Joint and several obligations clause samples

3.2Continuation of the joint and several obligations. In accordance with Clause 24.4(a) of the Contract, Sierra O&G remains jointly and severally responsible for compliance with the Contractor's obligations incurred or generated up to the date of the transfer of the Participating Interest to Sierra Blanca P&D, being relieved of any liability with respect to the obligations that are generated after the assignment.

6.3 Joint and Several Obligations. The obligations of the Companies under this Agreement are the joint and several obligations of Holdings and Claire’s. The obligations of the Managers are several and not joint.

22. JOINT AND SEVERAL OBLIGATIONS. If more than one person or entity is named as Borrower in this Agreement, all Obligations, representations, warranties, covenants and indemnities of Borrower set forth herein and in the other Loan Documents shall be the joint and several obligations of such persons and/or entities.

ARTICLE 10.2 JOINT AND SEVERAL OBLIGATIONS. All obligations of NutraLife and PhytoChem under the Transaction Documents are joint and not several. All obligations of the Pledgor are several and not joint under the Transaction Documents, and in no event shall the Pledger have any liability or obligation with respect to the acts or omissions of the Company or any other party to this Agreement.

f. Joint and Several Obligations. In the event that more than one person or entity executes this Agreement, the obligations of each person or entity shall be joint and several.

26.Joint and Several Obligations. If Guarantor consists of more than one Person, each Guarantor(a) acknowledges that this guaranty is the independent and several obligation of each Guarantor and may be enforced against each Guarantor separately, whether or not enforcement of any right or remedy hereunder has been sought against any other Guarantor; and (b) agrees that its liability hereunder and under any other Secured Obligation Document shall be absolute, unconditional, continuing and irrevocable. GUARANTOR EXPRESSLY WAIVES ANY REQUIREMENT THAT LENDER EXHAUST ANY RIGHT, POWER OR REMEDY AND PROCEED AGAINST THE OTHER GUARANTORS UNDER THIS GUARANTY, OR ANY OTHER SECURED OBLIGATION DOCUMENTS, OR AGAINST ANY OTHER PERSON UNDER ANY GUARANTY OF, OR SECURITY FOR, ANY OF THE GUARANTEED OBLIGATIONS.

8.4Joint and Several Obligations. If this Pledge Agreement is executed by more than one person or entity as the "Pledgor," the obligations of such persons or entities hereunder will be joint and several. Unless otherwise specified herein, any reference to "Pledgor" will mean each such person or entity executing this Pledge Agreement individually and all of such persons or entities collectively.

In March 2015, Comstock issued $700.0 million of 10% senior secured notes (the "Secured Notes") which are due on March 15, 2020. Interest on the Secured Notes is payable semi-annually on each March 15 and September 15. Net proceeds from the issuance of the Secured Notes of $683.8 million were used to retire the Company's bank credit facility and for general corporate purposes.Comstock also has outstanding (i) $336.1 million of 7¾% senior notes (the "2019 Notes") which are due on April1, 2019 and bear interest which is payable semi-annually on each April1 and October1 and (ii) $194.4 million of 9½% senior notes (the "2020 Notes") which are due on June15, 2020 and bear interest which is payable semi-annually on each June15 and December15. The Secured Notes are secured on a first-priority basis equally and ratably with the Company's revolving credit facility described below, subject to payment priorities in favor of the revolving credit facility by the collateral securing the revolving credit facility, which consists of, among other things, at least 80% of the Company's and its subsidiaries' oil and gas properties.The Secured Notes, the 2019 Notes and the 2020 Notes are general obligations of Comstock and are guaranteed by all of Comstock's subsidiaries. Such subsidiary guarantors are 100% owned and all of the guarantees are full and unconditional and joint and several obligations. There are no restrictions on the ability of Comstock to obtain funds from its subsidiaries through dividends or loans.As of March 31, 2016, Comstock had no material assets or operations which are independent of its subsidiaries.

In March 2015, we issued $700.0 million of 10% senior secured notes (the "Secured Notes") which are due on March 15, 2020.Interest on the Secured Notes is payable semi-annually on each March 15 and September 15.Net proceeds from the issuance of the Secured Notes of $683.8 million were used to retire our bank credit facility and for general corporate purposes.We also have outstanding (i) $336.1 million of 7¾% senior notes (the "2019 Notes") which are due on April1, 2019 and bear interest which is payable semi-annually on each April1 and October1 and (ii) $194.4 million of 9½% senior notes (the "2020 Notes") which are due on June15, 2020 and bear interest which is payable semi-annually on each June15 and December15.The Secured Notes are secured on a first priority basis equally and ratably with our revolving credit facility described below, subject to payment priorities in favor of the revolving credit facility by the collateral securing the revolving credit facility, which consists of, among other things, at least 80% of our and its subsidiaries' oil and gas properties.The Secured Notes, the 2019 Notes and 2020 Notes are our general obligations and are guaranteed by all of our subsidiaries. Such subsidiary guarantors are 100% owned and all of the guarantees are full and unconditional and joint and several obligations.There are no restrictions on our ability to obtain funds from our subsidiaries through dividends or loans. As of March 31, 2016, we had no material assets or operations which are independent of our subsidiaries.