Common use of Judgment Sharing Clause in Contracts

Judgment Sharing. Notwithstanding any other provision in the other Sharing Agreements, in the event one or more Signatories litigates one or more of the actions in the Interchange Litigation to a Final Judgment (as defined in Paragraph 5 below) and that Final Judgment results in a Monetary Award (as defined in Paragraph 5 below), the Signatories agree that each Signatory’s payment obligation with respect to such Monetary Award (as to each Signatory, its “Judgment-Sharing Payment Obligation”) shall be as follows:

Appears in 3 contracts

Samples: Omnibus Agreement (Visa Inc.), Omnibus Agreement (Mastercard Inc), Omnibus Agreement (Mastercard Inc)

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Judgment Sharing. Notwithstanding any other provision in the other Sharing Agreements, in the event one or more Signatories litigates one or more of the actions in the Interchange Litigation to a Final Judgment (as defined in Paragraph 5 below) and that Final Judgment results in a Monetary Award (as defined in Paragraph 5 below), the Signatories agree that each Signatory’s 's payment obligation with respect to such Monetary Award (as to each Signatory, its “Judgment-Sharing Payment Obligation”) shall be as follows:

Appears in 1 contract

Samples: Omnibus Agreement (Mastercard Inc)

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