JOINT AND SEVERAL TENANCY Sample Clauses

JOINT AND SEVERAL TENANCY. If more than one person signs this lease as a Tenant, their obligations are joint and several. This means that each person is responsible not only for his or her individual obligations, but also for the obligations of all other Tenants. This includes paying rent and performing all other terms of this lease. A judgment entered against one or more Tenant(s) does not bar an action against the others. Each Tenant must initial this paragraph: (1) , (2) , (3) , (4) .
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JOINT AND SEVERAL TENANCY. If more than one person executes this Lease Agreement as Tenant, their obligations hereunder are joint and several, and any act or notice of or to, or refund to, or the signature of, any one or more of them, in relation to the renewal or termination of this Lease Agreement, or under or with respect to any of the terms hereof shall be fully binding on each and all of the persons executing this Lease Agreement as a Tenant.
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JOINT AND SEVERAL TENANCY. If more than one person executes this Lease as Lessee, their obligations hereunder are joint and several, and any act or notice of or to, or refund to, or the signature of, any one or more of them, in relation to the renewal or termination of this Lease, or under or with respect to any of the terms hereof shall be fully binding on each and all of the persons executing this Lease as a Lessee.
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JOINT AND SEVERAL TENANCY. Tenant acknowledges that this Agreement is between Landlord and each person executing this Agreement as Tenants jointly and severally. Their obligations are joint and several, and all terms of this Agreement shall be fully binding jointly and severally upon each Tenant. In the event of default by any one Tenant, each and every remaining Tenant shall continue to be responsible for payment of the rent and all other terms of this Agreement. In the event any one Tenant shall default and vacate Premises, that shall constitute a waiver of his/her claim or right to the security deposit and advance rent (if any), and said deposit and advance rent (if any) shall continue to be held for the benefit of remaining Tenant(s) and shall be disbursed in the name(s) of any remaining Tenant(s).
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JOINT AND SEVERAL TENANCY. 21.1 The term “Tenant” used in this lease refers collectively to all persons named above and signing this lease as Tenant, and the liability of each such person will be joint and several. Accordingly, liability will be imposed to the same extent and in the same manner on each person, although only one person may be at fault, with each person liable separately for the entire amount of any judgment. Notice given by Landlord to any person named as Tenant, or by any such person to Landlord, will bind all persons signing this lease as Tenant.
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JOINT AND SEVERAL TENANCY. Both entities executing this Lease shall be considered the Tenant and their obligations hereunder are joint and several, and any act or notice of or to, or refund to, or the signature of, any one or more of them, in relation to the renewal or termination of this Lease, or under or with respect to any of the terms hereof shall be fully binding on each and all of the entities persons executing this Lease as a Lessee.
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JOINT AND SEVERAL TENANCY. In the event that there is more than one Tenant hereunder, all covenants contained herein shall be deemed joint and several and any notice given by or served on one Tenant shall be deemed notices given by or served on all Tenants of the same Premises. To clarify, when two or more persons comprise the Tenant for the purposes of this Lease, the Landlord may collect the rent due to the Landlord pursuant to this Lease from any one, some, or all of them; and their obligations hereunder 4 Landlord Initials Tenant(s) Initials 000 Xxxxxxxxxx Xxxxxx Xxxx Xxxxx 000, shall be joint as well as several. Upon termination of this Lease, the Landlord is under no obligation to remove a Tenant from the lease until full and complete vacant possession of the Premises has been returned to the Landlord. One tenant cannot terminate the lease of any other joint tenant of this Lease. Only upon expiration of the terms of this Lease, as set forth herein, if one person of the tenancy wishes to terminate the tenancy then all joint tenants must agree in writing to do so by providing sixty (60) days’ advance written notice to the Landlord to terminate their tenancy. If any person of the tenancy wishes to continue their tenancy beyond the sixty (60) days’ notice provided, then such Tenant may re-submit a rental application to the Landlord for approval, which approval shall require a new lease. Such approval shall be at the sole discretion of the Landlord and may be declined by the Landlord without explanation.
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JOINT AND SEVERAL TENANCY. If more than one person signs this lease as a Resident, their obligations are joint and several. This means that each person is responsible not only for his or her individual obligations, but also for the obligations of all other Residents. This includes paying rent and performing all other terms of this Agreement. A judgment entered against one or more Resident(s) does not bar an action against the others.
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JOINT AND SEVERAL TENANCY. If more than one person executes this Lease as Resident, their obligation hereunder are joint and several, whether or not such Resident is in actual possession of the suite, and any act or notice of or to, or refund to, or the signature of, any one or more of them, in relation to the extension or termination of this Lease, or under or with respect to any of the terms hereof, shall be fully binding upon each and all of the persons executing this Lease as Resident.
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Related to JOINT AND SEVERAL TENANCY

  • Joint and Several If there is more than one Tenant, the obligations imposed upon Tenant under this Lease shall be joint and several.

