Common use of Right of Contribution in Favour of Others Clause in Contracts

Right of Contribution in Favour of Others. The Corporation hereby acknowledges and agrees that, with respect to paragraphs 1 and 2 of this Schedule “B”, the Underwriters are contracting on their own behalf and as agents for their affiliates and for their affiliates’ directors, officers, employees and agents (collectively, the “Beneficiaries”). In this regard the Underwriters shall act as trustees for the Beneficiaries of the Corporation’s covenants under paragraphs 1 and 2 of this Schedule “B” with respect to the Beneficiaries and accept these trusts and shall hold and enforce the covenants on behalf of the Beneficiaries. The Underwriters’ respective obligations to contribute pursuant to this Section 2 are several in proportion to the percentages set forth opposite their names in Section 24 of the Agreement and not joint.

Appears in 3 contracts

Samples: Underwriting Agreement (Algonquin Power & Utilities Corp.), Underwriting Agreement (Algonquin Power & Utilities Corp.), Underwriting Agreement (Algonquin Power & Utilities Corp.)

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Right of Contribution in Favour of Others. The Corporation hereby acknowledges and agrees that, with respect to paragraphs 1 and 2 of this Schedule "B", the Underwriters are contracting on their own behalf and as agents for their affiliates and for their affiliates' directors, officers, employees and agents (collectively, the "Beneficiaries"). In this regard the Underwriters shall act as trustees for the Beneficiaries of the Corporation’s 's covenants under paragraphs 1 and 2 of this Schedule "B" with respect to the Beneficiaries and accept these trusts and shall hold and enforce the covenants on behalf of the Beneficiaries. The Underwriters' respective obligations to contribute pursuant to this Section 2 are several in proportion to the percentages set forth opposite their names in Section 24 of the Agreement and not joint.

Appears in 1 contract

Samples: Underwriting Agreement (Algonquin Power & Utilities Corp.)

Right of Contribution in Favour of Others. The Corporation hereby acknowledges and agrees that, with respect to paragraphs 1 and 2 of this Schedule "B", the Underwriters are contracting on their own behalf and as agents for their affiliates and for their affiliates' directors, officers, employees and agents (collectively, the "Beneficiaries"). In this regard the Underwriters shall act as trustees for the Beneficiaries of the Corporation’s 's covenants under paragraphs 1 and 2 of this Schedule "B" with respect to the Beneficiaries and accept these trusts and shall hold and enforce the covenants on behalf of the Beneficiaries. The Underwriters' respective obligations to contribute pursuant to this Section 2 are several in proportion to the percentages set forth opposite their names in Section 24 16.1 of the Agreement and not joint.

Appears in 1 contract

Samples: Underwriting Agreement (Algonquin Power & Utilities Corp.)

Right of Contribution in Favour of Others. The Corporation hereby acknowledges and agrees that, with respect to paragraphs 1 and 2 of this Schedule “B”A, each of the Underwriters are contracting on their own behalf and as agents for their affiliates and for their affiliates, subsidiaries, directors, officers, employees employees, agents and agents control persons (collectively, the “Beneficiaries”). In this regard the Underwriters shall act as trustees for the Beneficiaries of the Corporation’s covenants under paragraphs 1 and 2 of this Schedule “B” A with respect to the Beneficiaries and accept these trusts and shall hold and enforce the covenants on behalf of the Beneficiaries. The Underwriters’ respective obligations to contribute pursuant to this Section 2 are several in proportion to the percentages set forth opposite their names in Section 24 of the Agreement and not joint.

Appears in 1 contract

Samples: Underwriting Agreement (Cae Inc)

Right of Contribution in Favour of Others. The Corporation hereby acknowledges and agrees that, with respect to paragraphs 1 and 2 of this Schedule “B”, the Underwriters are contracting on their own behalf and as agents for their affiliates and for their affiliates’ directors, officers, employees and agents (collectively, the “Beneficiaries”). In this regard the Underwriters shall act as trustees for the Beneficiaries of the Corporation’s covenants under paragraphs 1 and 2 of this Schedule “B” with respect to the Beneficiaries and accept these trusts and shall hold and enforce the covenants on behalf of the Beneficiaries. The Underwriters’ respective obligations to contribute pursuant to this Section paragraph 2 are several in proportion to the percentages set forth opposite their names in Section paragraph 24 of the Agreement and not joint.

Appears in 1 contract

Samples: Underwriting Agreement (Algonquin Power & Utilities Corp.)

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Right of Contribution in Favour of Others. The Corporation Trust hereby acknowledges and agrees that, with respect to paragraphs 1 10 and 2 of this Schedule “B”11 hereof, the Underwriters are contracting on their own behalf and as agents for their affiliates and for their affiliates’ directors, officers, employees and agents (collectively, the “Beneficiaries”). In this regard the Underwriters shall act as trustees for the Beneficiaries of the CorporationTrust’s covenants under paragraphs 1 10 and 2 of this Schedule “B” 11 hereof with respect to the Beneficiaries and accept these trusts and shall hold and enforce the covenants on behalf of the Beneficiaries. The Underwriters’ respective obligations to contribute pursuant to this Section 2 paragraph 11 are several in proportion to the percentages set forth opposite their names in Section 24 of the Agreement paragraph 19 hereof and not joint.

Appears in 1 contract

Samples: Underwriting Agreement (Central GoldTrust)

Right of Contribution in Favour of Others. The Corporation hereby acknowledges and agrees that, with respect to paragraphs 1 and 2 of this Schedule “BA”, the Underwriters are contracting on their own behalf and as agents for their affiliates and for their affiliates’ directors, officers, employees and agents (collectively, the “Beneficiaries”). In this regard the Underwriters shall act as trustees for the Beneficiaries of the Corporation’s covenants under paragraphs 1 and 2 of this Schedule “BA” with respect to the Beneficiaries and accept these trusts and shall hold and enforce the covenants on behalf of the Beneficiaries. The Underwriters’ respective obligations to contribute pursuant to this Section paragraph 2 are several in proportion to the percentages set forth opposite their names in Section paragraph 24 of the Agreement and not joint.

Appears in 1 contract

Samples: Underwriting Agreement (Algonquin Power & Utilities Corp.)

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