Common use of Rights of Contribution Clause in Contracts

Rights of Contribution. The Credit Parties agree among themselves that, in connection with payments made hereunder, each Credit Party shall have contribution rights against the other Credit Parties as permitted under applicable law. Such contribution rights shall be subordinate and subject in right of payment to the obligations of the Credit Parties under the Credit Documents and no Credit Party shall exercise such rights of contribution until all Credit Party Obligations have been paid in full and the Commitments terminated.

Appears in 31 contracts

Samples: Revolving Credit Agreement (Polaris Industries Inc/Mn), Revolving Credit Agreement (Polaris Industries Inc/Mn), Credit Agreement (Quest Diagnostics Inc)

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Rights of Contribution. The Credit Parties agree among themselves that, in connection with payments made hereunder, each Credit Party shall have contribution rights against the other Credit Parties as permitted under applicable law. Such contribution rights shall be subordinate and subject in right of payment to the obligations of the Credit Parties under the Credit Documents and no Credit Party shall exercise such rights of contribution until all Credit Party the Obligations have been paid in full and the Commitments terminated.

Appears in 6 contracts

Samples: Term Credit Agreement (Brandywine Realty Trust), Term Loan Credit Agreement (Brandywine Realty Trust), Credit Agreement (Brandywine Realty Trust)

Rights of Contribution. The Credit Parties agree among themselves that, in connection with payments made hereunder, each Credit Party shall have contribution rights against the other Credit Parties as permitted under applicable law. Such contribution rights shall be subordinate and subject in right of payment to the obligations of the Credit Parties under the Credit Documents and no Credit Party shall exercise such rights of contribution until all Credit Party Obligations have been paid in full and the Commitments terminated.

Appears in 4 contracts

Samples: Revolving Credit Agreement (Pan Pacific Retail Properties Inc), Revolving Credit Agreement (Pan Pacific Retail Properties Inc), Revolving Credit Agreement (Pan Pacific Retail Properties Inc)

Rights of Contribution. The Credit Parties agree among themselves that, in connection with payments made hereunder, each Credit Party shall have contribution rights against the other Credit Parties as permitted under applicable law. Such contribution rights shall be subordinate and subject in right of payment to the obligations of the Credit Parties under the Credit Loan Documents and no Credit Party shall exercise such rights of contribution until all Credit Party Obligations (other than any such obligations which by the terms thereof are stated to survive termination of the Loan Documents) have been paid in full and the Commitments terminatedfull.

Appears in 1 contract

Samples: Credit Agreement (Davel Communications Inc)

Rights of Contribution. The Credit Parties agree among themselves that, in connection with payments made hereunder, each Credit Party shall have contribution rights against the other Credit Parties as permitted under applicable law. Such contribution rights shall be subordinate and subject in right of payment to the obligations of the Credit Parties under the Credit Documents and no Credit Party shall exercise such rights of contribution until all Credit Party Obligations have been paid in full and the Commitments terminated.as

Appears in 1 contract

Samples: Day Revolving Credit Agreement (Polaris Industries Inc/Mn)

Rights of Contribution. The Credit Parties agree among themselves that, in connection with payments made hereunder, each Credit Party shall have contribution rights against the other Credit Parties as permitted under applicable law. Such contribution rights shall be subordinate and subject in right of payment to the obligations of the Credit Parties under the Credit Documents and no Credit Party shall exercise such rights of contribution until all Credit Party Obligations (other than any such obligations which by the terms thereof are stated to survive termination of the Credit Documents) have been paid in full and the Commitments terminated.. -56- SECTION 5 CONDITIONS PRECEDENT --------------------

Appears in 1 contract

Samples: Credit Agreement (Davel Communications Inc)

Rights of Contribution. The Credit Parties agree among themselves that, in connection with payments made hereunder, each Credit Party shall have contribution rights against the other Credit Parties as permitted under applicable lawLaw. Such contribution rights shall be subordinate and subject in right of payment to the obligations of the Credit Parties under the Credit Documents and no Credit Party shall exercise such rights of contribution until all Credit Party Obligations have been paid in full and the Commitments terminated.

