Common use of Limitation of Guaranty Clause in Contracts

Limitation of Guaranty. Notwithstanding any provision to the contrary contained herein or in any of the other Operative Agreements, to the extent the obligations of any Guarantor shall be adjudicated to be invalid or unenforceable for any reason (including without limitation because of any applicable state or federal law relating to fraudulent conveyances or transfers) then the obligations of such Guarantor hereunder shall be limited to the maximum amount that is permissible under applicable law (whether federal or state and including without limitation the Bankruptcy Code). Subject to Section 6B.5, upon the satisfaction of the Company Obligations in full, regardless of the source of payment, the Guarantors' obligations hereunder shall be deemed satisfied, discharged and terminated other than indemnifications set forth herein that expressly survive.

Appears in 15 contracts

Samples: Participation Agreement (Acxiom Corp), Participation Agreement (Us Foodservice/Md/), Participation Agreement (Veritas Software Corp /De/)

AutoNDA by SimpleDocs

Limitation of Guaranty. Notwithstanding any provision to the contrary contained herein or in any of the other Operative Agreements, to the extent the obligations of any the Guarantor shall be adjudicated to be invalid or unenforceable for any reason (including without limitation because of any applicable state or federal law relating to fraudulent conveyances or transfers) then the obligations of such the Guarantor hereunder shall be limited to the maximum amount that is permissible under applicable law (whether federal or state and including without limitation the Bankruptcy Code). Subject to Section 6B.51.5, upon the satisfaction of the Company Obligations in full, regardless of the source of payment, the Guarantors' Guarantor's obligations hereunder shall be deemed satisfied, discharged and terminated other than indemnifications set forth herein that expressly survive.

Appears in 1 contract

Samples: Capital One Financial Corp

Limitation of Guaranty. Notwithstanding any provision to the contrary contained herein or in any of the other Operative Agreements, to the extent the obligations of any the Guarantor shall be adjudicated to be invalid or unenforceable for any reason (including without limitation because of any applicable state or federal law relating to fraudulent conveyances or transfers) then the obligations of such the Guarantor hereunder shall be limited to the maximum amount that is permissible under applicable law (whether federal or state and including without limitation the Bankruptcy Code). Subject to Section 6B.5, upon the satisfaction of the Company Obligations and the Lessor Obligations in full, regardless of the source of payment, the Guarantors' Guarantor’s obligations hereunder shall be deemed satisfied, discharged and terminated other than indemnifications set forth herein that expressly survive.

Appears in 1 contract

Samples: Participation Agreement (Healthsouth Corp)

Limitation of Guaranty. Notwithstanding any provision to the contrary contained herein or in any of the other Operative Agreements, to the extent the obligations of any Guarantor Company Obligations shall be adjudicated to be invalid or unenforceable for any reason (including without limitation because of any applicable state or federal law relating to fraudulent conveyances or transfers) then the obligations of such Guarantor US Oncology hereunder shall be limited to the maximum amount that is permissible under applicable law (whether federal or state and including without limitation the Bankruptcy Code). Subject to Section 6B.58C.5, upon the satisfaction of the Company Obligations in full, regardless of the source of payment, the Guarantors' US Oncology's obligations hereunder shall be deemed satisfied, discharged and terminated other than indemnifications set forth herein that expressly survive.

Appears in 1 contract

Samples: Credit Agreement (Us Oncology Inc)

AutoNDA by SimpleDocs

Limitation of Guaranty. Notwithstanding any provision to the contrary contained herein or in any of the other Operative Agreements, to the extent the obligations of any the Guarantor shall be adjudicated to be invalid or unenforceable for any reason (including without limitation because of any applicable state or federal law relating to fraudulent conveyances or transfers) then the obligations of such the Guarantor hereunder shall be limited to the maximum amount that is permissible under applicable law (whether federal or state and including without limitation the Bankruptcy Code). Subject to Section 6B.5, upon the satisfaction of the Company Obligations in full, regardless of the source of payment, the Guarantors' Guarantor's obligations hereunder shall be deemed satisfied, discharged and terminated other than indemnifications set forth herein that expressly survive.

Appears in 1 contract

Samples: Participation Agreement (Performance Food Group Co)

Time is Money Join Law Insider Premium to draft better contracts faster.