Common use of Guarantee Limitations Clause in Contracts

Guarantee Limitations. This guarantee does not apply to any liability to the extent that it would result in this guarantee constituting unlawful financial assistance within the meaning of sections 678 or 679 of the Companies Xxx 0000.

Appears in 5 contracts

Samples: Settlement Agreement, Settlement Agreement, Settlement Agreement

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Guarantee Limitations. This guarantee does not apply to any liability to the extent that it would result in this guarantee constituting unlawful financial assistance within the meaning of sections 678 or 679 of the Companies Xxx 00000000 or any equivalent and applicable provisions under the laws of the Original Jurisdiction of the relevant Guarantor and, with respect to any Additional Guarantor, is subject to any limitations set out in the Accession Deed applicable to such Additional Guarantor.

Appears in 4 contracts

Samples: Secured Subordinated Notes Facility Agreement, Note Purchase Agreement, Facility Agreement (Global Ship Lease, Inc.)

Guarantee Limitations. This guarantee does not apply to any liability to the extent that it would result in this guarantee constituting unlawful financial assistance within the meaning of sections 678 or 679 of the Companies Xxx 00000000 or any equivalent and applicable provisions under the laws of the jurisdiction of incorporation of the relevant Guarantor and, with respect to any Additional Guarantor, is subject to any limitations set out in the Accession Deed applicable to such Additional Guarantor.

Appears in 3 contracts

Samples: Term Facility Agreement (Enstar Group LTD), Revolving Facility Agreement (Penske Automotive Group, Inc.), Facility Agreement (Cascal N.V.)

Guarantee Limitations. This guarantee does not apply to any liability to the extent that it would result in this guarantee constituting unlawful financial assistance within the meaning of sections 678 or 679 of the Companies Xxx 00000000 or any equivalent and applicable provisions under the laws of the jurisdiction of incorporation or organization of the relevant Guarantor and, with respect to any Additional Guarantor, is subject to any limitations set out in the Accession Deed applicable to such Additional Guarantor.

Appears in 3 contracts

Samples: Supplemental Agreement (Iridium Communications Inc.), Loan Agreement (Iridium Communications Inc.), Facility Agreement (Iridium Communications Inc.)

Guarantee Limitations. This guarantee does not apply to any liability to the extent that it would result in this guarantee constituting unlawful financial assistance within the meaning of sections 678 or 679 of the Companies Xxx 0000Axx 0000 or any equivalent and applicable provisions under the laws of the jurisdiction of incorporation or organization of the relevant Guarantor and, with respect to any Additional Guarantor, is subject to any limitations set out in the Accession Deed applicable to such Additional Guarantor.

Appears in 2 contracts

Samples: Supplemental Agreement (Iridium Communications Inc.), Supplemental Agreement (Iridium Communications Inc.)

Guarantee Limitations. 0080105-0000405 PA:20488617.7 94 This guarantee does not apply to any liability to the extent that it would result in this guarantee constituting unlawful financial assistance within the meaning of sections 678 or 679 of the Companies Xxx 00000000 or any equivalent and applicable provisions under the laws of the jurisdiction of incorporation or organization of the relevant Guarantor and, with respect to any Additional Guarantor, is subject to any limitations set out in the Accession Deed applicable to such Additional Guarantor.

Appears in 1 contract

Samples: Supplemental Agreement (Iridium Communications Inc.)

Guarantee Limitations. This guarantee does not apply to any liability to the extent that it would result in this guarantee constituting unlawful financial assistance within the meaning of sections 678 or 679 Section 151 of the Companies Xxx 00000000 or any equivalent and applicable provisions under the laws of the jurisdiction of incorporation of the relevant Guarantor and, with respect to any Additional Guarantor, is subject to any limitations set out in the Accession Letter applicable to such Additional Guarantor.

Appears in 1 contract

Samples: Facility Agreement (Edgen Murray PLC)

Guarantee Limitations. This guarantee Guarantee does not apply to any liability to the extent that it would result in this guarantee Guarantee constituting unlawful financial assistance within the meaning of sections 678 or 679 Section 151 of the Companies Xxx 0000.0000 or any equivalent and applicable provisions under the laws of the jurisdiction of incorporation of the relevant Guarantor and, with respect to any Additional Guarantor, is subject to any limitations set out in the Accession Letter applicable to such Additional Guarantor. Back to Contents

Appears in 1 contract

Samples: Multicurrency Revolving Facility Agreement (Wolseley PLC)

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Guarantee Limitations. This guarantee does not apply to any liability to the extent that it would result in this guarantee constituting unlawful financial assistance within the meaning of sections 678 or 679 of the Companies Xxx 00000000 or any equivalent and applicable provisions under the laws of the jurisdiction of incorporation of the relevant Guarantor and, with respect to any Additional Guarantor, is subject to any limitations set out in the Debtor/Guarantor Accession Deed applicable to such Additional Guarantor. Section 6 Proceeds and Equalisation

Appears in 1 contract

Samples: Intercreditor Agreement

Guarantee Limitations. general This guarantee does not apply to any liability to the extent that it would result in this guarantee constituting unlawful financial assistance within the meaning of sections Section 678 or 679 of the Companies Xxx 0000Act 2006 or any equivalent provision of any applicable law.

Appears in 1 contract

Samples: Commitment Letter

Guarantee Limitations. This guarantee does not apply to any liability to the extent that it would result in this guarantee constituting unlawful financial assistance within the meaning of sections section 678 or 679 of the Companies Xxx 00000000 or any applicable provisions under the laws of the Original Jurisdiction of incorporation of the relevant guarantor and, with respect to any Additional Guarantor, is subject to any limitations set out in the Accession Letter applicable to such Additional Guarantor.

Appears in 1 contract

Samples: Facility Agreement (Central European Distribution Corp)

Guarantee Limitations. This guarantee does not apply to any liability to the extent that it would result in this guarantee constituting unlawful financial assistance within the meaning of sections 678 or 679 of the Companies Xxx 0000.0000 or any equivalent and applicable provisions under the laws of the jurisdiction of incorporation of the relevant Guarantor and, with respect to any Additional Guarantor, is subject to any limitations agreed with the Agent and as set out in the Accession Letter applicable to such Additional Guarantor

Appears in 1 contract

Samples: Senior Term and Revolving Facilities Agreement (Melrose PLC)

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