Common use of Shared Responsibility Clause in Contracts

Shared Responsibility. If an Event of Loss shall occur and responsibility for the Event of Loss under Section 7.4(a) and 7.4(b) rests either with both parties or neither party, each party shall share the Income Taxes, Other Taxes and reasonable out-of-pocket costs and expenses directly caused by such Event of Loss in the ratio of fifty percent (50%) for Biomune and fifty percent (50%) for Volu-Sol, and each party shall indemnify and hold harmless the other party for its share of that liability.

Shared Responsibility. If an Event of Loss shall occur and --------------------- responsibility for the Event of Loss under Section 7.4(a) 11.3.1 and 7.4(b) Section 11.3.2 rests either with both parties or neither party, each party shall share the Income Taxes, Other Taxes and reasonable out-of-pocket costs and expenses directly caused by such Event of Loss in the ratio of fifty seventy-five percent (5075%) for Biomune Parent and fifty twenty-five percent (5025%) for Volu-SolSub, and each party shall indemnify and hold harmless the other party for its share of that liability.

Shared Responsibility. If an Event of Loss shall occur and responsibility for the Event of Loss under Section 7.4(a) 11.3.1 and 7.4(b) Section 11.3.2 rests either with both parties or neither party, each party shall share the Income Taxes, Other Taxes and reasonable out-of-pocket costs and expenses directly caused by such Event of Loss in the ratio of fifty seventy-five percent (5075%) for Biomune Parent and fifty twenty-five percent (5025%) for Volu-SolSub, and each party shall indemnify and hold harmless the other party for its share of that liability.