Common use of JOINTLY AND SEVERALLY Clause in Contracts

JOINTLY AND SEVERALLY. In the event that there are two or more Guarantors with respect to a series of Securities, each Guarantor agrees that it is jointly and severally liable for all the Indenture Obligations under the Guarantees with respect to such series of Guaranteed Securities.

Appears in 5 contracts

Sources: Indenture (Nabors Industries Inc), Indenture (Helmerich & Payne, Inc.), Indenture (Nabors Industries Inc)