Jointly and severally liable definition

Jointly and severally liable means that each person will be responsible for complying with the obligations of and paying all charges and costs under this Agreement, both individually and together.

Jointly and severally liable means where there are two or more Tenants, you will each be responsible for complying with the obligations in this Agreement both individually and together. We may seek to enforce these obligations or claim damages in any sum against any one or more of you entirely at our discretion.

Jointly and severally liable means that if your roommates don’t pay their share or move out before the end of the lease, you are the one on the hook for the full amount of the rent

Examples of Jointly and severally liable in a sentence

• Jointly and severally liable members and past members may be assessed, whereby current members pay more than past members if provided for in the bylaws.

• Jointly and severally liable members and past members may be assessed according to any formula stated in the bylaws, including combinations of subdivisions a to d, if the formula is consistent with the provisions of this section.

• Jointly and severally liable members and past members may be assessed, whereby members and past members are assessed in proportion to the member's loss experience over the assessment base period if provided for in the bylaws.

• Jointly and severally liable means that each person will be responsible for complying with the obligations and paying all charges and costs under this agreement, both individually and together.

• Jointly and severally liable members and past members may be assessed whereby members belonging to the multiple employer welfare arrangement in poor loss years are assessed more than members belonging to the multiple employer welfare arrangement in better loss years if provided for in the bylaws.

More Definitions of Jointly and severally liable

Jointly and severally liable means when two or more persons jointly promise to do the same thing, but also separately promise to do the same thing, they are held responsible for the promise both individually and collectively as a group.For example, if party A and party B promise jointly and severally to pay USD100,000 to party C, then they are together under an obligation to pay USD100,000 to party C, but also individually they are under an obligation to pay the money to party C.(b) your obligations and liabilities will not be affected by:

Jointly and severally liable means that all the members of a group or individual members in that group may be liable for refunding money, which has not been authorised.

Jointly and severally liable means that each person will be responsible for complying with the obligations of the party and

Jointly and severally liable means that each person will be responsible for complying with the obligations

Jointly and severally liable means that each person will be responsible for complying with the obligations of and paying all charges and costs under this agreement, both individually and together. “Occupancy agreement” means any agreement between you and any occupier which permits them to occupy the premises whether or not it constitutes a tenancy agreement.

Jointly and severally liable means that each of you is legally responsible for 100% of the CLIENT’s obligations under this contract, not just his or her pro-rata portion.

Jointly and severally liable means when two or more persons jointly promise to do the same thing, but also separately promise to do the same thing , they are held responsible for the promise both individually and collectively as a group.