Common use of Equitable Allocation Clause in Contracts

Equitable Allocation. If as a result of any reorganization, recapitalization or other corporate change in the Borrower or any of its Subsidiaries, or as a result of any amendment, waiver or modification of the terms and conditions governing the Guaranty Agreement or any of the Guaranteed Obligations, or for any other reason, the contributions under this Contribution Agreement become inequitable, the parties hereto shall promptly modify and amend this Contribution Agreement to provide for an equitable allocation of contributions. All such modifications and amendments shall be in writing and signed by all parties hereto.

Appears in 2 contracts

Samples: Senior Secured Revolving Credit Agreement (Able Telcom Holding Corp), Revolving Credit Agreement (Planet Hollywood International Inc)

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