Common use of Contribution by Guarantors Clause in Contracts

Contribution by Guarantors. All Guarantors desire to allocate among themselves (collectively, the "Contributing Guarantors"), in a fair and equitable manner, their obligations arising under this Guaranty. Accordingly, in the event any payment or distribution is made on any date by a Guarantor (a "Funding Guarantor") under this Guaranty that exceeds its Fair Share as of such date, such Funding Guarantor shall be entitled to a contribution from each of the other Contributing Guarantors in the amount of such other Contributing Guarantor's Fair Share Shortfall as of such date, with the result

Appears in 1 contract

Samples: Pacific Energy Resources LTD

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Contribution by Guarantors. All Guarantors desire to allocate among themselves (collectively, the "Contributing Guarantors")themselves, in a fair and equitable manner, their obligations arising under this Guaranty. Accordingly, in the event any payment or distribution is made on any date by a Guarantor (a "Funding Guarantor") under this Guaranty such that its Aggregate Payments exceeds its Fair Share as of such date, such Funding Guarantor shall be entitled to a contribution from each of the other Contributing Guarantors in the an amount of such other Contributing sufficient to cause each Guarantor's ’s Aggregate Payments to equal its Fair Share Shortfall as of such date, with the result59 [[6024167]]

Appears in 1 contract

Samples: Credit and Guaranty Agreement (United Rentals North America Inc)

Contribution by Guarantors. All Guarantors desire to allocate among themselves (collectively, the "Contributing GuarantorsCONTRIBUTING GUARANTORS"), in a fair and equitable manner, their obligations arising under this Guaranty. Accordingly, in the event any payment or distribution is made on any date by a Guarantor (a "Funding GuarantorFUNDING GUARANTOR") under this Guaranty that exceeds its Fair Share as of such date, such Funding Guarantor shall be entitled to a contribution from each of the other Contributing Guarantors in the amount of such other Contributing Guarantor's Fair Share Shortfall as of such date, with the resultresult that all such contributions will cause each Contributing Guarantor's Aggregate Payments to equal its Fair Share as of such date. "

Appears in 1 contract

Samples: Credit and Guaranty Agreement (BPC Holding Corp)

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Contribution by Guarantors. All Guarantors desire to allocate among themselves (collectively, the "Contributing Guarantors"), in a fair and equitable manner, their obligations arising under this Guaranty. Accordingly, in the event any payment or distribution is made on any date by a Guarantor (a "Funding Guarantor") under this Guaranty that exceeds its Fair Share as of such date, such Funding Guarantor shall be entitled to a contribution from each of the other Contributing Guarantors in the amount of such other Contributing Guarantor's Fair Share Shortfall as of such date, with the resultresult that all such contributions will cause each 104

Appears in 1 contract

Samples: Credit and Guaranty Agreement (Northpoint Communications Group Inc)

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