Common use of Joint and Several Liability and Certain Penalty Limitations for Individual CTCC Members Clause in Contracts

Joint and Several Liability and Certain Penalty Limitations for Individual CTCC Members. The Corporate CTCC members shall be jointly and severally liable for payment of the penalties imposed by section VI. paragraphs C.1.a., C.2.a., and D.1. The penalties on the Individual CTCC members are to be paid by the specific Individual CTCC member subject to the penalty.