Common use of Limitation of Guarantee Clause in Contracts

Limitation of Guarantee. The obligations of each Guarantor will be limited to the maximum amount as will, after giving effect to all other contingent and fixed liabilities of such Guarantor and after giving effect to any collections from or payments made by or on behalf of any other Guarantor in respect of the obligations of such other Guarantor under its Guarantee or pursuant to its contribution obligations under this Indenture, result in the obligations of such Guarantor under the Guarantee not constituting a fraudulent conveyance or fraudulent transfer under Federal or state law. Each Guarantor that makes a payment or distribution under a Guarantee shall be entitled to a contribution from each other Guarantor in a pro rata amount based on the Adjusted Net Assets of each Guarantor.

Appears in 15 contracts

Samples: Indenture (Superior Essex Inc), Indenture (Genesis Health Ventures Inc /Pa), Indenture (Unison Healthcare Corp)

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Limitation of Guarantee. The obligations of each Guarantor will be are limited to the maximum amount as will, after giving effect to all other contingent and fixed liabilities of such Guarantor and after giving effect to any collections from or payments made by or on behalf of any other Guarantor in respect of the obligations of such other Guarantor under its Guarantee or pursuant to its contribution obligations under this Indenture, result in the obligations of such Guarantor under the its Guarantee not constituting a fraudulent conveyance or fraudulent transfer under Federal federal or state law. Each Guarantor that makes a payment or distribution under a Guarantee shall be entitled to a contribution from each other Guarantor in a pro rata amount based on the Adjusted Net Assets of each Guarantor.

Appears in 10 contracts

Samples: Indenture (Phibro Animal Health Corp), Indenture (Affiliate Investment, Inc.), Indenture (Meritage Homes CORP)

Limitation of Guarantee. The obligations of each Guarantor will be are limited to the maximum amount as will, after giving effect to all other contingent and fixed liabilities of such Guarantor and after giving effect to any collections from or payments made by or on behalf of any other Guarantor in respect of the obligations of such other Guarantor under its Guarantee or pursuant to its contribution obligations under this the Indenture, result in the obligations of such Guarantor under the Guarantee not constituting a fraudulent conveyance or fraudulent transfer under Federal federal or state law. Each Guarantor that makes a payment or distribution under a Guarantee shall be entitled to a contribution from each other Guarantor in a pro rata PRO RATA amount based on the Adjusted Net Assets net assets of each Guarantor, determined in accordance with GAAP.

Appears in 8 contracts

Samples: Third Supplemental Indenture (Catalyst Paper Corp), Second Supplemental Indenture (Catalyst Paper Corp), Third Supplemental Indenture (Catalyst Paper Corp)

Limitation of Guarantee. The obligations of each Guarantor will be are limited to the maximum amount as will, after giving effect to all other contingent and fixed liabilities of such Guarantor and after giving effect to any collections from or payments made by or on behalf of any other Guarantor in respect of the obligations of such other Guarantor under its Guarantee or pursuant to its contribution obligations under this Indenture, result in the obligations of such Guarantor under the Guarantee not constituting a fraudulent conveyance or fraudulent transfer under Federal federal or state law. Each Guarantor that makes a payment or distribution under a Guarantee shall be entitled to a contribution from each other Guarantor in a pro rata amount based on the Adjusted Net Assets net assets of each Guarantor, determined in accordance with GAAP.

Appears in 7 contracts

Samples: Indenture (Catalyst Paper Corp), Indenture (Catalyst Paper Corp), Indenture (Norske Skog Canada LTD)

Limitation of Guarantee. The obligations of each Guarantor will be are limited to the maximum amount as will, after giving effect to all other contingent and fixed liabilities of such Guarantor and after giving effect to any collections from or payments made by or on behalf of any other Guarantor in respect of the obligations of such other Guarantor under its Guarantee or pursuant to its contribution obligations under this Indenture, result in the obligations of such Guarantor under the Guarantee not constituting a fraudulent conveyance or fraudulent transfer under Federal federal or state law. Each Guarantor that makes a payment or distribution under a Guarantee shall be entitled to a contribution from each other Guarantor in a pro rata amount based on the Adjusted Net Assets of each Guarantor.

