Common use of Equitable Allocation Clause in Contracts

Equitable Allocation. If as a result of any reorganization, recapitalization, or other corporate change any Obligor, or as a result of any amendment, waiver or modification of the terms and conditions governing the Loan Documents or the Obligations, or for any other reason, the contributions under this Agreement become inequitable, then the parties hereto shall promptly modify and amend this Agreement to provide for an equitable allocation of the contributions. Any of the foregoing modifications and amendments shall be in writing and signed by all parties hereto.

Appears in 2 contracts

Sources: Loan Agreement (Invacare Corp), Loan Agreement (Invacare Corp)