Common use of Right of Contribution Clause in Contracts

Right of Contribution. Each Guarantor hereby agrees that to the extent that a Guarantor shall have paid more than its proportionate share (based, to the maximum extent permitted by law, on the respective Adjusted Net Worths of the Guarantors on the date the respective payment is made) of any payment made hereunder, such Guarantor shall be entitled to seek and receive contribution from and against any other Guarantor hereunder that has not paid its proportionate share of such payment. Each Guarantor’s right of contribution shall be subject to the terms and conditions of subsection 2.3. The provisions of this subsection 2.2 shall in no respect limit the obligations and liabilities of any Guarantor to the Administrative Agent and the other Secured Parties, and each Guarantor shall remain liable to the Administrative Agent and the other Secured Parties for the full amount guaranteed by such Guarantor hereunder.

Appears in 24 contracts

Samples: Guarantee and Collateral Agreement (Us LBM Holdings, Inc.), Financing Statement Follow Instructions (Us LBM Holdings, Inc.), Intercreditor Agreement (Us LBM Holdings, Inc.)

AutoNDA by SimpleDocs

Right of Contribution. Each Guarantor hereby agrees that to the extent that a Guarantor shall have paid more than its proportionate share (based, to the maximum extent permitted by law, on the respective Adjusted Net Worths of the Guarantors on the date the respective payment is made) of any payment made hereunder, such Guarantor shall be entitled to seek and receive contribution from and against any other Guarantor hereunder that has not paid its proportionate share of such payment. Each Guarantor’s right of contribution shall be subject to the terms and conditions of subsection Subsection 2.3. The provisions of this subsection Subsection 2.2 shall in no respect limit the obligations and liabilities of any Guarantor to the Administrative Agent and the other Secured Parties, and each Guarantor shall remain liable to the Administrative Agent and the other Secured Parties for the full amount guaranteed by such Guarantor hereunder.

Appears in 21 contracts

Samples: Guarantee and Collateral Agreement (Atkore Inc.), Canadian Guarantee and Collateral Agreement (Atkore Inc.), Guarantee and Collateral Agreement

Right of Contribution. Each Guarantor hereby agrees that to the extent that a Guarantor shall have paid more than its proportionate share (based, to the maximum extent permitted by law, on the respective Adjusted Net Worths Worth of the Guarantors on the date the respective payment is made) of any payment made hereunder, such Guarantor shall be entitled to seek and receive contribution from and against any other Guarantor hereunder that has not paid its proportionate share of such payment. Each Guarantor’s right of contribution shall be subject to the terms and conditions of subsection Subsection 2.3. The provisions of this subsection Subsection 2.2 shall in no respect limit the obligations and liabilities of any Guarantor to the Administrative Agent and the other Secured Parties, and each Guarantor shall remain liable to the Administrative Agent and the other Secured Parties for the full amount guaranteed by such Guarantor hereunder.

Appears in 12 contracts

Samples: Guarantee and Collateral Agreement (Univar Solutions Inc.), Guarantee and Collateral Agreement (Univar Solutions Inc.), Term Loan Guarantee and Collateral Agreement (Univar Solutions Inc.)

Right of Contribution. Each Guarantor hereby agrees that to the extent that a Guarantor shall have paid more than its proportionate share (based, to the maximum extent permitted by law, on the respective Adjusted Net Worths of the Guarantors on the date the respective payment is made) of any payment made hereunder, such Guarantor shall be entitled to seek and receive contribution from and against any other Guarantor hereunder that has not paid its proportionate share of such payment. Each Guarantor’s right of contribution shall be subject to the terms and conditions of subsection Section 2.3. The provisions of this subsection Section 2.2 shall in no respect limit the obligations and liabilities of any Guarantor to the Administrative Agent and the other Secured Parties, and each Guarantor shall remain liable to the Administrative Agent and the other Secured Parties for the full amount guaranteed by such Guarantor hereunder.

