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.
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 Borrower with respect to the Loan Obligation Payment of an Entitled Borrower is an amount equal to the greater of (1) the lesser of (x) such Contributing Borrower’s Loan Obligation Limit at the time the Loan Obligation Payment is made and (y) such Contributing Borrower’s Allocable Share of the Loan Obligation Payment, and (2) the amount of all proceeds from the Obligations actually received by such Contributing Borrower or applied by the recipient thereof directly or indirectly for the benefit of such Contributing Borrower, less the sum of any repayments thereof and any Loan Obligation Payments made by such Contributing Borrower prior to the time the applicable Loan Obligation Payment is made. The “Allocable Share” of a Contributing Borrower is a fraction, the numerator of which is such Contributing Borrower’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 Borrowers (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
Within five days of the Final Effective Date, Ford transferred to the Existing External VEBA $33 million in satisfaction of the Stock Contribution Obligation, as described in Section 13.C of the Xxxxxxxx I Settlement Agreement.
Within five days of the Final Effective Date, Ford shall transfer to the Existing External VEBA $33 million in satisfaction of the Stock Contribution Obligation, as described in Section 13.C of the Xxxxxxxx I Settlement Agreement.
The District and Howard intend to pay Project Costs as they are incurred and to that end agree in this Agreement to fund an Escrow Account in stages or otherwise as appropriate in connection with the requirements of the Financing Commitment so that incurred Project Costs may be paid when payment is required even though the Total Contribution Obligation of either party has not been funded or deposited into the Escrow Account.
Unless otherwise agreed by the parties in a written agreement, each of the District’s Grant and Xxxxxx’x Contribution shall not exceed a total of the Total Contribution Obligation.
Investment and interest earnings in the Escrow Account shall not offset or reduce the Total Contribution Obligation of each party.
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 is defined in Section 6.2(b).
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 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 Guarantor, to the product of (i) the Contribution Percentage set forth opposite such Guarantor's name on Annex I hereto, 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 shall be paid in full.