Appears in 5 contracts

Samples: Supplemental Indenture (Sandhills Inc), Indenture (Glasstech Inc), Indenture (Aoa Capital Corp)

Limitation of Guarantee. The obligations of each Guarantor will be are limited to the maximum amount as will, after giving effect to all other contingent and fixed liabilities of such Guarantor and after giving effect to any collections from or payments made by or on behalf of any other Guarantor in respect of the obligations of such other Guarantor under its Guarantee or pursuant to its contribution obligations under this the Indenture, result in the obligations of such Guarantor under the Guarantee not constituting a fraudulent conveyance or fraudulent transfer under Federal federal or state law. Each Guarantor that makes a payment or distribution under a Guarantee shall be entitled to a contribution from each other Guarantor in a pro rata amount based on the Adjusted Net Assets net assets of each Guarantor, determined in accordance with GAAP.

Appears in 5 contracts

Samples: Sixth Supplemental Indenture (Norske Skog Canada LTD), First Supplemental Indenture (Norske Skog Canada LTD), Fifth Supplemental Indenture (Norske Skog Canada LTD)

Limitation of Guarantee. The obligations of each Guarantor will be are limited to the maximum amount as will, after giving effect to all other contingent and fixed liabilities of such Guarantor and after giving effect to any collections from or payments made by or on behalf of any other Guarantor in respect of the obligations of such other Guarantor under its Guarantee or pursuant to its contribution obligations under this Indenture, result in the obligations of such Guarantor under the its Guarantee not constituting a fraudulent conveyance or fraudulent transfer under Federal federal or state law. Each Guarantor that makes a payment or distribution under a its Guarantee shall be entitled to a contribution from each other Guarantor in a pro rata amount based on the Adjusted Net Assets of each Guarantor.

Appears in 4 contracts

Samples: Indenture (Meritage Homes CORP), Indenture (Meritage Homes CORP), Indenture (Meritage Homes CORP)

Limitation of Guarantee. The obligations of each Guarantor will be are limited to the maximum amount as willshall, after giving effect to all other contingent and fixed liabilities of such Guarantor and after giving effect to any collections from or payments made by or on behalf of any other Guarantor in respect of the obligations of such other Guarantor under its Guarantee or pursuant to its contribution obligations under this Indenture, result in the obligations of such Guarantor under the Guarantee not constituting a fraudulent conveyance or fraudulent transfer under Federal federal or state law. Each Guarantor that makes a payment or distribution under a Guarantee shall be entitled to a contribution from each other Guarantor in a pro rata amount based on the Adjusted Net Assets net assets of each Guarantor, determined in accordance with GAAP.

Appears in 4 contracts

Samples: Indenture (PLBY Group, Inc.), Indenture (O Reilly Automotive Inc), Indenture (O Reilly Automotive Inc)

Limitation of Guarantee. The obligations of each Guarantor will be are limited to the maximum amount as willshall, after giving effect to all other contingent and fixed liabilities of such Guarantor and after giving effect to any collections from or payments made by or on behalf of any other Guarantor in respect of the obligations of such other Guarantor under its Guarantee or pursuant to its contribution obligations under this the Indenture, result in the obligations of such Guarantor under the Guarantee not constituting a fraudulent conveyance or fraudulent transfer under Federal federal or state law. Each Guarantor that makes a payment or distribution under a Guarantee shall be entitled to a contribution from each other Guarantor in a pro rata amount based on the Adjusted Net Assets net assets of each Guarantor, determined in accordance with GAAP.

Appears in 4 contracts

Samples: Second Supplemental Indenture (Advanced Micro Devices Inc), Fourth Supplemental Indenture (Advanced Micro Devices Inc), Fourth Supplemental Indenture (Xilinx Inc)

Limitation of Guarantee. The obligations of each Guarantor will be are limited to the maximum amount as will, after giving effect to all other contingent and fixed liabilities of such Guarantor and after giving effect to any collections from or payments made by or on behalf of any other Guarantor in respect of the obligations of such other Guarantor under its Note Guarantee or pursuant to its contribution obligations under this Indenture, result in the obligations of such Guarantor under the its Note Guarantee not constituting a fraudulent conveyance or fraudulent transfer under Federal federal or state law. Each Guarantor that makes a payment or distribution under a its Note Guarantee shall be entitled to a contribution from each other Guarantor in a pro rata amount based on the Adjusted Net Assets of each Guarantor.

