{"component": "clause", "props": {"groups": [{"snippet_links": [{"key": "in-this-clause", "type": "clause", "offset": [4, 18]}], "size": 6, "snippet": "(a) In this Clause:", "samples": [{"hash": "7PRlogI39X1", "uri": "/contracts/7PRlogI39X1#loss-sharing", "label": "Facility Agreement (Rockwood Holdings, Inc.)", "score": 21.4257354736, "published": true}, {"hash": "fE4PCgfhwVQ", "uri": "/contracts/fE4PCgfhwVQ#loss-sharing", "label": "Amendment and Restatement Agreement (Rockwood Holdings, Inc.)", "score": 19.8432579041, "published": true}, {"hash": "cEtjZTl1TU1", "uri": "/contracts/cEtjZTl1TU1#loss-sharing", "label": "Facility Agreement (Rockwood Specialties Group Inc)", "score": 19.8432579041, "published": true}], "hash": "b9a77493cb8f51adfde6a12e6d54b2c1", "id": 5}, {"snippet_links": [{"key": "revolving-facility-a-loan", "type": "definition", "offset": [9, 34]}, {"key": "us-dollar-swingline-loan", "type": "definition", "offset": [48, 72]}, {"key": "interest-on", "type": "clause", 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Revolving Facility A Commitment to place that Lender in the position it would have been in had each Lender (or its Affiliate) with a Facility A Commitment participated in that Loan in the proportion borne by its Facility A Commitment to the Total Facility A Commitments and, if the Total Facility A Commitments are then zero, the proportion borne by its Facility A Commitment to the Total Facility A Commitments immediately prior to their reduction to zero.\n(b) The calculation of the Agent is designed solely to allocate the unpaid amount proportionally among the Lenders with a Revolving Facility A Commitment according to their Revolving Facility A Commitments and will not take into account any commitment fee or other amount payable under the Finance Documents.\n(c) The Agent will set a date (the \u201cLoss Sharing Date\u201d) on which payments must be made under this Clause 11.9. The Agent shall give at least three (3) Business Days\u2019 notice to each affected Lender of this date and the amount of the payment (if any) to be paid or received by it on this date.\n(d) On the Loss Sharing Date:\n(i) each affected Lender who has to make a payment shall pay to the Agent the relevant amount set out in the notice referred to in paragraph (c) above; and\n(ii) out of the amounts the Agent receives, the Agent shall pay to each affected Lender who is entitled to receive a payment the amount set out in that notice.\n(e) If the amount actually received by the Agent from the Lenders under paragraph (d) above is insufficient to pay the full amount required to be paid under that paragraph, the Agent shall distribute the amount it actually receives among the affected Lenders pro rata to the amounts they are entitled to receive under that paragraph.\n(f) If a Lender makes a payment to the Agent under this Clause 11.9 then, to the extent that that payment is distributed by the Agent under paragraphs (d) or (e) above, as between the relevant Obligor and that Lender an amount equal to the amount of that distributed payment will be treated as not having been paid by the relevant Obligor.\n(g) Any payment under this Clause 11.9 will not reduce the obligations in aggregate of any Obligor.\n(h) \u2587\u2587\u2587\u2587\u2587 Fargo Bank, NA will only be deemed to be a Lender for the purposes of this Clause 11.9 (Loss Sharing) after the Target Accession Date has occurred and shall not have any liability in respect of Revolving Facility A Loans drawn prior to the Target Accession Date.", "samples": [{"hash": "WMaR3gTZOM", "uri": "/contracts/WMaR3gTZOM#loss-sharing", "label": "Loan Agreement (International Game Technology PLC)", "score": 30.5633125305, "published": true}, {"hash": "gdPE3Jd2F1X", "uri": "/contracts/gdPE3Jd2F1X#loss-sharing", "label": "Loan Agreement (International Game Technology PLC)", "score": 29.9691982269, "published": true}, {"hash": "4JWtQRus73j", "uri": "/contracts/4JWtQRus73j#loss-sharing", "label": "Loan Agreement (International Game Technology PLC)", "score": 26.5811080933, "published": true}], "hash": "4d64dd84f94e8d8a0e68d7b12d678abb", "id": 