Additionally, if directors or senior officers cause harm to entities other than the company in the course of performing their duties, the company should be held liable for compensation. If directors or senior officers act with malicious intent or gross negligence, they should also be held liable ...
The banks assume this obligation severally; that is, each bank severally commits to a quota of the total financing and is not responsible for the obligations of any other colender bank. The loan is granted exclusively for the purpose specified in the agreement itself (to contribute to finance ...
They are measured by his willingness to act. The maximum of liveness in an hypothesis means willingness to act irrevocably. Practically, that means belief; but there is some believing tendency wherever there is willingness to act at all. Next, let us call the decision between two hypotheses ...
Simple Interest Rate If you take out a $300,000 loan from the bank and the loan agreement stipulates that the interest rate on the loan is 4% simple interest, this means that you will have to pay the bank the original loan amount of $300,000 + (4% x $300,000) = $300,000 + $...
LIEN: The Carrier, his servants or agents, shall have a lien on the Goods or any part thereof and any document relating thereto and right to sell such Goods whether privately or by public auction without applying to any court of law, for all sums earned or due or payable to the Carrier...
Each Agent (including the Purchasing Agent) severally, and not jointly, agrees to indemnify and hold harmless the Company, each person, if any, who controls (within the meaning of either Section 15 of the Securities Act or Section 20 of the Exchange Act), the Company, and the Company’s ...
While the old lady had been speaking Tess and the other maid, in obedience to her gestures, had placed the fowls severally in her lap, and she had felt them over from head to tail, examining their beaks, their combs, the manes of the cocks, their wings, and their claws. Her touch ...
occurring before or after such consent, assignment or sublease, but rather Tenant and Tenant’s assignee or (to the extent of its obligations under its sublease) subtenant, as the case may be, shall be jointly and severally primarily liable for such payment and performance (including, without ...
the successor to which this liability was attributed to in the division agreement. If the successor fails to satisfy this claim, all the successors are jointly and severally liable (section 85(4) of the Companies Act). 必须从这个责任归因于在分裂协议的后继者首先要求在分裂协议明确地表明的所有责任...
In a standard joint brokerage account, each co-owner is jointly and severally liable for any investing activities within the account. This means each co-owner may be responsible for covering the full amount of any losses or liabilities incurred, even if they did not make the trades themselves....