Allocable Amount Sample Clauses
The "Allocable Amount" clause defines the specific portion of funds, payments, or proceeds that are designated for a particular purpose or party under an agreement. In practice, this clause outlines how total amounts received or available are to be divided, often specifying percentages, priorities, or formulas for allocation among stakeholders such as lenders, investors, or service providers. By clearly establishing how funds are distributed, the clause ensures transparency and prevents disputes over entitlement, thereby facilitating smooth financial operations and risk management within the contractual relationship.
Allocable Amount. As used in this Agreement, the "Allocable Amount" of any Guarantor, as of any date of determination, shall be determined to be an amount equal to ninety-five percent (95%) of the maximum amount which could then be claimed against such Guarantor without rendering such claim voidable or avoidable under Section 548 of Chapter 11 of the United States Federal Bankruptcy Code (11 U.S.C. Sec. 101 et seq.) or under any applicable state Uniform Fraudulent Transfer Act, Uniform Fraudulent Conveyance Act or similar statute or common law.
Allocable Amount. As of any date of determination, the "Allocable Amount" of any Obligor shall be equal to the maximum amount of the claim which could then be recovered from such Obligor with respect to the Obligations without rendering such claim voidable or avoidable under Section 548 of Chapter 11 of the Bankruptcy Code or under any applicable state Uniform Fraudulent Transfer Act, Uniform Fraudulent Conveyance Act or similar statute or common law.
Allocable Amount. If any U.S. Credit Party makes a payment of any Obligations (other than amounts for which such U.S. Credit Party is primarily liable) (a “Guarantor Payment”) that, taking into account all other Guarantor Payments previously or concurrently made by any other U.S. Credit Parties, exceeds the amount that such U.S. Credit Party would otherwise have paid if each Credit Party had paid the aggregate Obligations satisfied by such Guarantor Payments in the same proportion that such U.S. Credit Party’s Allocable Amount bore to the total Allocable Amounts of all Credit Parties, then such U.S. Credit Party shall be entitled to receive contribution and indemnification payments from, and to be reimbursed by, each other Credit Party for the amount of such excess, pro rata based upon their respective Allocable Amounts in effect immediately prior to such Guarantor Payment. The “Allocable Amount” for any Credit Party shall be the maximum amount that could then be recovered from such Credit Party without rendering such payment voidable under Section 548 of the Bankruptcy Code or under any applicable state fraudulent transfer or conveyance act, or similar statute or common law.