Common use of Joint and Several Obligations Clause in Contracts

Joint and Several Obligations. If Seller consists of more than one person or entity, each such person or entity shall be jointly and severally liable with respect to the obligations of Seller under this Contract.

Appears in 139 contracts

Sources: Purchase Agreement, Purchase Contract (Apple REIT Ten, Inc.), Purchase Contract (Apple REIT Ten, Inc.)

Joint and Several Obligations. If Seller consists of more than one person or entityentity (but not including member or members of Seller), each such person or entity shall be jointly and severally liable with respect to the obligations of Seller under this Contract.

Appears in 9 contracts

Sources: Purchase Contract (Apple REIT Nine, Inc.), Purchase Contract (Apple REIT Nine, Inc.), Purchase Contract (Apple REIT Nine, Inc.)

Joint and Several Obligations. If Seller or Buyer consists of more than one person or entity, each such person or entity shall be jointly and severally liable with respect to the obligations of Seller and Buyer, respectively under this Contract.

Appears in 3 contracts

Sources: Purchase Contract (Hersha Hospitality Trust), Purchase Contract (Hersha Hospitality Trust), Purchase Contract (Hersha Hospitality Trust)

Joint and Several Obligations. If any Seller consists of more than one person or entity, each such person or entity shall be jointly and severally liable with respect to the obligations of Seller Sellers under this Contract.

Appears in 3 contracts

Sources: Purchase Contract (Apple REIT Eight, Inc.), Purchase Contract (Apple Reit Six Inc), Purchase Contract (Apple REIT Seven, Inc.)

Joint and Several Obligations. If Seller consists of more than one person or entity, each such Each person or entity constituting Seller (including without limitation Briad) shall be jointly and severally liable with respect to the obligations of Seller under this Contract.

Appears in 1 contract

Sources: Purchase Contract (Apple Hospitality Five Inc)

Joint and Several Obligations. If Seller consists of more than one person or entity, each such person or entity shall be jointly and severally liable with respect to the obligations of Seller under this Contract.. 16. 14( Intentionally Omitted)

Appears in 1 contract

Sources: Purchase Contract (Apple REIT Eight, Inc.)