Appears in 8 contracts

Samples: Credit Agreement (Hertz Corp), Assumption Agreement, Guarantee and Collateral Agreement (Hertz Global Holdings, Inc)

Right of Contribution. Each Guarantor hereby agrees that to the extent that a Guarantor shall have paid more than its proportionate share (based, to the maximum extent permitted by law, on the respective Adjusted Net Worths of the Guarantors on the date the respective payment is made) of any payment made hereunder, such Guarantor shall be entitled to seek and receive contribution from and against any other Guarantor hereunder that which has not paid its proportionate share of such payment. For purposes of this Section 2.02, “proportionate share” means, as to any Guarantor, a fraction the numerator of which shall be the net worth of such Guarantor and the denominator of which shall be the aggregate net worth of all Guarantors. Each Guarantor’s right of contribution shall be subject to the terms and conditions of subsection 2.3Section 2.03. The provisions of this subsection 2.2 Section 2.02 shall in no respect limit the obligations and liabilities of any Guarantor to the Administrative Agent and the other Secured PartiesLenders, and each Guarantor shall remain liable to the Administrative Agent and the other Secured Parties Lenders for the full amount guaranteed by such Guarantor hereunder.

Appears in 7 contracts

Samples: Term Loan Credit Agreement (NBCUniversal Media, LLC), Guarantee Agreement, Guarantee Agreement

Right of Contribution. Each Guarantor hereby agrees that to the extent that a Guarantor shall have paid more than its proportionate share (based, to the maximum extent permitted by law, on the respective Adjusted Net Worths Worth of the Guarantors each Guarantor on the date the respective payment is made) of any payment made hereunder, such Guarantor shall be entitled to seek and receive contribution from and against any other Guarantor hereunder that has not paid its proportionate share of such payment. Each Guarantor’s right of contribution shall be subject to the terms and conditions of subsection Subsection 2.3. The provisions of this subsection Subsection 2.2 shall in no respect limit the obligations and liabilities of any Guarantor to the Administrative Agent and the other Secured Parties, and each Guarantor shall remain liable to the Administrative Agent and the other Secured Parties for the full amount guaranteed by such Guarantor hereunder.

Appears in 6 contracts

Samples: Guarantee and Collateral Agreement (Cornerstone Building Brands, Inc.), Cash Flow Guarantee and Collateral Agreement (Nci Building Systems Inc), Assumption Agreement (Nci Building Systems Inc)

Right of Contribution. Each Guarantor hereby agrees that to the extent that a Guarantor shall have paid more than its proportionate share (based, to the maximum extent permitted by law, on the respective Adjusted Net Worths of the Guarantors on the date the respective payment is made) of any payment made hereunder, such Guarantor shall be entitled to seek and receive contribution from and against any other Guarantor hereunder that which has not paid its proportionate share of such payment. For purposes of this Section 2.2, “proportionate share” means, as to any Guarantor a fraction the numerator of which shall be the net worth of such Guarantor and the denominator of which shall be the aggregate net worth of all Guarantors. Each Guarantor’s right of contribution shall be subject to the terms and conditions of subsection Section 2.3. The provisions of this subsection Section 2.2 shall in no respect limit the obligations and liabilities of any Guarantor to the Administrative Agent and the other Secured PartiesLenders, and each Guarantor shall remain liable to the Administrative Agent and the other Secured Parties Lenders for the full amount guaranteed by such Guarantor hereunder.

Appears in 5 contracts

Samples: Guarantee Agreement, Credit Agreement (NBCUniversal Media, LLC), Credit Agreement (Comcast Corp)

Right of Contribution. Each Guarantor hereby agrees that to the extent that a Guarantor shall have paid more than its proportionate share (based, to the maximum extent permitted by law, on the respective Adjusted Net Worths of the Guarantors on the date the respective payment is made) of any payment payments made hereunderhereunder and under the Credit Agreement (including by way of set-off rights being exercised against it), such Guarantor shall be entitled to seek and receive contribution from and against any other Guarantor hereunder that and the Borrower under the Credit Agreement who has not paid its proportionate share of such paymentpayments. Each Guarantor’s right of contribution shall be subject to the terms and conditions of subsection 2.3Section 6 hereof. The provisions of this subsection 2.2 Section 4 shall in no respect limit the obligations and liabilities of any Guarantor to the Administrative Collateral Agent and the other Secured Parties, and each Guarantor shall remain liable to the Administrative Collateral Agent and the other Secured Parties for up to the full amount guaranteed by maximum liability of such Guarantor hereunder.