4}, {"snippet_links": [{"key": "prc-laws", "type": "clause", "offset": [14, 22]}, {"key": "our-company", "type": "clause", "offset": [32, 43]}, {"key": "legally-required", "type": "clause", "offset": [56, 72]}, {"key": "financial-support", "type": "definition", "offset": [104, 121]}, {"key": "limited-liability-company", "type": "definition", "offset": [171, 196]}, {"key": "in-relation-to", "type": "clause", "offset": [248, 262]}, {"key": "assets-and-liabilities", "type": "definition", "offset": [267, 289]}, {"key": "to-provide", "type": "definition", "offset": [326, 336]}, {"key": "assistance-to", "type": "clause", "offset": [360, 373]}, {"key": "financial-performance", "type": "clause", "offset": [435, 456]}, {"key": "adversely-affected", "type": "definition", "offset": [582, 600]}, {"key": "risk-of-loss", "type": "clause", "offset": [649, 661]}, {"key": "number-of", "type": "clause", "offset": [684, 693]}, {"key": "contractual-arrangements", "type": "definition", "offset": [713, 737]}, {"key": "in-particular", "type": "clause", "offset": [739, 752]}, {"key": "option-agreement", "type": "definition", "offset": [759, 775]}, {"key": "share-pledge-agreements", "type": "clause", "offset": [782, 805]}, {"key": "the-sub", "type": "clause", "offset": [810, 817]}, {"key": "provide-us", "type": "clause", "offset": [846, 856]}, {"key": "effective-control", "type": "clause", "offset": [862, 879]}, {"key": "consolidated-affiliated-entities", "type": "definition", "offset": [889, 921]}, {"key": "for-more-information", "type": "clause", "offset": [929, 949]}], "size": 5, "snippet": "Under current PRC Laws, neither our Company nor WFOE is legally required to share losses of, or provide financial support to, Onshore Holdco. Further, Onshore Holdco is a limited liability company that is solely liable for its own debts and losses in relation to its assets and liabilities. Notwithstanding this, WFOE intends to provide continuous support and assistance to Onshore Holdco and its subsidiaries, as necessary, and their financial performance will be consolidated into our Company\u2019s accounts. As such, our operational and financial performance would be materially and adversely affected if Onshore Holdco suffers loss. To minimize the risk of loss, we have undertaken a number of measures under the Contractual Arrangements. In particular, see \u201cOption agreement\u201d and \u201cShare pledge agreements\u201d in the sub-section \u201c\u2014Arrangements that provide us with effective control over our Consolidated Affiliated Entities\u201d above for more information.", "samples": [{"hash": "2GmqEAD5G5a", "uri": "/contracts/2GmqEAD5G5a#loss-sharing", "label": "Contractual Arrangements", "score": 32.2536964417, "published": true}, {"hash": "2qwaZ6ql1AJ", "uri": "/contracts/2qwaZ6ql1AJ#loss-sharing", "label": "Contractual Arrangements", "score": 25.7337436676, "published": true}, {"hash": "2rTeRZIVITF", "uri": "/contracts/2rTeRZIVITF#loss-sharing", "label": "Contractual Arrangements", "score": 25.6173858643, "published": true}], "hash": "15a137bc5c0ee0c86c96d7c858d66048", "id": 6}, {"snippet_links": [{"key": "this-agreement", "type": "clause", "offset": [0, 14]}, {"key": "single-family", "type": "clause", "offset": [26, 39]}, {"key": "attached-hereto-as-exhibit", "type": "definition", "offset": [62, 88]}, {"key": "institution-shall", "type": "clause", "offset": [181, 198]}, {"key": "shared-losses", "type": "definition", "offset": [258, 271]}, {"key": "certain-loans", "type": "clause", "offset": [304, 317]}, {"key": "in-accordance-with", "type": "clause", "offset": [329, 347]}, {"key": "the-shared", "type": "clause", "offset": [348, 358]}], "size": 33, "snippet": "This Agreement includes a Single Family Shared-Loss Agreement attached hereto as Exhibit 4.15A and a Commercial Shared-Loss Agreement attached hereto as Exhibit 4.15B. The Assuming Institution shall be entitled to require reimbursement from the Receiver for shared losses, and shall share recoveries, on certain loans and assets in accordance with the Shared-Loss Agreements.", "samples": [{"hash": "8gEVDjyz4X", "uri": "/contracts/8gEVDjyz4X#loss-sharing", "label": "Purchase and