Common use of Limitation on Guarantors’ Liability Clause in Contracts

Limitation on Guarantors’ Liability. Each Guarantor by its acceptance hereof and each Holder of a Security entitled to the benefits of the Guarantee hereby confirms that it is the intention of all such parties that the guarantee by such Guarantor pursuant to the Guarantee not constitute a fraudulent transfer or conveyance for purposes of any federal or state law. To effectuate the foregoing intention, each Holder of a Security entitled to the benefits of the Guarantee and each Guarantor hereby irrevocably agrees that the obligations of each Guarantor under the Guarantee shall be limited to the maximum amount as will, after giving effect to all other contingent and fixed liabilities of such Guarantor and to any collections from or payments made by or on behalf of any other Guarantor in respect of the obligations of such other Guarantor under the Guarantee, not result in the obligations of such Guarantor under the Guarantee constituting a fraudulent conveyance or fraudulent transfer under federal or state law.

Appears in 11 contracts

Samples: Indenture (Sunoco, LLC), Indenture (Landmark Infrastructure Finance Corp.), Indenture Agreement (Direct Fuels LLC)

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Limitation on Guarantors’ Liability. Each Guarantor and by its acceptance hereof and each Holder of a Security entitled to the benefits of the Guarantee hereby confirms that it is the intention of all such parties that the guarantee by such Guarantor pursuant to the its Guarantee not constitute a fraudulent transfer or conveyance for purposes of any federal Federal or state law. To effectuate the foregoing intention, each Holder the Holders of a Security entitled to the benefits of the Guarantee and each Guarantor the Guarantors hereby irrevocably agrees agree that the obligations of each Guarantor under the its Guarantee shall be limited to the maximum amount as will, after giving effect to all other contingent and fixed liabilities of such Guarantor and to any collections from or payments made by or on behalf of any other Guarantor in respect of the obligations of such other Guarantor under the its Guarantee, not result in the obligations of such Guarantor under the Guarantee not constituting a fraudulent conveyance or fraudulent transfer under federal Federal or state law.

Appears in 8 contracts

Samples: Indenture (Mho, LLC), Indenture (Mho, LLC), Indenture (M/I Homes of Alabama, LLC)

Limitation on Guarantors’ Liability. Each Guarantor and by its acceptance hereof and each Holder of a Security entitled to the benefits of the Guarantee hereby confirms that it is the intention of all such parties that the guarantee by Guarantee of such Guarantor pursuant to the 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 lawlaw or the provisions of its local law relating to fraudulent transfer or conveyance. To effectuate the foregoing intention, each Holder of a Security entitled to the benefits of Trustee, the Guarantee Holders and each Guarantor Guarantors hereby irrevocably agrees agree that the obligations of each such Guarantor under the its Guarantee shall be limited to the maximum amount as willthat will not, after giving effect to all other contingent and fixed liabilities of such Guarantor and after giving effect to any collections from, rights to receive contribution from or payments made by or on behalf of any other Guarantor in respect of the obligations of such other Guarantor under the its Guarantee, not result in the obligations of such Guarantor under the its Guarantee constituting a fraudulent conveyance transfer or fraudulent transfer under federal or state lawconveyance.

Appears in 8 contracts

Samples: First Supplemental Indenture (Twilio Inc), First Supplemental Indenture (CrowdStrike Holdings, Inc.), Fifth Supplemental Indenture (Equinix Inc)

Limitation on Guarantors’ Liability. Each Guarantor and by its acceptance hereof and each Holder of a Security Note entitled to the benefits of the Guarantee hereby confirms that it is the intention of all such parties that the guarantee by such Guarantor pursuant to the its Guarantee not constitute a fraudulent transfer or conveyance for purposes of any federal Federal or state law. To effectuate the foregoing intention, each Holder the Holders of a Security Note entitled to the benefits of the Guarantee and each Guarantor the Guarantors hereby irrevocably agrees agree that the obligations of each Guarantor under the its Guarantee shall be limited to the maximum amount as will, after giving effect to all other contingent and fixed liabilities of such Guarantor and to any collections from or payments made by or on behalf of any other Guarantor in respect of the obligations of such other Guarantor under the its Guarantee, not result in the obligations of such Guarantor under the Guarantee not constituting a fraudulent conveyance or fraudulent transfer under federal Federal or state law.