Appears in 4 contracts

Samples: Intercreditor Agreement (Focus Financial Partners Inc.), Intercreditor Agreement (Focus Financial Partners Inc.), Intercreditor Agreement (Focus Financial Partners Inc.)

Right of Contribution. Each Guarantor hereby agrees that to the extent that a Guarantor shall have paid more than its proportionate share (based, to the maximum extent permitted by law, on the respective Adjusted Net Worths Worth of the Guarantors on the date the respective payment is made) of any payment made hereunder, such Guarantor shall be entitled to seek and receive contribution from and against any other Guarantor hereunder that has not paid its proportionate share of such payment. Each Guarantor’s right of contribution shall be subject to the terms and conditions of subsection 2.3. The provisions of this subsection 2.2 shall in no respect limit the obligations and liabilities of any Guarantor to the Administrative Agent and the other Secured Parties, and each Guarantor shall remain liable to the Administrative Agent and the other Secured Parties for the full amount guaranteed by such Guarantor hereunder.

Appears in 3 contracts

Samples: Collateral Agreement (Hd Supply, Inc.), Guarantee and Collateral Agreement (Hd Supply, Inc.), Credit Agreement (Hd Supply, Inc.)

Right of Contribution. Each Subject to the limitations in Section 2.01(b) hereof, each Guarantor hereby agrees that to the extent that a Guarantor shall have paid more than its proportionate share (based, to the maximum extent permitted by law, on the respective Adjusted Net Worths of the Guarantors on the date the respective payment is made) of any payment made hereunder, such Guarantor shall be entitled to seek and receive contribution from and against any other Guarantor hereunder that which has not paid its proportionate share of such payment. Each Guarantor’s right of contribution also shall be subject to the terms and conditions of subsection 2.3Section 2.03. The Except as set forth in Section 2.01(b) hereof, the provisions of this subsection 2.2 Section 2.02 shall in no respect limit the obligations and liabilities of any Guarantor to the Administrative Agent and the other Secured PartiesGuaranteed Creditors, and each Guarantor shall remain liable to the Administrative Agent and the other Secured Parties Guaranteed Creditors for the full amount guaranteed by such Guarantor hereunder.

Appears in 3 contracts

Samples: Guaranty and Collateral Agreement (Kodiak Oil & Gas Corp), Guaranty and Collateral Agreement (Whiting Petroleum Corp), Credit Agreement (Whiting Petroleum Corp)

Right of Contribution. Each Guarantor hereby agrees that to the extent that a Guarantor shall have paid more than its proportionate share (based, to the maximum extent permitted by applicable law, on the respective Adjusted Net Worths Worth of the Guarantors on the date the respective payment is made) of any payment made hereunder, such Guarantor shall be entitled to seek and receive contribution from and against any other Guarantor hereunder that has not paid its proportionate share of such payment. Each Guarantor’s right of contribution shall be subject to the terms and conditions of subsection 2.3Section 5 hereof. The provisions of this subsection 2.2 Section 3 shall in no respect limit the obligations and liabilities of any Guarantor to the Administrative Collateral Agent and the other ABL Secured Parties, and each Guarantor shall remain liable to the Administrative Collateral Agent and the other ABL Secured Parties for the full amount guaranteed by such Guarantor hereunder.

Appears in 2 contracts

Samples: Abl Guaranty (Tribune Publishing Co), Intercreditor Agreement (Tribune Publishing Co)

Right of Contribution. Each Guarantor hereby agrees that to the extent that a Guarantor shall have paid more than its proportionate share (based, to the maximum extent permitted by law, on the respective Adjusted Net Worths of the Guarantors on the date the respective payment is made) of any payment made hereunder, such Guarantor shall be entitled to seek and receive contribution from and against any other Guarantor hereunder that has not paid its proportionate share of such payment. Each Guarantor’s right of contribution shall be subject to the terms and conditions of subsection 2.3. The provisions of this subsection 2.2 shall in no respect limit the obligations and liabilities of any Guarantor to the U.S. Administrative Agent and the other Secured Parties, and each Guarantor shall remain liable to the U.S. Administrative Agent and the other Secured Parties for the full amount guaranteed by such Guarantor hereunder.

Appears in 2 contracts

Samples: Assumption Agreement (RSC Equipment Rental, Inc.), The Credit Agreement (RSC Holdings Inc.)

