Common use of Contribution Among Guarantors Clause in Contracts

Contribution Among Guarantors. The Guarantors desire to allocate among themselves, in a fair and equitable manner, their rights of contribution from each other when any payment is made by one of the Guarantors under this Guaranty. Accordingly, if any payment is made by a Guarantor under this Guaranty (a "Funding Guarantor") that exceeds its Fair Share, the Funding Guarantor shall be entitled to a contribution from each other Guarantor in the amount of such other Guarantor's Fair Share Shortfall, so that all such contributions shall cause each Guarantor's Aggregate Payments to equal its Fair Share. For these purposes:

Appears in 9 contracts

Samples: Revolving Credit Agreement (Realty Income Corp), Security Agreement (Evergreen International Aviation Inc), Pledge Agreement (Ocular Sciences Inc /De/)

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Contribution Among Guarantors. The Guarantors desire ----------------------------- to allocate among themselves, in a fair and equitable manner, their rights of contribution from each other when any payment is made by one of the Guarantors under this Guaranty. Accordingly, if any payment is made by a Guarantor under this Guaranty (a "Funding Guarantor") that exceeds its Fair Share, the Funding Guarantor shall be entitled to a contribution from each other Guarantor in the amount of such other Guarantor's Fair Share Shortfall, so that all such contributions shall cause each Guarantor's Aggregate Payments to equal its Fair Share. For these purposes:

Appears in 1 contract

Samples: Subsidiary Guaranty (P Com Inc)

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Contribution Among Guarantors. The Guarantors desire to allocate among themselves, in a fair and equitable manner, their rights of contribution from each other when any payment is made by one of the Guarantors under this GuarantyAgreement. Accordingly, if any payment is made by a Guarantor under this Guaranty (a "Funding Guarantor") under this Agreement that exceeds its the Funding Guarantor's Fair Share, the Funding Guarantor shall be entitled to a contribution from each other Guarantor in the amount of such other Guarantor's Fair Share Shortfall, so that all such contributions shall cause each Guarantor's Aggregate Payments to equal its Fair Share. For these purposes:

Appears in 1 contract

Samples: Loan and Security Agreement (Oasis Residential Inc)

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