Common use of ADJUSTMENTS TO MAXIMUM LIABILITY Clause in Contracts

ADJUSTMENTS TO MAXIMUM LIABILITY. Anything in this Section 17 to -------------------------------- the contrary notwithstanding, in no event shall the amount of the Debt secured by this Agreement as set forth in subsections 17.1 through 17.4 hereof exceed the Incurred Amount; and further provided that, if a greater amount of the Debt than the maximum liability set forth in this Section 17, (a) could be secured by Pledgor as a result of an increase in Pledgor's Adjusted Net Worth subsequent to the date of this Agreement, and (b) is equal to or less than the Incurred Amount, then the amount of Pledgor's maximum liability calculated in subsection 17.1 hereof shall be calculated based upon Pledgor's Adjusted Net Worth on such later date, rather than the date of execution of this Agreement. 106

Appears in 1 contract

Samples: Credit Agreement (Oglebay Norton Co /New/)

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ADJUSTMENTS TO MAXIMUM LIABILITY. Anything in this Section 17 19 to -------------------------------- the contrary notwithstanding, in no event shall the amount of the Debt secured by this Agreement as set forth in subsections 17.1 19.1 through 17.4 19.4 hereof exceed the Incurred Amount; and further provided that, if a greater amount of the Debt than the maximum liability set forth in this Section 1719, (a) could be secured by Pledgor as a result of an increase in Pledgor's Adjusted Net Worth subsequent to the date of this Agreement, and (b) is equal to or less than the Incurred Amount, then the amount of Pledgor's maximum liability calculated in subsection 17.1 19.1 hereof shall be calculated based upon Pledgor's Adjusted Net Worth on such later date, rather than the date of execution of this Agreement. 106.

Appears in 1 contract

Samples: Credit Agreement (Oglebay Norton Co /New/)

ADJUSTMENTS TO MAXIMUM LIABILITY. Anything in this Section 17 to -------------------------------- the contrary notwithstanding, in no event shall the amount of the Debt secured by this Agreement as set forth in subsections 17.1 through 17.4 hereof exceed the Incurred Amount; and further provided that, if a greater amount of the Debt than the maximum liability set forth in this Section 17, (a) could be secured by Pledgor as a result of an increase in Pledgor's Adjusted Net Worth subsequent to the date of this Agreement, and (b) is equal to or less than the Incurred Amount, then the amount of Pledgor's maximum liability calculated in subsection 17.1 hereof shall be calculated based upon PledgorXxxxxxx's Adjusted Net Worth on such later date, rather than the date of execution of this Agreement. 106.

Appears in 1 contract

Samples: Loan Agreement (Oglebay Norton Co /New/)

ADJUSTMENTS TO MAXIMUM LIABILITY. Anything in this Section 17 19 to -------------------------------- the contrary notwithstanding, in no event shall the amount of the Debt secured by this Agreement as set forth in subsections 17.1 19.1 through 17.4 19.4 hereof exceed the Incurred Amount; and further provided that, if a greater amount of the Debt than the maximum liability set forth in this Section 1719, (a) could be secured by Pledgor as a result of an increase in Pledgor's Adjusted Net Worth subsequent to the date of this Agreement, and (b) is equal to or less than the Incurred Amount, then the amount of Pledgor's maximum liability calculated in subsection 17.1 19.1 hereof shall be calculated based upon PledgorXxxxxxx's Adjusted Net Worth on such later date, rather than the date of execution of this Agreement. 106

Appears in 1 contract

Samples: Loan Agreement (Oglebay Norton Co /New/)

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ADJUSTMENTS TO MAXIMUM LIABILITY. Anything in this Section 17 9 to -------------------------------- the --------------------------------- contrary notwithstanding, in no event shall the amount of the Debt secured by this Agreement as set forth in subsections 17.1 9.1 through 17.4 9.4 hereof exceed the Incurred Amount; and further provided that, if a greater amount of the Debt than the maximum liability set forth in this Section 179, (a) could be secured by Pledgor as a result of an increase in Pledgor's Adjusted Net Worth subsequent to the date of this Agreementhereof, and (b) is equal to or less than the Incurred Amount, then the amount of Pledgor's maximum liability calculated in subsection 17.1 9.1 hereof shall be calculated based upon PledgorXxxxxxx's Adjusted Net Worth on such later date, rather than the date of execution of this Agreement. 106.

Appears in 1 contract

Samples: Loan Agreement (Oglebay Norton Co /New/)

ADJUSTMENTS TO MAXIMUM LIABILITY. Anything in this Section 17 9 to -------------------------------- the --------------------------------- contrary notwithstanding, in no event shall the amount of the Debt secured by this Agreement as set forth in subsections 17.1 9.1 through 17.4 9.4 hereof exceed the Incurred Amount; and further provided that, if a greater amount of the Debt than the maximum liability set forth in this Section 179, (a) could be secured by Pledgor as a result of an increase in Pledgor's Adjusted Net Worth subsequent to the date of this Agreementhereof, and (b) is equal to or less than the Incurred Amount, then the amount of Pledgor's maximum liability calculated in subsection 17.1 9.1 hereof shall be calculated based upon Pledgor's Adjusted Net Worth on such later date, rather than the date of execution of this Agreement. 106.

Appears in 1 contract

Samples: Credit Agreement (Oglebay Norton Co /New/)

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