Right of Contribution. Each Guarantor hereby agrees that to the extent that a Guarantor shall have paid more than its proportionate share (based, to the maximum extent permitted by applicable law, on the respective Adjusted Net Worths Worth of the Guarantors on the date the respective payment is made) of any payment made hereunder, such Guarantor shall be entitled to seek and receive contribution from and against any other Guarantor hereunder that has not paid its proportionate share of such payment. Each Guarantor’s right of contribution shall be subject to the terms and conditions of subsection 2.3Section 5 hereof. The provisions of this subsection 2.2 Section 3 shall in no respect limit the obligations and liabilities of any Guarantor to the Administrative Collateral Agent and the other Term Loan Secured Parties, and each Guarantor shall remain liable to the Administrative Collateral Agent and the other Term Loan Secured Parties for the full amount guaranteed by such Guarantor hereunder.

Appears in 2 contracts

Samples: Term Loan Guaranty (Tribune Publishing Co), Credit Agreement (Tribune Publishing Co)

Right of Contribution. Each Guarantor hereby agrees that to the extent that a Guarantor shall have paid more than its proportionate share (basedan amount hereunder which would, to the maximum extent permitted by lawbut for this provision, on the respective Adjusted Net Worths render such Guarantor insolvent for purposes of the Guarantors on the date the respective payment is made) of any payment made hereunderstate or federal fraudulent conveyance laws, such Guarantor shall be entitled to seek and receive contribution from and against any other Guarantor hereunder that has to the extent such contribution would not paid its proportionate share of render such paymentother Guarantor insolvent. Each Guarantor’s 's right of contribution shall be subject to the terms and conditions of subsection Section 2.3. The provisions of this subsection Section 2.2 shall in no respect limit the obligations and liabilities of any Guarantor to the Administrative Agent and the other Secured PartiesLender, and each Guarantor shall remain liable to the Administrative Agent and the other Secured Parties Lender for the full amount guaranteed by such Guarantor hereunder.

Appears in 2 contracts

Samples: Guarantee and Collateral Agreement (Kojaian Mike), Guarantee and Collateral Agreement (Grubb & Ellis Co)

Right of Contribution. Each Guarantor hereby agrees that to the extent that a Guarantor shall have paid more than its proportionate share (based, to the maximum extent permitted by law, on the respective Adjusted Net Worths of the Guarantors on the date the respective payment is made) of any payment made hereunder, such Guarantor shall be entitled to seek and receive contribution from and against any other Guarantor hereunder that has not paid its proportionate share of such payment. Each Guarantor’s right of contribution shall be subject to the terms and conditions of subsection Section 2.3. The provisions of this subsection Section 2.2 shall in no respect limit the obligations and liabilities of any Guarantor to the Administrative Agent and the other Secured Parties, and each Guarantor shall remain liable to the Administrative Agent and the other Secured Parties for the full amount guaranteed by such Guarantor hereunder.

Appears in 2 contracts

Samples: Canadian Guarantee and Collateral Agreement (Herc Holdings Inc), Guarantee and Collateral Agreement (Herc Holdings Inc)

Right of Contribution. Each Guarantor hereby agrees that to the extent that a Guarantor shall have paid more than its proportionate share (based, to the maximum extent permitted by applicable law, on the respective Adjusted Net Worths Worth of the Guarantors on the date the respective payment is made) of any payment made hereunder, such Guarantor shall be entitled to seek and receive contribution from and against any other Guarantor hereunder that has not paid its proportionate share of such payment. Each Guarantor’s right of contribution shall be subject to the terms and conditions of subsection 2.3Section 5 hereof. The provisions of this subsection 2.2 Section 3 shall in no respect limit the obligations and liabilities of any Guarantor to the Administrative Collateral Agent and the other Secured Parties, and each Guarantor shall remain liable to the Administrative Collateral Agent and the other Secured Parties for the full amount guaranteed by such Guarantor hereunder.

