Common use of Allocation of Liability Clause in Contracts

Allocation of Liability. Notwithstanding any other provision in this Agreement to the contrary, to the extent any obligation to reimburse or indemnify any Indemnitee that arises pursuant to Section 9.5(b) is not attributable to any particular Borrower or Borrowers, then such reimbursement or indemnification shall be made by each Borrower (ratably, in accordance with its respective Pro Rata Allocation). To the extent any such obligation to reimburse or indemnify any Indemnified Party is attributable to one or more Borrowers, then such reimbursement or indemnification shall be made by such Borrower or, if more than one Borrower, ratably by such Borrowers based on their respective Pro Rata Allocations.

Appears in 11 contracts

Samples: Credit Agreement (Columbia Funds Variable Series Trust II), Credit Agreement (Columbia Acorn Trust), Credit Agreement (Wanger Advisors Trust)

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