Common use of Limit on Recovery Clause in Contracts

Limit on Recovery. Notwithstanding any other provision hereof or of the Note, the right of recovery against each Guarantor under this Section 10 or against a Borrower on the Note issued by it shall not (to the extent required by or as may be necessary or desirable to ensure the enforceability against such Guarantor of its obligations hereunder or thereunder in accordance with the laws of the jurisdiction of its incorporation or where it carries on business) exceed (x) the amount which would render such Guarantor’s obligations under this Section 10 and the Note void or voidable under applicable law, including without limitation fraudulent conveyance law minus (y) $1.00.

Appears in 2 contracts

Samples: Credit Agreement (Hub Group Inc), Credit Agreement (Hub Group Inc)

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Limit on Recovery. Notwithstanding any other provision hereof or of the NoteRevolving Credit Notes, the right of recovery against each Guarantor under this Section 10 11 or against a Borrower on the Note Notes issued by it shall not (to the extent required by or as may be necessary or desirable to ensure the enforceability against such Guarantor of its obligations hereunder or thereunder in accordance with the laws of the jurisdiction of its incorporation or where it carries on business) exceed (x) the amount which would render such Guarantor’s 's obligations under this Section 10 11 and the Note Notes void or voidable under applicable law, including without limitation fraudulent conveyance law minus (y) $1.00.

Appears in 1 contract

Samples: Credit Agreement (Morton Industrial Group Inc)

Limit on Recovery. Notwithstanding any other provision hereof or of the NoteNotes, the right of recovery against each Guarantor under this Section 10 or against a Borrower on the Note Notes issued by it shall not (to the extent required by or as may be necessary or desirable to ensure the enforceability against such Guarantor of its obligations hereunder or thereunder in accordance with the laws of the jurisdiction of its incorporation or where it carries on business) exceed (x) the amount which would render such Guarantor’s 's obligations under this Section 10 and the Note Notes void or voidable under applicable law, including without limitation fraudulent conveyance law minus (y) $1.00.

Appears in 1 contract

Samples: Credit Agreement (Hub Group Inc)

Limit on Recovery. Notwithstanding any other provision hereof or of the NoteNotes, the right of recovery against each Guarantor under this Section 10 11 or against a Borrower the Company on the Note Notes issued by it shall not (to the extent required by or as may be necessary or desirable to ensure the enforceability against such Guarantor of its obligations hereunder or thereunder in accordance with the laws of the jurisdiction of its incorporation or where it carries on business) exceed (x) $1.00 less than the amount which would would, as of the time of such recovery, render such Guarantor’s 's obligations under this Section 10 11 and the Note Notes void or voidable under applicable law, including without limitation fraudulent conveyance law minus (y) $1.00law.

Appears in 1 contract

Samples: Credit Agreement (WLR Foods Inc)

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Limit on Recovery. Notwithstanding any other provision hereof or of the NoteTerm Notes, the right of recovery against each Guarantor under this Section 10 9 or against a Borrower on the Note Term Notes issued by it shall not (to the extent required by or as may be necessary or desirable to ensure the enforceability against such Guarantor of its obligations hereunder or thereunder in accordance with the laws of the jurisdiction of its incorporation or where it carries on business) exceed (x) the amount which would render such Guarantor’s 's obligations under this Section 10 9 and the Note Term Notes void or voidable under applicable law, including without limitation fraudulent conveyance law minus (y) $1.00.

Appears in 1 contract

Samples: Credit Agreement (Hub Group Inc)

Limit on Recovery. Notwithstanding any other provision hereof or of the NoteNotes, the right of recovery against each Guarantor under this Section 10 11 or against a Borrower on the Note Notes issued by it shall not (to the extent required by or as may be necessary or desirable to ensure the enforceability against such Guarantor of its obligations hereunder or thereunder in accordance with the laws of the jurisdiction of its incorporation or where it carries on business) exceed (x) $1.00 less than the amount which would render such Guarantor’s 's obligations under this Section 10 11 and the Note Notes void or voidable under applicable law, including without limitation fraudulent conveyance law minus (y) $1.00law.

Appears in 1 contract

Samples: Credit Agreement (Platinum Entertainment Inc)

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