Common use of Calculation of Contribution Clause in Contracts

Calculation of Contribution. If the Corporation may be held to be entitled to contribution from the Agent under the provisions of any statute or at law, the Corporation shall be limited to contribution in an amount not exceeding the lesser of: (a) the portion of the full amount of the loss or liability giving rise to such contribution for which the Agent are responsible, as determined under clause 13(1); and (b) the amount of the aggregate Agent’s Fee actually received by the Agent from the Corporation under this Agreement.

Appears in 3 contracts

Samples: Agency Agreement (Kirkland Lake Gold Inc), Placing Agreement (Kirkland Lake Gold Inc), Agency Agreement (Kirkland Lake Gold Inc)

AutoNDA by SimpleDocs

Calculation of Contribution. If In the event that the Corporation may be held to be entitled to contribution from the Agent under the provisions of any statute or at law, the Corporation shall be limited to contribution in an amount not exceeding the lesser of: (ai) the portion of the full amount of the loss or liability giving rise to such contribution for which the Agent are is responsible, as determined under clause 13(1)in subsection 10(a) above; and (bii) the amount of the aggregate Agent’s Fee fee actually received by the Agent from the Corporation under this Agreement.

Appears in 1 contract

Samples: Agency Agreement (BE Resources Inc.)

Calculation of Contribution. If the Corporation may be held to be entitled to contribution from the Agent Agents under the provisions of any statute or at law, the Corporation shall be limited to contribution in an amount not exceeding the lesser of: (ai) the portion of the full amount of the loss or liability giving rise to such contribution for which the Agent Agents are responsible, as determined under clause 13(1in subsection 12(a); , and (bii) the amount of the aggregate Agent’s Fee fee actually received by the Agent Agents from the Corporation under this Agreement.

Appears in 1 contract

Samples: Agency Agreement (Vista Gold Corp)

Calculation of Contribution. If the Corporation may be held to be entitled to contribution from the Agent under the provisions of any statute or at law, the Corporation shall be limited to contribution in an amount not exceeding the lesser of: (ai) the portion of the full amount of the loss or liability giving rise to such contribution for which the Agent are is responsible, as determined under clause 13(1in subsection 12(a); , and (bii) the amount of the aggregate Agent’s Fee fee actually received by the Agent from the Corporation under this Agreement.

Appears in 1 contract

Samples: Agency Agreement (Vista Gold Corp)

AutoNDA by SimpleDocs

Calculation of Contribution. If In the event that the Corporation may be held to be entitled to contribution from the Agent under the provisions of any statute or at law, the Corporation shall be limited to contribution in an amount not exceeding the lesser of: (ai) the portion of the full amount of the loss or liability giving rise to such contribution for which the Agent are responsible, as determined under clause 13(1)in subsection 10(a) above; and (bii) the amount of the aggregate Agent’s Fee fee actually received by the Agent from the Corporation under this Agreement.

Appears in 1 contract

Samples: Agency Agreement (Crosshair Exploration & Mining Corp)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!