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Contribution Clause Example from Business Contracts

This example Contribution clause appears in 16 contracts from 13 companies

Contribution. To the extent any indemnification by an indemnifying party is prohibited or limited by law, the indemnifying party agrees to make the maximum contribution with respect to any amounts for which it would otherwise be liable under Section 6 to the fullest extent permitted by law; provided, however: (i) no contribution shall be made under circumstances where the maker would not have been liable for indemnification under the fault standards set forth in Section 6 of this Agreement, (ii) no Person inv...olved in the sale of Registrable Securities which Person is guilty of fraudulent misrepresentation (within the meaning of Section 11(f) of the Securities Act) in connection with such sale shall be entitled to contribution from any Person involved in such sale of Registrable Securities who was not guilty of fraudulent misrepresentation; and (iii) contribution by any seller of Registrable Securities shall be limited in amount to the amount of net proceeds received by such seller from the applicable sale of such Registrable Securities pursuant to such Registration Statement. Notwithstanding the provisions of this Section 7, the Investor shall not be required to contribute, in the aggregate, any amount in excess of the amount by which the net proceeds actually received by the Investor from the applicable sale of the Registrable Securities subject to the Claim exceeds the amount of any damages that the Investor has otherwise been required to pay, or would otherwise be required to pay under Section 6(b), by reason of such untrue or alleged untrue statement or omission or alleged omission. View More

Found in VectoIQ Acquisition Corp. contract

VectoIQ Acquisition Corp. Contracts

Registration Rights Agreement by and between Nikola Corporation and Tumim Stone Capital LLC, dated June 11, 2021 (Filed With SEC on June 14, 2021)

Registration Rights Agreement by and between Nikola Corporation and Tumim Stone Capital LLC, dated September 24, 2021 (Filed With SEC on September 27, 2021)

Greenidge Generation Holdings Inc. Contracts

Registration Rights Agreement, dated as of September 15, 2021, between Greenidge Generation Holdings Inc. and B. Riley Principal Capital, LLC (Filed With SEC on September 15, 2021)

Registration Rights Agreement, dated as of April 7, 2022, between Greenidge Generation Holdings Inc. and B. Riley Principal Capital, LLC (Filed With SEC on April 8, 2022)

LGL Systems Acquisition Corp. Contracts

Registration Rights Agreement by and between IronNet, Inc. and Tumim Stone Capital LLC, dated February 11, 2022 (Filed With SEC on February 14, 2022)

Registration Rights Agreement, dated September 14, 2022, by and between IronNet, Inc. and the Investor (Filed With SEC on September 15, 2022)

New Providence Acquisition Corp. Contracts

Registration Rights Agreement, dated as of May 6, 2022, between AST SpaceMobile, Inc. and B. Riley Principal Capital, LLC (Filed With SEC on May 6, 2022)