Common use of Limitation on Liability; Termination, Release and Discharge Clause in Contracts

Limitation on Liability; Termination, Release and Discharge. (a) The obligations of any Guarantor will be limited to the maximum amount as will, after giving effect to all other contingent and fixed liabilities of such Guarantor and after giving effect to any collections from or payments made by or on behalf of any other Guarantor in respect of the obligations of such other Guarantor under its Security Guarantee or pursuant to its contribution obligations under this Indenture, result in the obligations of such Guarantor under its Security Guarantee not constituting a fraudulent conveyance or fraudulent transfer under federal or state law.

Appears in 6 contracts

Samples: Indenture (Keurig Dr Pepper Inc.), Indenture (Keurig Dr Pepper Inc.), Indenture (Dr Pepper Snapple Group, Inc.)

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Limitation on Liability; Termination, Release and Discharge. (a) The obligations of any Guarantor will be limited to the maximum amount as will, after giving effect to all other contingent and fixed liabilities of such Guarantor and after giving effect to any collections from or payments made by or on behalf of any other Guarantor in respect of the obligations of such other Guarantor under its Security Securities Guarantee or pursuant to its contribution obligations under this Indenture, result in the obligations of such Guarantor under its Security Securities Guarantee not constituting a fraudulent conveyance or fraudulent transfer under federal or state law.

Appears in 3 contracts

Samples: Senior Indenture (Flowserve Holdings Inc), Senior Indenture (Plymouth Products, Inc.), Senior Indenture (Flowserve Corp)

Limitation on Liability; Termination, Release and Discharge. (a) The obligations of any each Guarantor hereunder will be limited to the maximum amount as will, after giving effect to all other contingent and fixed liabilities of such Guarantor and after giving effect to any collections from or payments made by or on behalf of any other Guarantor in respect of the obligations of such other Guarantor under its Security Guarantee or pursuant to its contribution obligations under this Indenture, result in the obligations of such Guarantor under its Security Guarantee not constituting a fraudulent conveyance or fraudulent transfer under federal or state law.

Appears in 3 contracts

Samples: Indenture (Mariner Gulf of Mexico LLC), Indenture (Mariner Gulf of Mexico LLC), Indenture (Mariner Energy Inc)

Limitation on Liability; Termination, Release and Discharge. (a) The obligations of any each Guarantor hereunder will be limited to the maximum amount as will, after giving effect to all other contingent and fixed liabilities of such Guarantor and after giving effect to any collections from or payments made by or on behalf of any other Guarantor in respect of the obligations of such other Guarantor under its Security Note Guarantee or pursuant to its contribution obligations under this Indenture, result in the obligations of such Guarantor under its Security Note Guarantee not constituting a fraudulent conveyance or fraudulent transfer under federal or state law.

Appears in 2 contracts

Samples: Indenture (Tronox Inc), Tronox (Tronox Inc)

Limitation on Liability; Termination, Release and Discharge. (a) The obligations of any Guarantor will be limited to the maximum amount as will, after giving effect to all other contingent and fixed liabilities of such Guarantor and after giving effect to any collections from or payments made by or on behalf of any other Guarantor in respect of the obligations of such other Guarantor under its Security Securities Guarantee or pursuant to its contribution obligations under this Indenture, result in the obligations of such Guarantor under its Security Securities Guarantee not constituting a fraudulent conveyance or fraudulent transfer under federal applicable federal, state or state foreign law.

Appears in 1 contract

Samples: Urs Corp /New/

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Limitation on Liability; Termination, Release and Discharge. (a) The obligations of any each Guarantor hereunder will be limited to the maximum amount as will, after giving effect to all other contingent and fixed liabilities of such Guarantor and after giving effect to any collections from or payments made by or on behalf of any other Guarantor in respect of the obligations of such other Guarantor under its Security Subsidiary Guarantee or pursuant to its contribution obligations under this Indenture, result in the obligations of such Guarantor under its Security Subsidiary Guarantee not constituting a fraudulent conveyance or fraudulent transfer under U.S. federal or state law.

Appears in 1 contract

Samples: Indenture (Movie Gallery Inc)

Limitation on Liability; Termination, Release and Discharge. (ai) The obligations of any each Guarantor hereunder will be limited to the maximum amount as will, after giving effect to all other contingent and fixed liabilities of such Guarantor and after giving effect to any collections from or payments made by or on behalf of any other Guarantor in respect of the obligations of such other Guarantor under its Security Subsidiary Guarantee or pursuant to its contribution obligations under this Indenturehereunder, result in the obligations of such Guarantor under its Security Subsidiary Guarantee not constituting a fraudulent conveyance or fraudulent transfer under federal or state law.

Appears in 1 contract

Samples: Term Loan and Security Agreement (Venoco, Inc.)

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