Common use of Limits of Guarantee Clause in Contracts

Limits of Guarantee. Notwithstanding anything to the contrary in this Section Three, it is the intention that the Guarantee not constitute a fraudulent conveyance under applicable fraudulent conveyance provisions of the United States Bankruptcy Code or any comparable provision of state law. To effectuate the foregoing intention, the Trustee, and the Guarantor hereby irrevocably agree that the obligations of the Guarantor under the Guarantee and this Section Three shall be limited to the maximum amount that would not render the Guarantor's obligations subject to avoidance under applicable fraudulent conveyance provisions of the United States Bankruptcy Code or any comparable provision of state law.

Limits of Guarantee. Notwithstanding anything to the contrary in this Section Three, it is the intention that the Guarantee not constitute a fraudulent conveyance under applicable fraudulent conveyance provisions of the United States Bankruptcy Code or any comparable provision of state law. To effectuate the foregoing intention, the Trustee, and the Guarantor hereby irrevocably agree that the obligations of the Guarantor under the Guarantee and this Section Three shall be limited to the maximum amount that would not render the Guarantor's ,s obligations subject to avoidance under applicable fraudulent conveyance provisions of the United States Bankruptcy Code or any comparable provision of state law.