Common use of Joint Liability Clause in Contracts

Joint Liability. If more than one Person is included in the definition of "Borrower", then each Person included in the definition of "Borrower" will be jointly and severally liable for Borrower's obligations under this Agreement.

Appears in 5 contracts

Samples: Loan Agreement (CRAWFORD UNITED Corp), Loan Agreement (Educational Development Corp), Loan Agreement (Arcadia Biosciences, Inc.)

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Joint Liability. If more than one Person is included in the definition of "Borrower", then each Person included in the definition of "Borrower" will be jointly and severally liable for Borrower's ’s obligations under this Agreement.

Appears in 1 contract

Samples: Loan Agreement (ParagonCoin, LTD)

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