JOINT AND SEVERAL LEASE Sample Clauses

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JOINT AND SEVERAL LEASE. Tenant understands and acknowledges that this is a joint and several lease whereby each Tenant is jointly and individually liable for all obligations under this Lease, including but not limited to rent monies. Joint and several liability means that all Tenants as a group, and each of the Tenants as an individual or one or more of the Tenants, are responsible to Landlord for all of the agreements of this Lease. In other words, if any Tenant, guests, or occupant violates this Lease, all Tenants are considered to have violated the Lease. For example, if the rent, or any additional rent, is not paid (or timely paid) Landlord can ▇▇▇ all of the Tenants (jointly) for any unpaid rent; or, Landlord can bring a suit against any one Tenant, or one or more Tenants, separately (severally) for all of the unpaid rent/fees. Landlord can choose to pursue collection on one or more Tenants or all Tenants. Further, Landlord’s requests and notices to any one Tenant, or one or more Tenant, constitute notice to all Tenants and occupants. Notices and requests from any one Tenant or occupant (including repair requests and entry permissions) constitute notice from all Tenants. In eviction suits, each Tenant is considered the agent of all other Tenants in the leased property for service of process.
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JOINT AND SEVERAL LEASE. It means that all the Tenants as a group and each of the Tenants as an individual are responsible to the Landlord for all of the agreements of this lease. For example, if the rent is not paid, the Landlord can sue all the Tenant’s (Jointly) for any unpaid rent. Or, Landlord can sue any one Tenant separately (Severally) for all the unpaid rent. If ▇▇▇▇▇▇ breaks this lease, ▇▇▇▇▇▇ agrees to give up the right to have a Notice to Leave, also known as a Notice to Quit. This means that the Landlord may file a lawsuit in court asking for a court order evicting Tenant from the Leased Premises without first giving Tenant Notice to Quit. The Landlord can only evict Tenant by court order. The Landlord does not have the right to sue in court for eviction unless ▇▇▇▇▇▇ has broken the agreements in this lease. Even though ▇▇▇▇▇▇ is waiving the right to Notice to Quit, ▇▇▇▇▇▇ will have notice of any eviction proceeding and any opportunity to be heard in court and to have a judge decide the Landlord’s claim for eviction. • To collect overdue Rent, late charges and money damages caused by ▇▇▇▇▇▇’s breaking the agreements in the Lease. • To evict Tenant and regain possession of the Leased Premises. • To collect for unpaid Rent until the end of the Lease Term or until another person leases the Leased Premises as a new Tenant. If Landlord succeeds in any lawsuit against ▇▇▇▇▇▇, Landlord can use the court process to take possession of ▇▇▇▇▇▇’s personal property, goods, furniture, motor vehicles, and money in banks. ▇▇▇▇▇▇ agrees that, if successful, Landlord may receive reasonable attorney’s fees as part of a court order in a lawsuit against Tenant for breach, in whole or in part, of the agreements set forth in this Lease and any agreements incorporated herein.
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JOINT AND SEVERAL LEASE. If this is NOT a JOINT AND SEVERAL LEASE, then the landlord can only ▇▇▇ one tenant for that tenant’s violation of the lease. If this IS a JOINT AND SEVERAL LEASE, it means that all the tenants as a group and each of the tenants as an individual are responsible to landlord for all of the agreements of this lease. For example, if the rent is not paid, landlord can ▇▇▇ all of the tenants (jointly) for any unpaid rent. Or, landlord can bring a suit against any one tenant separately (severally) for all of the unpaid rent. This means, in addition, that Landlord can choose to pursue collection against any single tenant or all tenants.
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JOINT AND SEVERAL LEASE. This IS NOT a
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JOINT AND SEVERAL LEASE. This is a joint and several lease such that each TENANT is jointly and severally (individually) liable for the TENANT’S obligations set forth herein.
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JOINT AND SEVERAL LEASE. This is a joint and several lease such that each Resident and/or their co-signer is jointly and severally (individually) liable for the total rent agreed to in this lease and any damages or costs.
