission Rights 53 Appendices SERVICE AGREEMENT NO.


More Definitions of Joint and Several Obligations

Joint and Several Obligations means only the financial obligations of ACRI xxxer the Designated Agreements (including the payment of money damages for a breach of any of ACRI'x xxxigations under the Designated Agreement, whether financial or otherwise) but shall not include any obligations not relating to the payment of money. As a condition of their respective executions of the Underwriting Agreement and of the Insurance Agreement, the Representative and the Certificate Insurer have required the undersigned, Advanta Mortgage Holding Company ("AMHC"), the indirect parent corporation of ACRI, xx acknowledge its joint-and-several liability with ACRI xxx the payment of the Joint and Several Obligations under the Designated Agreements. 3 Now, therefore, the Representative, the Certificate Insurer and AMHC do hereby agree that:
Joint and Several Obligations means only the financial obligations of AMCUSA, the Sponsor or any Affiliated Originator under either of the Agreements (including the payment of money damages for a breach of any of AMCUSA's, the Sponsor's or any Affiliated Originator's obligations under either of the Agreements, 3 whether financial or otherwise) but shall not include any obligations not relating to the payment of money (e.g., the obligation to service the Mortgage Loans). The Certificate Insurer has required the undersigned, Advanta Mortgage Holding Company ("AMHC"), the parent corporation of AMCUSA and the indirect corporate parent of the Sponsor, to acknowledge its joint-and-several liability with AMCUSA, the Sponsor and the Affiliated Originators for the payment of the Joint and Several Obligations under the Agreements. Now, therefore, the Trust, the Certificate Insurer and AMHC do hereby agree that:
Joint and Several Obligations has the meaning assigned thereto in Section 2.21(a).
Joint and Several Obligations means only the financial obligations of Advanta under the Underwriting Agreement (including the payment of money damages for a breach of any of Advanta's obligations under the Underwriting Agreement, whether financial or otherwise) but shall not include any obligations not relating to the payment of money. As a condition of their respective executions of the Underwriting Agreement, the Representative has required the undersigned, Advanta Mortgage Holding Company ("AMHC"), the parent corporation of Advanta, to acknowledge its joint-and-several liability with Advanta for the payment of the Joint and Several Obligations under the Underwriting Agreement. Now, therefore, the Underwriter, the Certificate Insurer and AMHC do hereby agree that:
Joint and Several Obligations means only the financial obligations of AMCUSA and the Sponsor under the Agreement (including the payment of money damages for a breach of any of AMCUSA's or the Sponsor's obligations under the Agreement, whether financial or otherwise) but shall not include any obligations not relating to the payment of money (e.g., the obligation to service the Mortgage Loans). The Insurer has required the undersigned, Advanta Mortgage Holding Company ("AMHC"), the parent corporation of AMCUSA and the indirect corporate parent of the Sponsor, to acknowledge its joint-and-several liability with AMCUSA and the Sponsor for the payment of the Joint and Several Obligations under the Agreement.
Joint and Several Obligations. Party" shall mean Landlord and Tenant; and if more than one person or entity is the Landlord or Tenant, the obligations imposed on the party shall be joint and several.
Joint and Several Obligations means only the financial obligations of the Sponsor and the Originator under the Designated Agreements (including the payment of money damages for a breach of any of the Sponsor's and the Originator's obligations under the Designated Agreements, whether financial or otherwise) but shall not include any obligations not relating to the payment of money. As a condition of their respective executions of the Designated Agreements, the Underwriter and the Certificate Insurer have required the undersigned, Advanta Mortgage Holding Company ("AMHC"), the parent corporation of the Sponsor and the Originator, to acknowledge its joint-and-several liability with the Sponsor and the Originator for the payment of the Joint and Several Obligations under the Designated Agreements. Now, therefore, the Underwriter, the Certificate Insurer and AMHC do hereby agree that: