Common use of Limitation of Subsidiary Guarantor's Liability Clause in Contracts

Limitation of Subsidiary Guarantor's Liability. Each Subsidiary Guarantor, and by its acceptance hereof each Holder, hereby confirms that it is the intention of all such parties that the Guarantee by that Subsidiary Guarantor pursuant to its Subsidiary Guarantee not constitute a fraudulent transfer or conveyance for purposes of the Federal Bankruptcy Code, the Uniform Fraudulent Conveyance Act, the Uniform Fraudulent Transfer Act or any similar Federal or state law. To effectuate the foregoing intention, the Holders and such Subsidiary Guarantor hereby irrevocably agree that the obligations of such Subsidiary Guarantor under its Subsidiary Guarantee shall be limited to the maximum amount that, after giving effect to all other contingent and fixed liabilities of such Subsidiary Guarantor and after giving effect to any collections from or payments made by or on behalf of any other Subsidiary Guarantor in respect of the obligations of such other Subsidiary Guarantor under its Subsidiary Guarantee or pursuant to Section 13.7, result in the obligations of that Subsidiary Guarantor under its Subsidiary Guarantee not constituting such a fraudulent transfer or conveyance under federal or state law.

Appears in 6 contracts

Samples: Indenture Tia (Range Resources Corp), Indenture Tia (Range Resources Corp), Indenture Tia (Range Resources Corp)

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Limitation of Subsidiary Guarantor's Liability. Each Guarantor that is a Subsidiary Guarantorof the Company, and by its acceptance hereof each Holder, hereby confirms that it is the intention of all such parties that the Note Guarantee by that Subsidiary such Guarantor pursuant to its Subsidiary Note Guarantee not constitute a fraudulent transfer or conveyance for purposes of the Federal Bankruptcy CodeLaw, the Uniform Fraudulent Conveyance Act, the Uniform Fraudulent Transfer Act or any similar Federal or state law. To effectuate the foregoing intention, the Holders and such Subsidiary Guarantor hereby irrevocably agree that the obligations of such Subsidiary Guarantor under its Subsidiary this Note Guarantee shall be limited to the maximum amount thatwhich, after giving effect to all other contingent and fixed liabilities of such Subsidiary Guarantor Guarantor, and after giving effect to any collections from or payments made by or on behalf of of, any other Subsidiary Guarantor in respect of the obligations of such other Subsidiary Guarantor under its Subsidiary Note Guarantee or pursuant to Section 13.7its contribution obligations under this Article Twelve, will result in the obligations of that Subsidiary such Guarantor under its Subsidiary Note Guarantee not constituting such a fraudulent transfer or conveyance under federal or state lawconveyance.

Appears in 5 contracts

Samples: Indenture (Saks Inc), Indenture (Saks Inc), Indenture (Saks Inc)

Limitation of Subsidiary Guarantor's Liability. Each Subsidiary Guarantor, and by its acceptance hereof each Holder, hereby confirms confirm that it is the intention of all such parties that the Guarantee guarantee by that such Subsidiary Guarantor pursuant to its Subsidiary Guarantee not constitute a fraudulent transfer or conveyance for purposes of the Federal Bankruptcy Code, the Uniform Fraudulent Conveyance Act, the Uniform Fraudulent Transfer Act or any similar Federal federal or state law. To effectuate the foregoing intention, the Holders and such each Subsidiary Guarantor hereby irrevocably agree that the obligations of such Subsidiary Guarantor under its Subsidiary Guarantee shall be limited to the maximum amount thatas will, after giving effect to all other contingent and fixed liabilities of such Subsidiary Guarantor and after giving effect to any collections from or payments made by or on behalf of any other Subsidiary Guarantor in respect of the obligations of such other Subsidiary Guarantor under its Subsidiary Guarantee or pursuant to Section 13.710.05 hereof, result in the obligations of that such Subsidiary Guarantor under its Subsidiary Guarantee not constituting such a fraudulent transfer conveyance or conveyance under federal or state lawfraudulent transfer. This Section 10.04 is for the benefit of the creditors of each Subsidiary Guarantor.

Appears in 4 contracts

Samples: Indenture (Comstock Oil & Gas, LP), Indenture (Comstock Oil & Gas, LP), Registration Rights Agreement (Comstock Oil & Gas, LP)

Limitation of Subsidiary Guarantor's Liability. Each Subsidiary Guarantor, and by its acceptance hereof each HolderHolder of Notes, hereby confirms that it is the intention of all such parties that the Guarantee guarantee by that such Subsidiary Guarantor pursuant to its Subsidiary Guarantee not constitute a fraudulent transfer or conveyance for purposes of the Federal Bankruptcy CodeLaw, the Uniform Fraudulent Conveyance Act, the Uniform Fraudulent Transfer Act Act, or any similar Federal federal or state law. To effectuate the foregoing intention, the Holders of Notes and such each Subsidiary Guarantor hereby irrevocably agree that the obligations of such Subsidiary Guarantor under its Subsidiary Guarantee this Article 7 shall be limited to the maximum amount thatas will, after giving effect to all other contingent and fixed liabilities of such Subsidiary Guarantor and after giving effect to any collections from or payments made by or on behalf of any other Subsidiary Guarantor in respect of the obligations of such other Subsidiary Guarantor under its Subsidiary Guarantee or pursuant to Section 13.7this Article 7, result in the obligations of that such Subsidiary Guarantor under its the Subsidiary Guarantee of such Subsidiary Guarantor not constituting such a fraudulent transfer or conveyance under federal or state lawconveyance.

Appears in 4 contracts

Samples: Securities Purchase Agreement (Kevco Inc), Securities Purchase Agreement (Kevco Partners Investment Trust), Kevco Inc

Limitation of Subsidiary Guarantor's Liability. Each Subsidiary Guarantor, and by its acceptance hereof each Holder, hereby confirms that it is the intention of all such parties that the Guarantee guarantee by that such Subsidiary Guarantor pursuant to its Subsidiary Guarantee not constitute a fraudulent transfer or conveyance for purposes of the Federal Bankruptcy CodeLaw, the Uniform Fraudulent Conveyance Act, the Uniform Fraudulent Transfer Act or any similar Federal federal or state law. To effectuate the foregoing intention, the Holders and such Subsidiary Guarantor hereby irrevocably agree that the obligations of such Subsidiary Guarantor under its Subsidiary Guarantee this Article 10 shall be limited to the maximum amount thatas will, after giving effect to all other contingent and fixed liabilities of such Subsidiary Guarantor and after giving effect to any collections from or payments made by or on behalf of any other Subsidiary Guarantor in respect of the obligations of such other Subsidiary Guarantor under its Subsidiary Guarantee or pursuant to Section 13.7this Article 10, result in the obligations of that such Subsidiary Guarantor under its the Subsidiary Guarantee of such Subsidiary Guarantor not constituting such a fraudulent transfer or conveyance under federal or state lawconveyance.

Appears in 4 contracts

Samples: Indenture (Wavetek U S Inc), Indenture (Auto Marketing Network Inc), Hydrochem International Inc

Limitation of Subsidiary Guarantor's Liability. Each Subsidiary Guarantor, and by its acceptance hereof each Holder, hereby confirms that it is the intention of all such parties that the Guarantee by that such Subsidiary Guarantor pursuant to its Subsidiary Guarantee not constitute a fraudulent transfer or conveyance for purposes of the Federal any Bankruptcy CodeLaw, the Uniform Fraudulent Conveyance Act, the Uniform Fraudulent Transfer Act or any similar Federal federal or state law. To effectuate the foregoing intention, the Holders and such Subsidiary Guarantor hereby irrevocably agree that the obligations Guarantee Obligations of such Subsidiary Guarantor under its Subsidiary Guarantee this Article 12 shall be limited to the maximum amount thatas will, after giving effect to all other contingent and fixed liabilities of such Subsidiary Guarantor and after giving effect to any collections from or payments made by or on behalf of any other Subsidiary Guarantor in respect of the obligations Guarantee Obligations of such other Subsidiary Guarantor under its Subsidiary Guarantee or pursuant to Section 13.7this Article 12, result in the obligations Guarantee Obligations of that such Subsidiary Guarantor under its the Subsidiary Guarantee of such Subsidiary Guarantor not constituting such a fraudulent transfer or conveyance under federal or state lawconveyance.

Appears in 4 contracts

Samples: Intercreditor and Collateral Agency Agreement (RBX Corp), Indenture (RBX Corp), RBX Corp

Limitation of Subsidiary Guarantor's Liability. Each Subsidiary Guarantor, and by its acceptance hereof each Holder, hereby confirms confirm that it is the intention of all such parties that the Guarantee guarantee by that such Subsidiary Guarantor pursuant to its Subsidiary Guarantee not constitute a fraudulent transfer or conveyance for purposes of the Federal Bankruptcy Code, the Uniform Fraudulent Conveyance Act, the Uniform Fraudulent Transfer Act or any similar Federal or state law. To effectuate the foregoing intention, the Holders and such each Subsidiary Guarantor hereby irrevocably agree that the obligations of such Subsidiary Guarantor under its Subsidiary Guarantee shall will be limited to the maximum amount thatas will, after giving effect to all other contingent and fixed liabilities (including, but not limited to, Guarantor Senior Indebtedness) of such Subsidiary Guarantor and after giving effect to any collections from or payments made by or on behalf of any other Subsidiary Guarantor in respect of the obligations of such other Subsidiary Guarantor under its Subsidiary Guarantee or pursuant to Section 13.710.4 hereof, result in the obligations of that such Subsidiary Guarantor under its Subsidiary Guarantee not constituting such a fraudulent transfer conveyance or conveyance under federal or state lawfraudulent transfer. This Section 10.3 is for the benefit of the creditors of each Subsidiary Guarantor.