Appears in 6 contracts

Samples: Indenture Agreement (Scotts Miracle-Gro Co), Indenture Agreement (Scotts Miracle-Gro Co), Indenture Agreement (Scotts Miracle-Gro Co)

Limitation on Guarantors’ Liability. Each Guarantor by its acceptance hereof and each Holder of a Security and the Trustee entitled to the benefits of the Guarantee hereby confirms that it is the intention of all such parties that the guarantee by such Guarantor pursuant to the Guarantee not constitute a fraudulent transfer or conveyance for purposes of any federal or state law. To effectuate the foregoing intention, each Holder of a Security and the Trustee entitled to the benefits of the Guarantee and each Guarantor hereby irrevocably agrees that the obligations of each Guarantor under the Guarantee shall be limited to the maximum amount as will, after giving effect to all other contingent and fixed liabilities of such Guarantor and to any collections from or payments made by or on behalf of any other Guarantor in respect of the obligations of such other Guarantor under the Guarantee, not result in the obligations of such Guarantor under the Guarantee constituting a fraudulent conveyance or fraudulent transfer under federal or state law.

Appears in 6 contracts

Samples: Indenture (PKST Op, L.P.), Indenture (NLCP Operating Partnership Lp), Indenture (Angel Oak Mortgage Operating Partnership, LP)

Limitation on Guarantors’ Liability. Each Guarantor and by its acceptance hereof and each Holder of a Security entitled to the benefits of the Guarantee hereby confirms that it is the intention of all such parties that the guarantee by such Guarantor pursuant to the Guarantee its Guaranty not constitute a fraudulent transfer or conveyance for purposes of any federal Federal or state law. To effectuate the foregoing intention, each Holder of a Security entitled to the benefits of Holders and the Guarantee and each Guarantor Guarantors hereby irrevocably agrees agree that the obligations of each Guarantor under the Guarantee its Guaranty shall be limited to the maximum amount as will, after giving effect to all other contingent and fixed liabilities of such Guarantor and to any collections from or payments made by or on behalf of any other Guarantor in respect of the obligations of such other Guarantor under the Guaranteeits Guaranty, not result in the obligations Obligations of such Guarantor under the Guarantee Guaranty not constituting a fraudulent conveyance or fraudulent transfer under federal Federal or state law.

Appears in 5 contracts

Samples: Indenture (American Restaurant Group Inc), Indenture (Piccadilly Cafeterias Inc), Indenture (Atlantic Express Transportation Corp)

Limitation on Guarantors’ Liability. Each Guarantor and by its acceptance hereof and each Holder of a Security Note entitled to the benefits of the Guarantee Guarantees hereby confirms confirm that it is the intention of all such parties that the guarantee by such Guarantor pursuant to the its Guarantee not constitute a fraudulent conveyance, fraudulent preference or fraudulent transfer or conveyance for purposes of any federal or state otherwise reviewable transaction under applicable law. To effectuate the foregoing intention, each Holder of the Holders of a Security Note entitled to the benefits of the Guarantee Guarantees and each Guarantor the Guarantors hereby irrevocably agrees agree that the obligations of each Guarantor under the its Guarantee shall be limited to the maximum amount as will, after giving effect to all other contingent and fixed liabilities of such Guarantor (including, without limitation, any guarantees under the Credit Agreement) and after giving effect to any collections from or payments made by or on behalf of any other Guarantor in respect of the obligations of such other Guarantor under the its Guarantee, not result in the obligations of such Guarantor under the its Guarantee not constituting a fraudulent conveyance conveyance, fraudulent preference or fraudulent transfer or otherwise reviewable transaction under federal or state applicable law.

Appears in 5 contracts

Samples: Indenture (Weatherford Irish Holdings Ltd.), Indenture (WUS Holding, L.L.C.), Indenture (WUS Holding, L.L.C.)

