Applicable Contribution Percentage definition

Applicable Contribution Percentage with respect to any such payment or loss by a Paying Guarantor shall be determined as of the date on which such payment or loss was made by reference to the ratio of (i) such Non-Paying Guarantor’s Maximum Liability as of such date (without giving effect to any right to receive, or obligation to make, any contribution hereunder) or, if such Non-Paying Guarantor’s Maximum Liability has not been determined, the aggregate amount of all monies received by such Non-Paying Guarantor from the Borrower after the date hereof (whether by loan, capital infusion or by other means) to (ii) the aggregate Maximum Liability of all Loan Guarantors hereunder (including such Paying Guarantor) as of such date (without giving effect to any right to receive, or obligation to make, any contribution hereunder), or to the extent that a Maximum Liability has not been determined for any Loan Guarantor, the aggregate amount of all monies received by such Loan Guarantors from the Borrower after the date hereof (whether by loan, capital infusion or by other means). Nothing in this provision shall affect any Loan Guarantor’s several liability for the entire amount of the Guaranteed Obligations (up to such Loan Guarantor’s Maximum Liability). Each of the Loan Guarantors covenants and agrees that its right to receive any contribution under this Loan Guaranty from a Non-Paying Guarantor shall be subordinate and junior in right of payment to the payment in full in cash of the Guaranteed Obligations. This provision is for the benefit of all of the Administrative Agent, the Issuing Bank, the Lenders and the Loan Guarantors and may be enforced by any one, or more, or all of them in accordance with the terms hereof.
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Applicable Contribution Percentage has the meaning assigned to it in Section 10.11.
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Applicable Contribution Percentage means the maximum matching contribution percentage the Participant is eligible to receive under the terms of the Qualified Plan for the Plan Year.
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Examples of Applicable Contribution Percentage in a sentence

  • In the event that the Minimum Consortium Member Contribution Level is reduced by mutual agreement of all Consortium Members, each Consortium Member's Contribution Commitment shall be equal to such Consortium Member's Applicable Contribution Percentage of the total amount set forth in the applicable Annual Research Program Budget for cash and AFFX Materials from the Consortium Members.

  • Such Exhibit A also sets forth the Applicable Contribution Percentage of each Consortium Member.

  • Any funds paid to the Institute by the Consortium Members which have not been expended or committed upon the date of expiration or termination of the Sponsored Research Agreement shall be refunded to the Consortium Members within sixty (60) days after the date of expiration or termination in proportion with each Consortium Member's Applicable Contribution Percentage.


More Definitions of Applicable Contribution Percentage

Applicable Contribution Percentage means the percentage set forth opposite each Consortium Member's name on Exhibit A to this Agreement.
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