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

Contribution with Respect to Guaranty Obligations. To the extent that any Issuer shall make a payment under this Section 9 of all or any of the Liabilities (other than Loans made directly to that Issuer) (a "Guarantor Payment") that exceeds the amount such Issuer would otherwise have paid if each Issuer had paid the aggregate Liabilities satisfied by such Guarantor Payment in the same proportion that such Issuer's "Allocable Amount" (as defined below) (as determined immediately prior to such Guarantor Payment) bore to the aggregate Allocable Amounts of each of the Issuers as determined immediately prior to the making of such Guarantor Payment, then, following indefeasible payment in full in cash of the Liabilities and termination of the Commitments) such Issuer shall be entitled to receive contribution and indemnification payments from, and be reimbursed by, each other Issuer for the amount of such excess, pro rata

Appears in 1 contract

Samples: Purchase Agreement (U S Realtel Inc)

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