Appears in 4 contracts

Samples: Lease Agreement (Clayton Williams Energy Inc /De), Indenture (Clayton Williams Energy Inc /De), Delta Petroleum Corp/Co

Limitation of Subsidiary Guarantor's Liability. Each Subsidiary Guarantor, Guarantor and by its acceptance hereof each Holder, Holder hereby confirms that it is the intention of all such parties that the Guarantee guarantee by that such Subsidiary Guarantor pursuant to its Subsidiary Guarantee not constitute a fraudulent transfer or conveyance for purposes of the Federal Bankruptcy CodeLaw, the Uniform Fraudulent Conveyance Act, the Uniform Fraudulent Transfer Act or any similar Federal or state law. To effectuate the foregoing intention, the Holders and such Subsidiary Guarantor hereby irrevocably agree that the obligations Obligations of such Subsidiary Guarantor under its Subsidiary Guarantee shall be limited to the maximum amount thatas will, after giving effect to all other contingent and fixed liabilities of such Subsidiary Guarantor and after giving effect to any collections from or payments made by or on behalf of any other Subsidiary Guarantor in respect of the obligations of such other Subsidiary Guarantor under its Subsidiary Guarantee or pursuant to Section 13.711.07, result in the obligations Obligations of that such Subsidiary Guarantor under its Subsidiary Guarantee not constituting such a fraudulent transfer or conveyance under federal or state lawconveyance.

Appears in 3 contracts

Samples: Tracor Inc /De, Koppers Industries Inc, Federal Data Corp /Fa/

Limitation of Subsidiary Guarantor's Liability. Each Subsidiary Guarantor, Guarantor and by its acceptance hereof each Holder, Holder hereby confirms that it is the intention of all such parties that the Guarantee guarantee by that such Subsidiary Guarantor pursuant to its Subsidiary Guarantee not constitute a fraudulent transfer or conveyance for purposes of the Federal Bankruptcy CodeLaw, the Uniform Fraudulent Conveyance Act, the Uniform Fraudulent Transfer Act or any similar Federal or state law. To effectuate the foregoing intention, the Holders and such Subsidiary Guarantor hereby irrevocably agree that the obligations of such Subsidiary Guarantor under its Subsidiary Guarantee shall be limited to the maximum amount thatas will, after giving effect to all other contingent and fixed liabilities of such Subsidiary Guarantor and after giving effect to any collections from or payments made by or on behalf of any other Subsidiary Guarantor in respect of the obligations of such other Subsidiary Guarantor under its Subsidiary Guarantee or pursuant to Section 13.78.05, result in the obligations of that such Subsidiary Guarantor under its Subsidiary Guarantee not constituting such a fraudulent transfer or conveyance under federal or state lawconveyance.

Appears in 3 contracts

Samples: Indenture (NVR Inc), First Supplemental Indenture (NVR Inc), NVR Inc

Limitation of Subsidiary Guarantor's Liability. Each Subsidiary Guarantor, Guarantor and by its acceptance hereof each Holder, Holder hereby confirms that it is the intention of all such parties that the Guarantee guarantee by that such Subsidiary Guarantor pursuant to its Subsidiary Guarantee not constitute a fraudulent transfer or conveyance for purposes of the Federal Bankruptcy CodeLaw, the Uniform Fraudulent Conveyance Act, the Uniform Fraudulent Transfer Act or any similar Federal or state law. To effectuate the foregoing intention, the Holders and such Subsidiary Guarantor hereby irrevocably agree that the obligations of such Subsidiary Guarantor under its Subsidiary the Guarantee shall be limited to the maximum amount thatas will, after giving effect to all other contingent and fixed liabilities of such Subsidiary Guarantor (including, but not limited to, the Guarantor Senior Indebtedness of such Subsidiary Guarantor) and after giving effect to any collections from or payments made by or on behalf of any other Subsidiary Guarantor in respect of the obligations of such other Subsidiary Guarantor under its Subsidiary Guarantee or pursuant to Section 13.711.07, result in the obligations of that such Subsidiary Guarantor under its Subsidiary the Guarantee not constituting such a fraudulent transfer or conveyance under federal or state lawconveyance.

Appears in 3 contracts

Samples: Indenture (Perry-Judds Inc), Dominicks Supermarkets Inc, Bay Area Warehouse Stores Inc

Limitation of Subsidiary Guarantor's Liability. Each Subsidiary Guarantor, and by its acceptance hereof each Holder, hereby confirms confirm that it is the intention of all such parties that the Guarantee guarantee by that such Subsidiary Guarantor pursuant to its Subsidiary Guarantee not constitute a fraudulent transfer or conveyance for purposes of the Federal Bankruptcy Code, the Uniform Fraudulent Conveyance Act, the Uniform Fraudulent Transfer Act or any similar Federal federal or state law. To effectuate the foregoing intention, the Holders and such each Subsidiary Guarantor hereby irrevocably agree that the obligations of such Subsidiary Guarantor under its Subsidiary Guarantee shall will be limited to the maximum amount thatas will, after giving effect to all other contingent and fixed liabilities (including, but not limited to, Guarantor Senior Indebtedness) of such Subsidiary Guarantor and after giving effect to any collections from or payments made by or on behalf of any other Subsidiary Guarantor in respect of the obligations of such other Subsidiary Guarantor under its Subsidiary Guarantee or pursuant to Section 13.710.4 hereof, result in the obligations of that such Subsidiary Guarantor under its Subsidiary Guarantee not constituting such a fraudulent transfer conveyance or conveyance under federal or state lawfraudulent transfer. This Section 10.3 is for the benefit of the creditors of each Subsidiary Guarantor.

Appears in 3 contracts

Samples: Indenture (Plains Exploration & Production Co), Plains Resources Inc, Plains Exploration & Production Co L P

Limitation of Subsidiary Guarantor's Liability. Each Subsidiary Guarantor, Guarantor and by its acceptance hereof each Holder, hereby Holder confirms that it is the intention of all such parties that the Guarantee guarantee by that each such Subsidiary Guarantor pursuant to its Subsidiary Guarantee not constitute a fraudulent transfer or conveyance for purposes of the Federal Bankruptcy CodeLaw, the Uniform Fraudulent Conveyance Act, the Uniform Fraudulent Transfer Act or any similar Federal federal or state lawlaw or the provisions of its local law relating to fraudulent transfer or conveyance. To effectuate the foregoing intention, the Holders and each such Subsidiary Guarantor hereby irrevocably agree that the obligations of such Subsidiary Guarantor under its Subsidiary Guarantee shall be limited to the maximum amount thatthat will not, after giving effect to all other contingent and fixed liabilities of such Subsidiary Guarantor and after giving effect to any collections from or payments made by or on behalf of any other Subsidiary Guarantor in respect of the obligations of such other Subsidiary Guarantor under its Subsidiary Guarantee or pursuant to this Section 13.71205, result in the obligations of that such Subsidiary Guarantor under its Subsidiary Guarantee not constituting such a fraudulent transfer or conveyance under federal or state lawconveyance.

Appears in 3 contracts

Samples: Supplemental Indenture (Clearwire Corp /DE), Indenture (Clearwire Corp /DE), Subsidiary Guarantors (Clearwire Corp /DE)

Limitation of Subsidiary Guarantor's Liability. Each Subsidiary Guarantor, Guarantor and by its acceptance hereof each Holder, hereby Holder confirms that it is the intention of all such parties that the Guarantee guarantee by that each Subsidiary Guarantor pursuant to its Subsidiary Note Guarantee not constitute a fraudulent transfer or conveyance for purposes of the Federal Bankruptcy Code, the Uniform Fraudulent Conveyance Act, the Uniform Fraudulent Transfer Act or any similar Federal federal or state lawlaw or the provisions of its local law relating to fraudulent transfer or conveyance. To effectuate the foregoing intention, the Holders and such Subsidiary Guarantor hereby irrevocably agree that the obligations of such Subsidiary Guarantor under its Subsidiary Note Guarantee shall be limited to the maximum amount thatthat will not, after giving effect to all other contingent and fixed liabilities of such Subsidiary Guarantor and after giving effect to any collections from or payments made by or on behalf of any other Subsidiary Guarantor in respect of the obligations of such other Subsidiary Guarantor under its Subsidiary Note Guarantee or pursuant to Section 13.71305 hereof, result in the obligations of that such Subsidiary Guarantor under its Subsidiary Note Guarantee not constituting such a fraudulent transfer or conveyance under federal or state lawconveyance.

Appears in 3 contracts

Samples: Execution Copy (Burke Flooring Products Inc), Burke Industries Inc /Ca/, Burke Industries Inc /Ca/

Limitation of Subsidiary Guarantor's Liability. Each Guarantor that is a Subsidiary Guarantorof the Company, and by its acceptance hereof each Holder, hereby confirms that it is the intention of all such parties that the Note Guarantee by that Subsidiary such Guarantor pursuant to its Subsidiary Note Guarantee not constitute a fraudulent transfer or conveyance for purposes of the Federal Bankruptcy CodeLaw, the Uniform Fraudulent Conveyance Act, the Uniform Fraudulent Transfer Act or any similar Federal federal or state law. To effectuate the foregoing intention, the Holders and such Subsidiary Guarantor hereby irrevocably agree that the obligations of such Subsidiary Guarantor under its Subsidiary this Note Guarantee shall be limited to the maximum amount thatwhich, after giving effect to all other contingent and fixed liabilities of such Subsidiary Guarantor Guarantor, and after giving effect to any collections from or payments made by or on behalf of of, any other Subsidiary Guarantor in respect of the obligations of such other Subsidiary Guarantor under its Subsidiary Note Guarantee or pursuant to Section 13.7its contribution obligations under this Article Twelve, will result in the obligations of that Subsidiary such Guarantor under its Subsidiary Note Guarantee not constituting such a fraudulent transfer or conveyance under federal or state lawconveyance.

