Common use of Contribution from Other Guarantors Clause in Contracts

Contribution from Other Guarantors. Each Guarantor that ---------------------------------- makes a payment or distribution under its Security Guarantee shall be entitled to a contribution from each other Guarantor in a pro rata amount based on the net assets of each Guarantor, determined in accordance with GAAP.

Appears in 1 contract

Sources: Indenture (MTL Inc)

Contribution from Other Guarantors. Each Additional Guarantor that ---------------------------------- makes a payment or distribution under its Security Guarantee shall be entitled to a seek contribution from each other non-paying Guarantor in a pro rata amount based on the net assets of each Guarantor, determined in accordance with GAAPgenerally accepted accounting principles in effect in the United States of America as of the date hereof so long as the exercise of such right does not impair the rights of the Holders under the Guarantee.

Appears in 1 contract

Sources: Third Supplemental Indenture (Express Scripts Holding Co.)

Contribution from Other Guarantors. Each Guarantor that ---------------------------------- makes a payment or distribution under its Security Guarantee shall be entitled to a contribution from each other Guarantor in a pro rata amount based on the net assets of each Guarantor, determined in accordance with GAAP, so long as the exercise of such right does not impair the rights of holders of Notes under any Guarantee.

Appears in 1 contract

Sources: Indenture (Gillette Dairy of the Black Hills Inc)

Contribution from Other Guarantors. Each Guarantor that ---------------------------------- makes a payment or distribution under its Security Guarantee shall be entitled to a seek contribution from each other non-paying Guarantor in a pro rata amount based on the net assets of each Guarantor, determined in accordance with GAAPGAAP so long as the exercise of such right does not impair the rights of the Holders under the Guarantee.

Appears in 1 contract

Sources: Supplemental Indenture (Dupont E I De Nemours & Co)

Contribution from Other Guarantors. Each Guarantor that ---------------------------------- makes a payment or distribution under its Security Guarantee shall be entitled to a contribution from each other Guarantor in a pro rata PRO RATA amount based on the net assets Adjusted Net Assets of each Guarantor, determined in accordance with GAAP, so long as the exercise of such right does not impair the rights of Holders of Notes under any Guarantee.

Appears in 1 contract

Sources: Indenture (Best Built Inc)