We use cookies on our site to analyze traffic, enhance your experience, and provide you with tailored content.

For more information visit our privacy policy.

Common use of Shared Obligations Clause in Contracts

Shared Obligations. If an invoice or other evidence of an obligation is received which under the terms of this Article XIII is partially the obligation of Seller and partially the obligation of Buyer, then the parties shall consult with each other, the Partnership shall promptly pay such obligation to the obligee, and Seller shall promptly reimburse Buyer for Seller's portion so paid.

Appears in 4 contracts

Samples: Purchase Agreement (Tesoro Petroleum Corp /New/), Purchase Agreement (Tesoro Petroleum Corp /New/), Purchase Agreement (Tesoro Petroleum Corp /New/)

Shared Obligations. If an invoice or other evidence of an obligation ------------------ is received which under the terms of this Article XIII is partially the obligation of Seller and partially the obligation of Buyer, then the parties shall consult with each other, the Partnership shall promptly pay such obligation to the obligee, and Seller shall promptly reimburse Buyer for Seller's portion so paid.

Appears in 4 contracts

Samples: Purchase Agreement (Eex Corp), Purchase Agreement (Eex Corp), Stock Purchase Agreement (Eex Corp)