Assumption Agreement (FCB Financial Holdings, Inc.)", "score": 25.4654350281, "published": true}, {"hash": "8O4Eea300hQ", "uri": "/contracts/8O4Eea300hQ#loss-sharing", "label": "Purchase and Assumption Agreement (Talmer Bancorp, Inc.)", "score": 25.024641037, "published": true}, {"hash": "1IcSZcYQqHP", "uri": "/contracts/1IcSZcYQqHP#loss-sharing", "label": "Purchase and Assumption Agreement (Talmer Bancorp, Inc.)", "score": 25.024641037, "published": true}], "hash": "fd18e3fad5069d3ce86e793a6442fa54", "id": 1}, {"snippet_links": [{"key": "in-the-event", "type": "clause", "offset": [5, 17]}, {"key": "insolvency-proceeding", "type": "definition", "offset": [26, 47]}, {"key": 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Revolving Facility, the Lenders shall make such payments between themselves as the Agent shall require to ensure that, after taking into account such payments, any such amount is shared between the relevant Lenders pro rata to their Loss Share Proportions.\n(b) If a Lender (the \u201cPaying Bank\u201d) makes a payment to the Agent for distribution to one or more other Lenders under paragraph (a) above then, without double counting, the liability of the relevant Borrower to the Paying Bank shall be increased (or treated as not having been reduced) by an amount equal to the payment so made and the liability of such Borrower to the Lender(s) to which any such payment has been made shall be reduced (or treated as not having been increased) by an amount equal to the payment so made. Following any application of the provisions of paragraph (a) above the Agent is authorised and is instructed to deliver to the beneficiary an adjusted L/C Schedule or a new Letter of Credit, as the case may be, under the terms of this Agreement. Such adjusted L/C or new Letter of Credit shall reflect the L/C Commitments of the Lenders after the application of paragraph (a) above.\n(c) \u2587\u2587\u2587\u2587\u2587 Fargo Bank, NA will only be deemed to be a Lender for the purposes of this Clause 8.8 (Loss sharing) after the Target Accession Date has occurred and shall not have any liability in respect of Letters of Credit issued prior to the Target Accession Date.", "samples": [{"hash": "WMaR3gTZOM", "uri": "/contracts/WMaR3gTZOM#loss-sharing", "label": "Loan Agreement (International Game Technology PLC)", "score": 30.5633125305, "published": true}, {"hash": "gdPE3Jd2F1X", "uri": "/contracts/gdPE3Jd2F1X#loss-sharing", "label": "Loan Agreement (International Game Technology PLC)", "score": 29.9691982269, "published": true}, {"hash": "4JWtQRus73j", "uri": "/contracts/4JWtQRus73j#loss-sharing", "label": "Loan Agreement (International Game Technology PLC)", "score": 26.5811080933, "published": true}], "hash": 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[70, 96]}], "size": 4, "snippet": "The loss sharing provisions set out in paragraph 20.6 of Schedule 10 (Security agency provisions) shall apply.", "samples": [{"hash": "hGG5DPBpi6P", "uri": "/contracts/hGG5DPBpi6P#loss-sharing", "label": "Facility Agreement (Marine Harvest ASA)", "score": 25.0629711151, "published": true}, {"hash": "a9zZVFGc1Wc", "uri": "/contracts/a9zZVFGc1Wc#loss-sharing", "label": "Facility Agreement (Marine Harvest ASA)", "score": 25.043806076, "published": true}, {"hash": "h67jRm3hAzm", "uri": "/contracts/h67jRm3hAzm#loss-sharing", "label": "Facility Agreement (Marine Harvest ASA)", "score": 24.9589328766, "published": true}], "hash": "5c70185850c6c364ddd7d7baf4d9bc41", "id": 9}, {"snippet_links": [{"key": "secured-liability", "type": "clause", "offset": [11, 28]}, {"key": "secured-party", "type": "definition", "offset": [91, 104]}, {"key": "in-accordance-with", "type": "clause", "offset": [105, 123]}, {"key": "proceeds-of-enforcement", "type": "clause", 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"snippet": "(a) If any Secured Liability remains undischarged and any resulting loss is not borne by a Secured Party in accordance with Clause 25.12 (Proceeds of enforcement), the Secured Parties shall make such payments between themselves as the Security Agent may require to ensure that after taking into account those payments the losses are borne by the Secured Parties as if Clause 25.12 (Proceeds of enforcement) had applied.