Common use of Maximum Guaranteed Amount Clause in Contracts

Maximum Guaranteed Amount. The creation or existence from time to time of Guaranteed Obligations in excess of the amount committed to or outstanding on the date of this Guaranty is hereby authorized, without notice to the Guarantor, and shall in no way impair or affect this Guaranty or the rights of the Administrative Agent or any of the other Secured Parties herein. The Guarantor hereby unconditionally and irrevocably waives any right to revoke this Guaranty and acknowledges that this Guaranty is continuing in nature and applies to all Guaranteed Obligations, whether existing now or in the future. The Guarantor agrees that the obligations guaranteed hereunder may at any time and from time to time exceed the Maximum Guaranteed Liability of the Guarantor, without impairing its liability under this Guaranty or affecting the rights and remedies of the Administrative Agent or any of the other Secured Parties hereunder but that the Guarantor’s obligations hereunder shall be in, but not in excess of, the Maximum Guaranteed ▇▇▇▇▇▇▇▇▇. “Maximum Guaranteed Liability” means, with respect to the Guarantor, the maximum amount that could be paid by the Guarantor without rendering this Guaranty void or voidable as would be permitted by a court of competent jurisdiction in any action or proceeding involving any Debtor Relief Laws.