Common use of Reimbursement and Contribution Clause in Contracts

Reimbursement and Contribution. The Parent hereby agrees that, if a Contributing Subsidiary shall be called upon and required to pay amounts (or suffer the loss of its collateral pledged to secure amounts) in respect of the joint and several obligations of the Principal Subsidiaries under either of the Guaranties which exceed the aggregate benefit actually received by such Contributing Subsidiary (the "Paying Subsidiary") as the result of apportionment and distribution of the proceeds of the Credit Agreements, then such Paying Subsidiary shall be entitled to contribution and reimbursement from the Parent and the other Principal Subsidiaries, and the Parent shall pay and contribute, or shall cause one or more of the other Principal Subsidiaries to pay and contribute, to such Paying Subsidiary and reimburse it for an amount equal to the amount by which the amount such Paying Subsidiary is actually called upon to pay exceeds the aggregate benefit actually received by such Paying Subsidiary as the result of the apportionment and distribution of the proceeds of the Credit Agreements.

Appears in 2 contracts

Samples: Credit Agreement (Georgia Pacific Corp), Credit Agreement (Georgia Pacific Corp)

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Reimbursement and Contribution. The Parent hereby agrees that, if a ---------------------------------- Contributing Subsidiary shall be called upon and required to pay amounts (or suffer the loss of its collateral pledged to secure amounts) in respect of the joint and several obligations of the Principal Subsidiaries under either of the Guaranties Subsidiary Guaranty (18-Month Revolving Credit Facility) which exceed the aggregate benefit actually received by such Contributing Subsidiary (the "Paying Subsidiary") as ----------------- the result of apportionment and distribution of the proceeds of the Credit AgreementsAgreement, then such Paying Subsidiary shall be entitled to contribution and reimbursement from the Parent and the other Principal Subsidiaries, and the Parent shall pay and contribute, or shall cause one or more of the other Principal Subsidiaries to pay and contribute, to such Paying Subsidiary and reimburse it for an amount equal to the amount by which the amount such Paying Subsidiary is actually called upon to pay exceeds the aggregate benefit actually received by such Paying Subsidiary as the result of the apportionment and distribution of the proceeds of the Credit AgreementsAgreement.

Appears in 1 contract

Samples: Credit Agreement (Georgia Pacific Corp)

Reimbursement and Contribution. The Parent hereby agrees that, if a ------------------------------ Contributing Subsidiary shall be called upon and required to pay amounts (or suffer the loss of its collateral pledged to secure amounts) in respect of the joint and several obligations of the Principal Subsidiaries under either of the Guaranties Subsidiary Guaranty (Multi-Year Revolving Credit Facility) which exceed the aggregate benefit actually received by such Contributing Subsidiary (the "Paying Subsidiary") as the result of apportionment and distribution of the proceeds of the Credit AgreementsAgreement, then such Paying Subsidiary shall be entitled to contribution and reimbursement from the Parent and the other Principal Subsidiaries, and the Parent shall pay and contribute, or shall cause one or more of the other Principal Subsidiaries to pay and contribute, to such Paying Subsidiary and reimburse it for an amount equal to the amount by which the amount such Paying Subsidiary is actually called upon to pay exceeds the aggregate benefit actually received by such Paying Subsidiary as the result of the apportionment and distribution of the proceeds of the Credit AgreementsAgreement.

Appears in 1 contract

Samples: Credit Agreement (Georgia Pacific Corp)

Reimbursement and Contribution. The Parent hereby agrees that, if a Contributing Subsidiary shall be called upon and required to pay amounts (or suffer the loss of its collateral pledged to secure amounts) in respect of the joint and several obligations of the Principal Subsidiaries under either of the Guaranties Subsidiary Guaranty (Capital Markets Bridge Facility) which exceed the aggregate benefit actually received by such Contributing Subsidiary (the "Paying Subsidiary") as the result of apportionment and distribution of the proceeds of the Credit AgreementsAgreement, then such Paying Subsidiary shall be entitled to contribution and reimbursement from the Parent and the other Principal Subsidiaries, and the Parent shall pay and contribute, or shall cause one or more of the other Principal Subsidiaries to pay and contribute, to such Paying Subsidiary and reimburse it for an amount equal to the amount by which the amount such Paying Subsidiary is actually called upon to pay exceeds the aggregate benefit actually received by such Paying Subsidiary as the result of the apportionment and distribution of the proceeds of the Credit AgreementsAgreement.

Appears in 1 contract

Samples: Credit Agreement (Georgia Pacific Corp)

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Reimbursement and Contribution. The Parent hereby agrees that, if a Contributing Subsidiary shall be called upon and required to pay amounts (or suffer the loss of its collateral pledged to secure amounts) in respect of the joint and several obligations of the Principal Subsidiaries under either of the Guaranties Subsidiary Guaranty (Asset Disposition Bridge Facility) which exceed the aggregate benefit actually received by such Contributing Subsidiary (the "Paying Subsidiary") as the result of apportionment and distribution of the proceeds of the Credit AgreementsAgreement, then such Paying Subsidiary shall be entitled to contribution and reimbursement from the Parent and the other Principal Subsidiaries, and the Parent shall pay and contribute, or shall cause one or more of the other Principal Subsidiaries to pay and contribute, to such Paying Subsidiary and reimburse it for an amount equal to the amount by which the amount such Paying Subsidiary is actually called upon to pay exceeds the aggregate benefit actually received by such Paying Subsidiary as the result of the apportionment and distribution of the proceeds of the Credit AgreementsAgreement.

Appears in 1 contract

Samples: Credit Agreement (Georgia Pacific Corp)

Reimbursement and Contribution. The Parent Borrower hereby agrees that, if a Contributing Subsidiary shall be called upon and required to pay amounts (or suffer the loss of its collateral pledged to secure amounts) in respect of the joint and several obligations of the Principal Subsidiaries under either of the Guaranties Subsidiary Guaranty (Timber Disposition Bridge Facility) which exceed the aggregate benefit actually received by such Contributing Subsidiary (the "Paying Subsidiary") as the result of apportionment and distribution of the proceeds of the Credit AgreementsAgreement, then such Paying Subsidiary shall be entitled to contribution and reimbursement from the Parent Borrower and the other Principal such Subsidiaries, and the Parent Borrower shall pay and contribute, or shall cause one or more of the other Principal such Subsidiaries to pay and contribute, to such Paying Subsidiary and reimburse it for an amount equal to the amount by which the amount such Paying Subsidiary is actually called upon to pay exceeds the aggregate benefit actually received by such Paying Subsidiary as the result of the apportionment and distribution of the proceeds of the Credit AgreementsAgreement.

Appears in 1 contract

Samples: Credit Agreement (Georgia Pacific Corp)

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