Appears in 2 contracts

Samples: Indenture (Saks Inc), Saks Inc

Limitation of Subsidiary Guarantor's Liability. Each Subsidiary Guarantor, Guarantor and by its acceptance hereof each Holder, Holder hereby confirms that it is the intention of all such parties that the Guarantee guarantee by that such Subsidiary Guarantor pursuant to its Subsidiary Guarantee not constitute a fraudulent transfer or conveyance for purposes of the Federal Bankruptcy CodeLaw, the Uniform Fraudulent Conveyance Act, the Uniform Fraudulent Transfer Act or any similar Federal or state law. To effectuate the foregoing intention, the Holders and such Subsidiary Guarantor hereby irrevocably agree that the obligations of such Subsidiary Guarantor under its the Subsidiary Guarantee shall be limited to the maximum amount thatas will, after giving effect to all other contingent and fixed liabilities of such Subsidiary Guarantor and after giving effect to any collections from or payments made by or on behalf of any other Subsidiary Guarantor in respect of the obligations of such other Subsidiary Guarantor under its Subsidiary Guarantee or pursuant to Section 13.710.05, result in the obligations of that such Subsidiary Guarantor under its the Subsidiary Guarantee not constituting such a fraudulent transfer or conveyance under federal or state law.

Appears in 2 contracts

Samples: Packaged Ice Inc, Call Points Inc

Limitation of Subsidiary Guarantor's Liability. Each Subsidiary Guarantor, and by its acceptance hereof each Holder, hereby confirms that it is the intention of all such parties that the Guarantee guarantee by that such Subsidiary Guarantor pursuant to its Subsidiary Guarantee not constitute a fraudulent transfer or conveyance for purposes of the Federal Bankruptcy Code, the Uniform Fraudulent Conveyance Act, the Uniform Fraudulent Transfer Act or any similar Federal or state law. To effectuate the foregoing intention, the Holders and such each Subsidiary Guarantor hereby irrevocably agree that the obligations of such each Subsidiary Guarantor under its Subsidiary Guarantee shall be limited to the maximum amount thatas shall, after giving effect to all other contingent and fixed liabilities of such Subsidiary Guarantor (including, without limitation, any guarantees under the Senior Credit Facility) and after giving effect to any collections from or payments made by or on behalf of any other Subsidiary Guarantor in respect of the obligations of such other Subsidiary Guarantor under its Subsidiary Guarantee or pursuant to Section 13.79.04 of this First Supplemental Indenture, result in the obligations of that such Subsidiary Guarantor under its Subsidiary Guarantee not constituting such a fraudulent conveyance or fraudulent transfer or conveyance under federal Federal or state law. This Section 9.03 is for the benefit of the creditors of each Subsidiary Guarantor.

Appears in 2 contracts

Samples: First Supplemental Indenture (Berry Petroleum Co), First Supplemental Indenture (Berry Petroleum Co)

Limitation of Subsidiary Guarantor's Liability. Each New Subsidiary Guarantor, and by its acceptance hereof each HolderSecurityholder, hereby confirms that it is the intention of all such parties that the Guarantee guarantee by that such New Subsidiary Guarantor pursuant to its Subsidiary Guarantee not constitute a fraudulent transfer or conveyance for purposes of the Bankruptcy Law, Federal Bankruptcy Codeand state fraudulent conveyance laws, the Uniform Fraudulent Conveyance Act, the Uniform Fraudulent Transfer Act or any similar Federal or state lawother legal principles. To effectuate the foregoing intention, the Holders Securityholders and such each New Subsidiary Guarantor hereby irrevocably agree that the obligations of such New Subsidiary Guarantor under its Subsidiary Guarantee shall be limited to the maximum amount thatas will, after giving effect to all other contingent and fixed liabilities of such New Subsidiary Guarantor and after giving effect to any collections from or payments made by or on behalf of any other Subsidiary Guarantor in respect of the obligations of such other Subsidiary Guarantor under its Subsidiary Guarantee or pursuant to Section 13.710.05 of the Indenture, result in the obligations of that such New Subsidiary Guarantor under its the Subsidiary Guarantee not constituting such a fraudulent transfer or conveyance under federal or state law.

Appears in 2 contracts

Samples: Northland Holdings Management Inc, Northland Holdings Management Inc

Limitation of Subsidiary Guarantor's Liability. Each Subsidiary Guarantor, and by its acceptance hereof each Holder, hereby confirms confirm that it is the intention of all such parties that the Guarantee guarantee by that such Subsidiary Guarantor pursuant to its Subsidiary Guarantee not constitute a fraudulent transfer or conveyance for purposes of the Federal Bankruptcy Code, the Uniform Fraudulent Conveyance Act, the Uniform Fraudulent Transfer Act or any similar Federal federal or state law. To effectuate the foregoing intention, the Holders and such each Subsidiary Guarantor hereby irrevocably agree that the obligations of such Subsidiary Guarantor under its Subsidiary Guarantee shall will be limited to the maximum amount thatas will, after giving effect to all other contingent and fixed liabilities of such Subsidiary Guarantor and after giving effect to any collections from or payments made by or on behalf of any other Subsidiary Guarantor in respect of the obligations of such other Subsidiary Guarantor under its Subsidiary Guarantee or pursuant to Section 13.713.5 hereof, result in the obligations of that such Subsidiary Guarantor under its Subsidiary Guarantee not constituting such a fraudulent transfer conveyance or conveyance under federal or state lawfraudulent transfer. This Section 13.4 is for the benefit of the creditors of each Subsidiary Guarantor.

Appears in 2 contracts

Samples: Indenture (Abraxas Petroleum Corp), Indenture (Mission Resources Corp)

Limitation of Subsidiary Guarantor's Liability. Each Subsidiary Guarantor, and by its acceptance hereof each Holder, hereby confirms that it is the intention of all such parties that the Guarantee guarantee by that such Subsidiary Guarantor pursuant to its Subsidiary Guarantee not constitute a fraudulent transfer or conveyance for purposes of the Federal Bankruptcy CodeLaw, the Uniform Fraudulent Conveyance Act, the Uniform Fraudulent Transfer Act or any similar Federal federal or state law. To effectuate the foregoing intention, the Holders and such Subsidiary Guarantor hereby irrevocably agree that the obligations of such Subsidiary Guarantor under its Subsidiary Guarantee this Article 11 shall be limited to the maximum amount thatas will, after giving effect to all other contingent and fixed liabilities of such Subsidiary Guarantor and after giving effect to any collections from or payments made by or on behalf of any other Subsidiary Guarantor in respect of the obligations of such other Subsidiary Guarantor under its Subsidiary Guarantee or pursuant to Section 13.7this Article 11, result in the obligations of that such Subsidiary Guarantor under its the Subsidiary Guarantee of such Subsidiary Guarantor not constituting such a fraudulent transfer or conveyance under federal or state lawconveyance.

Appears in 2 contracts

Samples: Indenture (Cottontops Inc), Indenture (Anvil Holdings Inc)

Limitation of Subsidiary Guarantor's Liability. (a) Each Subsidiary Guarantor, Guarantor and by its acceptance hereof hereof, each Holderbeneficiary hereof, hereby confirms confirm that it is the its intention of all such parties that the Subsidiary Guarantee by that such Subsidiary Guarantor pursuant to its Subsidiary Guarantee not constitute a fraudulent transfer or conveyance for purposes of the Federal Bankruptcy CodeLaw, the Uniform Fraudulent Conveyance Act, the Uniform Fraudulent Transfer Act or any similar Federal federal or state lawlaw to the extent applicable to any of the Subsidiary Guarantees. To effectuate the foregoing intention, the Holders and each such Subsidiary Guarantor Person hereby irrevocably agree agrees that the obligations of such Subsidiary Guarantor under its Subsidiary Guarantee under this ARTICLE 10 shall be limited to the maximum amount thatas will, after giving effect to all other contingent and fixed liabilities of such Subsidiary Guarantor and after giving effect to any collections from or payments made by or on behalf of any other Subsidiary Guarantor in respect of the obligations of such other Subsidiary Guarantor under its Subsidiary Guarantee or pursuant to Section 13.7its contribution obligations under this Indenture, result in the obligations of that such Subsidiary Guarantor under its the Subsidiary Guarantee not constituting such a fraudulent conveyance or fraudulent transfer or conveyance under federal or state law.

Appears in 2 contracts

Samples: Ram Energy Inc/Ok, Ram Energy Inc/Ok

Limitation of Subsidiary Guarantor's Liability. Each Guarantor that is a Subsidiary Guarantorof the Company, and by its acceptance hereof each Holder, hereby confirms that it is the intention of all such parties that the Note Guarantee by that Subsidiary such Guarantor pursuant to its Subsidiary Note Guarantee not constitute a fraudulent transfer or conveyance for purposes of the Federal Bankruptcy CodeLaw, the Uniform Fraudulent Conveyance Act, the Uniform Fraudulent Transfer Act or any similar Federal or state law. To effectuate the foregoing intention, the Holders and such Subsidiary Guarantor hereby irrevocably agree that the obligations of such Subsidiary Guarantor under its Subsidiary this Note Guarantee shall be limited to the maximum amount thatwhich, after giving effect to all other contingent and fixed liabilities of such Subsidiary Guarantor Guarantor, and after giving effect to any collections from or payments made by or on behalf of any other Subsidiary Guarantor in respect of the obligations of such other Subsidiary Guarantor under its Subsidiary Note Guarantee or pursuant to Section 13.7its contribution obligations under this Article Twelve, will result in the obligations of that Subsidiary such Guarantor under its Subsidiary Note Guarantee not constituting such a fraudulent transfer or conveyance under federal or state lawconveyance.