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JOINT AND SEVERAL LEASE. It means that all of the Tenants as a group and each of the Tenants as an individual are responsible to the Landlord for all of the agreements of this lease. For example, if the rent is not paid, the Landlord can ▇▇▇ all of the Tenant’s (Jointly) for any unpaid rent. Or, Landlord can bring suit against any one Tenant separately (Severally) for all of the unpaid rent. If Tenant breaks this lease, each Tenant agrees to give up the right to have a Notice to Leave, also known as a Notice to Quit. This means that the Landlord may file a lawsuit in court asking for a court order evicting each Tenant from the leased property without giving each Tenant Notice to Quit first. Landlord does not have the right to throw Tenant out of the leased property. The Landlord can only evict Tenant by court action. The Landlord does not have the right to ▇▇▇ in court for eviction unless a Tenant has broken the agreements in this lease. Even though each Tenant is giving up Notice to Quit, each Tenant will have a chance in court to have a judge decide on the Landlord’s claim for eviction. ▇▇▇ ▇▇▇▇▇, ▇▇▇▇ ▇▇▇▇▇ and ▇▇▇▇ ▇▇▇  To collect overdue rent, late charges and money damages caused by Tenant’s breaking the agreements in the lease.  To get the leased property back.  To collect for unpaid rent until the end of the lease or until another person moves into the leased property as a new Tenant. If Landlord wins a lawsuit against Tenant, Landlord can use the court process to take Tenant’s personal goods, furniture, motor vehicles, and money in banks. Tenant agrees that Landlord may receive reasonable attorney’s fees as part of a court ruling in a lawsuit against Tenant for breaking the agreements of this lease.
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JOINT AND SEVERAL LEASE. It means that all of the Tenants as a group and each of the Tenants as an individual are responsible to the Landlord for all of the agreements of this lease. For example, if the rent is not paid, the Landlord can ▇▇▇ all of the Tenant’s (Jointly) for any unpaid rent. Or, Landlord can bring suit against any one Tenant separately (Severally) for all of the unpaid rent. If Tenant breaks this lease, Tenant agrees to give up the right to have a Notice to Leave, also known as a Notice to Quit. This means that the Landlord may file a lawsuit in court asking for a court order evicting Tenant from the Leased Premises without first giving Tenant Notice to Quit. . The Landlord can only evict Tenant by court order. The Landlord does not have the right to ▇▇▇ in court for eviction unless Tenant has broken the agreements in this lease. Even though Tenant is waiving the right to Notice to Quit, Tenant will have notice of any eviction proceeding and any opportunity to be heard in court and to have a judge decide the Landlord’s claim for eviction. ▇▇▇ ▇▇▇▇▇
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Related to JOINT AND SEVERAL LEASE

  • 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 Liabilities Sector members acknowledge and agree that they and the sector may be held jointly and severally liable for discarding legal sized fish, misreporting, and Annual Catch Entitlement (ACE) overages as specified in Federal regulations.

