Joint and Several Liabilities Clause Samples
The Joint and Several Liabilities clause establishes that each party involved is individually responsible for the full extent of the obligations under the agreement, as well as collectively with the other parties. In practice, this means that if one party fails to fulfill their obligations, the other parties can be required to cover the default, and a claimant may pursue any or all parties for the entire amount owed. This clause ensures that the risk of non-performance is minimized for the other party to the contract, as it provides multiple avenues for recovery and prevents parties from avoiding liability by shifting blame or responsibility.
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Joint and Several Liabilities. 37 Sector members acknowledge and agree that they and the sector may be held jointly and 38 severally liable for discarding legal sized fish, misreporting, and Annual Catch 39 Entitlement (ACE) overages as specified in Federal regulations. 40 41 Sector members agree that violations by an individual member, for which all members 42 may be jointly and severally liable, will be the sole responsibility of the individual 43 member committing such violations, including all monetary fines and fishing restrictions 44 imposed by the Sector and/or the National Marine Fisheries Service.
Joint and Several Liabilities. If this is a Group Lease, all Tenants as a group and each of the Tenants as an individual are responsible to Landlord for all of the agreements and rentals under this Lease.
Joint and Several Liabilities. The student and guarantor(s) shall be individually liable, and jointly liable with other students for all damage done to rooming accommodations and furnishings therein. The student and guarantor(s) also agree to be jointly responsible with other residents for residence hall accommodations, furnishings, and equipment and to share in the payment of damages sustained. The University will assume no liability for personal injury of students who choose to utilize the bunk option of University beds. For those students who so desire, bed rails are available upon request.
Joint and Several Liabilities. The Parties do hereby undertake to be jointly and severally responsible for all obligations and liabilities relating to the Project and in accordance with the terms of the TENDER and the tender for “The Work, till such time as prescribed in accordance with the tender for “The Work”.
Joint and Several Liabilities. 10 Sector members acknowledge and agree that they and the sector may be held jointly and 11 severally liable if they or their hired captain or crew
Joint and Several Liabilities. All partner of Joint Venture/Consortium shall be liable jointly and severally during the Pre-qualification and Bidding process; and in the event the contract is awarded, during the execution of the Contract, in accordance with Contract terms.
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 Liabilities. Where the expression 'the Tenant' comprises more than one person the obligations on the part of such persons shall be joint and several.
Joint and Several Liabilities. If more than one (1) Member party shall execute this Agreement, the obligations of the Members shall be their joint and several obligations in every instance.
Joint and Several Liabilities. With respect to HR Liabilities that, under applicable Law or Labor Agreement, result in joint and several liability between two or more Parties, such HR Liabilities, to the extent not otherwise addressed herein, shall be apportioned among the Parties based on the principles of the Separation Agreement in respect of shared liabilities.