Contribution and Subrogation. Each Guarantor (a “Contributing Guarantor”) agrees (subject to Section 6.03) that, in the event a payment shall be made by any other Guarantor hereunder in respect of any Obligation (the “Claiming Guarantor”) shall not have been fully indemnified by the Indemnifying Loan Party as provided in Section 6.01, the Contributing Guarantor shall indemnify the Claiming Guarantor in an amount equal to the amount of such payment, in each case multiplied by a fraction of which the numerator shall be the net worth of such Contributing Guarantor on the date of such payment and the denominator shall be the aggregate net worth of all the Guarantors on the date of such payment. Any Contributing Guarantor making any payment to a Claiming Guarantor pursuant to this Section 6.02 shall be subrogated to the rights of such Claiming Guarantor under Section 6.01 to the extent of such payment.
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Samples: Revolving Credit Agreement (Frank's International N.V.), 364 Day Revolving Credit Agreement (Frank's International N.V.)
Contribution and Subrogation. Each Guarantor (a “Contributing Guarantor”) agrees (subject to Section 6.034.3) that, in the event a payment shall be made by any other Guarantor hereunder in respect of any Obligation under this Agreement and such other Guarantor (the “Claiming Guarantor”) shall not have been fully indemnified by the Indemnifying Loan Party Borrowers, as provided in Section 6.014.1, the such Contributing Guarantor shall indemnify the Claiming Guarantor in an amount equal to the amount of such paymentpayment by the Claiming Guarantor, in each case multiplied by a fraction of which the numerator shall be the net worth of such Contributing Guarantor on the date of such payment it became a party hereto and the denominator shall be the aggregate net worth of all the Guarantors on the date of such paymentdate. Any Contributing Guarantor making any payment to a Claiming Guarantor pursuant to this Section 6.02 4.2 shall be subrogated to the rights of such Claiming Guarantor under Section 6.01 4.1 to the extent of such payment.
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Samples: Credit Agreement (Cgi Group Inc), Credit Agreement (Cgi Group Inc)
Contribution and Subrogation. Each Guarantor (a “Contributing Guarantor”) agrees (subject to Section 6.033.03) that, in the event a payment shall be made by any other Guarantor hereunder in respect of any Obligation Obligation, and such other Guarantor (the “Claiming Guarantor”) shall not have been fully indemnified by the Indemnifying Loan Party as provided in Section 6.01Borrower, the Contributing Guarantor shall indemnify the Claiming Guarantor in an amount equal to the amount of such payment, in each case payment multiplied by a fraction of which the numerator shall be the net worth of such the Contributing Guarantor on the date of such payment hereof and the denominator shall be the aggregate net worth of all the Guarantors on the date hereof (or, in the case of any Guarantor becoming a party hereto pursuant to Section 7.16, the date of the supplement hereto executed and delivered by such paymentGuarantor). Any Contributing Guarantor making any payment to a Claiming Guarantor pursuant to this Section 6.02 3.02 shall be subrogated to the rights of such Claiming Guarantor under Section 6.01 3.01 to the extent of such payment.
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Contribution and Subrogation. Each Guarantor (a “"Contributing Guarantor”") agrees (subject to Section 6.033) that, in the event a payment shall be made by any other Guarantor hereunder in respect of any Obligation under the Guarantee Agreement, and such other Guarantor (the “"Claiming Guarantor”") shall not have been fully indemnified by the Indemnifying Loan Party Borrower as provided in Section 6.011, the Contributing Guarantor shall indemnify the Claiming Guarantor in an amount equal to the amount of such payment, as the case may be, in each case multiplied by a fraction of which the numerator shall be the net worth of such the Contributing Guarantor on the date of such payment hereof and the denominator shall be the aggregate net worth of all the Guarantors on the date hereof (or, in the case of any Guarantor becoming a party hereto pursuant to Section 12, the date of the Supplement hereto executed and delivered by such paymentGuarantor). Any Contributing Guarantor making any payment to a Claiming Guarantor pursuant to this Section 6.02 2 shall be subrogated to the rights of such Claiming Guarantor under Section 6.01 1 to the extent of such payment.
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Samples: Credit Agreement (Harland John H Co)
Contribution and Subrogation. Each Guarantor (a “"Contributing Guarantor”") agrees (subject to Section 6.0317.2) that, in the event a payment shall be made by any other Guarantor hereunder in respect of any Obligation under this Guaranty (the “"Claiming Guarantor”) shall not have been fully indemnified by the Indemnifying Loan Party as provided in Section 6.01"), the Contributing Guarantor shall indemnify the Claiming Guarantor in an amount equal to the amount of such payment, payment in each case multiplied by a fraction of which the numerator shall be the net worth of such the Contributing Guarantor on the date of such payment hereof and the denominator shall be the aggregate net worth of all the Guarantors on the date hereof (or, in the case of any Guarantor becoming a party hereto pursuant to Section 18, the date of the Supplement hereto executed and delivered by such paymentGuarantor). Any Contributing Guarantor making any payment to a Claiming Guarantor pursuant to this Section 6.02 17.1 shall be subrogated to the rights of such Claiming Guarantor under Section 6.01 to the extent of such paymentGuarantor.
