Common use of Limitation on Guarantied Obligations Clause in Contracts

Limitation on Guarantied Obligations. Notwithstanding anything in Section 2.1 or elsewhere in this Guaranty or any other Financing Document to the contrary, the obligations of each Guarantor under this Guaranty shall at each point in time be limited to an aggregate amount equal to the greatest amount that would not result in such obligations being subject to avoidance, or otherwise result in such obligations being unenforceable, at such time under applicable law (including, without limitation, to the extent, and only to the extent, applicable to each Guarantor, Section 548 of the Bankruptcy Code of the United States of America and any comparable provisions of the law of any other jurisdiction, any capital preservation law of any jurisdiction and any other law of any jurisdiction that at such time limits the enforceability of the obligations of such Guarantor under this Guaranty).

Appears in 5 contracts

Samples: Joint and Several Guaranty (Smithfield Foods Inc), Smithfield Foods Inc, Smithfield Foods Inc

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Limitation on Guarantied Obligations. Notwithstanding anything in Section Paragraph 2.1 or elsewhere in this Guaranty or any other Financing Document to the contrary, the obligations of each the Guarantor under this Guaranty shall at each point in time be limited to an aggregate amount equal to the greatest amount that would not result in such obligations being subject to avoidance, or otherwise result in such obligations being unenforceable, at such time under applicable law (including, without limitation, to the extent, and only to the extent, applicable to each the Guarantor, Section 548 of the Bankruptcy Code of the United States of America and any comparable provisions of the law of any other jurisdiction, any capital preservation law of any jurisdiction and any other law of any jurisdiction that at such time limits the enforceability of the obligations of such the Guarantor under this Guaranty).

Appears in 1 contract

Samples: Smithfield Foods Inc

Limitation on Guarantied Obligations. Notwithstanding anything in Section 2.1 or elsewhere in this Subsidiary Guaranty or any other Financing Document to the contrary, the obligations of each Guarantor under this Subsidiary Guaranty shall at each point in time be limited to an aggregate amount equal to the greatest amount that would not result in such obligations being subject to avoidance, or otherwise result in such obligations being unenforceable, at such time under applicable law (including, without limitation, to the extent, and only to the extent, applicable to each any such Guarantor, Section 548 of the Bankruptcy Code of the United States of America and any comparable provisions of the law of any other jurisdiction, any capital preservation law of any jurisdiction and any other law of any jurisdiction that at such time limits the enforceability of the obligations of such Guarantor under this Subsidiary Guaranty).

Appears in 1 contract

Samples: Questron Technology Inc

Limitation on Guarantied Obligations. (a) Notwithstanding anything in Section 2.1 or elsewhere in this Guaranty or any other Financing Document to the contrary, the obligations of each Guarantor under this Guaranty shall at each point in time be limited to an aggregate amount equal to the greatest amount that would not result in such obligations being subject to avoidance, or otherwise result in such obligations being unenforceable, at such time under applicable law (including, without limitation, to the extent, and only to the extent, applicable to each Guarantor, Section 548 of the Bankruptcy Code of the United States of America and any comparable provisions of the law of any other jurisdiction, any capital preservation law of any jurisdiction and any other law of any jurisdiction that at such time limits the enforceability of the obligations of such Guarantor under this Guaranty).

Appears in 1 contract

Samples: Smithfield Foods Inc

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Limitation on Guarantied Obligations. Notwithstanding anything in Section Paragraph 2.1 or elsewhere in this Guaranty or any other Financing Document to the contrary, the obligations of each Guarantor the Guarantors under this Guaranty shall at each point in time be limited to an aggregate amount equal to the greatest amount that would not result in such obligations being subject to avoidance, or otherwise result in such obligations being unenforceable, at such time under applicable law (including, without limitation, to the extent, and only to the extent, applicable to each Guarantorthe Guarantors, Section 548 of the Bankruptcy Code of the United States of America and any comparable provisions of the law of any other jurisdiction, any capital preservation law of any jurisdiction and any other law of any jurisdiction that at such time limits the enforceability of the obligations of such Guarantor the Guarantors under this Guaranty).

Appears in 1 contract

Samples: C Quential Inc

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