A13 CONTRIBUTION Sample Clauses

The A13 CONTRIBUTION clause defines how responsibility for losses, damages, or liabilities is shared among parties involved in an agreement. Typically, this clause outlines the proportion or method by which each party will contribute to covering costs arising from claims, often based on their respective roles or degrees of fault. For example, if multiple parties are jointly liable for a third-party claim, the clause may specify that each party pays a share corresponding to their involvement. Its core function is to allocate risk fairly and prevent one party from bearing an undue share of liability, thereby promoting equitable treatment and reducing disputes over financial responsibility.
A13 CONTRIBUTION. 5.1 Subject to the following provisions of this paragraph 5, LG Park Freehold or LG Park Leasehold will pay a contribution ("the Contribution") to A13 Link 5 or alternative measures to improve capacity or enhance safety on A13 Link 5 upon written demand by TBC. 5.2 TBC may only issue a written demand for the Contribution once TBC has obtained all necessary consents for A13 Link 5 (or the alternative measures) and is in a position to let a construction contract for A13 Link 5 (or the alternative measures). 5.3 The amount of the Contribution will an amount equal to [11.3%] of the cost of the A13 Link 5 (or the alternative measures) but in any event will not exceed the amount of £[ ]. 5.4 TBC shall complete A13 Link 5 works or alternative measures within 24 months of the receipt of the Contribution unless otherwise agreed by LG Park Freehold or LG Park Leasehold. 5.5 TBC will repay to LG Park Freehold or LG Park Leasehold any of the Contribution which remains unused or uncommitted for the purposes of this provision at the expiration of the period of 30 months from the receipt of the Contribution, unless otherwise agreed by LG Park Freehold or LG Park Leasehold. 5.6 Subject to Clause 5.7 below at any point in time after a Charging Schedule comes into effect, upon written request of any of the Parties, the Parties shall in good faith seek to agree a variation to this in order to ensure that that the LG Companies are not double-charged in respect of the A13 Link 5 (or alternative measures) and to ensure an equitable amount of contribution (which in any event shall not exceed the Contribution) by the LG Companies. 5.7 If a Charging Schedule comes into effect which sets a differential rate in relation to the Property as a strategic site and which rate reasonably reflects the commitment on the part of the LG Companies to pay the Contribution clause 5.6 above shall not apply.
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Related to A13 CONTRIBUTION

  • Retirement Contribution 1. The State shall, as permitted by 5 M.R.S.A. §17702 §§s5 and 6, pay its cost of the 6.5% or 7.5% retirement contribution for employees in the bargaining unit who are covered under special Law Enforcement retirement plans. 2. The State shall, as permitted by 5 M.R.S.A. §17702 §§s5 and 6, pay the cost of the 6.5% or 7.5% retirement contribution for employees in the following classifications.

  • The Contribution Prior to the Effective Time, and subject to the terms and conditions set forth in the Distribution Agreement, Grace intends to cause the transfer to a wholly owned subsidiary of Grace-Conn. ("Packco") of certain assets and liabilities of Grace and its subsidiaries predominantly related to the Packaging Business (the "Contribution"), as contemplated by the Distribution Agreement and the Other Agreements.

  • Payment of Contributions The College and eligible academic staff members of the plan shall each contribute one-half of the contributions to the Academic and Administrative Pension Plan.

  • Initial Contribution The member agrees to make an initial contribution to the Company of $____________.

  • Contribution Payment To the extent the indemnification provided for under any provision of this Agreement is determined (in the manner hereinabove provided) not to be permitted under applicable law, the Company, in lieu of indemnifying Indemnitee, shall, to the extent permitted by law, contribute to the amount of any and all Indemnifiable Liabilities incurred or paid by Indemnitee for which such indemnification is not permitted. The amount the Company contributes shall be in such proportion as is appropriate to reflect the relative fault of Indemnitee, on the one hand, and of the Company and any and all other parties (including officers and directors of the Company other than Indemnitee) who may be at fault (collectively, including the Company, the "Third Parties"), on the other hand.