Related Guaranties. Each Borrower under this Section 2.24 and any other guaranties, if any, relating to the Agreement (the "Related Guaranties") that contain a contribution provision similar to that set forth in this Section 2.24, together desire to allocate among themselves (collectively, the "Contributing Guarantors"), in a fair and equitable manner, their obligations arising under this Section 2.24 and the Related Guaranties. Accordingly, in the event any payment or distribution is made on any date by any Borrower under this Section 2.24 or a guarantor under a Related Guaranty, each such Borrower or such guarantor shall be entitled to a contribution from each of the other Contributing Guarantors in the maximum amount permitted by law so as to maximize the aggregate amount of the Obligations paid to the Administrative Agent and the Lenders.
Appears in 2 contracts
Samples: Term Loan Agreement (Maxxam Inc), Revolving Credit Agreement (Maxxam Inc)
Related Guaranties. Each Borrower under this Section 2.24 1.5 and each guarantor under the Subsidiary Guaranty and any other guaranties, if any, relating to the Credit Agreement (the "“Related Guaranties"”) that contain a contribution provision similar to that set forth in this Section 2.241.5, together desire to allocate among themselves (collectively, the "“Contributing Guarantors"”), in a fair and equitable manner, their obligations arising under this Section 2.24 1.5 and the Related Guaranties. Accordingly, in the event any payment or distribution is made on any date by any Borrower under this Section 2.24 1.5 or a guarantor under a Related Guaranty, each such Borrower or such guarantor shall be entitled to a contribution from each of the other Contributing Guarantors in the maximum amount permitted by law so as to maximize the aggregate amount of the Obligations paid to the Administrative Agent and the Lenders.
Appears in 2 contracts
Samples: Credit Agreement (Levi Strauss & Co), Credit Agreement (Levi Strauss & Co)
Related Guaranties. Each Borrower under this Section 2.24 2.25 and any other guaranties, if any, relating to the this Agreement (the "Related GuarantiesRELATED GUARANTIES") that contain a contribution provision similar to that set forth in this Section 2.242.25, together desire to allocate among themselves (collectively, the "Contributing GuarantorsCONTRIBUTING GUARANTORS"), in a fair and equitable manner, their obligations arising under this Section 2.24 2.25 and the Related Guaranties. Accordingly, in the event any payment or distribution is made on any date by any Borrower under this Section 2.24 2.25 or a guarantor under a Related Guaranty, each such Borrower or such guarantor shall be entitled to a contribution from each of the other Contributing Guarantors in the maximum amount permitted by law so as to maximize the aggregate amount of the Obligations paid to the Administrative Agent and the Lenders.
Appears in 2 contracts
Samples: Credit Agreement (Corel Corp), Credit Agreement (Corel Corp)
Related Guaranties. Each Borrower under this Section 2.24 SECTION 1.5 and each guarantor under the Subsidiary Guaranty and any other guaranties, if any, relating to the Credit Agreement (the "Related GuarantiesRELATED GUARANTIES") that contain a contribution provision similar to that set forth in this Section 2.24SECTION 1.5, together desire to allocate among themselves (collectively, the "Contributing GuarantorsCONTRIBUTING GUARANTORS"), in a fair and equitable manner, their obligations arising under this Section 2.24 SECTION 1.5 and the Related Guaranties. Accordingly, in the event any payment or distribution is made on any date by any Borrower under this Section 2.24 SECTION 1.5 or a guarantor under a Related Guaranty, each such Borrower or such guarantor shall be entitled to a contribution from each of the other Contributing Guarantors in the maximum amount permitted by law so as to maximize the aggregate amount of the Obligations paid to the Administrative Agent and the Lenders.
Appears in 1 contract
Samples: Credit Agreement (Levi Strauss & Co)
Related Guaranties. Each Borrower under this Section 2.24 and any other guaranties, if any, relating to the Agreement (the "“Related Guaranties"”) that contain a contribution provision similar to that set forth in this Section 2.24, together desire to allocate among themselves (collectively, the "“Contributing Guarantors"”), in a fair and equitable manner, their obligations arising under this Section 2.24 and the Related Guaranties. Accordingly, in the event any payment or distribution is made on any date by any Borrower under this Section 2.24 or a guarantor under a Related Guaranty, each such Borrower or such guarantor shall be entitled to a contribution from each of the other Contributing Guarantors in the maximum amount permitted by law so as to maximize the aggregate amount of the Obligations paid to the Administrative Agent and the Lenders.
Appears in 1 contract
Samples: Term Loan Agreement (Maxxam Inc)
Related Guaranties. Each Borrower under this Section 2.24 1.6 and any other guaranties, if any, relating to the Credit Agreement (the "Related Guaranties") that contain a contribution provision similar to that set forth in this Section 2.241.6, together desire to allocate among themselves (collectively, the "Contributing Guarantors"), in a fair and equitable manner, their obligations arising under this Section 2.24 1.6 and the Related Guaranties. Accordingly, in the event any payment or distribution is made on any date by any Borrower under this Section 2.24 1.6 or a guarantor under a Related Guaranty, each such Borrower or such guarantor shall be entitled to a contribution from each of the other Contributing Guarantors in the maximum amount permitted by law so as to maximize the aggregate amount of the Obligations paid to the Administrative Agent and the Lenders.
Appears in 1 contract
Samples: Credit Agreement (Maxxam Inc)
Related Guaranties. Each Borrower under this Section 2.24 2.25 and any other guaranties, if any, relating to the Agreement (the "Related Guaranties") that contain a contribution provision similar to that set forth in this Section 2.242.25, together desire to allocate among themselves (collectively, the "Contributing Guarantors"), in a fair and equitable manner, their obligations arising under this Section 2.24 2.25 and the Related Guaranties. Accordingly, in the event any payment or distribution is made on any date by any Borrower under this Section 2.24 2.25 or a guarantor under a Related Guaranty, each such Borrower or such guarantor shall be entitled to a contribution from each of the other Contributing Guarantors in the maximum amount permitted by law so as to maximize the aggregate amount of the Obligations paid to the Administrative Collateral Agent and the Lenders.
Appears in 1 contract
Related Guaranties. Each Borrower under this Section 2.24 2.25 and any other guaranties, if any, relating to the Agreement (the "“Related Guaranties"”) that contain a contribution provision similar to that set forth in this Section 2.242.25, together desire to allocate among themselves (collectively, the "“Contributing Guarantors"”), in a fair and equitable manner, their obligations arising under this Section 2.24 2.25 and the Related Guaranties. Accordingly, in the event any payment or distribution is made on any date by any Borrower under this Section 2.24 2.25 or a guarantor under a Related Guaranty, each such Borrower or such guarantor shall be entitled to a contribution from each of the other Contributing Guarantors in the maximum amount permitted by law so as to maximize the aggregate amount of the Obligations paid to the Administrative Agent and the Lenders.
Appears in 1 contract