Common use of Contribution Amounts Clause in Contracts

Contribution Amounts. The Company and the Electing Holders agree that it would not be just or equitable if contribution pursuant to Section 5(d) were determined by pro rata allocation (even if the Electing Holders were treated as one entity for such purpose) or by any other method of allocation that does not take account of the equitable considerations referred to in Section 5(d). The amount paid or payable by an indemnified party as a result of the losses, claims, damages and liabilities referred to in Section 5(d) shall be deemed to include, subject to the limitations set forth above, any legal or other expenses reasonably incurred by such indemnified party in connection with investigating or defending any such action or claim. Notwithstanding the provisions of this Section 5, no Electing Holder shall be required to contribute any amount in excess of the amount by which the total price at which Registrable Securities sold by such Electing Holder exceeds the amount of any damages that such Electing Holder has otherwise been required to pay by reason of such untrue or alleged untrue statement or omission or alleged omission. No person guilty of fraudulent misrepresentation (within the meaning of Section 11(f) of the Securities Act) shall be entitled to contribution from any person who was not guilty of such fraudulent misrepresentation.

Appears in 10 contracts

Samples: Registration Rights Agreement (Privatebancorp, Inc), Registration Rights Agreement (Boston Private Financial Holdings Inc), Registration Rights Agreement (Merix Corp)

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Contribution Amounts. The Company Sellers and the Electing Holders Underwriters agree that it would not be just or equitable if contribution pursuant to this Section 5(d) 8 were determined by pro rata allocation (even if the Electing Holders Underwriters were treated as one entity for such purpose) or by any other method of allocation that does not take account of the equitable considerations referred to in Section 5(d)8.8. The amount paid or payable by an indemnified party as a result of the losses, claims, damages and liabilities referred to in Section 5(d) the immediately preceding paragraph shall be deemed to include, subject to the limitations set forth above, any legal or other expenses reasonably incurred by such indemnified party in connection with investigating or defending any such action or claim. Notwithstanding the provisions of this Section 58, no Electing Holder Underwriter shall be required to contribute any amount in excess of the amount by which the total price at which Registrable Securities sold the Shares underwritten by such Electing Holder it and distributed to the public were offered to the public exceeds the amount of any damages that such Electing Holder Underwriter has otherwise been required to pay by reason of such untrue or alleged untrue statement or omission or alleged omission. No person guilty of fraudulent misrepresentation (within the meaning of Section 11(f) of the Securities Act) shall be entitled to contribution from any person who was not guilty of such fraudulent misrepresentation. The remedies provided for in this Section 8 are not exclusive and shall not limit any rights or remedies which may otherwise be available to any indemnified party at law or in equity.

Appears in 5 contracts

Samples: Underwriting Agreement (Vocus, Inc.), Underwriting Agreement (Crocs, Inc.), Underwriting Agreement (Crocs, Inc.)

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Contribution Amounts. The Company Sellers and the Electing Holders Underwriters agree that it would not be just or equitable if contribution pursuant to this Section 5(d) 8 were determined by pro rata allocation (even if the Electing Holders Underwriters were treated as one entity for such purpose) or by any other method of allocation that does not take account of the equitable considerations referred to in Section 5(d)8.7. The amount paid or payable by an indemnified party as a result of the losses, claims, damages and liabilities referred to in Section 5(d) the immediately preceding paragraph shall be deemed to include, subject to the limitations set forth above, any legal or other expenses reasonably incurred by such indemnified party in connection with investigating or defending any such action or claim. Notwithstanding the provisions of this Section 58, no Electing Holder Underwriter shall be required to contribute any amount in excess of the amount by which the total price at which Registrable Securities sold the Shares underwritten by such Electing Holder it and distributed to the public were offered to the public exceeds the amount of any damages that such Electing Holder Underwriter has otherwise been required to pay by reason of such untrue or alleged untrue statement or omission or alleged omission. No person guilty of fraudulent misrepresentation (within the meaning of Section 11(f) of the Securities Act) shall be entitled to contribution from any person who was not guilty of such fraudulent misrepresentation. The remedies provided for in this Section 8 are not exclusive and shall not limit any rights or remedies which may otherwise be available to any indemnified party at law or in equity.

Appears in 3 contracts

Samples: Underwriting Agreement (Vocus, Inc.), Underwriting Agreement (Corcept Therapeutics Inc), Underwriting Agreement (Emerge Interactive Inc)

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