Appears in 2 contracts

Samples: Assignment and Assumption (Tribune Media Co), Guaranty (Tribune Media Co)

Right of Contribution. Each Guarantor hereby agrees that to the extent that a Guarantor shall have paid more than its proportionate share (based, to the maximum extent permitted by law, on the respective Adjusted Net Worths of the Guarantors on the date the respective payment is made) of any payment made hereunder, such Guarantor shall be entitled to seek and receive contribution from and against any other Guarantor hereunder that which has not paid its proportionate share of such payment. For purposes of this Section 2.2, "proportionate share" means, as to any Guarantor a fraction the numerator of which shall be the net worth of such Guarantor and the denominator of which shall be the aggregate net worth of all Guarantors. Each Guarantor’s 's right of contribution shall be subject to the terms and conditions of subsection Section 2.3. The provisions of this subsection Section 2.2 shall in no respect limit the obligations and liabilities of any Guarantor to the Administrative Agent and the other Secured PartiesLenders, and each Guarantor shall remain liable to the Administrative Agent and the other Secured Parties Lenders for the full amount guaranteed by such Guarantor hereunder.

Appears in 2 contracts

Samples: Credit Agreement (Comcast Cable Communications Inc), Credit Agreement (Comcast Cable Communications Inc)

AutoNDA by SimpleDocs

Right of Contribution. Each Guarantor hereby agrees that to the extent that a Guarantor shall have paid more than its proportionate share (based, to the maximum extent permitted by law, on the respective Adjusted Net Worths of the Guarantors on the date the respective payment is made) of any payment made hereunder, such Guarantor shall be entitled to seek and receive contribution from and against any other Guarantor hereunder that who has not paid its proportionate share of such payment. For purposes of this Section 3, “proportionate share” means, as to any Guarantor a fraction the numerator of which shall be the net worth of such Guarantor and the denominator of which shall be the aggregate net worth of all Guarantors. Each Guarantor’s right of contribution shall be subject to the terms and conditions of subsection 2.3Section 5 hereof. The provisions of this subsection 2.2 Section 3 shall in no respect limit the obligations and liabilities of any Guarantor to the Administrative Agent and the other Secured PartiesLenders, and each Guarantor shall remain liable to the Administrative Agent and the other Secured Parties Lenders for the full amount guaranteed by such Guarantor hereunder.

Appears in 2 contracts

Samples: Credit Agreement (Comcast Corp), Bridge Loan Agreement (General Electric Co)

Right of Contribution. Each Guarantor hereby agrees that to the extent that a Guarantor shall have paid more than its proportionate share (based, to the maximum extent permitted by law, on the respective Adjusted Net Worths of the Guarantors on the date the respective payment is made) of any payment made hereunder, such Guarantor shall be entitled to seek and receive contribution from and against any other Guarantor hereunder that which has not paid its proportionate share of such payment. Each Guarantor’s right of contribution shall be subject to the terms and conditions of subsection Section 2.3. The provisions of this subsection Section 2.2 shall in no respect limit the obligations and liabilities of any Guarantor to the Administrative Collateral Agent and the other Secured PartiesHolders, and each Guarantor shall remain liable to the Administrative Collateral Agent and the other Secured Parties Holders for the full amount guaranteed by such Guarantor hereunder. For purposes of this Agreement, the proportionate share of any Guarantor shall be determined by dividing the net worth of such Guarantor at the time of determination by the aggregate net worth of all Guarantors at such time.

Appears in 1 contract

Samples: Guarantee and Collateral Agreement (Access Integrated Technologies, Inc. D/B/a Cinedigm Digital Cinema Corp.)

Right of Contribution. Each Guarantor hereby agrees that to the --------------------- extent that a Guarantor shall have paid more than its proportionate share (basedan amount hereunder which would, to the maximum extent permitted by lawbut for this provision, on the respective Adjusted Net Worths render such Guarantor insolvent for purposes of the Guarantors on the date the respective payment is made) of any payment made hereunderstate or federal fraudulent conveyance laws, such Guarantor shall be entitled to seek and receive contribution from and against any other Guarantor hereunder that has to the extent such contribution would not paid its proportionate share of render such paymentother Guarantor insolvent. Each Guarantor’s 's right of contribution shall be subject to the terms and conditions of subsection Section 2.3. The provisions of this subsection Section 2.2 shall in no respect limit the obligations and liabilities of any Guarantor to the Administrative Agent and the other Secured PartiesLenders, and each Guarantor shall remain liable to the Administrative Agent and the other Secured Parties Lenders for the full amount guaranteed by such Guarantor hereunder.

