Limitation of Obligations. Notwithstanding any other provision of this Guaranty, each Guarantor’s obligation to pay the amount guaranteed by each Guarantor hereunder shall be limited to the extent, if any, required so that its obligations hereunder shall not be subject to avoidance under Section 548 of the Bankruptcy Code or under any applicable state Uniform Fraudulent Transfer Act, Uniform Fraudulent Conveyance Act or similar statute or common law.
Appears in 10 contracts
Samples: Master Note Agreement (Stepan Co), Note Purchase Agreement, Defined Terms (Stepan Co)
Limitation of Obligations. Notwithstanding any other provision of this Guaranty, each Guarantor’s obligation to pay the amount guaranteed by each Guarantor hereunder shall be limited to the extent, if any, required so that its obligations hereunder shall not be subject to avoidance under Section TO AVOIDANCE UNDER SECTION 548 of the Bankruptcy Code or under any applicable state Uniform Fraudulent Transfer ActOF THE BANKRUPTCY CODE OR UNDER ANY APPLICABLE STATE UNIFORM FRAUDULENT TRANSFER ACT, Uniform Fraudulent Conveyance Act or similar statute or common lawUNIFORM FRAUDULENT CONVEYANCE ACT OR SIMILAR STATUTE OR COMMON LAW.
Appears in 2 contracts
Samples: Subsidiary Guaranty (Stepan Co), Subsidiary Guaranty (Stepan Co)