Appears in 2 contracts

Samples: CPS Department Stores Inc /De, McRaes Stores Partnership

Limitation of Subsidiary Guarantor's Liability. Each Subsidiary Guarantor, Guarantor and by its acceptance hereof each Holder, of the Holders hereby confirms that it is the intention of all such parties that the Guarantee guarantee by that such Subsidiary Guarantor pursuant to its Subsidiary Guarantee not constitute a fraudulent transfer or conveyance for purposes of the Federal any Bankruptcy CodeLaw, the Uniform Fraudulent Conveyance Act, the Uniform Fraudulent Transfer Act or any similar Federal or state law. To effectuate the foregoing intention, the Holders and such Subsidiary Guarantor hereby irrevocably agree that the obligations of such Subsidiary Guarantor under its the Subsidiary Guarantee shall be limited to the maximum amount thatas will, after giving effect to all other contingent and fixed liabilities of such Subsidiary Guarantor and after giving effect to any collections from or payments made by or on behalf of any other Subsidiary Guarantor in respect of the obligations of such other Subsidiary Guarantor under its Subsidiary Guarantee or pursuant to Section 13.710.05, result in the obligations of that such Subsidiary Guarantor under its the Subsidiary Guarantee not constituting such a fraudulent transfer or conveyance under federal or state lawconveyance.

Appears in 2 contracts

Samples: Pledge Agreement (Coinmach Service Corp), Coinmach Laundry Corp

Limitation of Subsidiary Guarantor's Liability. Each Subsidiary Guarantor, and by its acceptance hereof each Holder, hereby confirms confirm that it is the intention of all such parties that the Guarantee guarantee by that such Subsidiary Guarantor pursuant to its Subsidiary Guarantee not constitute a fraudulent transfer or conveyance for purposes of the Federal Bankruptcy Code, the Uniform Fraudulent Conveyance Act, the Uniform Fraudulent Transfer Act or any similar Federal federal or state law. To effectuate the foregoing intention, the Holders and such each Subsidiary Guarantor hereby irrevocably agree that the obligations of such Subsidiary Guarantor under its Subsidiary Guarantee shall be limited to the maximum amount thatas will, after giving effect to all other contingent and fixed liabilities of such Subsidiary Guarantor and after giving effect to any collections from or payments made by or on behalf of any other Subsidiary Guarantor in respect of the obligations of such other Subsidiary Guarantor under its Subsidiary Guarantee or pursuant to Section 13.7hereof, result in the obligations of that such Subsidiary Guarantor under its Subsidiary Guarantee not constituting such a fraudulent transfer conveyance or conveyance under federal or state lawfraudulent transfer. This Section 10.04 is for the benefit of the creditors of each Subsidiary Guarantor.

Appears in 2 contracts

Samples: Supplemental Indenture, Indenture

Limitation of Subsidiary Guarantor's Liability. Each Subsidiary Guarantor, and by its acceptance hereof each Holder, hereby confirms that it is the intention of all such parties that the Guarantee by that such Subsidiary Guarantor pursuant to its Subsidiary Guarantee not constitute a fraudulent transfer or conveyance for purposes of the Federal Bankruptcy Code, the Uniform Fraudulent Conveyance Act, the Uniform Fraudulent Transfer Act or any similar Federal or state law. To effectuate the foregoing intention, the Holders and such Subsidiary Guarantor hereby irrevocably agree that the obligations of such Subsidiary Guarantor under its Subsidiary Guarantee shall be limited to the maximum amount thatas will, after giving effect to all other contingent and fixed liabilities of such Subsidiary Guarantor and after giving effect to any collections collection from or payments made by or on behalf of any other Subsidiary Guarantor in respect of the obligations of such other Subsidiary Guarantor under its Subsidiary Guarantee or pursuant to Section 13.7, result in the obligations of that such Subsidiary Guarantor under its Subsidiary Guarantee not constituting such a fraudulent transfer or conveyance under federal or state lawconveyance.

Appears in 1 contract

Samples: Pledge and Security Agreement (Willcox & Gibbs Inc /De)

Limitation of Subsidiary Guarantor's Liability. Each Subsidiary Guarantor, and by its acceptance hereof each Holder, hereby confirms that it is the intention of all such parties that the Guarantee by that such Subsidiary Guarantor pursuant to its Subsidiary Guarantee not constitute a fraudulent transfer or conveyance for purposes of the Federal any Bankruptcy CodeLaw, the Uniform Fraudulent Conveyance Act, the Uniform Fraudulent Transfer Act or any similar Federal federal or state law. To effectuate the foregoing intention, the Holders and such Subsidiary Guarantor hereby irrevocably agree 89 84 that the obligations Guarantee Obligations of such Subsidiary Guarantor under its Subsidiary Guarantee this Article 10 shall be limited to the maximum amount thatas will, after giving effect to all other contingent and fixed liabilities of such Subsidiary Guarantor and after giving effect to any collections from or payments made by or on behalf of any other Subsidiary Guarantor in respect of the obligations Guarantee Obligations of such other Subsidiary Guarantor under its Subsidiary Guarantee or pursuant to Section 13.7this Article 10, result in the obligations Guarantee Obligations of that such Subsidiary Guarantor under its the Subsidiary Guarantee of such Subsidiary Guarantor not constituting such a fraudulent transfer or conveyance under federal or state lawconveyance.

Appears in 1 contract

Samples: Indenture (Medaphis Corp)

Limitation of Subsidiary Guarantor's Liability. Each Subsidiary Guarantor, and by its acceptance hereof each Holder, hereby confirms confirm that it is the intention of all such parties that the Guarantee guarantee by that such Subsidiary Guarantor pursuant to its Subsidiary Guarantee not constitute a fraudulent transfer or conveyance for purposes of the Federal Bankruptcy Code, the Uniform Fraudulent Conveyance Act, the Uniform Fraudulent Transfer Act or any similar Federal federal or state law. To effectuate the foregoing intention, the Holders and such each Subsidiary Guarantor hereby irrevocably agree that the obligations of such Subsidiary Guarantor under its Subsidiary Guarantee shall be limited to the maximum amount thatas will, after giving effect to all other contingent and fixed liabilities of such Subsidiary Guarantor and after giving effect to any collections from or payments made by or on behalf of any other Subsidiary Guarantor in respect of the obligations of such other Subsidiary CONFIDENTIAL INFORMATION MESQ000085 Guarantor under its Subsidiary Guarantee or pursuant to Section 13.7hereof, result in the obligations of that such Subsidiary Guarantor under its Subsidiary Guarantee not constituting such a fraudulent transfer conveyance or conveyance under federal or state lawfraudulent transfer. This Section 10.04 is for the benefit of the creditors of each Subsidiary Guarantor.

Appears in 1 contract

Samples: www.mesquite-energy.com

Limitation of Subsidiary Guarantor's Liability. Each Subsidiary Guarantor, Guarantor and by its acceptance hereof each Holder, of the Lenders hereby confirms that it is the intention of all such parties that the Guarantee guarantee by that such Subsidiary Guarantor pursuant to its Subsidiary Guarantee not constitute a fraudulent transfer or conveyance for purposes of the Federal any Bankruptcy CodeLaw, the Uniform Fraudulent Conveyance Act, the Uniform Fraudulent Transfer Act or any similar Federal or state law. To effectuate the foregoing intention, the Holders Lenders and such Subsidiary Guarantor hereby irrevocably agree that the obligations of such Subsidiary Guarantor under its Subsidiary the Guarantee shall be limited to the maximum amount thatas will, after giving effect to all other contingent and fixed liabilities of such Subsidiary Guarantor (including, but not limited to, the Subsidiary Guarantor Senior Indebtedness of such Subsidiary Guarantor) and after giving effect to any collections from or payments made by or on behalf of any other Subsidiary Guarantor in respect of the obligations of such other Subsidiary Guarantor under its Subsidiary Guarantee or pursuant to Section 13.710.7, result in the obligations of that such Subsidiary Guarantor under its Subsidiary the Guarantee not constituting such a fraudulent transfer or conveyance under federal or state lawconveyance.

Appears in 1 contract

Samples: Credit Agreement (Vertis Inc)

Limitation of Subsidiary Guarantor's Liability. Each Subsidiary Guarantor, Guarantor and by its acceptance hereof each Holder, Holder hereby confirms that it is the intention of all such parties that the Guarantee guarantee by that such Subsidiary Guarantor pursuant to its Subsidiary Guarantee not constitute a fraudulent transfer or conveyance for purposes of the Federal Bankruptcy CodeLaw, the Uniform Fraudulent Conveyance Act, the Uniform Fraudulent Transfer Act or any similar Federal federal or state law. To effectuate the foregoing intention, the Holders and such Subsidiary Guarantor hereby irrevocably agree that the obligations of such Subsidiary Guarantor under its Subsidiary the Guarantee shall be limited to the maximum amount thatas will, after giving effect to all other contingent and fixed liabilities of such Subsidiary Guarantor (including, but not limited to, the Guarantor Senior Indebtedness of such Subsidiary Guarantor) and after giving effect to any collections from or payments made by or on behalf of any other Subsidiary Guarantor in respect of the obligations of such other Subsidiary Guarantor under its Subsidiary Guarantee or pursuant to Section 13.711.7, result in the obligations of that such Subsidiary Guarantor under its Subsidiary the Guarantee not constituting such a fraudulent transfer or conveyance under federal or state law.

