Shared Risk. The parties hereto intend that each party shall bear one-half of the risk under the pledge agreement to the AGC Lenders and under the Mountaingate Loan as if both parties were party to each of the pledge agreement and the Mountaingate Loan. In addition to any specific provisions set forth herein, D▇▇▇▇ ▇▇▇▇▇ shall manage the arrangements necessary to perform his obligations under the pledge agreement and the Mountaingate Loan so as to insure that Dallas Price at no time loses more shares of stock or number of units in the Companies, and a greater interest in Mountaingate Company, than he loses. In furtherance thereof, all rights and remedies, including any right of subrogation, shall inure equally to each party.
Appears in 2 contracts
Sources: Price Shared Liability Agreement (Price Dallas P), Price Shared Liability Agreement (Price David G)