Contribution Obligation definition

Contribution Obligation means an amount equal, at any time and from ------------------------ time to time and for each respective Subsidiary Guarantor, to the product of (i) its Contribution Percentage times (ii) the sum of all payments made previous to or at the time of calculation by all Subsidiary Guarantors in respect of the Liabilities, as a Subsidiary Guarantor (less the amount of any such payments previously returned to any Subsidiary Guarantor by operation of law or otherwise, but not including payments received by any Subsidiary Guarantor by way of its rights of subrogation and contribution under Section 2.9 of any other Guaranty Agreements); provided, however, such Contribution Obligation for any Subsidiary Guarantor shall in no event exceed such Subsidiary Guarantor's Maximum Guaranteed Amount, as defined in the respective Guaranty Agreement of such Subsidiary Guarantor.

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Contribution Obligation means an amount equal, at any time and from time to time and for each respective Guarantor, to the product of (i) such Guarantor's Contribution Percentage, times (ii) the sum of all payments made previous to or at the time of calculation by all Guarantors in respect of the Obligations (less the amount of any such payments previously returned to any Guarantor by operation of law or otherwise, but not including payments received by any Guarantor by way of its rights of subrogation and contribution hereunder). Notwithstanding anything to the contrary contained in this Section or in this Agreement, no liability or obligation of any Guarantor that shall accrue pursuant to this Agreement shall be paid nor shall it be deemed owed pursuant to this Agreement until all of the Obligations (other than the Limited Indemnification Obligations) shall be paid in full.

Contribution Obligation of a Contributing Obligor with respect to the Loan Obligation Payment of an Entitled Obligor is an amount equal to the greater of (a) the lesser of (i) such Contributing Obligor’s Loan Obligation Limit at the time the Loan Obligation Payment is made and (ii) such Contributing Obligor’s Allocable Share of the Loan Obligation Payment, and (b) the amount of all proceeds from the Loan Obligations actually received by such Contributing Obligor or applied by the recipient thereof directly or indirectly for the benefit of such Contributing Obligor, less the sum of any repayments thereof and any Loan Obligation Payments made by such Contributing Obligor prior to the time the applicable Loan Obligation Payment is made. The “Allocable Share” of a Contributing Obligor is a fraction, the numerator of which is such Contributing Obligor’s Loan Obligation Limit at the time the applicable Loan Obligation Payment is made and the denominator of which is the sum of the Loan Obligation Limits of all of the Contributing Obligor (plus a similarly computed amount for any Guarantor which has a similar obligation to make a contribution) as of such time.

Examples of Contribution Obligation in a sentence

• Any contribution by a Member with respect to a Tax Contribution Obligation shall increase such Member’s Capital Account but shall not reduce the amount (if any) that a Member is otherwise obligated to contribute to the Company.

• In the event a Member defaults with respect to its obligation under the prior sentence, the Company shall be entitled to offset the amount of a Member’s Tax Contribution Obligation against distributions to which such Member would otherwise be subsequently entitled until the full amount of such Tax Contribution Obligation has been contributed to the Company or has been recovered through offset against distributions, and any such offset shall not reduce such Member’s Capital Account.

• If any Borrower receives any payment by way of subrogation or contribution so that the amount of its then current Net Payments is greater than the amount of its then current Contribution Obligation, the Borrower receiving such proportionately greater payment shall, when permitted by the second preceding sentence, pay to the other Borrowers an amount such that the Net Payments received by the Borrowers shall be shared among the Borrowers pro rata in proportion to their respective Contribution Percentage.

• Except to the extent that the Permitted DAI Transferee assumes all or a portion of the obligation under the DAI Contribution Obligation in accordance with this Section 7.8(h), the transferor shall not be relieved of such obligation and shall continue to be obligated under the DAI Contribution Obligation notwithstanding the transfer and to the same extent as if the transfer had not occurred.

• If any Borrower makes a payment in respect of the Obligations so that the amount of its then current Net Payments is less than the amount of its then current Contribution Obligation, any Borrower making such proportionately smaller payment shall, when permitted by the preceding sentence, pay to the other Borrowers an amount such that the Net Payments made by the Borrowers in respect of the Obligations shall be shared among the Borrowers pro rata in proportion to their respective Contribution Percentage.

More Definitions of Contribution Obligation

Contribution Obligation means an amount, at any time and from time to time and for each respective Guarantor, equal to the product of (i) its Contribution Percentage multiplied by (ii) the sum of all payments made previous to or at the time of such calculation by all Guarantors in respect of the Obligations, as a Guarantor (less the amount of any such payments previously returned to any Guarantor by operation of law or otherwise, but not including payments received by any Guarantor by way of its rights of subrogation and contribution under Section 2.9 of this Guaranty); provided, however, such Contribution Obligation for any Guarantor shall in no event exceed such Guarantor’s Maximum Guaranteed Amount.

Contribution Obligation means in relation to each Contribution Category:

Contribution Obligation means a licensing requirement that results from making a Contribution to a Work Group. A Work Group Member or any other entity who makes a Contribution to a Work Group for inclusinon has a Contribution Obligation, which arises at the time a Contribution is submitted, to license any claims under its patents or patent applications that become Covered Claims when such Contribution is incorporated (either in whole or in part) into (a) the final RtF Specification produced by the Work Group that received the Contribution, or (b) any Final Maintenance Specification with respect to that RtF Specification.

Contribution Obligation has the meaning provided in Section 6.02(a) hereof.

Contribution Obligation means an amount equal, at any time and from time to time and for each respective Subsidiary Guarantor, to the product of (a) its Contribution Percentage times (b) the sum of all payments made previous to or at the time of calculation

Contribution Obligation means an amount that the General Partner is obligated to pay to the Partnership or to any other person to whom any Recourse Liabilities are owed in order to discharge or satisfy such Recourse Liabilities under circumstances where the Partnership is unable to do so after exhaustion of all remedies against the Partnership.

Contribution Obligation of a Contributor with respect to a Guarantied Obligation Payment of an Entitled Contributor is an amount equal to the greater of (a) the lesser of (i) such Contributor's Guarantied Obligation Limit at the time the Guarantied Obligation Payment is made and (ii) such Contributor's Allocable Share of the Guarantied Obligation Payment, and (b) the amount of all proceeds from the Revolving Loans or the benefit of the Letters of Credit actually received by such Contributor or applied by Beneficiary or the recipient thereof directly or indirectly for the benefit of such Contributor, less the sum of any repayments thereof and any Guarantied Obligation Payments made by such Contributor prior to the time the applicable Guarantied Obligation Payment is made.