Solidary definition

Solidary means that each such person is liable individually for the whole amount due.
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Solidary as used herein and in the Assignment Agreements shall be read and interpreted in accordance with the Civil Code of Quebec.
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Solidary shall be deemed to include “joint and several”, (m) “intentional or gross fault” shall be deemed to include “gross negligence or willful misconduct”, (n) “ownership” shall be deemed to include “beneficial ownership”, (o) “servitude” shall be deemed to include “easement”, (p) “prior claim” shall be deemed to include “priority”, (q) “certificate of location and plan” shall be deemed to include “survey”, (r) “absolute ownership” shall be deemed to include “fee simple title”, and (s) “rights resulting from a lease” shall be deemed to include “leasehold interest”.
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Examples of Solidary in a sentence

  • As a result of the foregoing, the parties hereto acknowledge that the Agent and each Secured Party shall at all times have a valid and effective right of action for the entire Solidary Claim of the Agent and such Secured Party and the right to give full acquittance for it.

  • Accordingly, and without limiting the generality of the foregoing, the Agent, as solidary creditor with each Secured Party, shall at all times have a valid and effective right of action in respect of the Solidary Claim and the right to give a full acquittance for same.

  • As a result of the foregoing, the parties hereto acknowledge that the Administrative Agent and each Secured Party shall at all times have a valid and effective right of action for the entire Solidary Claim of the Administrative Agent and such Secured Party and the right to give full acquittance for it.

  • Accordingly, and without limiting the generality of the foregoing, the Administrative Agent, as solidary creditor with each Secured Party, shall at all times have a valid and effective right of action in respect of the Solidary Claim and the right to give a full acquittance for same.

  • As a result of the foregoing, the parties hereto acknowledge that the Administrative Agent and each Lender Party shall at all times have a valid and effective right of action for the entire Solidary Claim of the Administrative Agent and such Lender Party and the right to give full acquittance for same.

  • Accordingly, but subject (for the avoidance of doubt) to Article 1542 of the Civil Code of Québec, each such Loan Party is irrevocably bound towards the Administrative Agent and each Lender Party in respect of the entire Solidary Claim of the Administrative Agent and such Lender Party.

  • As a result of the foregoing, the parties hereto acknowledge that the Agent and each Lender shall at all times have a valid and effective right of action for the entire Solidary Claim of the Agent and such Lender and the right to give full acquittance for it.

  • As a result of the foregoing, the parties hereto acknowledge that the ABL Collateral Agent and each Secured Party shall at all times have a valid and effective right of action for the entire Solidary Claim of the ABL Collateral Agent and such Secured Party and the right to give full acquittance for it.

  • As a result of the foregoing, the parties hereto acknowledge that Agent and each Secured Party shall at all times have a valid and effective right of action for the entire Solidary Claim of Agent and such Secured Party and the right to give full acquittance for it.

  • Accordingly, but subject (for the avoidance of doubt) to Article 1542 of the Civil Code of Québec, the Loan Parties are irrevocably bound towards the ABL Collateral Agent and each Secured Party in respect of the entire Solidary Claim of the ABL Collateral Agent and such Secured Party.


More Definitions of Solidary

Solidary as used herein shall be read and interpreted in accordance -------- with the Civil Code of Quebec. --------------------
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Solidary means that you do not bear the risks of, for example, investing only by yourself. For example, a solidarity reserve will be built up, which can be used to protect pensions in a year with financial setbacks.
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Solidary as used herein and in EXHIBIT "O" shall be read and -------- interpreted in accordance with the Civil Code of Quebec. --------------------
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Solidary as used herein shall be read and interpreted in accordance with the Civil Code of Quebec, (g) the words "asset" and "property" shall be construed to have the same meaning and effect and to refer to any and all tangible, moveable and immoveable, and intangible assets and properties, including cash, securities, accounts and contract rights and (h) all references to "$" or "dollars" or to amounts of money shall, unless otherwise expressly provided to be CD$, be deemed to be references to the lawful currency of the United States of America.
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Related to Solidary

  • Controlling Secured Parties means, with respect to any Shared Collateral, the Series of First Lien Secured Parties whose Authorized Representative is the Applicable Authorized Representative for such Shared Collateral.

  • Finance Parties means the Facility Agent, the Arrangers, the Bookrunners, the Security Trustee, the Lenders, the holders of any Senior Secured Notes and the trustees and/or agents in respect of any Senior Secured Notes and “Finance Party” means any of them.

  • Notes Secured Parties means the Secured Noteholders, the Notes Collateral Agent and the Notes Trustee.

  • Non-Controlling Secured Parties means, with respect to any Shared Collateral, the First Lien Secured Parties which are not Controlling Secured Parties with respect to such Shared Collateral.

  • Exculpated Parties shall have the meaning set forth in Section 13.1 hereof.