Appears in 2 contracts

Samples: Indenture (Meritage Homes CORP), Indenture (Meritage Homes CORP)

Limitation of Guarantee. The obligations of each Guarantor will be are limited to the maximum amount as will, after giving effect to all other contingent and fixed liabilities of such Guarantor and after giving effect to any collections from or payments made by or on behalf of any other Guarantor in respect of the obligations of such other Guarantor under its Guarantee or pursuant to its contribution obligations under this Indenture, result in the obligations of such Guarantor under the Guarantee not constituting a fraudulent conveyance or fraudulent transfer under Federal federal or state law. Each Guarantor that makes a payment or distribution under a Guarantee shall be entitled to a contribution from each other Guarantor in a pro --- rata amount based on the Adjusted Net Assets of each Guarantor.. ----

Appears in 2 contracts

Samples: Indenture (Coaxial LLC), Indenture (Insight Communications of Central Ohio LLC)

Limitation of Guarantee. The obligations of each Guarantor will be are limited to the maximum amount as will, after giving effect to all other contingent and fixed liabilities of such Guarantor and after giving effect to any collections from or payments made by or on behalf of any other Guarantor in respect of the obligations of such other Guarantor under its Guarantee the Guaranty or pursuant to its contribution obligations under this IndentureAgreement, result in the obligations of such Guarantor under the Guarantee Guaranty not constituting a fraudulent conveyance or fraudulent transfer under Federal Israeli, or United States federal or state law. Each Guarantor that makes a payment or distribution under a Guarantee the Guaranty shall be entitled to a contribution from each other Guarantor in a pro rata amount based on the Adjusted Net Assets of each Guarantor.

Appears in 2 contracts

Samples: Term Loan Agreement, Term Loan Agreement (Phibro Animal Health Corp)

Limitation of Guarantee. The obligations obligation of each Guarantor will be are limited to the maximum amount as will, after giving effect to all other contingent and fixed liabilities of such Guarantor and after giving effect to any collections from or payments made by or on behalf of any other Guarantor in respect of the obligations of such other Guarantor under its Guarantee or pursuant to its contribution obligations under this Indenture, result in the obligations of such Guarantor under the Guarantee not constituting a fraudulent conveyance or fraudulent transfer under Federal federal or state law. Each Guarantor that makes a payment or distribution under a Guarantee shall be entitled to a contribution from each other Guarantor in a pro rata PRO RATA amount based on the Adjusted Net Assets net assets of each Guarantor, determined in accordance with GAAP.

Appears in 1 contract

Samples: Second Supplemental Indenture (Norske Skog Canada LTD)

Limitation of Guarantee. The obligations of each Guarantor will be are limited to the maximum amount as will, after giving effect to all other contingent and fixed liabilities of such Guarantor and after giving effect to any collections from or payments made by or on behalf of any other Guarantor in respect of the obligations of such other Guarantor under its Guarantee or pursuant to its contribution obligations under this Indenture, result in the obligations of such Guarantor under the Guarantee not constituting a fraudulent conveyance or fraudulent transfer under Federal federal, state or state applied foreign law. Each Guarantor that makes a payment or distribution under a Guarantee shall be entitled to a contribution from each other Guarantor in a pro rata amount based on the Adjusted Net Assets of each Guarantor.

Appears in 1 contract

Samples: Indenture (Morris Material Handling Inc)

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Limitation of Guarantee. The obligations of each Guarantor will be are limited to the maximum amount as will, after giving effect to all other contingent and fixed liabilities of such Guarantor and after giving effect to any collections from or payments made by or on behalf of any other Guarantor in respect of the obligations of such other Guarantor under its Guarantee the Guaranty or pursuant to its contribution obligations under this IndentureAgreement, result in the obligations of such Guarantor under the Guarantee Guaranty not constituting a fraudulent conveyance or fraudulent transfer under Federal federal or state law. Each Guarantor that makes a payment or distribution under a Guarantee the Guaranty shall be entitled to a contribution from each other Guarantor in a pro rata amount based on the Adjusted Net Assets of each Guarantor.

Appears in 1 contract

Samples: Term Loan Agreement (Phibro Animal Health Corp)

Limitation of Guarantee. The obligations of each Guarantor will be limited to the maximum amount as will, after giving effect to all other contingent and fixed liabilities of such Guarantor and after giving effect to any collections from or payments made by or on behalf of any other Guarantor in respect of the obligations of such other Guarantor under its Guarantee or pursuant to its contribution obligations under this Indenture, result in the obligations of such Guarantor under the Guarantee not constituting a fraudulent conveyance or fraudulent transfer under Federal or state law. Each Guarantor that makes a payment or distribution under a Guarantee shall be entitled to a contribution from each other Guarantor in a pro rata amount based on the Adjusted Net Assets of each Subsidiary Guarantor.

