Common use of Limitation of Liability of Certain Guarantors Clause in Contracts

Limitation of Liability of Certain Guarantors. Notwithstanding any other provision of this Guaranty, the liability of any Guarantor for all obligations under this Guaranty and any other Guaranteed Document to which it is a party shall be limited to the maximum liability that can be incurred by such Guarantor without rendering this Guaranty subject to avoidance under Section 548 of the United States Bankruptcy Code or any comparable provisions of any applicable state or federal Law.

Appears in 3 contracts

Samples: Sundance Energy Australia LTD, Sundance Energy Australia LTD, Sundance Energy Australia LTD

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Limitation of Liability of Certain Guarantors. Notwithstanding any other provision of this Guaranty, with respect to any Guaranteed Obligations guaranteed hereby and the liability of any such Guarantor for all obligations under this Guaranty and any other Guaranteed Loan Document to which it is a party shall be limited to the maximum liability that can be incurred by such Guarantor without rendering this Guaranty subject to avoidance under Section 548 of the United States Bankruptcy Code or any comparable provisions of any applicable state or federal Lawlaw.

Appears in 2 contracts

Samples: Guaranty (Forbes Energy Services Ltd.), Guaranty (Forbes Energy Services Ltd.)

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Limitation of Liability of Certain Guarantors. Notwithstanding any other provision of this Guaranty, the liability of any Guarantor for all obligations under this Guaranty and any other Guaranteed Loan Document to which it is a party shall be limited to the maximum liability that can be incurred by such Guarantor without rendering this Guaranty subject to avoidance under Section 548 of the United States Bankruptcy Code or any comparable provisions of any applicable state or federal Lawlaw.

Appears in 1 contract

Samples: Security Agreement (W&t Offshore Inc)

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