Common use of Limitation on Amount of Note Guaranty Clause in Contracts

Limitation on Amount of Note Guaranty. Notwithstanding anything to the contrary in this Article, each Guarantor, and by its acceptance of Notes, each Holder, hereby confirms that it is the intention of all such parties that the Note Guaranty of such Guarantor not constitute a fraudulent conveyance under applicable fraudulent conveyance provisions of the Bankruptcy Law or any comparable provision of state law. To effectuate that intention, the Trustee, the Collateral Trustee the Holders and the Guarantors hereby irrevocably agree that the obligations of each Guarantor under its Note Guaranty are limited to the maximum amount that would not render the Guarantor’s obligations subject to avoidance under applicable fraudulent conveyance provisions of any Bankruptcy Law or any comparable provision of state law. Any Foreign Subsidiaries guarantee may also be subject to other limitations specified in this Article or otherwise in the applicable supplemental indenture as contemplated by the Agreed Guarantee Principles.

Limitation on Amount of Note Guaranty. Notwithstanding anything to the contrary in this Article‎Article 10, each Guarantor, and by its acceptance of Notes, each Holder, hereby confirms that it is the intention of all such parties that the Note Guaranty of such Guarantor not constitute a fraudulent conveyance under applicable fraudulent conveyance provisions of the Bankruptcy Law or any comparable provision of state law. To effectuate that intention, the Trustee, the Collateral Trustee the Holders and the Guarantors hereby irrevocably agree that the obligations of each Guarantor under its Note Guaranty are limited to the maximum amount that would not render the Guarantor’s obligations subject to avoidance under applicable fraudulent conveyance provisions of any Bankruptcy Law or any comparable provision of state law. Any Foreign Subsidiaries guarantee may also be subject to other limitations specified in this Article ‎Article 10 or otherwise in the applicable supplemental indenture as contemplated by the Agreed Guarantee Principles.

Limitation on Amount of Note Guaranty. Notwithstanding anything to the contrary in this ArticleArticle 10, each Guarantor, and by its acceptance of Notes, each Holder, hereby confirms that it is the intention of all such parties that the Note Guaranty of such Guarantor not constitute a fraudulent conveyance under applicable fraudulent conveyance provisions of the Bankruptcy Law or any comparable provision of state law. To effectuate that intention, the Trustee, the Collateral Trustee the Holders and the Guarantors hereby irrevocably agree that the obligations of each Guarantor under its Note Guaranty are limited to the maximum amount that would not render the Guarantor’s obligations subject to avoidance under applicable fraudulent conveyance provisions of any Bankruptcy Law or any comparable provision of state law. Any Foreign Subsidiaries guarantee may also be subject to other limitations specified in this Article 10 or otherwise in the applicable supplemental indenture as contemplated by the Agreed Guarantee Principles.

Limitation on Amount of Note Guaranty. Notwithstanding anything to the contrary in this Article, each Guarantor, and by its acceptance of NotesNotes of any series, each HolderHolder of such Notes, hereby confirms that it is the intention of all such parties that the Note Guaranty of such Guarantor with respect to such Notes not constitute a fraudulent conveyance under applicable fraudulent conveyance provisions of the United States Bankruptcy Law Code or any comparable provision of state law. To effectuate that intention, the Trustee, the Collateral Trustee the Holders of such Notes and the Guarantors each such Guarantor hereby irrevocably agree that the obligations of each such Guarantor under its such Note Guaranty are limited to the maximum amount that would not render the such Guarantor’s 's obligations subject to avoidance under applicable fraudulent conveyance provisions of any the United States Bankruptcy Law Code or any comparable provision of state law. Any Foreign Subsidiaries guarantee may also be subject to other limitations specified in this Article or otherwise in the applicable supplemental indenture as contemplated by the Agreed Guarantee Principles.