jointly and severally definition
jointly and severally means that, in the case of one member breaching the contract, the other members shall have the capacity to perform the contract and assume the responsibility therefor.
jointly and severally means “solidarily” in Quebec;
jointly and severally means where there are two or more persons responsible for a debt, each person may be liable for a proportionate share of the debt or the whole of the amount;
More Definitions of jointly and severally
jointly and severally clause means that everyone who signs the Lease Contract is responsible in full for any and all rents and damages. This means that any one resident can be held responsible for paying the entire rent and/or damages if one or more of the other residents move out before the completion of the lease. If you have roommates, we strongly urge you to sign a separate roommate agreement, for each and everyone’s protection. Please note that any roommate agreement is strictly between roommates only. The Owner and the Owner’s Agent are not a part of the roommate agreement and cannot enforce any terms of a roommate agreement.
jointly and severally clause means that everyone who signs the lease is responsible in full for any and all rents and damages. This means that any one resident can be held responsible for paying the entire rent and/or damages if one or more of the other residents move out before the completion of the lease.
jointly and severally as used in the this Section 7 means that the Company's obligation is joint and several with the obligation of each of the Selling Securityholders, but that the obligation of a Selling Securityholder is several and not joint with the obligation of the Company or any other Selling Securityholder.
jointly and severally means each adult named on the lease shall be responsible for timely payment of rent and performance of all other provisions of this agreement no matter what the other signers may do. All adult occupants must complete an application and will be added to the lease if approved. DIVORCE / BREAK UP: The landlord is not responsible for changes in the Residents’ personal life. The lease continues even if someone moves out. We do NOT remove them from the lease. One person can receive official notices on behalf of all leases. ROOMMATES: Should have a written business agreement between themselves. Even if a person moves out, they are still on the lease and responsible for the rent, cleaning, and damage. The landlord will not settle disputes between roommates. Security deposits stay with the home until all persons have vacated. When replacing a roommate, we suggest the new roommate “buy out” the deposit of the existing roommate. NEW OCCUPANTS: Spouses, or roommates must submit an application and be approved before occupying the Premises. In the case of a spouse who was not listed on the original application, that spouse must complete an application and be approved prior to occupancy.
jointly and severally. ), which means deputies can make decisions on their own or with other deputies.
jointly and severally clause means that everyone who signs the lease is responsible in full for any and all rents and damages. This means that any one resident can be held responsible for paying the entire rent and/or damages if one or more of the other residents move out before the completion of the lease. If you have roommates, we strongly urge you to sign a separate roommate agreement, for each and everyone’s protection. The Student Life office on campus has a very good contract for your use.
jointly and severally means that, in the case of either party breaching the contract, the other party shall have the capacity to perform the contract and assume the responsibility therefor.