Subsidiary Payment. The amount of contribution payable under this Section 15 by any Indemnitor shall be reduced by the amount of any contribution paid hereunder by a Subsidiary of such Indemnitor.
Appears in 7 contracts
Samples: Pledge and Security Agreement (LaSalle Hotel Properties), Pledge and Security Agreement (LaSalle Hotel Properties), Guaranty and Contribution Agreement (LaSalle Hotel Properties)
Subsidiary Payment. The amount of contribution payable under ------------------ this Section 15 by any Indemnitor shall be reduced by the amount of any contribution paid hereunder by a Subsidiary of such Indemnitor.
Appears in 4 contracts
Samples: Management Agreement (American General Hospitality Corp), Credit Agreement (American General Hospitality Corp), Credit Agreement (American General Hospitality Corp)