Common use of Right of Contribution in Favour of Others Clause in Contracts

Right of Contribution in Favour of Others. With respect to this section, the Company acknowledges and agrees that the Agents are contracting on their own behalf and as agents for their affiliates, directors, officers, employees, partners, agents, advisors and shareholders. The Agents’ respective obligations to contribute pursuant to this Article 10 are several and not joint or joint and several.

Appears in 2 contracts

Sources: Agency Agreement, Agency Agreement

Right of Contribution in Favour of Others. With respect to this sectionSection 22, the Company acknowledges Indemnifiers acknowledge and agrees agree that the Agents are contracting on their own behalf and as agents for their respective affiliates, directors, officers, employees, partners, employees and agents, advisors and shareholderseach Person, if any, controlling any Agent or any of its subsidiaries and each shareholder of any Agent. The Agents’ respective obligations to contribute pursuant to this Article 10 Section 22 are several in proportion to the percentage of Units and Additional Securities set forth opposite their respective names and not joint or joint and severaljoint.

Appears in 1 contract

Sources: Agency Agreement

Right of Contribution in Favour of Others. With respect to this sectionSection 10, the Company acknowledges and agrees that the Agents are contracting on their own behalf and as agents for their affiliates, directors, officers, employees, partners, employees and agents, advisors and shareholders. The Agents’ respective obligations to contribute pursuant to this Article 10 are several and not joint or joint and several.

Appears in 1 contract

Sources: Agency Agreement (Canadian Pacific Railway LTD/Cn)