Appears in 1 contract

Samples: Credit Agreement (Orthodontic Centers of America Inc /De/)

Rights of Contribution. The Credit Parties agree among themselves that, in connection with payments made hereunder, each Credit Party shall have contribution rights against the other Credit Parties as permitted under applicable law. Such contribution rights shall be subordinate and subject in right of payment to the obligations of the Credit Parties under the Credit Loan Documents and no Credit Party shall exercise such rights of contribution until all Credit Party Obligations (other than any such obligations which by the terms thereof are stated to survive termination of the Loan Documents) have been paid in full and the Commitments terminated.

Appears in 1 contract

Samples: Credit Agreement (Phonetel Technologies Inc)

Rights of Contribution. The Credit Parties agree among themselves that, in connection with payments made hereunder, each Credit Party shall have contribution rights against the other Credit Parties as permitted under applicable law. Such contribution rights shall be subordinate and subject in right of payment to the obligations of the Credit Parties under the Credit Documents and no Credit Party shall exercise such rights of contribution until all Credit Party Obligations have been paid in full and the Commitments Commitment terminated.

Appears in 1 contract

Samples: Credit Agreement (Delta & Pine Land Co)

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Rights of Contribution. The Credit Parties agree among themselves that, in connection with payments made hereunder, each Credit Party shall have contribution rights against the other Credit Parties as permitted under applicable lawApplicable Law. Such contribution rights shall be subordinate and subject in right of payment to the obligations of the such Credit Parties under the Credit Loan Documents and no Credit Party shall exercise such rights of contribution until all Credit Party Guaranteed Obligations under the Loan Documents (other than contingent indemnification and expense reimbursement obligations not then due or asserted) have been paid in full and the Revolving Credit Commitments have terminated.

Appears in 1 contract

Samples: Credit Agreement (Chuy's Holdings, Inc.)

Rights of Contribution. The Credit Parties agree among themselves that, in connection with payments made hereunder, each Credit Party shall have contribution rights against the other Credit Parties as permitted under applicable lawLaw. Such contribution rights shall be subordinate and subject in right of payment to the obligations of the Credit Parties under the Credit Documents Party Obligations and no Credit Party shall exercise such rights of contribution until all Credit Party Obligations have been paid in full and the Commitments terminated.

Appears in 1 contract

Samples: Credit Agreement (Packaging Dynamics Corp)

Rights of Contribution. The Credit Parties agree among themselves that, in connection with payments made hereunder, each Credit Party shall have contribution rights against the other Credit Parties as permitted under applicable law. Such contribution rights shall be subordinate and subject in right of payment to the obligations of the Credit Parties under the Credit Documents and no Credit Party shall exercise such rights of contribution until all Credit Party Obligations have been paid in full and the Commitments terminated.right

Appears in 1 contract

Samples: Credit Agreement (Ivex Packaging Corp /De/)

Rights of Contribution. The Credit Parties agree among themselves that, in connection with payments made hereunder, each Credit Party shall have contribution rights against the other Credit Parties as permitted under applicable law. Such contribution rights shall be subordinate and subject in right of payment to the obligations of the Credit Parties under the Credit Documents and no Credit Party shall exercise such rights of contribution until all Credit Party Obligations have been paid in full and the Commitments terminatedfull.

Appears in 1 contract

Samples: Interim Credit Agreement (Quest Diagnostics Inc)

Rights of Contribution. The Credit Parties agree among ---------------------- themselves that, in connection with payments made hereunder, each Credit Party shall have contribution rights against the other Credit Parties as permitted under applicable law. Such contribution rights shall be subordinate and subject in right of payment to the obligations of the Credit Parties under the Credit Loan Documents and no Credit Party shall exercise such rights of contribution until all Credit Party Obligations (other than any such obligations which by the terms thereof are stated to survive termination of the Loan Documents) have been paid in full and the Commitments terminated.

Appears in 1 contract

Samples: Credit Agreement (Davel Communications Inc)

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