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byreferenceto,amongotherthings,theParties'relativeintent,knowledge,accesstoinformationandopportunitytocorrectorpreventthecircumstancesresultinginsuchexpenses,judgments,finesorsettlementamounts.MLE'scontributionamountinanyinstanceiscappedtothesameextentitwouldhavebeencappedunderWashingtonlawiftheStatehadsoleliabilityintheproœeding.15.3WithrespecttoaThirdPartyClaimforwhichSubrecipientisjointlyliablewithMLE(orwouldbeifjoinedintheThirdPartyClaim),Subrecipientshallcontributetotheamountofexpenses(includingattorneys'fees),judgments,finesandamountspaidinsettlementactuallyandreasonablyincurredandpaidorpayablebyMLEinsuchpropodionasisappropriatetoreflecttherelativefaultofSubrecipientontheonehandandofMLEontheotherhandinconnectionwiththeeventsthatresultedinsuchexpenses,judgments,finesorsettlementamounts,aswellasanyotherrelevantequitableconsiderations.TherelativefaultofSubrecipientontheonehandandofMLEontheotherhandshallbedeterminedbyreferenceto,amongotherthings,thePadies'relativeintent,knowledge,accesstoinformationandopportunitytocorrectorpreventthecircumstancesresultinginsuchexpenses,judgments,finesorsettlementamounts.Subrecipient'scontributionamountinanyinstanceiscappedtothesameextentitwouldhavebeencappedunderWashingtonlawifithadsoleliabilityintheproceeding.SECTION16:SUBRECIPIENTDEFAULTSubrecipientwillbeindefaultunderthisAgreementupontheoccurrenceofanyofthefollowingevents:16.1Subrecipientfailstoperform,observeordischargeanyofitscovenants,agreementsorobligationsunderthisAgreement;16.2Anyrepresentation,warrantyorstatementmadebySubrecipientinthisAgreementorinanydocumentsorreportsrelieduponbyMLEtomeasurethedeliveryofservices,theexpenditureoffundsortheperformancebySubrecipientisuntrueinanymaterialrespectwhenmade;16.3Subrecipient(a)appliesfororconsentstotheappointmentof,ortakingofpossessionby,areceiver,custodian,trustee,orliquidatorofitselforallofitsproperty,(b)admitsinwritingitsinability,orisgenerallyunable,topayitsdebtsastheybecomedue,(c)makesageneralassignmentforthebenefitofitscreditors,(d)isadjudicatedabankruptorinsolvent,(e)commencesavoluntarycaseundertheFederalBankruptcyCode(asnoworhereafterineffect),(f)filesapetitionseekingtotakeadvantageofanyotherlawrelatingtobankruptcy,insolvency,reorganization,winding-up,orcompositionoradjustmentofdebts,(g)failstocontrovertinatimelyandappropriatemanner,oracquiescesinwritingto,anypetitionfiledagainstitinaninvoluntarycaseundertheBankruptcyCode,or(h)takesanyactionforthepurposeofeffectinganyoftheforegoing;or16.4Aproceedingorcaseiscommenæd,withouttheapplicationorconsentofSubrecipient,inanycourtofcompetentjurisdiction,seeking(a)theliquidation,dissolutionorwinding-up,orthecompositionorreadjustmentofdebtsofSubrecipient,(b)theappointmentofatrustee,receiver,custodian,liquidator,orthelikeofSubrecipientorofalloranysubstantialpartofitsassets,or(c)similarreliefinrespecttoSubrecipientunderanylawrelatingtoMLE123-122SubrecipientAgreement-BoatingProgram(FFAGrantAward)Page16of64
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