MORE THAN ONE PURCHASER Sample Clauses

The "More Than One Purchaser" clause defines how rights and obligations are managed when multiple parties jointly purchase an asset or enter into an agreement as buyers. Typically, this clause clarifies whether the purchasers are jointly and severally liable, how notices or payments are to be made, and how decisions among the purchasers are handled. For example, it may specify that any action taken by one purchaser binds all, or that all purchasers must act unanimously. The core function of this clause is to prevent confusion and disputes by clearly outlining the relationship and responsibilities among multiple purchasers, ensuring smooth administration of the contract.
MORE THAN ONE PURCHASER. In the event of the PURCHASER to this agreement being more than one person, then in such event all individual PURCHASERs shall be individually and severally held liable in solidum and as co-principal debtors together with the PURCHASER from this agreement, and no such party shall be entitled to any defense or exception of any nature which would otherwise have been available to him in order to evade or in any manner reduce the strict effect and provisions of this clause.
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MORE THAN ONE PURCHASER. In the event of there being more than one purchaser hereunder then their obligations hereunder shall be joint and several and in solidum.
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Related to MORE THAN ONE PURCHASER

  • When You Have More Than One Plan with BCBSRI If you are covered under more than one plan with us, you are entitled to covered benefits under both plans. If one plan has a benefit that the other(s) does not, you are entitled to coverage under the plan that has the benefit. The total payments you receive will never be more than the total allowable expense for the services you receive.

  • Investor The Investor must execute and deliver a Securities Purchase Agreement, and must complete a Certificate Questionnaire (in the form attached as Exhibit A hereto) and an Investor Questionnaire (in the form attached as Exhibit C hereto) in order to purchase the Securities.

  • Purchaser The signatory party to this Contract other than the Administrator. Purchaser is also defined to include employees and agents of the Purchaser authorized to conduct activities as required for execution of the timber sale Contract. As an independent contractor, neither the Purchaser, its employees or agents are considered employees of the State of Montana pursuant to work performed under this Contract.

  • Sub-Investment Advisers The Adviser may employ one or more sub-investment advisers from time to time to perform such of the acts and services of the Adviser, including the selection of brokers or dealers to execute the Trust's portfolio security transactions, and upon such terms and conditions as may be agreed upon between the Adviser and such sub-investment adviser and approved by the Trustees of the Trust, all as permitted by the Investment Company Act of 1940.

  • Seller For each Mortgage Loan, the seller of such Mortgage Loan pursuant to the Mortgage Loan Purchase Agreement.