  • Obligations Joint and Several Should more than one person or entity sign this Note as a Borrower, the obligations of each such Borrower shall be joint and several.

  • Joint and Several Liability Each Borrower agrees that it is jointly and severally liable for, and absolutely and unconditionally guarantees to Agent and Lenders the prompt payment and performance of, all Obligations and all agreements under the Loan Documents. Each Borrower agrees that its guaranty obligations hereunder constitute a continuing guaranty of payment and not of collection, that such obligations shall not be discharged until Full Payment of the Obligations, and that such obligations are absolute and unconditional, irrespective of (a) the genuineness, validity, regularity, enforceability, subordination or any future modification of, or change in, any Obligations or Loan Document, or any other document, instrument or agreement to which any Obligor is or may become a party or be bound; (b) the absence of any action to enforce this Agreement (including this Section) or any other Loan Document, or any waiver, consent or indulgence of any kind by Agent or any Lender with respect thereto; (c) the existence, value or condition of, or failure to perfect a Lien or to preserve rights against, any security or guaranty for the Obligations or any action, or the absence of any action, by Agent or any Lender in respect thereof (including the release of any security or guaranty); (d) the insolvency of any Obligor; (e) any election by Agent or any Lender in an Insolvency Proceeding for the application of Section 1111(b)(2) of the Bankruptcy Code; (f) any borrowing or grant of a Lien by any other Borrower, as debtor-in-possession under Section 364 of the Bankruptcy Code or otherwise; (g) the disallowance of any claims of Agent or any Lender against any Obligor for the repayment of any Obligations under Section 502 of the Bankruptcy Code or otherwise; or (h) any other action or circumstances that might otherwise constitute a legal or equitable discharge or defense of a surety or guarantor, except Full Payment of all Obligations.

  • Joint and Several Liability of the Borrowers (a) Notwithstanding anything in this Agreement or any other Loan Document to the contrary, each of the Borrowers hereby accepts joint and several liability hereunder and under the other Loan Documents for the Obligations, in consideration of the financial accommodations to be provided by the Agents and the Lenders under this Agreement and the other Loan Documents, for the mutual benefit, directly and indirectly, of each of the Borrowers and in consideration of the undertakings of the other Borrowers to accept joint and several liability for the Obligations. Each of the Borrowers, jointly and severally, hereby irrevocably and unconditionally accepts, not merely as a surety but also as a co-debtor, joint and several liability with the other Borrowers, with respect to the payment and performance of all of the Obligations (including, without limitation, any Obligations arising under this Section 4.05) it being the intention of the parties hereto that all of the Obligations shall be the joint and several obligations of each of the Borrowers without preferences or distinction among them. If and to the extent that any of the Borrowers shall fail to make any payment with respect to any of the Obligations as and when due or to perform any of the Obligations in accordance with the terms thereof, then in each such event, the other Borrowers will make such payment with respect to, or perform, such Obligation. Subject to the terms and conditions hereof, the Obligations of each of the Borrowers under the provisions of this Section 4.05 constitute the absolute and unconditional, full recourse Obligations of each of the Borrowers, enforceable against each such Person to the full extent of its properties and assets, irrespective of the validity, regularity or enforceability of this Agreement, the other Loan Documents or any other circumstances whatsoever.

  • Joint and Several Liability of Borrowers (a) Each Borrower is accepting joint and several liability hereunder and under the other Loan Documents in consideration of the financial accommodations to be provided by the Lender Group under this Agreement, for the mutual benefit, directly and indirectly, of each Borrower and in consideration of the undertakings of the other Borrowers to accept joint and several liability for the Obligations.

  • Joint and Several Obligations of Grantors (a) Each of the Grantors is accepting joint and several liability hereunder in consideration of the financial accommodations to be provided by the Lenders under the Credit Agreement, for the mutual benefit, directly and indirectly, of each of the Grantors and in consideration of the undertakings of each of the Grantors to accept joint and several liability for the obligations of each of them.

  • Joint and Several Obligations THE OBLIGATIONS OF THE GUARANTORS HEREUNDER SHALL BE JOINT AND SEVERAL, AND ACCORDINGLY, EACH GUARANTOR CONFIRMS THAT IT IS LIABLE FOR THE FULL AMOUNT OF THE “GUARANTIED OBLIGATIONS” AND ALL OF THE OBLIGATIONS AND LIABILITIES OF EACH OF THE OTHER GUARANTORS HEREUNDER.

  • Joint and Several Obligation This Guaranty and all liabilities of each Guarantor hereunder shall be the joint and several obligation of each Guarantor and may be freely enforced against each Guarantor, for the full amount of the Guaranteed Obligations (subject to Section 2.9), without regard to whether enforcement is sought or available against any other Guarantor.

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