\n(b) For the purpose of paragraph (a) above:\n(i) the Total Commitments under this Agreement will be notionally increased by an aggregate amount equal to the aggregate of any amount (if any, the \u201cHedging Termination Payment\u201d):\n(A) payable to any Hedging Provider as a result of the Hedging Termination under a Hedging Arrangement if such Hedging Arrangement was so terminated or closed out prior to the date of enforcement of the Transaction Security; or\n(B) that would be payable to any Hedging Provider as a result of the Hedging Termination under a Hedging Arrangement if such Hedging Arrangement were so terminated or closed out on the date of enforcement of the Transaction Security; and\n(ii) each Hedging Provider shall be deemed (if it is a Lender) to have the aggregate amount of its Commitments increased by, or (if it is not a Lender) to have a Commitment in, the amount equal to the aggregate of the Hedging Termination Payments (if any) that would be payable to that Hedging Provider as a result of the Hedging Termination under the Hedging Arrangements on the date of the enforcement of the security under the Transaction Security Documents.\n(c) This Clause 31.3 (Loss sharing) is without prejudice to Clause 29.14 (Secured Parties\u2019 indemnity to the Security Agent).\nSECTION 11 ADMINISTRATION", "samples": [{"hash": "5lxtu83p0QY", "uri": "/contracts/5lxtu83p0QY#loss-sharing", "label": "Facility Agreement (GDS Holdings LTD)", "score": 25.7570152283, "published": true}, {"hash": "4qDUn1J12nc", "uri": "/contracts/4qDUn1J12nc#loss-sharing", "label": "Facility Agreement (GDS Holdings LTD)", "score": 25.6694049835, "published": true}], "hash": "da5680b7c398377a13a85bed5bb9eb7c", "id": 10}], "next_curs": "ClUST2oVc35sYXdpbnNpZGVyY29udHJhY3RzcjELEhZDbGF1c2VTbmlwcGV0R3JvdXBfdjU2IhVsb3NzLXNoYXJpbmcjMDAwMDAwMGEMogECZW4YACAA", "clause": {"children": [["loss-sharing", "Loss Sharing"], ["equalisation-payments", "Equalisation Payments"], ["", ""], ["payments", "Payments"], ["obligations-supplemental", "Obligations Supplemental"]], "title": "Loss Sharing", "size": 163, "parents": [["assumption-of-certain-duties-and-obligations", "Assumption of Certain Duties and Obligations"], ["representations-and-warranties-of-the-assuming-institution", "REPRESENTATIONS AND WARRANTIES OF THE ASSUMING INSTITUTION"], ["loss-sharing", "Loss Sharing"], ["pro-rata-sharing", "Pro Rata Sharing"], ["letters-of-credit", "Letters of Credit"]], "id": "loss-sharing", "related": [["data-sharing", "Data Sharing", "Data Sharing"], ["profit-sharing", "Profit Sharing", "Profit Sharing"], ["job-sharing", "JOB SHARING", "JOB SHARING"], ["cost-sharing", "Cost Sharing", "Cost Sharing"], ["leave-sharing", "Leave Sharing", "Leave Sharing"]], "related_snippets": [], "updated": "2026-05-30T06:04:11+00:00", "also_ask": ["What are the most negotiable elements in a loss sharing clause?", "Which drafting terms are essential to ensure enforceability of loss sharing provisions?", "What are the primary legal risks or loopholes that could undermine a loss sharing clause?", "How do loss sharing clauses differ across common law and civil law jurisdictions?", "What standards do courts use to assess the fairness and validity of loss sharing arrangements?"], "drafting_tip": "Specify each party\u2019s share of losses to prevent disputes; define calculation methods to ensure clarity; address timing of loss allocation to avoid enforcement issues.", "explanation": "The Loss Sharing clause defines how financial losses are distributed among the parties involved in an agreement. Typically, it outlines the proportion or method by which each party will bear a share of losses resulting from specific events, such as project failures, breaches, or unforeseen liabilities. For example, losses might be split equally, according to each party\u2019s investment, or based on fault. This clause ensures that all parties understand their potential financial exposure and helps prevent disputes by clearly allocating risk in advance."}, "json": true, "cursor": ""}}