Severally definition

Severally or “Several” shall mean that with respect to the obligations of any Reinsurer, each agrees only for its own part, and not one for the other, in accordance with its individual, respective Certificate or several subscription to the Policy as set forth in Schedule A.
Severally means that each deponent separately swears to the oath or made the declaration as they would if doing it alone.
Severally means, when characterizing any obligation of certain Parents under this Agreement, such obligation will be undertaken severally, not jointly; provided, that with respect to any obligation relating to Sky or Sky GP, such obligation will be performed by Watson and Iris in the following proportions: Watson – 76% and Iris – 24%.

Examples of Severally in a sentence

Severally: Single signature Please fill in the required information for each Authorised Signatory.

Tenant, Jointly & Severally Tenant, Jointly & Severally Tenant, Jointly & Severally Tenant, Jointly & Severally Tenant, Jointly & Severally Agent date LEAD-BASED PAINT PROVISIONS: Tenant has received, read and understands Landlord's lead-based (LBP) disclosures and the Lead-Based Paint: Protect Your Family Pamphlet.

Or, the Landlord can bring suit against any one Student separately (Severally) for all of the unpaid rent.

Tenant, Jointly & Severally Tenant, Jointly & Severally Tenant, Jointly & Severally Agent date Disclosure of Information on Lead-Based Paint and Lead-Based Paint Hazards LEAD WARNING STATEMENT Housing built before 1978 may contain lead-based paint.

Tenant, Jointly & Severally Tenant, Jointly & Severally Tenant, Jointly & Severally Agent date NONSTANDARD RENTAL PROVISIONS ADDENDUM Equipment or Structure Failure In the unlikely event of equipment or structure failure, i.e., refrigerator, oven, air conditioner, roof, window, skylight, laundry equipment, etc., Landlord will make timely and reasonable efforts to repair such equipment or structure as possible during normal business hours.


More Definitions of Severally

Severally means each Stockholder shall be liable only for such Stockholder's Common Proportionate Share of any Buyer Indemnifiable Losses. Buyer Indemnifiable Losses resulting from or arising out of the breach by a Stockholder of any representation or warranty contained in Section 3 or any covenant or agreement made by such Stockholder in this Agreement or in any Schedule, Exhibit or certificate delivered under or in connection with this Agreement shall be satisfied solely by recourse to such breaching Stockholder's Common Proportionate Share of the Indemnity Escrow and only to the extent of such breaching Stockholder's Common Proportionate Share of the Indemnity Escrow (subject to the option of such breaching Stockholder to pay in cash rather than Escrowed Shares in accordance with the terms of the Indemnification Escrow Agreement).
Severally means each Stockholder is liable alone for his or her own share of a claim, proportionate to that Stockholder's percentage ownership of the Company Shares as reflected in Section 3.A(e) of the Company Disclosure Schedule.
Severally means (a) with respect to the issuance of the Notes, or the allocation or payment of any amount in respect of the Notes including any funding fee, to Partners and Executive, that 99.14179832% of such amount shall be allocated or paid to Partners and 0.85820168% shall be allocated or paid to Executive, and (b) with respect to the issuance of the Shares, or the allocation or payment of any amount in respect of the Shares, to Partners and Executive, that 99.14179832% of such amount shall be allocated or paid to Partners and 0.85820168% shall be allocated or paid to Executive.
Severally means each Principal Stockholder shall be liable only for such Principal Stockholder's Proportionate Share of the Loss or Losses. For purposes of this Agreement, the "Proportionate ------------- Share" for any Principal Stockholder means the percentage set forth opposite ----- such Principal Stockholder's name on Exhibit B hereto under the column headed --------- "Proportionate Share."
Severally means in the case of a Shareholder, up to his or her pro rata share of Losses (based upon such Shareholder's percentage ownership of the Company) and in the case of Gerd Muehllehner, Ph.D., up to an amount not exceeding 25% of the aggregate accrued and unpaid Contingent Payment Amount payable under the Gerd Employment Agreement.
Severally means that each of the Stockholders shall be severally and separately liable for only that portion of such Special Stockholder Liability equal to the Non-Escrowed Amount multiplied by the Percentage Ownership of such Stockholder; provided, however, that (A) the aggregate liability of any Stockholder for all Special Stockholder Liabilities shall not, in any event, exceed the sum of the amount of the Adjusted Purchase Price received by such Stockholder from the Buyer pursuant to Section 1.03(b)(i) and the amount distributed to such Stockholder from the Reserve Account (such sum defined as the "Individual Limitation" of such Stockholder), (B) in the case of a Stockholder's breach of his representations, warranties or covenants in Section 2 or Section 9 hereof, then the limitations of Section 1.05(f) shall apply, and (C) the aggregate liability of any Stockholder for claims for indemnification pursuant to Section 7.01(h) (whether settled by payments from the Reserve Account or by payments of Non-Escrowed Amounts) shall not exceed the Percentage Ownership of such Stockholder multiplied by (i) in the period commencing on the Closing Date and ending on the one-year anniversary of the Closing Date, an amount equal to the sum of (w) $750,000 less any amounts paid pursuant to Section 7.01 and (x) 50% of the amounts for indemnification claims pursuant to Section 7.01(h) over $750,000, up to an aggregate amount of $1,500,000 (for (w) plus (x)), or (ii) in the period commencing on the one-year anniversary of the Closing Date and ending on the two-year anniversary of the Closing Date, an amount equal to the sum of (y) $375,000 less any amounts paid pursuant to Section 7.01 and (z) 60% of the amounts for indemnification claims pursuant to Section 7.01(h) over $375,000, up to an aggregate amount of $1,500,000 (for (y) plus (z)) (for the avoidance of doubt, all amounts paid in the period described in (i) of this Section 1.04(c)(C) are counted toward (and reduce) the aggregate amount of liability described in (ii) of this Section 1.04(c)(C)).