Limitation of Obligations. Notwithstanding any other provision of this Guaranty, each Guarantor’s obligation to pay the amount guaranteed by each Guarantor hereunder shall be limited to the extent, if any, required so that its obligations hereunder shall not be subject to avoidance under Section 548 of the Bankruptcy Code or under any applicable state Uniform Fraudulent Transfer Act, Uniform Fraudulent Conveyance Act or similar statute or common law.
Limitation of Obligations. Communications
Limitation of Obligations. (a) The provisions of this Agreement are severable, and in any action or proceeding involving any applicable law affecting the rights of creditors generally, if the Obligations of Grantor under this Agreement would otherwise be held or determined to be avoidable, invalid or unenforceable on account of the amount of Grantor’s liability under this Agreement, then, notwithstanding any other provision of this Agreement to the contrary, the amount of such liability shall, without any further action by Grantor or Secured Party, be automatically limited and reduced to the highest amount that is valid and enforceable as determined in such action or proceeding (such highest amount determined hereunder being Grantor’s “Maximum Liability”).
Limitation of Obligations. Except to use the same standard of care that it ordinarily uses for collateral for its sole benefit, Administrative Agent has no obligation whatsoever to any Lender or to any other Person to assure that the Collateral exists or is owned by any Company or is cared for, protected, or insured or has been encumbered or that the Lender Liens have been properly or sufficiently or lawfully created, perfected, protected, or enforced or are entitled to any particular priority.
Limitation of Obligations. Neither party shall have any obligation with respect to any portion of such Confidential Information which:
Limitation of Obligations. Parent(s) acknowledge and understand that MLJ Adoptions’ responsibilities to Parent(s) are limited by MLJ Adoptions’ obligation to ensure that adoptions happen in the best interests of children and occur in an ethical manner. Nothing in this Agreement obligates MLJ Adoptions to provide favorable determination regarding Parent(s) or favorable determinations or consents regarding the Child. MLJ Adoptions further may terminate this Agreement at any time should MLJ Adoptions deem at its sole discretion that the adoption is no longer in the best interests of the Child.
Limitation of Obligations. SECTION 6.01. Anything to the contrary herein notwithstanding, there shall not be any obligation on the part of the Authority to make any payment except from the Receipts and Revenues from the Sewer System deposited into the Revenue Fund and other legally available funds of the Authority and this Subsidy Agreement shall not constitute a general obligation of the Authority, but shall, pursuant to the Authorities Act, constitute a special obligation of the Authority, payable solely from the Receipts and Revenues from the Sewer System and other legally available funds of the Authority.
Limitation of Obligations. (a) The provisions of this Agreement are severable, and in any action or proceeding involving any state corporate law, or any state, federal or foreign bankruptcy, insolvency, reorganization or other law affecting the rights of creditors generally, if the obligations of the Guarantors under this Agreement would otherwise be held or determined to be avoidable, invalid or unenforceable on account of the amount of such Guarantor’s liability under this Agreement, then, notwithstanding any other provision of this Agreement to the contrary, the amount of such liability shall, without any further action by any Guarantor, the Administrative Agent or any Lender, be automatically limited and reduced to the highest amount that is valid and enforceable as determined in such action or proceeding (such highest amount determined hereunder being the relevant Guarantor’s “Maximum Liability”). This Section 2.4 with respect to the Maximum Liability of the Guarantors is intended solely to preserve the rights of the Administrative Agent hereunder to the maximum extent not subject to avoidance under applicable law, and neither the Guarantors nor any other person or entity shall have any right or claim under this Section 2.4 with respect to the Maximum Liability, except to the extent necessary so that the obligations of the Guarantors hereunder shall not be rendered voidable under applicable law.
Limitation of Obligations. Notwithstanding anything to the contrary in this Agreement, (i) prior to the ULC Conversion, (x) with respect to any Grantor that is an Exempt CFC or a Subsidiary thereof, Obligations secured by the Collateral shall exclude U.S. Obligations; and (y) the security interested granted on the voting Capital Stock of Kildair which secures the U.S. Obligations shall be limited to 65% of such voting Capital Stock, provided that immediately after the ULC Conversion and subject to clause (ii) below, the Obligations secured by the Collateral shall automatically include U.S. Obligations without further action of the parties, (ii) at any time prior to the Kildair Subsidiary Election, the Collateral shall not include any properties or assets of Transit P.M. ULC and Wintergreen Transport Corporation ULC nor any Capital Stock of Transit P.M. ULC or Wintergreen Transport Corporation ULC and such properties, assets or Capital Stock shall not secure any Obligations; provided that immediately after the Kildair Subsidiary Election, the Collateral shall include such assets, properties and Capital Stock Obligations as security for the Obligations without further action of the parties, and (iii) with respect to any Exempt CFC acquired or formed by a Grantor after the date hereof, the security interest granted under this Agreement in the voting Capital Stock of such Exempt CFC which secured the U.S. Obligations shall be limited to 65% of the voting Capital Stock of such Exempt CFC. CANADIAN SECURITY AGREEMENT
Limitation of Obligations. 13.1 Interactive is not liable to the Customer for any delays, loss or liability suffered by the Customer where a system or the Services become unavailable due to a communication network failure, or other such causes, beyond the control of Interactive.