Appears in 1 contract

Samples: Guarantee and Collateral Agreement (Grubb & Ellis Co)

Right of Contribution. Each Guarantor hereby agrees that to the extent that a Guarantor shall have paid more than its proportionate share (based, to the maximum extent permitted by law, on the respective Adjusted Net Worths of the Guarantors on the date the respective payment is made) of any payment payments made hereunderhereunder and under the Credit Agreement (including by way of set-off rights being exercised against it), such Guarantor shall be entitled to seek and receive contribution from and against any other Guarantor hereunder that and the Borrower under the Credit Agreement who has not paid its proportionate share of such paymentpayments. Each Guarantor’s right of contribution shall be subject to the terms and conditions of subsection 2.3Section 6 hereof. The provisions of this subsection 2.2 Section 4 shall in no respect limit the obligations and liabilities hereunder of any Guarantor to the Administrative Collateral Agent and the other Secured Parties, and each Guarantor shall remain liable continue to guarantee to the Administrative Collateral Agent and the other Secured Parties for up to the full maximum liability of the Borrower in respect of the Obligations (or such lesser amount guaranteed by as such Guarantor may be permitted to guarantee hereunder).

Appears in 1 contract

Samples: Intercreditor Agreement (OneStream, Inc.)

Right of Contribution. Each Guarantor hereby agrees that to the extent that a Guarantor shall have paid more than its proportionate share (based, to the maximum extent permitted by law, on the respective Adjusted Net Worths of the Guarantors on the date the respective payment is made) of any payment made hereunder, such Guarantor shall be entitled to seek and receive contribution from and against any other Guarantor hereunder that has not paid its proportionate share of such payment. Each Guarantor’s 's right of contribution shall be subject to the terms and conditions of subsection 2.3. The provisions of this subsection 2.2 shall in no respect limit the obligations and liabilities of any Guarantor to the U.S. Administrative Agent and the other Secured Parties, and each Guarantor shall remain liable to the U.S. Administrative Agent and the other Secured Parties for the full amount guaranteed by such Guarantor hereunder.

Appears in 1 contract

Samples: Assumption Agreement (RSC Holdings Inc.)

Right of Contribution. Each Subject to entry and the terms of the Interim Order (and, when entered, the Final Order), each Guarantor hereby agrees that to the extent that a Guarantor shall have paid more than its proportionate share (based, to the maximum extent permitted by law, on the respective Adjusted Net Worths of the Guarantors on the date the respective payment is made) of any payment made hereunderhereunder (including by way of set-off rights being exercised against it), such Guarantor shall be entitled to seek and receive contribution from and against any other Guarantor hereunder that who has not paid its proportionate share of such payment. Each Guarantor’s right of contribution shall be subject to the terms and conditions of subsection 2.3Section 2.4. The provisions of this subsection Section 2.2 shall in no respect limit the obligations and liabilities of any Guarantor to the Administrative Agent and the other Secured Parties, and each Guarantor shall remain liable to the Administrative Agent and the other Secured Parties for the full amount guaranteed by such Guarantor hereunder.

Appears in 1 contract

Samples: Possession Credit Agreement (California Resources Corp)

Right of Contribution. Each Subsidiary Guarantor hereby agrees that to the extent that a Subsidiary Guarantor shall have paid more than its proportionate share (based, to the maximum extent permitted by law, on the respective Adjusted Net Worths of the Guarantors on the date the respective payment is made) of any payment made hereunderhereunder in respect of the Borrower Obligations (or Guarantor Obligations with respect to Borrower Obligations), such Subsidiary Guarantor shall be entitled to seek and receive contribution from and against any other Subsidiary Guarantor hereunder that which has not paid its proportionate share of such payment. Each Guarantor’s 's right of contribution shall be subject to the terms and conditions of subsection Section 2.3. The provisions of this subsection Section 2.2 shall in no respect limit the obligations and liabilities of any Guarantor to the Administrative Agent and the other Secured PartiesLenders, and each Guarantor shall remain liable to the Administrative Agent and the other Secured Parties Lenders for the full amount guaranteed by such Guarantor hereunder.

