Example ContractsClausescontribution in the event of joint liabilityIdentical
Contribution in the Event of Joint Liability
Contribution in the Event of Joint Liability contract clause examples

To the fullest extent permissible under applicable law, if the indemnification, hold harmless and/or exoneration rights provided for in this Agreement are unavailable to Indemnitee in whole or in part for any reason whatsoever, the Company, in lieu of indemnifying, holding harmless or exonerating Indemnitee, shall pay, in the first instance, the entire amount incurred by Indemnitee, whether for judgments, liabilities, fines, penalties, amounts paid or to be paid in settlement and/or for Expenses, in connection with any Proceeding without requiring Indemnitee to contribute to such payment, and the Company hereby waives and relinquishes any right of contribution it may have at any time against Indemnitee.

Lux Health Tech Acquisition Corp. (CIK 0001823767)
Source: SEC EDGAR database • Date: October 9, 2020 • SIC: 6770 • CIK: 6770
Kadem Sustainable Impact Corp (KSI) (CIK 0001843351)
Source: SEC EDGAR database • Date: March 9, 2021 • SIC: 6770 • CIK: 6770
TLG Acquisition One Corp. (CIK 0001827871)
Source: SEC EDGAR database • Date: February 1, 2021 • SIC: 6770 • CIK: 6770
Sierra Lake Acquisition Corp. (CIK 0001844135)
Source: SEC EDGAR database • Date: February 25, 2021 • SIC:  • CIK:
Flame Acquisition Corp. (CIK 0001831481)
Source: SEC EDGAR database • Date: March 2, 2021 • SIC: 6770 • CIK: 6770
East Resources Acquisition Co (ERES, ERESU, ERESW) (CIK 0001814287)
Source: SEC EDGAR database • Date: November 21, 2022 • SIC: 6282 • CIK: 6282
East Resources Acquisition Co (ERESU) (CIK 0001814287)
Source: SEC EDGAR database • Date: July 27, 2020 • SIC: 6770 • CIK: 6770
Decarbonization Plus Acquisition Corp II (DCRN) (CIK 0001836154)
Source: SEC EDGAR database • Date: January 19, 2021 • SIC: 6770 • CIK: 6770
East Resources Acquisition Co (ERES, ERESU, ERESW) (CIK 0001814287)
Source: SEC EDGAR database • Date: August 22, 2022 • SIC: 6770 • CIK: 6770

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