Jointly or severally definition
NettetThe meaning of JOINTLY AND SEVERALLY is both together and separately. How to use jointly and severally in a sentence. Nettet28. feb. 2024 · Replied 29 January 2014. Jointly and \ or severally means It may either be jointly or may be severally and if requires the authorisation is for both options as well. Where jointly and singly both options may be availed. However, under jointly or severally means any one of the option may be adopted if jointly all the documents …
Jointly or severally definition
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NettetDefine severally. severally synonyms, severally pronunciation, severally translation, English dictionary definition of severally. adj. 1. Being of a number more than two or three but not many: several miles away. 2. ... Related … Nettet15. des. 2024 · Summary. The term or phrase “jointly and severally” is a legal term used to describe a partnership whereby each party or member holds equal responsibility for …
Nettet(a) Subject to Section 2.1(d) below, the Guarantors, jointly and severally, unconditionally and irrevocably guarantee the full and prompt (i) payment in full when due, whether by acceleration or otherwise, and at all times thereafter, of any and all Guaranteed Obligations, including all such amounts which would become due but for the operation … NettetIn contract, joint and several liability arises when two or more persons jointly promise in the same contract to do the same thing, but also separately promise to do the same thing. For example, if A and B promise jointly and severally to pay £100 to C, then they are together under an obligation to pay £100 to C, but they are also ...
Nettet30. apr. 2024 · The LPA may tell you to make some decisions ‘jointly’ and others ‘jointly and severally’. Find out what to do if you make decisions jointly with someone who … NettetDefine SEVERALLY, BUT NOT JOINTLY AND SEVERALLY. as used herein, shall mean (i) that with respect to any representation, warranty, covenant or agreement of a party hereunder (including the agreements to indemnify, hold harmless or otherwise compensate a Person hereunder), that such party is making the representation, warranty, covenant …
Nettet29. des. 2024 · severally definition: 1. separately, rather than as a member of a group: 2. separately, rather than as a member of a…. Learn more.
NettetJointly and Severally Definition & Example InvestingAnswers. Most bonds are quoted at a 1-year term but gas are quoted at a 2-year or 3-year term. Securities as a team also carries different meaning in different context. A Difference That change Matter Borrower versus Guarantor. lonoke holiday inn express lonoke arNettetPublication date: 31 Dec 2024. us Financing guide 2.9. A joint and several liability is an obligation shared by several parties that is enforceable, for the full amount of the obligation, against any one of the parties. For example, in a joint and several debt obligation, the lender can demand payment in accordance with the terms of the debt ... lonoke library systemNettetRelated to Jointly and severally responsible. States Parties means the States Parties to the Convention;. Person responsible for the child s care” means (1) an individual functioning within the family unit and having responsibilities for the care of the child such as a parent, guardian, or other person having similar care responsibilities, or (2) an … lonoke methodist churchNettet21. okt. 2024 · For example, suppose John and Jane promise to jointly pay Bob $100. This means that John and Jane are together liable for the total debt of $100. If John pays $30, it reduces the total of the remaining debt, which leaves $70 that they still together owe to Bob. If Bob sues for the remainder, John and Jane will be sued together. hoppe lock cylindersNettetDefine Jointly/Severally. means (a) with respect to the Non-ESOP Securityholders’ payment obligations with respect to Purchase Price adjustments as set forth in Section 2.5(e) for amounts in excess of the Adjustment Escrow Amount, severally but not jointly for each Non-ESOP Securityholder in accordance with such Non-ESOP … lonoke motor company lonoke arNettetseverally meaning: 1. separately, rather than as a member of a group: 2. separately, rather than as a member of a…. Learn more. hoppe libertarianNettetIn contract, joint and several liability arises when two or more persons jointly promise in the same contract to do the same thing, but also separately promise to do the same … hoppe lock cylinder removal