Appears in 1 contract

Samples: Indenture (RSC Duval Inc)

Limitation of Subsidiary Guarantor's Liability. Each Subsidiary Guarantor, Guarantor and by its acceptance hereof each Holder, hereby Holder confirms that it is the intention of all such parties that the Subsidiary Guarantee by that of such Subsidiary Guarantor pursuant to its Subsidiary Guarantee not constitute a fraudulent transfer or conveyance for purposes of the Federal Bankruptcy CodeLaw, the Uniform Fraudulent Conveyance Act, the Uniform Fraudulent Transfer Act or any similar Federal federal or state lawlaw or the provisions of its local law relating to fraudulent transfer or conveyance. To effectuate the foregoing intention, the Trustee, the Holders and such Subsidiary Guarantor Guarantors hereby irrevocably agree that the obligations of such Subsidiary Guarantor under its Subsidiary Guarantee shall be limited to the maximum amount thatthat will not, after giving effect to all other contingent and fixed liabilities of such Subsidiary Guarantor (including, without limitation, any guarantees under the Amended Credit Agreement) and after giving effect to any collections from, rights to receive contribution from or payments made by or on behalf of any other Subsidiary Guarantor in respect of the obligations of such other Subsidiary Guarantor under its Subsidiary Guarantee or pursuant to Section 13.7Guarantee, result in the obligations of that such Subsidiary Guarantor under its Subsidiary Guarantee not constituting such a fraudulent conveyance, fraudulent preference or fraudulent transfer or conveyance otherwise reviewable under federal or state applicable law.

Appears in 1 contract

Samples: Papa Johns International Inc

Limitation of Subsidiary Guarantor's Liability. Each Subsidiary Guarantor, and by its acceptance hereof each HolderHolder and the Trustee, hereby confirms that it is the intention of all such parties that the Guarantee guarantee by that such Subsidiary Guarantor pursuant to its Subsidiary Guarantee Guaranty not constitute a fraudulent transfer or conveyance for purposes of title 11 of the Federal Bankruptcy United States Code, as amended, the Uniform Fraudulent Conveyance Act, the Uniform Fraudulent Transfer Act or any similar U.S. Federal or state or other applicable law. To effectuate the foregoing intention, the Holders and such each Subsidiary Guarantor hereby irrevocably agree that the obligations of such each Subsidiary Guarantor under its Subsidiary Guarantee Guaranty shall be limited to the maximum amount thatas will, after giving effect to all other contingent and fixed liabilities of such Subsidiary Guarantor (including any Senior Indebtedness incurred after the Issue Date) and after giving effect to any collections from or payments made by or on behalf of any other Subsidiary Guarantor in respect of the obligations of such other Subsidiary Guarantor under its Subsidiary Guarantee Guaranty or pursuant to Section 13.711.05, result in the obligations of that such Subsidiary Guarantor under its Subsidiary Guarantee Guaranty not constituting such a fraudulent transfer or conveyance under federal or state lawconveyance.

Appears in 1 contract

Samples: Indenture (Gentek Inc)

Limitation of Subsidiary Guarantor's Liability. Each Subsidiary Guarantor, and by its acceptance hereof each Holder, hereby confirms confirm that it is the intention of all such parties that the Guarantee guarantee by that such Subsidiary Guarantor pursuant to its Subsidiary Guarantee not constitute a fraudulent transfer or conveyance for purposes of the Federal Bankruptcy Code, the Uniform Fraudulent Conveyance Act, the Uniform Fraudulent Transfer Act or any similar Federal federal or state law. To effectuate the foregoing intention, the Holders and such each Subsidiary Guarantor hereby irrevocably agree that the obligations of such Subsidiary Guarantor under its Subsidiary Guarantee shall be limited to the maximum amount thatas will, after giving effect to all other contingent and fixed liabilities of such Subsidiary Guarantor and after giving effect to any collections from or payments made by or on behalf of any other Subsidiary Guarantor in respect of the obligations of such other Subsidiary Guarantor under its Subsidiary Guarantee or pursuant to Section 13.713.5 hereof, result in the obligations of that such Subsidiary Guarantor under its Subsidiary Guarantee not constituting such a fraudulent transfer conveyance or conveyance under federal or state lawfraudulent transfer. This Section 13.4 is for the benefit of the creditors of each Subsidiary Guarantor.

Appears in 1 contract

Samples: Indenture (KCS Medallion Resources Inc)

Limitation of Subsidiary Guarantor's Liability. Each Subsidiary Guarantor, Guarantor and by its acceptance hereof each Holder, hereby Holder confirms that it is the intention of all such parties that the Guarantee guarantee by that each Subsidiary Guarantor pursuant to its Subsidiary Note Guarantee not constitute a fraudulent transfer or conveyance for purposes 103 of the Federal Bankruptcy Code, the Uniform Fraudulent Conveyance Act, the Uniform Fraudulent Transfer Act or any similar Federal federal or state lawlaw or the provisions of its local law relating to fraudulent transfer or conveyance. To effectuate the foregoing intention, the Holders and such Subsidiary Guarantor hereby irrevocably agree that the obligations of such Subsidiary Guarantor under its Subsidiary Note Guarantee shall be limited to the maximum amount thatthat will not, after giving effect to all other contingent and fixed liabilities of such Subsidiary Guarantor and after giving effect to any collections from or payments made by or on behalf of any other Subsidiary Guarantor in respect of the obligations of such other Subsidiary Guarantor under its Subsidiary Note Guarantee or pursuant to this Section 13.71305 hereof, result in the obligations of that such Subsidiary Guarantor under its Subsidiary Note Guarantee not constituting such a fraudulent transfer or conveyance under federal or state lawconveyance.

Appears in 1 contract

Samples: Ameristeel Corp

Limitation of Subsidiary Guarantor's Liability. Each Subsidiary Guarantor, and by its acceptance hereof of a Security each HolderSecurityholder, hereby confirms that it is the intention of all such parties that the Guarantee guarantee by that such Subsidiary Guarantor pursuant to its Subsidiary Guarantee not constitute a fraudulent transfer or conveyance for purposes of the Bankruptcy Law, Federal Bankruptcy Code, the Uniform Fraudulent Conveyance Act, the Uniform Fraudulent Transfer Act and state fraudulent conveyance laws or any similar Federal or state lawother legal principles. To effectuate the foregoing intention, the Holders Securityholders and such each Subsidiary Guarantor hereby irrevocably agree that the obligations of such Subsidiary Guarantor under its the Subsidiary Guarantee shall be limited to the maximum amount thatas will, after giving effect to all other contingent and fixed liabilities of such Subsidiary Guarantor and after giving effect to any collections from or payments made by or on behalf of any other Subsidiary Guarantor in respect of the obligations of such other Subsidiary Guarantor under its Subsidiary Guarantee or pursuant to Section 13.711.05 hereof, result in the obligations of that such Subsidiary Guarantor under its the Subsidiary Guarantee not constituting such a fraudulent transfer or conveyance under federal or state law.

Appears in 1 contract

Samples: Mentus Media Corp

Limitation of Subsidiary Guarantor's Liability. Each Subsidiary Guarantor, and by its acceptance hereof each Holder, hereby confirms that it is the intention of all such parties that the Guarantee by that such Subsidiary Guarantor pursuant to its Subsidiary Guarantee not constitute a fraudulent transfer or conveyance for purposes of the Federal any Bankruptcy CodeLaw, the Uniform Fraudulent Conveyance Act, the Uniform Fraudulent Transfer Act or any similar Federal federal or state law. To effectuate the foregoing intention, the Holders and such Subsidiary Guarantor hereby irrevocably agree that the obligations Guarantee Obligations of such Subsidiary Guarantor under its Subsidiary Guarantee this Article 12 shall be limited to the maximum amount thatas shall, after giving effect to all other contingent and fixed liabilities of such Subsidiary Guarantor and after giving effect to any collections from or payments made by or on behalf of any other Subsidiary Guarantor in respect of the obligations Guarantee Obligations of such other Subsidiary Guarantor under its Subsidiary Guarantee or pursuant to Section 13.7this Article 12, result in the obligations Guarantee Obligations of that such Subsidiary Guarantor under its the Subsidiary Guarantee of such Subsidiary Guarantor not constituting such a fraudulent transfer or conveyance under federal or state lawconveyance.

Appears in 1 contract

Samples: Indenture (Raceland Truck Plaza & Casino LLC)

Limitation of Subsidiary Guarantor's Liability. (a) Each Subsidiary Guarantor, Guarantor and by its acceptance hereof hereof, each Holderbeneficiary hereof, hereby confirms confirm that it is the its intention of all such parties that the Subsidiary Guarantee by that such Subsidiary Guarantor pursuant to its Subsidiary Guarantee not constitute a fraudulent transfer or conveyance for purposes of the Federal Bankruptcy CodeLaw, the Uniform Fraudulent Conveyance Act, the Uniform Fraudulent Transfer Act or any similar Federal federal or state lawlaw to the extent applicable to any of the Subsidiary Guarantees. To effectuate the foregoing intention, the Holders and each such Subsidiary Guarantor Person hereby irrevocably agree agrees that the obligations of such Subsidiary Guarantor under its Subsidiary Guarantee under this Article 10 shall be limited to the maximum amount thatas will, after giving effect to all other contingent and fixed liabilities of such Subsidiary Guarantor and after giving effect to any collections from or payments made by or on behalf of any other Subsidiary Guarantor in respect of the obligations of such other Subsidiary Guarantor under its Subsidiary Guarantee or pursuant to Section 13.7its contribution obligations under this Indenture, result in the obligations of that such Subsidiary Guarantor under its the Subsidiary Guarantee not constituting such a fraudulent conveyance or fraudulent transfer or conveyance under federal or state law.

