Common use of Contribution with Respect to Guaranty Obligations Clause in Contracts

Contribution with Respect to Guaranty Obligations. To the extent that any Borrower shall make a payment under this Section 12 of all or any of the Liabilities (other than Loans made directly to that Borrower), then, following indefeasible payment in full in cash of the Liabilities such Borrower shall be entitled to receive contribution and indemnification payments from, and be reimbursed by, each other Borrower in such amounts as the Borrowers shall mutually agree. This Section

Appears in 2 contracts

Samples: Loan and Security Agreement, Loan and Security Agreement

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