Several not Joint Clause Samples
The 'Several not Joint' clause establishes that each party to an agreement is responsible only for its own obligations and liabilities, rather than being collectively liable with other parties. In practice, this means that if one party fails to fulfill its duties or incurs a loss, the other parties are not required to cover or compensate for that failure. This clause is commonly used in multi-party contracts, such as consortium agreements or syndicated loans, to ensure that risk and responsibility are allocated individually. Its core function is to prevent parties from being held accountable for the actions or defaults of others, thereby clarifying and limiting each party's exposure.
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Several not Joint. The agreements, representations and obligations of the Parties under this Agreement are, in all respects, several and not joint. Any breach of this Agreement by any Party shall not result in liability for any other non-breaching Party.
Several not Joint. The agreements, representations and obligations of the Parties under this Agreement are, in all respects, several and not joint
Several not Joint. The obligations of Subscriber under this Subscription Agreement are several and not joint with the obligations of any Other Subscriber or any other investor under the Other Subscription Agreements, and Subscriber shall not be responsible in any way for the performance of the obligations of any Other Subscriber under any Other Subscription Agreement or any other investor under the Other Subscription Agreements. Nothing contained herein or in any Other Subscription Agreement, and no action taken by Subscriber or any Other Subscriber or other investor pursuant hereto or thereto, shall be deemed to constitute Subscriber and any Other Subscribers or other investors as a partnership, an association, a joint venture or any other kind of entity, or create a presumption that Subscriber and any Other Subscribers or other investors are in any way acting in concert or as a “group” (within the meaning of Section 13(d) of the Exchange Act) with respect to such obligations or the transactions contemplated by this Subscription Agreement and the Other Subscription Agreements. Subscriber acknowledges that no Other Subscriber has acted as agent for Subscriber in connection with making its investment hereunder and no Other Subscriber will be acting as agent of Subscriber in connection with monitoring its investment in the Subscriber Shares or enforcing its rights under this Subscription Agreement.
Several not Joint. The agreements and obligations of the Supporting Noteholders in this Section 5 shall be made or incurred, respectively, solely on such Supporting Noteholder’s own behalf and not on behalf of any other Supporting Noteholders and shall be several and not joint. 6.
Several not Joint. All representations, warranties, covenants, and indemnities will be made by the Selling Member and each Tag-Along Member severally and not jointly.
Several not Joint. The agreements, representations and obligations of each of the Consenting Noteholders are, in all respects, several and not joint.
Several not Joint. Except as otherwise expressly provided in this Plan Support Agreement, the agreements, representations, and obligations of the Parties under this Plan Support Agreement are several and not joint. Any breach of this Plan Support Agreement by any Party shall not result in liability for any other non-breaching Party. Failure by a Party to perform its obligations under this Plan Support Agreement shall not affect the obligations of any other Party under this Plan Support Agreement, except as set forth in Section 9 hereof.
Several not Joint. The Dragging Member and each Drag-Along Member shall make all representations, warranties, covenants, and indemnities severally and not jointly.
Several not Joint. For the avoidance of doubt, the representations, warranties, covenants and agreements of the Shareholders hereunder are several and not joint.
Several not Joint. 19.1. Where more than one person is a landowner of the Land under this Deed, then despite any other provision in this Deed, each landowner’s liability under this Deed is several (and not joint nor joint and several) and is limited to that proportion of the total liability which its interest in the Land bears from time to time to the aggregate of their interests in the Land.
19.2. As at the date of this Deed, the respective interests of TTCL and NMLN in the Land are:
19.2.1. NMLN: 50%; and
19.2.2. TTCL: 50%.
19.3. The percentages and landlords are subject to change to reflect the percentage interest of the landlords in the Land, as notified to Council in writing.