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

  • Joint and Several Liability of Borrowers (i) Each of the Borrowers is accepting joint and several liability hereunder and under the other Loan Documents in consideration of the financial accommodations to be provided by the Administrative Agent and the Lenders under this Agreement, 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. (ii) 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 10.18), it being the intention of the parties hereto that all the Obligations shall be the joint and several obligations of each Borrower without preferences or distinction among them. (iii) If and to the extent that any Borrower 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. (iv) The Obligations of each Borrower under the provisions of this Section 10.18 constitute the absolute and unconditional, full recourse Obligations of each Borrower enforceable against each such Borrower to the full extent of its properties and assets, irrespective of the validity, regularity or enforceability of this Agreement or any other circumstances whatsoever. (v) Except as otherwise expressly provided in this Agreement, each Borrower hereby waives notice of acceptance of its joint and several liability, notice of any Loans issued under or pursuant to this Agreement, notice of the occurrence of any Default, Event of Default, or of any demand for any payment under this Agreement, notice of any action at any time taken or omitted by the Administrative Agent or Lenders under or in respect of any of the Obligations, any requirement of diligence or to mitigate damages and, generally, to the extent permitted by applicable Law, all demands, notices and other formalities of every kind in connection with this Agreement (except as otherwise provided in this Agreement). Each Borrower hereby assents to, and waives notice of, any extension or postponement of the time for the payment of any of the Obligations, the acceptance of any payment of any of the Obligations, the acceptance of any partial payment thereon, any waiver, consent or other action or acquiescence by the Administrative Agent or Lenders at any time or times in respect of any default by any Borrower in the performance or satisfaction of any term, covenant, condition or provision of this Agreement, any and all other indulgences whatsoever by the Administrative Agent or Lenders in respect of any of the Obligations, and the taking, addition, substitution or release, in whole or in part, at any time or times, of any security for any of the Obligations or the addition, substitution or release, in whole or in part, of any Borrower. Without limiting the generality of the foregoing, each Borrower assents to any other action or delay in acting or failure to act on the part of the Administrative Agent or any Lender with respect to the failure by any Borrower to comply with any of its respective Obligations, including, without limitation, any failure strictly or diligently to assert any right or to pursue any remedy or to comply fully with applicable Laws or regulations thereunder, which might, but for the provisions of this Section 10.18, afford grounds for terminating, discharging or relieving any Borrower, in whole or in part, from any of its Obligations under this Section 10.18, it being the intention of each Borrower that, so long as any of the Obligations hereunder remain unsatisfied, the Obligations of such Borrower under this Section 10.18 shall not be discharged except by performance and then only to the extent of such performance. The Obligations of each Borrower under this Section 10.18 shall not be diminished or rendered unenforceable by any winding up, reorganization, arrangement, liquidation, reconstruction or similar proceeding with respect to any Borrower or the Administrative Agent or any Lender. The joint and several liability of each Borrower hereunder shall continue in full force and effect notwithstanding any absorption, merger, amalgamation or any other change whatsoever in the name, constitution or place of formation of any of the Borrowers or Administrative Agent or Lenders. (vi) The provisions of this Section 10.18 are made for the benefit of the Administrative Agent, the Lenders and their respective successors and assigns, and may be enforced by it or them from time to time against any or all Borrowers as often as occasion therefor may arise and without requirement on the part of Administrative Agent, or any Lender, successor or assign first to marshal any of its or their claims or to exercise any of its or their rights against any Borrower or to exhaust any remedies available to it or them against any Borrower or to resort to any other source or means of obtaining payment of any of the Obligations hereunder or to elect any other remedy. The provisions of this Section 10.18 shall remain in effect until all of the Obligations shall have been paid in full or otherwise fully satisfied. If at any time, any payment, or any part thereof, made in respect of any of the Obligations, is rescinded or must otherwise be restored or returned by the Administrative Agent or any Lender upon the insolvency, bankruptcy or reorganization of any Borrower, or otherwise, the provisions of this Section 10.18 will forthwith be reinstated in effect, as though such payment had not been made. (vii) Each Borrower hereby agrees that it will not enforce any of its rights of contribution or subrogation against any other Borrower with respect to any liability incurred by it hereunder or under any of the other Loan Documents, any payments made by it to the Administrative Agent or Lenders with respect to any of the Obligations or any collateral security therefor until such time as all of the Obligations have been paid in full in cash. Any claim which any Borrower may have against the other Borrowers with respect to any payments to the Administrative Agent or any Lender hereunder or under any other Loan Document is hereby expressly made subordinate and junior in right of payment, including without limitation, as to any increases in the Obligations arising hereunder or thereunder, to the prior payment in full in cash of the Obligations and, in the event of any insolvency, bankruptcy, receivership, liquidation, reorganization or other similar proceeding under the laws of any jurisdiction relating to any Borrower, its debts or its assets, whether voluntary or involuntary, all such Obligations shall be paid in full in cash before any payment or distribution of any character, whether in cash, securities or other property, shall be made to the other Borrowers therefor.