Common use of Limit on Recovery Clause in Contracts

Limit on Recovery. Notwithstanding any other provision hereof, the right of recovery against each Loan Party under this Section 11 shall not exceed $1.00 less than the lowest amount which would render such Loan Party’s obligations under this Section 11 void or voidable under applicable law, including, without limitation, fraudulent conveyance law.

Appears in 6 contracts

Samples: Credit Agreement (Willdan Group, Inc.), Credit Agreement (Performant Financial Corp), Credit Agreement (Performant Financial Corp)

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Limit on Recovery. Notwithstanding any other provision hereof, the right of recovery against each Loan Party under this Section 11 Article 10 shall not exceed $1.00 less than the lowest amount which would render such Loan Party’s obligations under this Section 11 Article 10 void or voidable under applicable law, including, without limitation, fraudulent conveyance law.

Appears in 1 contract

Samples: Credit Agreement (Lendway, Inc.)

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