Appears in 1 contract

Samples: Ram Energy Inc/Ok

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Limitation of Subsidiary Guarantor's Liability. Each Subsidiary Guarantor, and by its acceptance hereof each HolderHolder of Notes, hereby confirms that it is the intention of all such parties that the Guarantee guarantee by that such Subsidiary Guarantor pursuant to its Subsidiary Guarantee not constitute a fraudulent transfer or conveyance for purposes of the Federal Bankruptcy CodeLaw, the Uniform Fraudulent Conveyance Act, the Uniform Fraudulent Transfer Act or any similar Federal federal or state law. To effectuate the foregoing intention, the Holders of Notes and such each Subsidiary Guarantor hereby irrevocably agree that the obligations of such Subsidiary Guarantor under its Subsidiary Guarantee this Article 10 shall be limited to the maximum amount thatas will, after giving effect to all other contingent and fixed liabilities of such Subsidiary Guarantor and after giving effect to any collections from or payments made by or on behalf of any other Subsidiary Guarantor in respect of the obligations of such other Subsidiary Guarantor under its Subsidiary Guarantee or pursuant to Section 13.7this Article 10, result in the obligations of that such Subsidiary Guarantor under its the Subsidiary Guarantee of such Subsidiary Guarantor not constituting such a fraudulent transfer or conveyance under federal or state lawconveyance.

Appears in 1 contract

Samples: Supplemental Indenture (Encore Industries Inc /Ga)

Limitation of Subsidiary Guarantor's Liability. Each Subsidiary Guarantor, Guarantor and by its acceptance hereof each Holder, hereby Holder confirms that it is the intention of all such parties that the Guarantee guarantee by that such Subsidiary Guarantor pursuant to its Subsidiary Guarantee will not constitute a fraudulent transfer or conveyance for purposes of the Federal Bankruptcy CodeLaw, the Uniform Fraudulent Conveyance Act, the Uniform Fraudulent Transfer Act or any similar Federal federal or state law. To effectuate the foregoing intention, the Holders and such Subsidiary Guarantor hereby irrevocably agree that the obligations of such Subsidiary Guarantor under its Subsidiary the Guarantee shall be limited to the maximum amount thatas will, after giving effect to all other contingent and fixed liabilities (including, but not limited to, Guarantor Senior Debt of such Subsidiary Guarantor) of such Subsidiary Guarantor and after giving effect to any collections from or payments made by or on behalf of any other Subsidiary Guarantor in respect of the obligations of such other Subsidiary Guarantor under its Subsidiary Guarantee or pursuant to Section 13.716.6, result in the obligations of that such Subsidiary Guarantor under its Subsidiary the Guarantee not constituting to constitute such a fraudulent transfer or conveyance under federal or state lawconveyance.

Appears in 1 contract

Samples: Apria Healthcare Group Inc

Limitation of Subsidiary Guarantor's Liability. Each Subsidiary GuarantorGuarantor and, and by its acceptance hereof hereof, each Holder, of the Holders hereby confirms that it is the intention of all such parties that the Guarantee guarantee by that such Subsidiary Guarantor pursuant to its Subsidiary Guarantee not constitute a fraudulent transfer or conveyance for purposes of the Federal any Bankruptcy CodeLaw, the Uniform Fraudulent Conveyance Act, the Uniform Fraudulent Transfer Act or any similar Federal or state law. To effectuate the foregoing intention, the Holders and such Subsidiary Guarantor hereby irrevocably agree that the obligations of such Subsidiary Guarantor under its the Subsidiary Guarantee shall be limited to the maximum amount thatas shall, after giving effect to all other contingent and fixed liabilities of such Subsidiary Guarantor and and, to the extent permitted by applicable Law, after giving effect to any collections from or payments made by or on behalf of any other Subsidiary Guarantor in respect of the obligations of such other Subsidiary Guarantor under its Subsidiary Guarantee or pursuant to Section 13.79.04, result in the obligations of that such Subsidiary Guarantor under its the Subsidiary Guarantee not constituting such a fraudulent transfer or conveyance under federal or state lawconveyance.

Appears in 1 contract

Samples: Indenture (Molecular Insight Pharmaceuticals, Inc.)

Limitation of Subsidiary Guarantor's Liability. Each Subsidiary Guarantor, and by its acceptance hereof each Holder, hereby confirms confirm that it is the intention of all such parties that the Guarantee guarantee by that such Subsidiary Guarantor pursuant to its Subsidiary Guarantee not constitute a fraudulent transfer or conveyance for purposes of the Federal Bankruptcy Code, the Uniform Fraudulent Conveyance Act, the Uniform Fraudulent Transfer Act or any similar Federal federal or state law. To effectuate the foregoing intention, the Holders and such each Subsidiary Guarantor hereby irrevocably agree that the obligations of such Subsidiary Guarantor under its Subsidiary Guarantee shall be limited to the maximum amount thatas will, after giving effect to all other contingent and fixed liabilities (including, but not limited to, Guarantor Senior Indebtedness) of such Subsidiary Guarantor and after giving effect to any collections from or payments made by or on behalf of any other Subsidiary Guarantor in respect of the obligations of such other Subsidiary Guarantor under its Subsidiary Guarantee or pursuant to Section 13.713.5 hereof, result in the obligations of that such Subsidiary Guarantor under its Subsidiary Guarantee not constituting such a fraudulent transfer conveyance or conveyance under federal or state lawfraudulent transfer. This Section 13.4 is for the benefit of the creditors of each Subsidiary Guarantor.

Appears in 1 contract

Samples: Indenture (Bellwether Exploration Co)

Limitation of Subsidiary Guarantor's Liability. Each Subsidiary Guarantor, Guarantor and by its acceptance hereof each Holder, Holder hereby confirms that it is the intention of all such parties that the Guarantee by that such Subsidiary Guarantor pursuant to its Subsidiary Note Guarantee not constitute a fraudulent transfer or conveyance for purposes of the Federal Bankruptcy CodeLaw, the Uniform Fraudulent Conveyance Act, the Uniform Fraudulent Transfer Act or any similar Federal or state law. To effectuate the foregoing intention, the Holders and each such Subsidiary Guarantor hereby irrevocably agree that the obligations Obligations of such Subsidiary Guarantor under its Subsidiary Note Guarantee shall be limited to the maximum amount thatas will, after giving effect to all other contingent and fixed liabilities of such Subsidiary Guarantor (including, without limitation, any Obligations under the Credit Facility) and after giving effect to any collections from or payments made by or on behalf of any other Subsidiary Guarantor in respect of the obligations of such other Subsidiary Guarantor under its Subsidiary Note Guarantee or pursuant to Section 13.711.6, result in the obligations Obligations of that such Subsidiary Guarantor under its Subsidiary Note Guarantee not constituting such a fraudulent transfer or conveyance under federal or state lawconveyance.

Appears in 1 contract

Samples: Supplemental Indenture (PSS Holding Inc)

Limitation of Subsidiary Guarantor's Liability. Each Subsidiary Guarantor, and by its acceptance hereof each Holder, hereby confirms that it is the intention of all such parties that the Guarantee by that such Subsidiary Guarantor pursuant to its Subsidiary Guarantee not constitute a fraudulent transfer or conveyance for purposes of the Federal any Bankruptcy CodeLaw, the Uniform Fraudulent Conveyance Act, the Uniform Fraudulent Transfer Act or any similar Federal federal or state law. To effectuate the foregoing intention, the Holders and such Subsidiary Guarantor hereby irrevocably agree that the obligations Guarantee Obligations of such Subsidiary Guarantor under its Subsidiary Guarantee this Article 10 shall be limited to the maximum amount thatas will, after giving effect to all other contingent and fixed liabilities of such Subsidiary Guarantor and after giving effect to any collections from or payments made by or on behalf of any other Subsidiary Guarantor in respect of the obligations Guarantee Obligations of such other Subsidiary Guarantor under its Subsidiary Guarantee or pursuant to Section 13.7this Article 10, result in the obligations Guarantee Obligations of that such Subsidiary Guarantor under its the Subsidiary Guarantee of such Subsidiary Guarantor not constituting such a fraudulent transfer or conveyance under federal or state lawconveyance.

Appears in 1 contract

Samples: Foodmaker Inc /De/

Limitation of Subsidiary Guarantor's Liability. Each Subsidiary Guarantor, and by its acceptance hereof each Holder, hereby confirms that it is the intention of all such parties that the Guarantee guarantee by that such Subsidiary Guarantor pursuant to its Subsidiary Guarantee not constitute a fraudulent transfer or conveyance for purposes of the Federal Bankruptcy CodeLaw, the Uniform Fraudulent Conveyance Act, the Uniform Fraudulent Transfer Act or any similar Federal federal or state law. To effectuate the foregoing intention, the Holders and such Subsidiary Guarantor hereby irrevocably agree that the obligations of such Subsidiary Guarantor under its Subsidiary Guarantee this Article Thirteen shall be limited to the maximum amount thatas will, after giving effect to all other contingent and fixed liabilities of such Subsidiary Guarantor and after giving effect to any collections from or payments made by or on behalf of any other Subsidiary Guarantor in respect of the obligations of such other Subsidiary Guarantor under its Subsidiary Guarantee or pursuant to Section 13.7this Article Thirteen, result in the obligations of that such Subsidiary Guarantor under its the Subsidiary Guarantee of such Subsidiary Guarantor not constituting such a fraudulent transfer or conveyance under federal or state lawconveyance.

