Common use of Contribution by Equal Shares Clause in Contracts

Contribution by Equal Shares. If all of the other insurance or coverage provides for contribution by equal shares, the Fund will not pay for a greater proportion of the loss than its equal share until the share of the other insurance or coverage or the Fund Member’s limits equals the lowest applicable limit of liability under any of the coverage, or the full amount of the loss is paid. Any remaining amount of loss will be paid by any remaining Fund Member’s limit of liability, until exhaustion, by continuing to contribute equal shares to the remaining amount of loss.

Contribution by Equal Shares. If all of the other insurance or coverage provides for contribution by equal shares, the Fund will not pay for a greater proportion of the claim or loss than its equal share until the share of the other insurance or coverage or the Fund Member’s limits equals the lowest applicable limit of liability under any of the coverage, or the full amount of the claim loss is paid. Any remaining amount of the claim or loss will be paid by any remaining Fund Member’s limit of liability, until exhaustion, by continuing to contribute equal shares to the remaining amount of the claim or loss.