Common use of JOINT AND SEVERAL RESPONSIBILITY Clause in Contracts

JOINT AND SEVERAL RESPONSIBILITY. If this Security Agreement is executed by more than one Debtor, the obligations of all such Debtors shall be joint and several.

Appears in 5 contracts

Sources: Commercial Security Agreement (Wireless International Inc), Commercial Security Agreement (Wireless International Inc), Commercial Security Agreement (Miller Petroleum Inc)

JOINT AND SEVERAL RESPONSIBILITY. If this Security Agreement is executed by more than one Debtor, the obligations of all such Debtors shall be joint and several.

Appears in 1 contract

Sources: Loan Agreement (WORTHPOINT Corp)