Maximum Guaranteed Amount. Anything herein or in any other document, instrument or agreement executed and delivered in connection herewith to the contrary notwithstanding, the maximum individual liability of each Guarantor hereunder as at any date of determination thereof shall in no event exceed $1.00 less than the amount which would render such Guarantor's obligations under this Article VIII void or voidable under applicable law, including without limitation, fraudulent conveyance law.
Appears in 2 contracts
Sources: Revolving Credit and Guaranty Agreement (Carson Pirie Scott & Co /Il/), Revolving Credit and Guaranty Agreement (Carson Pirie Scott & Co /Il/)
Maximum Guaranteed Amount. Anything herein or in any other document, instrument or agreement executed and delivered in connection herewith to the contrary notwithstanding, the maximum individual liability of each Guarantor hereunder as at any date of determination thereof shall in no event exceed $1.00 less than the amount which would render such Guarantor's obligations under this Article VIII Section 8 void or voidable under applicable law, including without limitation, limitation fraudulent conveyance law.
Appears in 1 contract
Sources: Revolving Credit and Guaranty Agreement (Carson Pirie Scott & Co /Il/)