Common use of Settlement Credit Clause in Contracts

Settlement Credit. In the event a Trustee is or becomes subject to a non-barred claim relating to its conduct with respect to any of the matters settled herein, such Trustee shall, subject to the remainder of this sentence, be barred from asserting any claim for contribution, setoff or non-contractual indemnification against JPMorgan to the extent such a right would otherwise exist, but shall be entitled to an offset for the greater of a dollar credit for the amount of the Allocable Share for any Trust on which the Trustee is subject to a non-barred claim or a proportionate offset based upon JPMorgan’s fault.