Common use of Cap Clause in Contracts

Cap. Notwithstanding any other term or condition of this Agreement, the Parent Guarantor’s maximum liability under this Agreement, shall not exceed the Cap, without giving effect to any amounts owing by the Parent Guarantor pursuant to Section 11 herein. For the avoidance of doubt, the Cap applies to the Guaranteed Obligations in the aggregate, and not individually in respect of each of the Guaranteed Term Loan Obligations and the Guaranteed Revolving Credit Obligations.

Appears in 5 contracts

Samples: www.sec.gov, Revolving Credit Agreement (PBF Logistics LP), Guaranty of Collection (PBF Energy Inc.)

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