Sharing Provisions Sample Clauses
The Sharing Provisions clause defines how benefits, rights, or obligations under an agreement are distributed among the parties involved. Typically, it outlines the specific methods or formulas for dividing profits, losses, or resources, and may set conditions for when and how sharing occurs, such as proportional to investment or effort. This clause ensures transparency and fairness in the allocation process, helping to prevent disputes by clearly establishing each party’s entitlements and responsibilities.
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Sharing Provisions. In accepting the benefits of and agreeing to be bound by the provisions of this Agreement, each holder of a Secured Derivative Obligation agrees to be bound by the provisions of Section 9.04 of the Credit Agreement with respect to any payment such holder may receive (whether by exercising any right of set-off or counterclaim or otherwise), as if such holder of a Secured Derivative Obligation were a Lender under Section 9.04, and as if the ▇▇▇▇-to-Market Value of its First Secured Derivative Obligations (if any) were principal then due with respect to a Loan (and Section 9.04 of the Credit Agreement shall apply, mutatis mutandis, to the obligations of the holders of Secured Derivative Obligations under this Agreement).
Sharing Provisions. Subject to the IMA Letter and the Partnership Agreement to the extent inconsistent herewith, all collections received in respect of the Purchased Units, or any portion thereof, by the Buyer or Colorado shall be divided between Buyer and Colorado on the basis of Colorado Percentage. All amounts received by Colorado in respect of the Purchased Units other than pursuant to this Agreement shall be remitted to Buyer less Colorado Percentage therein. If any party hereto shall, at any time, receive a dividend, distribution or other payment on account of all or part of its pro rata share in the Purchased Units, in a greater proportion than the payments made on account of the interest of the other party hereto, such party receiving such greater proportionate interest shall promptly make payment in cash, to the other party hereto, such amount in excess of its pro rata share. If any such payment is disturbed by legal process, or otherwise, appropriate further adjustments shall be made.
Sharing Provisions