BR Party Caused Guaranty Losses

BR Party Caused Guaranty Losses. Means any Guaranty Losses that arise solely from (x) any acts, omissions or failure to perform of any BR Party, or (y) actions taken by another Person at the direction of, or pursuant to any contract or subcontract entered into with, any BR Party; provided, however, if such action or omission is (a) Acquiesced to by a TriBridge Party, then the same shall not be deemed a BR Party Caused Guaranty Loss, but rather shall be deemed a Joint Loss or (b) was undertaken at the direction of a TriBridge... Party or on account of a prior act or omission of a TriBridge Party (unless Acquiesced to by a BR Party), then the same shall not be deemed a BR Party Caused Guaranty Loss, but rather shall be deemed a TriBridge Party Caused Guaranty Loss. View More