Appears in 1 contract

Samples: Indenture (Petro Stopping Centers L P)

Limitation of Guarantee. The obligations of each Guarantor will be are limited to the maximum amount as will, after giving effect to all other contingent and fixed liabilities of such Guarantor and after giving effect to any collections from or payments made by or on behalf of any other Guarantor in respect of the obligations of such other Guarantor under its Subsidiary Guarantee or pursuant to its contribution obligations under this Indenture, result in the obligations of such Guarantor under the Guarantee not constituting a fraudulent conveyance or fraudulent transfer under Federal federal or state law. Each Guarantor that makes a payment or distribution under a Guarantee shall be entitled to a contribution from each other Guarantor in a pro rata amount based on the Adjusted Net Assets net assets of each Guarantor, determined in accordance with GAAP.

Appears in 1 contract

Samples: Indenture (Elk Horn Coal Co LLC)

Limitation of Guarantee. The obligations of each Guarantor will be under its Guarantee are limited to the maximum amount as will, after giving effect to all other contingent and fixed liabilities of such Guarantor and after giving effect to any collections from or payments made by or on behalf of any other Guarantor in respect of the obligations of such other Guarantor under its Guarantee or pursuant to its contribution obligations under this Indenture, result in the obligations of such Guarantor under the its Guarantee not constituting a fraudulent conveyance or fraudulent transfer under Federal federal or state law. Each Guarantor that makes a payment or distribution under a its Guarantee shall be entitled to a contribution from each other Guarantor in a pro rata amount based on the Adjusted Net Assets of each Guarantorthe respective Guarantors.

Appears in 1 contract

Samples: Indenture (M/I Homes, Inc.)

Limitation of Guarantee. The obligations of each Guarantor will be are limited to the maximum amount as will, after giving effect to all other contingent and fixed liabilities of such Guarantor and after giving effect to any collections from or payments made by or on behalf of any other Guarantor in respect of the obligations of such other Guarantor under 118 its Guarantee or pursuant to its contribution obligations under this Indenture, result in the obligations of such Guarantor under the Guarantee not constituting a fraudulent conveyance or fraudulent transfer under Federal federal or state law. Each Guarantor that makes a payment or distribution under a Guarantee shall be entitled to a contribution from each other Guarantor in a pro rata amount based on the Adjusted Net Assets net assets of each Guarantor, determined in accordance with GAAP.

Appears in 1 contract

Samples: Indenture (Norske Skog Canada LTD)

Limitation of Guarantee. The obligations of each Guarantor will be are limited to the maximum amount as will, after giving effect to all other contingent and fixed liabilities of such Guarantor and after giving effect to any collections from or payments made by or on behalf of any other Guarantor in respect of the obligations of such other Guarantor under its Guarantee or pursuant to its contribution obligations under this Indenture, result in the 118 obligations of such Guarantor under the Guarantee not constituting a fraudulent conveyance or fraudulent transfer under Federal federal or state law. Each Guarantor that makes a payment or distribution under a Guarantee shall be entitled to a contribution from each other Guarantor in a pro rata amount based on the Adjusted Net Assets net assets of each Guarantor, determined in accordance with GAAP.

Appears in 1 contract

Samples: Indenture (Norske Skog Canada LTD)

Limitation of Guarantee. The obligations of each Guarantor will be are limited to the maximum amount as will, after giving effect to all other contingent and fixed liabilities of such Guarantor and after giving effect to any collections from or payments made by or on behalf of any other Guarantor in respect of the obligations of such other Guarantor under its Guarantee or pursuant to its contribution obligations under this Indenture, result in the obligations of such Guarantor under the Guarantee not constituting a fraudulent conveyance or fraudulent transfer under Federal federal or state law. Each Guarantor that makes a payment or distribution under a Guarantee shall be entitled to a contribution from each other Guarantor in a pro rata PRO RATA amount based on the Adjusted Net Assets net assets of each Guarantor, determined in accordance with GAAP.

Appears in 1 contract

Samples: Indenture (Norske Skog Canada LTD)

Limitation of Guarantee. The obligations of each Guarantor will be limited to the maximum amount as will, after giving effect to all other contingent and fixed liabilities of such Guarantor and after giving effect to any collections from or payments made by or on behalf of any other Guarantor in respect of the obligations of such other Guarantor 83 under its Guarantee or pursuant to its contribution obligations under this Indenture, result in the obligations of such Guarantor under the Guarantee not constituting a fraudulent conveyance or fraudulent transfer under Federal or state law. Each Guarantor that makes a payment or distribution under a Guarantee shall be entitled to a contribution from each other Guarantor in a pro rata amount based on the Adjusted Net Assets of each Guarantor.

Appears in 1 contract

Samples: Indenture (Unison Healthcare Corp)

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