Contribution Among Guarantors. The Guarantors desire to allocate among themselves, in a fair and equitable manner, their rights of contribution from each other when any payment is made by one of the Guarantors under this Guaranty. Accordingly, if any payment is made by a Guarantor under this Guaranty (a "Funding Guarantor") that exceeds its Fair Share, the Funding Guarantor shall be entitled to a contribution from each other Guarantor in the amount of such other Guarantor's Fair Share Shortfall, so that all such contributions shall cause each Guarantor's Aggregate Payments to equal its Fair Share. For these purposes:
Appears in 9 contracts
Sources: Note and Warrant Purchase Agreement (Us Home & Garden Inc), Credit Agreement (Ocular Sciences Inc /De/), Revolving Credit, Term Loan, Guaranty and Security Agreement (Us Home & Garden Inc)
Contribution Among Guarantors. The Guarantors desire to allocate among themselves, in a fair and equitable manner, their rights of contribution from each other when any payment is made by one of the Guarantors under this GuarantyAgreement. Accordingly, if any payment is made by a Guarantor under this Guaranty (a "Funding Guarantor") under this Agreement that exceeds its the Funding Guarantor's Fair Share, the Funding Guarantor shall be entitled to a contribution from each other Guarantor in the amount of such other Guarantor's Fair Share Shortfall, so that all such contributions shall cause each Guarantor's Aggregate Payments to equal its Fair Share. For these purposes:
Appears in 1 contract
Sources: Loan and Security Agreement (Oasis Residential Inc)
Contribution Among Guarantors. The Guarantors desire ----------------------------- to allocate among themselves, in a fair and equitable manner, their rights of contribution from each other when any payment is made by one of the Guarantors under this Guaranty. Accordingly, if any payment is made by a Guarantor under this Guaranty (a "Funding Guarantor") that exceeds its Fair Share, the Funding Guarantor shall be entitled to a contribution from each other Guarantor in the amount of such other Guarantor's Fair Share Shortfall, so that all such contributions shall cause each Guarantor's Aggregate Payments to equal its Fair Share. For these purposes:
Appears in 1 contract
Sources: Subsidiary Guaranty (P Com Inc)