Common use of Extent of Liability of U.S. Domiciled Obligors; Contribution Clause in Contracts

Extent of Liability of U.S. Domiciled Obligors; Contribution. (a) Notwithstanding anything herein to the contrary, each U.S. Domiciled Obligor’s liability under this Section 5.10 shall not exceed the greater of (a) all amounts for which such U.S. Domiciled Obligor is primarily liable, as described in clause (c) below, and (b) such U.S. Domiciled Obligor’s Allocable Amount.

Appears in 2 contracts

Samples: Loan, Security and Guaranty Agreement (Hyster-Yale Materials Handling, Inc.), Loan, Security and Guaranty Agreement (Hyster-Yale Materials Handling, Inc.)

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Extent of Liability of U.S. Domiciled Obligors; Contribution. (a) Notwithstanding anything herein to the contrary, each U.S. Domiciled Obligor’s liability under this Section 5.10 shall not exceed the greater of (ai) all amounts for which such U.S. Domiciled Obligor is primarily liable, as described in clause (c) below, and (bii) such U.S. Domiciled Obligor’s Allocable Amount.

Appears in 1 contract

Samples: Loan, Security and Guaranty Agreement (Willbros Group, Inc.\NEW\)

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Extent of Liability of U.S. Domiciled Obligors; Contribution. (a) Notwithstanding anything herein to the contrary, each U.S. Domiciled Obligor’s liability under this Section 5.10 shall not exceed the greater of (ai) all amounts for which such U.S. Domiciled Obligor is primarily liable, as described in clause (c) below, and (bii) such U.S. Domiciled Obligor’s Allocable Amount.

Appears in 1 contract

Samples: Loan, Security and Guaranty Agreement (Hyster-Yale Materials Handling, Inc.)

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