Common use of Limit on Recovery Clause in Contracts

Limit on Recovery. Notwithstanding any other provision hereof, the right of recovery against each Guarantor under this Article IX shall not exceed the amount that is $1.00 less than the lowest amount that would render such Guarantor’s obligations under this Article IX void or voidable under applicable law, including, without limitation, applicable fraudulent conveyance, fraudulent transfer or similar laws.

Appears in 1 contract

Samples: Senior Subordinated Note Purchase and Security Agreement (Physicians Formula Holdings, Inc.)

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Limit on Recovery. 98 Notwithstanding any other provision hereof, the right of recovery against each Guarantor under this Article IX XI shall not exceed the amount that is $1.00 less than the lowest amount that which would render such Guarantor’s obligations under this Article IX XI void or voidable under applicable law, including, without limitation, applicable including fraudulent conveyance, fraudulent transfer or similar lawsconveyance law.

Appears in 1 contract

Samples: Credit Agreement (Tiptree Inc.)

Limit on Recovery. Notwithstanding any other provision hereof, the right of recovery against each Guarantor under this Article IX XI shall not exceed the amount that is $1.00 less than the lowest amount that which would render such Guarantor’s obligations under this Article IX XI void or voidable under applicable law, including, without limitation, applicable including fraudulent conveyance, fraudulent transfer or similar lawsconveyance law.

Appears in 1 contract

Samples: Credit Agreement (Fortegra Group, Inc)

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Limit on Recovery. Notwithstanding any other provision hereof, the right of recovery against each Guarantor under this Article IX XV shall not exceed the amount that is $1.00 less than the lowest amount that which would render such Guarantor’s obligations under this Article IX XV void or voidable under applicable law, including, without limitation, applicable fraudulent conveyance, fraudulent transfer or similar lawsconveyance law. Section 15.8.

Appears in 1 contract

Samples: Credit Agreement (Runway Growth Finance Corp.)

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