Appears in 1 contract

Samples: Liberty Group Management Services Inc

Limitation of Subsidiary Guarantor's Liability. Each Subsidiary Guarantor, and by its acceptance hereof each Holder, hereby confirms confirm that it is the intention of all such parties that the Guarantee guarantee by that such Subsidiary Guarantor pursuant to its Subsidiary Guarantee not constitute a fraudulent transfer or conveyance for purposes of the Federal Bankruptcy Code, the Uniform Fraudulent Conveyance Act, the Uniform Fraudulent Transfer Act or any similar Federal federal or state law. To effectuate the foregoing intention, the Holders and such each Subsidiary Guarantor hereby irrevocably agree that the obligations of such Subsidiary Guarantor under its Subsidiary Guarantee shall be limited to the maximum amount thatas will, after giving effect to all other contingent and fixed liabilities of such Subsidiary Guarantor and after giving effect to any collections from or payments made by or on behalf of any other Subsidiary Guarantor in respect of the obligations of such other Subsidiary Guarantor under its Subsidiary Guarantee or pursuant to Section 13.713.5 hereof, result in the obligations of that such Subsidiary Guarantor under its Subsidiary Guarantee not constituting such a fraudulent transfer conveyance or conveyance under federal or state law.fraudulent transfer. This Section 13.4 is for the benefit of the creditors of each Subsidiary Guarantor. 87 102

Appears in 1 contract

Samples: Supplemental Indenture (KCS Energy Inc)

Limitation of Subsidiary Guarantor's Liability. Each Subsidiary Guarantor, and by its acceptance hereof each HolderHolder and the Trustee, hereby confirms that it is the intention of all such parties that the Guarantee guarantee by that such Subsidiary Guarantor pursuant to its Subsidiary Guarantee not constitute a fraudulent transfer or conveyance for purposes of title 11 of the Federal Bankruptcy United States Code, as amended, the Uniform Fraudulent Conveyance Act, the Uniform Fraudulent Transfer Act or any similar U.S. Federal or state or other applicable law. To effectuate the foregoing intention, the Holders and such Subsidiary Guarantor hereby irrevocably agree that the obligations of such Subsidiary Guarantor under its the Subsidiary Guarantee shall be limited to the maximum amount thatas will, after giving effect to all other contingent and fixed liabilities of such Subsidiary Guarantor and after giving effect to any collections from or payments made by or on behalf of any other Subsidiary Guarantor in respect of the obligations of such other Subsidiary Guarantor under its Subsidiary Guarantee or pursuant to Section 13.710.05, result in the obligations of that such Subsidiary Guarantor under its the Subsidiary Guarantee not constituting such a fraudulent transfer or conveyance under federal or state lawconveyance.

Appears in 1 contract

Samples: Prime Foods Development Corp

Limitation of Subsidiary Guarantor's Liability. Each Subsidiary Guarantor, Guarantor and by its acceptance hereof each Holder, Holder hereby confirms that it is the intention of all such parties that the Guarantee by that such Subsidiary Guarantor pursuant to its Subsidiary Guarantee not constitute a fraudulent transfer or conveyance for purposes of the Federal Bankruptcy CodeLaw, the Uniform Fraudulent Conveyance Act, the Uniform Fraudulent Transfer Act or any similar Federal or state law. To effectuate the foregoing intention, the Holders and each such Subsidiary Guarantor hereby irrevocably agree that the obligations Obligations of such Subsidiary Guarantor under its Subsidiary Guarantee shall be limited to the maximum amount thatas will, after giving effect to all other contingent and fixed liabilities of such Subsidiary Guarantor (including, without limitation, any Obligations under the Credit Facility) and after giving effect to any collections from or payments made by or on behalf of any other Subsidiary Guarantor in respect of the obligations of such other Subsidiary Guarantor under its Subsidiary Guarantee or pursuant to Section 13.711.6, result in the obligations Obligations of that such Subsidiary Guarantor under its Subsidiary Guarantee not constituting such a fraudulent transfer or conveyance under federal or state lawconveyance.

Appears in 1 contract

Samples: Supplemental Indenture (Everest One Ipa Inc)

Limitation of Subsidiary Guarantor's Liability. Each Subsidiary Guarantor, and by its acceptance hereof each HolderHolder and the Trustee, hereby confirms that it is the intention of all such parties that the Guarantee by that Subsidiary Guarantor pursuant to its Subsidiary Guarantee not constitute a fraudulent transfer or conveyance for purposes of Title 11 of the Federal Bankruptcy United States Code, as amended, the Uniform Fraudulent Conveyance Act, the Uniform Fraudulent Transfer Act or any similar Federal U.S. federal or state or other applicable law. To effectuate the foregoing intention, the Holders and such each Subsidiary Guarantor hereby irrevocably agree that the obligations of such each Subsidiary Guarantor under its the Subsidiary Guarantee shall be limited to the maximum amount thatas will, after giving effect to all other contingent and fixed liabilities of such Subsidiary Guarantor and after giving effect to any collections from or payments made by or on behalf of any other Subsidiary Guarantor in respect of the obligations of such other Subsidiary Guarantor under its Subsidiary Guarantee or pursuant to Section 13.710.4, result in the obligations of that such Subsidiary Guarantor under its Subsidiary Guarantee not constituting such a fraudulent transfer or conveyance under federal or state lawconveyance.

Appears in 1 contract

Samples: Clearview Cinema Group Inc

Limitation of Subsidiary Guarantor's Liability. Each Subsidiary Guarantor, Guarantor and by its acceptance hereof each Holder, Holder hereby confirms that it is the intention of all such parties that the Guarantee guarantee by that such Subsidiary Guarantor pursuant to its Subsidiary Guarantee not constitute a fraudulent transfer or conveyance for purposes of the Federal Bankruptcy CodeLaw, the Uniform Fraudulent Conveyance Act, the Uniform Fraudulent Transfer Act or any similar Federal or state law. To effectuate the foregoing intention, the Holders and such Subsidiary Guarantor hereby irrevocably agree that the obligations of such Subsidiary Guarantor under its the Subsidiary Guarantee shall be limited to the maximum amount thatas will, after giving effect to all other contingent and fixed liabilities of such Subsidiary Guarantor and after giving effect to any collections from or payments made by or on behalf of any other Subsidiary Guarantor in respect of the obligations of such other Subsidiary Guarantor under its Subsidiary Guarantee or pursuant to Section 13.710.5, result in the obligations of that such Subsidiary Guarantor under its the Subsidiary Guarantee not constituting such a fraudulent transfer or conveyance under federal or state law.

Appears in 1 contract

Samples: Southern Bottled Water Co Inc

Limitation of Subsidiary Guarantor's Liability. Each Subsidiary Guarantor, and by its acceptance hereof each Holder, hereby confirms that it is the intention of all such parties that the Guarantee by that such Subsidiary Guarantor pursuant to its Subsidiary Guarantee not constitute a fraudulent transfer or conveyance for purposes of the Federal any Bankruptcy CodeLaw, the Uniform Fraudulent Conveyance Act, the Uniform Fraudulent Transfer Act or any similar Federal federal or state law. To effectuate the foregoing intention, the Holders and such Subsidiary Guarantor hereby irrevocably agree that the obligations Guarantee Obligations of such Subsidiary Guarantor under its Subsidiary Guarantee this Article 10 shall be limited to the maximum amount thatas shall, after giving effect to all other contingent and fixed liabilities of such Subsidiary Guarantor and after giving effect to any collections from or payments made by or on behalf of any other Subsidiary Guarantor in respect of the obligations Guarantee Obligations of such other Subsidiary Guarantor under its Subsidiary Guarantee or pursuant to Section 13.7this Article 10, result in the obligations Guarantee Obligations of that such Subsidiary Guarantor under its the Subsidiary Guarantee of such Subsidiary Guarantor not constituting such a fraudulent transfer or conveyance under federal or state lawconveyance.

Appears in 1 contract

Samples: Indenture (Jacobs Entertainment Inc)

Limitation of Subsidiary Guarantor's Liability. Each Subsidiary Guarantor, Guarantor and by its acceptance hereof each Holder, hereby Holder confirms that it is the intention of all such parties that the Guarantee guarantee by that each Subsidiary Guarantor 107 pursuant to its Subsidiary Guarantee not constitute a fraudulent transfer or conveyance for purposes of the Federal Bankruptcy Code, the Uniform Fraudulent Conveyance Act, the Uniform Fraudulent Transfer Act or any similar Federal federal or state lawlaw or the provisions of its local law relating to fraudulent transfer or conveyance. To effectuate the foregoing intention, the Holders and such Subsidiary Guarantor hereby irrevocably agree that the obligations of such Subsidiary Guarantor under its Subsidiary Guarantee shall be limited to the maximum amount thatthat will not, after giving effect to all other contingent and fixed liabilities of such Subsidiary Guarantor and after giving effect to any collections from or payments made by or on behalf of any other Subsidiary Guarantor in respect of the obligations of such other Subsidiary Guarantor under its Subsidiary Guarantee or pursuant to Section 13.71306 hereof, result in the obligations of that such Subsidiary Guarantor under its Subsidiary Guarantee not constituting such a fraudulent transfer or conveyance under federal or state lawconveyance.

Appears in 1 contract

Samples: Satisfaction And (Afa Products Inc)

Limitation of Subsidiary Guarantor's Liability. (a) Each Subsidiary Guarantor, Guarantor and by its acceptance hereof hereof, each Holderbeneficiary hereof, hereby confirms confirm that it is the its intention of all such parties that the Subsidiary Guarantee by that such Subsidiary Guarantor pursuant to its Subsidiary Guarantee not constitute a fraudulent transfer or conveyance for purposes of the Federal Bankruptcy CodeLaw, the Uniform Fraudulent Conveyance Act, the Uniform Fraudulent Transfer Act or any similar Federal federal or state lawlaw to the extent applicable to any of the Subsidiary Guarantees. To effectuate the foregoing intention, the Holders and each such Subsidiary Guarantor person hereby irrevocably agree agrees that the obligations of such Subsidiary Guarantor under its Subsidiary Guarantee under this Article 10 shall be limited to the maximum amount thatas will, after giving effect to all other contingent and fixed liabilities of such Subsidiary Guarantor and after giving effect to any collections from or payments made by or on behalf of any other Subsidiary Guarantor in respect of the obligations of such other Subsidiary Guarantor under its Subsidiary Guarantee or pursuant to Section 13.7its contribution obligations under this Indenture, result in the obligations of that such Subsidiary Guarantor under its the Subsidiary Guarantee not constituting such a fraudulent conveyance or fraudulent transfer or conveyance under federal or state law.

