Common use of Fraudulent Transfer Laws Clause in Contracts

Fraudulent Transfer Laws. Anything contained in this Section 2.24 to the contrary notwithstanding, the obligations of each Borrower under this Section 2.24 shall be limited to a maximum aggregate amount equal to the largest amount that would not render its obligations hereunder subject to avoidance as a fraudulent transfer or conveyance under Section 548 of Title 11 of the United States Code or any applicable provisions of comparable state law (collectively, the "Fraudulent Transfer Laws"), in each case after giving effect to all other liabilities of such Borrower, contingent or otherwise, that are relevant under the Fraudulent Transfer Laws and after giving effect as assets to the value (as determined under the applicable provisions of the Fraudulent Transfer Laws) of any rights to subrogation, reimbursement, indemnification or contribution of such Borrower pursuant to applicable law or pursuant to the terms of any agreement.

Appears in 2 contracts

Samples: Revolving Credit Agreement (Maxxam Inc), Term Loan Agreement (Maxxam Inc)

AutoNDA by SimpleDocs

Fraudulent Transfer Laws. Anything contained in this Section 2.24 to the contrary notwithstanding, the obligations of each Borrower under this Section 2.24 shall be limited to a maximum aggregate amount equal to the largest amount that would not render its obligations hereunder subject to avoidance as a fraudulent transfer or conveyance under Section 548 of Title 11 of the United States Code or any applicable provisions of comparable state law (collectively, the "Fraudulent Transfer Laws"), in each case after giving effect to all other liabilities of such Borrower, contingent or otherwise, that are relevant under the Fraudulent Transfer Laws and after giving effect as assets to the value (as determined under the applicable provisions of the Fraudulent Transfer Laws) of any rights to subrogation, reimbursement, indemnification or contribution of such Borrower pursuant to applicable law or pursuant to the terms of any agreement.

Appears in 1 contract

Samples: Term Loan Agreement (Maxxam Inc)

Fraudulent Transfer Laws. Anything contained in this Section 2.24 2.25 to the contrary notwithstanding, the obligations of each Borrower under this Section 2.24 2.25 shall be limited to a maximum aggregate amount equal to the largest amount that would not render its obligations hereunder subject to avoidance as a fraudulent transfer or conveyance under Section 548 of Title 11 of the United States Code or any applicable provisions of comparable state law (collectively, the "Fraudulent Transfer Laws"), in each case after giving effect to all other liabilities of such Borrower, contingent or otherwise, that are relevant under the Fraudulent Transfer Laws and after giving effect as assets to the value (as determined under the applicable provisions of the Fraudulent Transfer Laws) of any rights to subrogation, reimbursement, indemnification or contribution of such Borrower pursuant to applicable law or pursuant to the terms of any agreement.

Appears in 1 contract

Samples: Revolving Credit Agreement (Maxxam Inc)

AutoNDA by SimpleDocs

Fraudulent Transfer Laws. Anything contained in this Section 2.24 2.25 to the contrary notwithstanding, the obligations of each Borrower under this Section 2.24 2.25 shall be limited to a maximum aggregate amount equal to the largest amount that would not render its obligations hereunder subject to avoidance as a fraudulent transfer or conveyance under Section 548 of Title 11 of the United States Code or any applicable provisions of comparable state law (collectively, the "Fraudulent Transfer Laws"), in each case after giving effect to all other liabilities of such Borrower, contingent or otherwise, that are relevant under the Fraudulent Transfer Laws and after giving effect as assets to the value (as determined under the applicable provisions of the Fraudulent Transfer Laws) of any rights to subrogation, reimbursement, indemnification or contribution of such Borrower pursuant to applicable law or pursuant to the terms of any agreement.

Appears in 1 contract

Samples: Revolving Credit Agreement (Maxxam Inc)

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