JOINT AND SEVERAL AGREEMENT Sample Clauses
A Joint and Several Agreement clause establishes that each party to the agreement is individually and collectively responsible for fulfilling the obligations under the contract. This means that if one party fails to perform, the other parties can be held fully liable for the entire obligation, not just their share. For example, in a loan agreement with multiple borrowers, the lender can demand full repayment from any one borrower if the others default. The core practical function of this clause is to provide assurance to the other party or parties that obligations will be met, thereby reducing the risk of non-performance by allowing recourse against any or all responsible parties.
JOINT AND SEVERAL AGREEMENT. All TENANTS who sign this Lease are jointly and severally responsible for payment of rent to the LANDLORD and for Damages caused to the rental unit (late fees, physical damage, unpaid utility bills, rent in the arrears, etc.). Failure to meet the terms and conditions of the contract by one or more of the TENANT(S) shall be considered a failure of all TENANTS to meet the terms and conditions of the contract and shall make all equally responsible.
JOINT AND SEVERAL AGREEMENT. All Residents and all guarantors (if any) who sign this lease are jointly and severally responsible for the payment of rent to the Landlord and for damages caused to the rental unit (physical damage, unpaid utility bills, and rent in arrears). Failure to meet the terms and conditions of the contract by one or more of the Residents or by any guarantor shall be considered a failure of all Residents and guarantors to meet the terms and conditions of the contract, and all shall remain jointly and severally responsible for same.
JOINT AND SEVERAL AGREEMENT. All TENANT(s) who sign this Lease are jointly and severally responsible for the payment of rent to the LANDLORD and for damages caused to the rental unit (late fees, physical damage, unpaid utility bills, rent in the arrears, etc.). Failure to meet the terms and conditions of the contract by one or more of the TENANT(s), shall be considered a failure of all TENANT(s) to meet the terms and conditions of the contract, and shall make all equally responsible.
JOINT AND SEVERAL AGREEMENT. Responsible Party agrees to all of the terms and conditions herein and undertakes the full and legal financial responsibility for paying Student’s tuition, fees, and other charges promptly as provided in this Agreement. Each person signing this Agreement understands that obligations hereunder are joint and several, that is, each signatory is liable for the total payment obligation when due. The obligation is not affected by any private agreements between parents or other parties, or any court orders regarding responsibility for payment of educational expenses. Responsible Party agrees to inform the School’s business office immediately of any changes in legal custody or of impending difficulties in payment and to respond promptly to all communications from the School. This Agreement is between St. Mary’s Parish School, Moscow, ID (“the School”) and the undersigned (“Responsible Party”) for the enrollment of ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇ (“Student”) in 1st Grade for the 2022-2023 school year.
JOINT AND SEVERAL AGREEMENT. Responsible Party agrees to all of the terms and conditions herein and undertakes the full and legal financial responsibility for paying Student’s tuition, fees, and other charges promptly as provided in this Agreement. Each person signing this Agreement understands that obligations hereunder are joint and several, that is, each signatory is liable for the total payment obligation when due. The obligation is not affected by any private agreements between parents or other parties, or any court orders regarding responsibility for payment of educational expenses. Responsible Party agrees to inform the School’s business office immediately of any changes in legal custody or of impending difficulties in payment and to respond promptly to all communications from the School.
JOINT AND SEVERAL AGREEMENT. By signing this Residential Lease, each of the undersigned tenants is acknowledging and agreeing to be held jointly and severally liable for all amounts due and owing under the terms of this Residential Lease, including but not limited to amounts due for rent and for damages to the rental unit (including physical damage, unpaid utility bills and rent arrearage). Payment by one tenant of a pro-rated or apportioned share of the rent owing for any given month(s) or for damages shall not waive, release or discharge that tenant from liability for the full amount of monies due and owing under terms of this Residence Lease. Furthermore, any failure by any one tenant to meet any of the contractual obligations under this Residential Lease shall be considered a material breach of the Residential Lease by all undersigned tenants.
JOINT AND SEVERAL AGREEMENT. All obligations of the Pledgors hereunder are the joint and several obligations and undertakings of each Person signing this Pledge Agreement as a “Pledgor”.
JOINT AND SEVERAL AGREEMENT. Each TENANT is jointly and severally responsible for the total rent and all covenants and conditions of this Lease Agreement. This means that each TENANT who signs this Lease Agreement is responsible not only for his or her individual obligations but also for the obligations of all other TENANTS. This includes paying rent, physical damage, unpaid utility bills, rent in arrears, and performing all other terms of this Lease Agreement. Failure to meet the terms and conditions of this Lease Agreement or any law shall be considered a failure of all TENANTS and shall make all equally responsible. A judgment entered against one or more TENANT does not bar an action against the others.
JOINT AND SEVERAL AGREEMENT all residents who sign this lease are jointly and severally responsible for the payment of rent to the landlord and for damages caused to the rental unit (physical damage, unpaid utility bills, and rent in arrears). Failure to meet the terms and conditions of the contract by one or more of the residents shall be considered a failure of all residents to meet the terms and conditions of the contract, and shall make all equally responsible.
JOINT AND SEVERAL AGREEMENT. All who sign this lease are jointly and severally responsible for the payment of rent to the landlord and for damages caused to the rental unit (physical damage, unpaid utility bills, and rent in arrears, etc.) Landlords and residents, both, have maintenance responsibilities. Under Michigan law, a landlord is obligated to keep rental property in reasonable repair and to comply with health and safety laws. Residents are to maintain the premises in a safe and sanitary condition.