Appears in 1 contract

Samples: Dawson Production Services Inc

Limitation of Subsidiary Guarantor's Liability. Each Subsidiary Guarantor, Guarantor and by its acceptance hereof each Holder, hereby Holder confirms that it is the intention of all such parties that the Guarantee guarantee by that each Subsidiary Guarantor pursuant to its Subsidiary Guarantee not constitute a fraudulent transfer or conveyance for purposes of the Federal Bankruptcy Code, the Uniform Fraudulent Conveyance Act, the Uniform Fraudulent Transfer Act or any similar Federal federal or state lawlaw or the provisions of its local law relating to fraudulent transfer or conveyance. To effectuate the foregoing intention, the Holders and such Subsidiary Guarantor hereby irrevocably agree that the obligations of such Subsidiary Guarantor under its Subsidiary Guarantee shall be limited to the maximum amount thatthat will not, after giving effect to all other contingent and fixed liabilities of such Subsidiary Guarantor and after giving effect to any collections from or payments made by or on behalf of any other Subsidiary Guarantor in respect of the obligations of such other Subsidiary Guarantor under its Subsidiary Guarantee or pursuant to Section 13.71306 hereof, result in the obligations of that such Subsidiary Guarantor under its Subsidiary Guarantee not constituting such a fraudulent transfer or conveyance under federal or state lawconveyance.

Appears in 1 contract

Samples: Indenture (Insight Health Services Corp)

Limitation of Subsidiary Guarantor's Liability. Each Subsidiary Guarantor, Guarantor and by its acceptance hereof each Holder, hereby Holder confirms that it is the intention of all such parties that the Subsidiary Guarantee by that of such Subsidiary Guarantor pursuant to its Subsidiary Guarantee not constitute a fraudulent transfer or conveyance for purposes of the Federal Bankruptcy CodeLaw, the Uniform Fraudulent Conveyance Act, the Uniform Fraudulent Transfer Act or any similar Federal federal or state lawlaw or the provisions of its local law relating to fraudulent transfer or conveyance. To effectuate the foregoing intention, the Trustee, the Holders and such Subsidiary Guarantor Guarantors hereby irrevocably agree that the obligations of such Subsidiary Guarantor under its Subsidiary Guarantee shall be limited to the maximum amount thatthat will not, after giving effect to all other contingent and fixed liabilities of such Subsidiary Guarantor (including, without limitation, any guarantees under the Senior Secured Credit Agreement) and after giving effect to any collections from, rights to receive contribution from or payments made by or on behalf of any other Subsidiary Guarantor in respect of the obligations of such other Subsidiary Guarantor under its Subsidiary Guarantee or pursuant to Section 13.7Guarantee, result in the obligations of that such Subsidiary Guarantor under its Subsidiary Guarantee not constituting such a fraudulent conveyance, fraudulent preference or fraudulent transfer or conveyance otherwise reviewable under federal or state applicable law.

Appears in 1 contract

Samples: Indenture (Brinker International, Inc)

Limitation of Subsidiary Guarantor's Liability. Each Subsidiary Guarantor, and by its acceptance hereof of a Security each HolderSecurityholder, hereby confirms that it is the intention of all such parties that the Guarantee guarantee by that such Subsidiary Guarantor pursuant to its Subsidiary Guarantee not constitute a fraudulent transfer or conveyance for purposes of the Bankruptcy Law, Federal Bankruptcy Code, the Uniform Fraudulent Conveyance Act, the Uniform Fraudulent Transfer Act and state fraudulent conveyance laws or any similar Federal or state lawother legal principles. To effectuate the foregoing intention, the Holders Securityholders and such each Subsidiary Guarantor hereby irrevocably agree that the obligations of such Subsidiary Guarantor under its the Subsidiary Guarantee shall be limited to the maximum amount thatas will, after giving effect to all other contingent and fixed liabilities of such Subsidiary Guarantor and after giving effect to any collections from or payments made by or on behalf of any other Subsidiary Guarantor in respect of the obligations of such other Subsidiary Guarantor under its Subsidiary Guarantee or pursuant to Section 13.710.05 hereof, result in the obligations of that such Subsidiary Guarantor under its the Subsidiary Guarantee not constituting such a fraudulent transfer or conveyance under federal or state law.

Appears in 1 contract

Samples: Indenture (Resort Investment LLC)

Limitation of Subsidiary Guarantor's Liability. Each Subsidiary Guarantor, Guarantor and by its acceptance hereof each Holder, hereby Holder confirms that it is the intention of all such parties that the Subsidiary Guarantee by that of such Subsidiary Guarantor pursuant to its Subsidiary Guarantee not constitute a fraudulent transfer or conveyance for purposes of the Federal Bankruptcy CodeLaw, the Uniform Fraudulent Conveyance Act, the Uniform Fraudulent Transfer Act or any similar Federal federal or state lawlaw or the provisions of its local law relating to fraudulent transfer or conveyance. To effectuate the foregoing intention, the Trustee, the Holders and such Subsidiary Guarantor Guarantors hereby irrevocably agree that the obligations of such Subsidiary Guarantor under its Subsidiary Guarantee shall be limited to the maximum amount thatthat will not, after giving effect to all other contingent and fixed liabilities of such Subsidiary Guarantor (including, without limitation, any guarantees under the Senior Secured Credit Facilities) and after giving effect to any collections from, rights to receive contribution from or payments made by or on behalf of any other Subsidiary Guarantor in respect of the obligations of such other Subsidiary Guarantor under its Subsidiary Guarantee or pursuant to Section 13.7Guarantee, result in the obligations of that such Subsidiary Guarantor under its Subsidiary Guarantee not constituting such a fraudulent conveyance, fraudulent preference or fraudulent transfer or conveyance otherwise reviewable under federal or state applicable law.

Appears in 1 contract

Samples: Indenture (Bloomin' Brands, Inc.)

Limitation of Subsidiary Guarantor's Liability. Each Subsidiary Guarantor, and by its acceptance hereof each Holder, hereby confirms that it is the intention of all such parties that the Guarantee guarantee by that such Subsidiary Guarantor pursuant to its Subsidiary Guarantee not constitute a fraudulent transfer or conveyance for purposes of the Federal Bankruptcy Code, the Uniform Fraudulent Conveyance Act, the Uniform Fraudulent Transfer Act or any similar Federal or state law. To effectuate the foregoing intention, the Holders and such each Subsidiary Guarantor hereby irrevocably agree that the obligations of such each Subsidiary Guarantor under its Subsidiary Guarantee shall be limited to the maximum amount thatas shall, after giving effect to all other contingent and fixed liabilities of such Subsidiary Guarantor (including, without limitation, any guarantees under the Senior Credit Facility) and after giving effect to any collections from or payments made by or on behalf of any other Subsidiary Guarantor in respect of the obligations of such other Subsidiary Guarantor under its Subsidiary Guarantee or pursuant to Section 13.79.04 of this Second Supplemental Indenture, result in the obligations of that such Subsidiary Guarantor under its Subsidiary Guarantee not constituting such a fraudulent conveyance or fraudulent transfer or conveyance under federal Federal or state law. This Section 9.03 is for the benefit of the creditors of each Subsidiary Guarantor.

Appears in 1 contract

Samples: Berry Petroleum (Berry Petroleum Co)

Limitation of Subsidiary Guarantor's Liability. Each Subsidiary Guarantor, and by its acceptance hereof each Holder, hereby confirms that it is the intention of all such parties that the Guarantee guarantee by that such Subsidiary Guarantor pursuant to its Subsidiary Guarantee not constitute a fraudulent transfer or conveyance for purposes of the Federal Bankruptcy Code, the Uniform Fraudulent Conveyance Act, the Uniform Fraudulent Transfer Act or any similar Federal or state law. To effectuate the foregoing intention, the Holders and such each Subsidiary Guarantor hereby irrevocably agree that the obligations of such each Subsidiary Guarantor under its Subsidiary Guarantee shall be limited to the maximum amount thatas shall, after giving effect to all other contingent and fixed liabilities of such Subsidiary Guarantor (including, without limitation, any guarantees under the Senior Credit Facility) and after giving effect to any collections from or payments made by or on behalf of any other Subsidiary Guarantor in respect of the obligations of such other Subsidiary Guarantor under its Subsidiary Guarantee or pursuant to Section 13.79.04 of this Third Supplemental Indenture, result in the obligations of that such Subsidiary Guarantor under its Subsidiary Guarantee not constituting such a fraudulent conveyance or fraudulent transfer or conveyance under federal Federal or state law. This Section 9.03 is for the benefit of the creditors of each Subsidiary Guarantor.

Appears in 1 contract

Samples: Berry Petroleum (Berry Petroleum Co)

Limitation of Subsidiary Guarantor's Liability. Each Subsidiary Guarantor, and by its acceptance hereof each Holder, hereby confirms that it is the intention of all such parties that the Guarantee by that Subsidiary Guarantor pursuant to its Subsidiary Guarantee not constitute a fraudulent transfer or conveyance for purposes of the Federal Bankruptcy Code, the Uniform Fraudulent Conveyance Act, the Uniform Fraudulent Transfer Act or any similar Federal federal or state law. To effectuate the foregoing intention, the Holders and such Subsidiary Guarantor hereby irrevocably agree that the obligations of such Subsidiary Guarantor under its Subsidiary Guarantee shall be limited to the maximum amount that, after giving effect to all other contingent and fixed liabilities of such Subsidiary Guarantor and after giving effect to any collections from or payments made by or on behalf of any other Subsidiary Guarantor in respect of the obligations of such other Subsidiary Guarantor under its Subsidiary Guarantee or pursuant to Section 13.7, result in the obligations of that Subsidiary Guarantor under its Subsidiary Guarantee not constituting such a fraudulent transfer or conveyance under federal or state law.

Appears in 1 contract

Samples: Fx Energy Inc

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