Appears in 1 contract

Samples: Guarantee and Collateral Agreement (White Mountains Insurance Group LTD)

Right of Contribution. Each Guarantor hereby agrees that to the extent that a Guarantor shall have paid more than its proportionate share (based, to the maximum extent permitted by law, on the respective Adjusted Net Worths of the Guarantors on the date the respective payment is made) of any payment made hereunder, such Guarantor shall be entitled to seek and receive contribution from and against any other Guarantor hereunder that which has not paid its proportionate share of such payment. Each Guarantor’s right If in connection with any payment made by any Guarantor hereunder any rights of contribution arise in favor of such Guarantor against one or more other Guarantors, such rights of contribution shall be subject to the terms and conditions of subsection Section 2.3. The provisions of this subsection Section 2.2 shall in no respect limit the obligations and liabilities of any Guarantor to the Administrative Agent and the other Secured Parties, and each Guarantor shall remain liable to the Administrative Agent and the other Secured Parties for the full amount guaranteed by such Guarantor hereunder.

Appears in 1 contract

Samples: Guarantee and Collateral Agreement (Barracuda Networks Inc)

Right of Contribution. Each Guarantor hereby agrees that to the extent that a Guarantor shall have paid more than its proportionate share (based, to the maximum extent permitted by law, on the respective Adjusted Net Worths of the Guarantors on the date the respective payment is made) of any payment made hereunder, such Guarantor shall be entitled to seek and receive contribution from and against any other Guarantor hereunder that has not paid its proportionate share of such payment. Each Guarantor’s 's right of contribution shall be subject to the terms and conditions of subsection 2.3. The provisions of this subsection 2.2 shall in no respect limit the obligations and liabilities of any Guarantor to the Administrative Agent and the other Secured Parties, and each Guarantor shall remain liable to the Administrative Agent and the other Secured Parties for the full amount guaranteed by such Guarantor hereunder.

Appears in 1 contract

Samples: Guarantee and Collateral Agreement (RSC Holdings Inc.)

Right of Contribution. (a) Each Guarantor hereby agrees that to in the extent that event any payment or distribution is made by any Guarantor (a Guarantor shall have paid more than its proportionate share (based, to the maximum extent permitted by law, on the respective Adjusted Net Worths “Funding Guarantor”) in respect of the Guarantors on the date the respective payment is made) of any payment made hereunderGuarantor Obligations, such Funding Guarantor shall be entitled to seek and receive a contribution from and against any each other Guarantor hereunder that has not paid its proportionate share in a pro rata amount based on the relative net worth of each Guarantor (including the Funding Guarantor) as of the date of such payment. Each Guarantor’s right of contribution shall be subject to payment or distribution for all payments, damages and expenses incurred by that Funding Guarantor in discharging the terms and conditions of subsection 2.3Guarantor Obligations. The provisions of this subsection 2.2 Section 15.04 shall in no respect limit the obligations and liabilities of any each Guarantor to the Administrative Agent Trustee and the other Secured Parties, Holders and each Guarantor shall remain liable to the Administrative Agent Trustee and the other Secured Parties Holders for the full amount guaranteed by such Guarantor hereunder.

Appears in 1 contract

Samples: Indenture (Innovative Industrial Properties Inc)

Right of Contribution. Each Guarantor hereby agrees that to the extent that a Guarantor shall have paid more than its proportionate share (based, to the maximum extent permitted by law, on the respective Adjusted Net Worths of the Guarantors on the date the respective payment is made) of any payment made hereunder, such Guarantor shall be entitled to seek and receive contribution from and against any other Guarantor hereunder that which has not paid its proportionate share of such payment. Each Guarantor’s right of contribution shall be subject to the terms and conditions of subsection 2.3Section 2.03. As among the Guarantors only, each Guarantor’s proportionate share and payment obligation will be outlined in a contribution agreement (the “Contribution Agreement”) by and among the Guarantors. The provisions of this subsection 2.2 Section 2.02 shall in no respect limit the obligations and liabilities of any Guarantor to the Administrative Agent and the other Secured PartiesGuaranteed Creditors, and each Guarantor shall remain liable to the Administrative Agent and the other Secured Parties Guaranteed Creditors for the full amount guaranteed by such Guarantor hereunder.

Appears in 1 contract

Samples: Guaranty and Collateral Agreement (Hornbeck Offshore Services Inc /La)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!