Common use of Avoidance Limitation Clause in Contracts

Avoidance Limitation. The obligations of Guarantors under this Guaranty shall be limited to an aggregate amount equal to the largest amount that would not render its obligations under this Guaranty subject to avoidance under Section 548 of the U.S. Bankruptcy Code or any comparable provisions of any applicable state law.

Appears in 3 contracts

Samples: Corporate Guaranty (Vertex Energy Inc.), Vertex Energy Inc., Deep Down, Inc.

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Avoidance Limitation. The obligations of Guarantors Guarantor under this Guaranty shall be limited to an aggregate amount equal to the largest amount that would not render its obligations under this Guaranty subject to avoidance under Section 548 of the U.S. Bankruptcy Code or any comparable provisions of any applicable state law.

Appears in 1 contract

Samples: Purchase Agreement (Gulf United Energy, Inc.)

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