Guarantee Cap Sample Clauses
A Guarantee Cap clause sets a maximum limit on the amount a guarantor is obligated to pay under a guarantee agreement. In practice, this means that even if the underlying obligations exceed the cap, the guarantor's liability will not surpass the specified maximum amount, which may include or exclude interest, costs, or other charges depending on the agreement. This clause serves to protect the guarantor from unlimited financial exposure, providing certainty and managing risk for both parties involved.
Guarantee Cap. The maximum amount payable by the Guarantor under this Agreement shall not exceed the amount of the Guarantor Payment Obligation (the “Guarantee Cap”) under any circumstances, it being understood that ▇▇▇▇▇ will not seek to enforce this Limited Guaranty for an amount in excess of the Guarantee Cap. Buyer hereby agrees that in no event shall the Guarantor be required to pay any amount to Buyer under, in respect of, or in connection with this Limited Guaranty or the MIPA, or the transactions contemplated hereby and thereby other than as expressly set forth herein or therein. All payments hereunder shall be made in lawful money of the United States, in immediately available funds. Within 60 days of written notice by ▇▇▇▇▇ to Guarantor of the occurrence of an event triggering Seller’s Guaranteed Obligations as set forth in (a) through (e) of Section 2, Guarantor shall pay to Buyer in cleared funds the full amount of the Guarantee Cap.