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Samples: u.s. Revolving Credit Agreement (Ems Technologies Inc)
Contribution and Subrogation. Each Guarantor (a “"Contributing Guarantor”") agrees (subject to Section 6.034.2) that, in the event a payment shall be made by any other Guarantor hereunder in respect under Section 4 of any Obligation this Loan Agreement (the “"Claiming Guarantor”") shall not have been fully indemnified by the Indemnifying Loan Party Borrower as provided in Section 6.014.6, the Contributing Guarantor shall indemnify the Claiming Guarantor in an amount equal to the amount of such payment, in each case payment multiplied by a fraction of which the numerator shall be the net worth of such the Contributing Guarantor on the date of such payment hereof and the denominator shall be the aggregate net worth of all the Guarantors on the date hereof (or, in the case of any Guarantor becoming a party hereto pursuant to Section 7.10, the date of the Joinder Agreement executed and delivered by such paymentGuarantor). Any Contributing Guarantor making any payment to a Claiming Guarantor pursuant to this Section 6.02 4.7 shall be subrogated to the rights of such Claiming Guarantor under Section 6.01 4.6 to the extent of such payment.
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Contribution and Subrogation. Each Guarantor (a “"Contributing Guarantor”") agrees (subject to Section 6.034.3) that, in the event a payment shall be made by any other Guarantor hereunder in respect of any Obligation under this Agreement and such other Guarantor (the “"Claiming Guarantor”") shall not have been fully indemnified by the Indemnifying Loan Party Borrowers, as provided in Section 6.014.1, the such Contributing Guarantor shall indemnify the Claiming Guarantor in an amount equal to the amount of such paymentpayment by the Claiming Guarantor, in each case multiplied by a fraction of which the numerator shall be the net worth of such Contributing Guarantor on the date of such payment it became a party hereto and the denominator shall be the aggregate net worth of all the Guarantors on the date of such paymentdate. Any Contributing Guarantor making any payment to a Claiming Guarantor pursuant to this Section 6.02 4.2 shall be subrogated to the rights of such Claiming Guarantor under Section 6.01 4.1 to the extent of such payment.
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Contribution and Subrogation. Each Guarantor (a “Contributing Guarantor”) agrees (subject to Section 6.0318.8) that, in the event a payment shall be made by any other Guarantor hereunder in respect of under any Obligation Note Guarantee and such other Guarantor (the “Claiming Guarantor”) shall not have been fully indemnified by the Indemnifying Loan Party Company as provided in Section 6.0118.6, the Contributing Guarantor shall indemnify the Claiming Guarantor in an amount equal to the amount of such payment, in each case payment multiplied by a fraction fraction, the numerator of which the numerator shall be the net worth of such the Contributing Guarantor on the date of such payment hereof and the denominator of which shall be the aggregate net worth of all the Guarantors on the date hereof (or, in the case of any Guarantor becoming a party hereto pursuant to Section 5.19, the date of execution and delivery by such paymentGuarantor of a supplemental indenture). Any Contributing Guarantor making any payment to a Claiming Guarantor pursuant to this Section 6.02 18.7 shall be subrogated to the rights of such Claiming Guarantor under Section 6.01 18.6 to the extent of such payment.
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Samples: Indenture (Electroglas Inc)
Contribution and Subrogation. Each Guarantor (a “Contributing Guarantor”) agrees (subject to Section 6.03) that, in the event a payment shall be made by any other Guarantor hereunder in respect on account of any Obligation its guarantee under this Agreement and such other Guarantor (the “Claiming Guarantor”) shall not have been fully indemnified by the Indemnifying Loan Party Borrower as provided in Section 6.01, the Contributing Guarantor shall indemnify the Claiming Guarantor in an amount equal to the amount of such payment, in each case payment multiplied by a fraction of which the numerator shall be the net worth of such the Contributing Guarantor on the date of such payment hereof and the denominator shall be the aggregate net worth of all the Guarantors on the date hereof (or, in the case of any Guarantor becoming a party hereto pursuant to Section 7.16, the date of the supplement hereto executed and delivered by such paymentGuarantor). Any Contributing Guarantor making any payment to a Claiming Guarantor pursuant to this Section 6.02 shall be subrogated to the rights of such Claiming Guarantor under Section 6.01 to the extent of such payment.
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Samples: Guarantee Agreement
Contribution and Subrogation. Each Guarantor (a “Contributing Guarantor”) agrees (subject to Section 6.034.2) that, in the event a payment shall be made by any other Guarantor hereunder in respect under Section 4 of any Obligation this Loan Agreement (the “Claiming Guarantor”) shall not have been fully indemnified by the Indemnifying Loan Party Borrower as provided in Section 6.014.6, the Contributing Guarantor shall indemnify the Claiming Guarantor in an amount equal to the amount of such payment, in each case payment multiplied by a fraction of which the numerator shall be the net worth of such the Contributing Guarantor on the date of such payment hereof and the denominator shall be the aggregate net worth of all the Guarantors on the date hereof (or, in the case of any Guarantor becoming a party hereto pursuant to Section 7.10, the date of the Joinder Agreement executed and delivered by such paymentGuarantor). Any Contributing Guarantor making any payment to a Claiming Guarantor pursuant to this Section 6.02 4.7 shall be subrogated to the rights of such Claiming Guarantor under Section 6.01 4.6 to the extent of such payment.
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Contribution and Subrogation. Each Guarantor (a “"Contributing Guarantor”") agrees (subject to Section 6.03) that, in the event a payment shall be made by any other Guarantor hereunder in respect of any Obligation and such other Guarantor (the “"Claiming Guarantor”") shall not have been fully indemnified by the Indemnifying Loan Party Borrower as provided in Section 6.01, the Contributing Guarantor shall indemnify the Claiming Guarantor in an amount equal to the amount of such payment, in each case payment multiplied by a fraction of which the numerator shall be the net worth of such the Contributing Guarantor on the date of such payment hereof and the denominator shall be the aggregate net worth of all the both Guarantors on the date of such paymenthereof. Any Contributing Guarantor making any payment to a Claiming Guarantor pursuant to this Section 6.02 shall be subrogated to the rights of such Claiming Guarantor under Section 6.01 to the extent of such payment.
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