Common use of Limited Guarantees Clause in Contracts

Limited Guarantees. The Investors shall cooperate in defending any claim that the LG Investors are or any of them is liable to make payments under the Limited Guarantees. Each LG Investor agrees to contribute to the amount paid or payable by other Investors in respect of the Limited Guarantees (other than any such payment made by an Investor solely arising from such LG Investor’s breach of its obligations under such LG Investor’s Limited Guarantee, which amounts shall not be subject to this Section 1.4) so that each LG Investor will have paid an amount equal to the product of the aggregate amount paid under all of the Limited Guarantees multiplied by a fraction of which the numerator is such LG Investor’s Cap (as defined in such Investor’s Limited Guarantee) and the denominator is the sum of all LG Investors’ Caps (such fraction, expressed as a percentage, such LG Investor’s “LG Percentage”).

Appears in 3 contracts

Samples: Interim Investors Agreement (Tencent Holdings LTD), Interim Investors Agreement (Ocean Imagination L.P.), Interim Investors Agreement (Ctrip Com International LTD)

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Limited Guarantees. The Investors shall cooperate in defending any claim that the LG Investors are they are, or any of them is is, liable to make payments under the Limited Guarantees. Each LG Subject to Section 1.8(d), each Financial Investor agrees to contribute to the amount paid or payable by the other Financial Investors in respect of the their Limited Guarantees (other than any such payment made by an a Financial Investor solely arising from such LG Financial Investor’s breach of its obligations under such LG Investor’s its Limited Guarantee, which amounts shall not be subject to this Section 1.41.3) so that each LG Financial Investor will have paid an amount equal to the product of the aggregate amount paid under all of the Limited Guarantees multiplied by a fraction of which the numerator is such LG Financial Investor’s Cap Maximum Amount (as defined in such Financial Investor’s Limited Guarantee) and the denominator is the sum of all LG Financial Investors’ Caps Maximum Amount (such fraction, expressed as a percentage, such LG Financial Investor’s “LG Percentage”).

Appears in 1 contract

Samples: Interim Investors Agreement (Zhang Bing)

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