Common use of Contribution from Other Guarantors Clause in Contracts

Contribution from Other Guarantors. Each Guarantor that makes a payment or distribution under its Guarantee shall be entitled to a contribution from each other Guarantor in a pro rata amount based on the net assets of each Guarantor, determined in accordance with GAAP, so long as the exercise of such right does not impair the rights of Holders of Notes under any Guarantee.

Appears in 2 contracts

Samples: Indenture (Westinghouse Air Brake Technologies Corp), Indenture (Pentacon Industrial Group Inc)

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Contribution from Other Guarantors. Each Guarantor that ---------------------------------- makes a payment or distribution under its Security Guarantee shall be entitled to a contribution from each other Guarantor in a pro rata amount based on the net assets of each Guarantor, determined in accordance with GAAP, so long as the exercise of such right does not impair the rights of Holders of Notes under any Guarantee.

Appears in 1 contract

Samples: Indenture (MTL Inc)

Contribution from Other Guarantors. Each Guarantor that makes a payment or distribution under its Guarantee shall be entitled to a contribution from each other Guarantor in a pro rata PRO RATA amount based on the net assets Adjusted Net Assets of each Guarantor, determined in accordance with GAAP, so long as the exercise of such right does not impair the rights of Holders of Notes under any Guarantee.

Appears in 1 contract

Samples: Indenture (Best Built Inc)

Contribution from Other Guarantors. Each Guarantor that makes a payment or distribution under its Guarantee shall be entitled to a seek contribution from each other non-paying Guarantor in a pro rata amount based on the net assets of each Guarantor, determined in accordance with GAAP, GAAP so long as the exercise of such right does not impair the rights of the Holders of Notes under any the Guarantee.

Appears in 1 contract

Samples: Supplemental Indenture (Dupont E I De Nemours & Co)

Contribution from Other Guarantors. Each Guarantor that makes a payment or distribution under its Security Guarantee shall be entitled to a contribution from each other Guarantor in a pro rata amount based on the net assets of each Guarantor, determined in accordance with GAAP, so long as the exercise of such right does not impair the rights of Holders of Notes under any Guarantee.

Appears in 1 contract

Samples: Indenture (Chemical Leaman Corp /Pa/)

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Contribution from Other Guarantors. Each Guarantor that makes a payment or distribution under its Guarantee shall be entitled to a contribution from each other Guarantor in a pro rata amount based on the net assets of each Guarantor, determined in accordance with GAAP, so long as the exercise of such right does not impair the rights of Holders holders of Notes under any Guarantee.

Appears in 1 contract

Samples: Indenture (Gillette Dairy of the Black Hills Inc)

Contribution from Other Guarantors. Each Guarantor that makes a payment or distribution under its Guarantee shall be entitled to a contribution from each other Guarantor in a pro rata amount based on the net assets of each Guarantor, determined in accordance with GAAP, so long as the exercise of such right does not impair the rights of Holders of Notes Securities under any Guarantee.. ARTICLE Thirteen

Appears in 1 contract

Samples: Indenture (Bki Asset Management Corp)

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