Limitation on Guarantors’ Liability. Each Guarantor Guarantor, and by its acceptance hereof and each Holder of a Security entitled to the benefits of the Guarantee hereby Holder, confirms that it is the intention of all such parties that the guarantee Guarantee by such Guarantor pursuant to the its Guarantee not constitute a fraudulent transfer or conveyance for purposes of the Bankruptcy Law, the Uniform Fraudulent Conveyance Act, the Uniform Fraudulent Transfer Act or any similar federal or state law. To effectuate the foregoing intention, each Holder of a Security entitled to the benefits of the Guarantee Holders and each such Guarantor hereby irrevocably agrees agree that the obligations Obligations of each such Guarantor under the Guarantee this Article X shall be limited to the maximum amount as willshall, after giving effect to all other contingent and fixed liabilities of such Guarantor and after giving effect to any collections from or payments made by or on behalf of any other Guarantor in respect of the obligations Obligations of such other Guarantor under the Guaranteethis Article X, not result in the obligations Obligations of such Guarantor under the its Guarantee not constituting a fraudulent transfer or conveyance or fraudulent transfer under applicable federal or state law.

Appears in 5 contracts

Samples: Indenture (Lear Corp Eeds & Interiors), Indenture (Lear Corp /De/), Indenture (Lear Corp)

Limitation on Guarantors’ Liability. Each Guarantor and by its acceptance hereof and each Holder of a Debt Security entitled to the benefits of the Guarantee hereby confirms that it is the intention of all such parties that the guarantee by such Guarantor pursuant to the its Guarantee not constitute a fraudulent transfer or conveyance for purposes of any federal Federal or state law. To effectuate the foregoing intention, each Holder the Holders of a Debt Security entitled to the benefits of the Guarantee and each Guarantor the Guarantors hereby irrevocably agrees agree that the obligations of each Guarantor under the its Guarantee shall be limited to the maximum amount as will, after giving effect to all other contingent and fixed liabilities of such Guarantor and to any collections from or payments made by or on behalf of any other Guarantor in respect of the obligations of such other Guarantor under the its Guarantee, not result in the obligations of such Guarantor under the Guarantee not constituting a fraudulent conveyance or fraudulent transfer under federal Federal or state law.

Appears in 5 contracts

Samples: Subordinated Debt Indenture (Calgon Carbon Corporation), Senior Debt Indenture (Calgon Carbon Corporation), Senior Debt Indenture (MOB Corp)

Limitation on Guarantors’ Liability. Each Guarantor and by its acceptance hereof and each Holder of a Security entitled to the benefits of the Guarantee hereby confirms confirm that it is the intention of all such parties that the guarantee by such Guarantor pursuant to the Guarantee not constitute a fraudulent transfer or conveyance for purposes of any federal Federal or state law. To effectuate the foregoing intention, each Holder the Holders of a Security entitled to the benefits of the Guarantee and each Guarantor the Guarantors hereby irrevocably agrees agree that the obligations of each Guarantor under the Guarantee shall be limited to the maximum amount as will, after giving effect to all other contingent and fixed liabilities of such Guarantor and to any collections from or payments made by or on behalf of any other Guarantor in respect of the obligations of such other Guarantor under the Guarantee, not result in the obligations of such Guarantor under the Guarantee constituting a fraudulent conveyance or fraudulent transfer under federal Federal or state law.

Appears in 4 contracts

Samples: Indenture (Centerpoint Energy Resources Corp), Indenture (Enable Midstream Partners, LP), Indenture (DCP Midstream Partners, LP)

Limitation on Guarantors’ Liability. Each Guarantor and by its acceptance hereof and each Holder of a Security Note entitled to the benefits of the Guarantee Guarantees hereby confirms confirm that it is the intention of all such parties that the guarantee by such Guarantor pursuant to the its Guarantee not constitute a fraudulent conveyance, fraudulent preference or fraudulent transfer or conveyance for purposes of any federal or state otherwise reviewable transaction under applicable law. To effectuate the foregoing intention, each Holder of the Holders of a Security Note entitled to the benefits of the Guarantee Guarantees and each Guarantor the Guarantors hereby irrevocably agrees agree that the obligations of each Guarantor under the its Guarantee shall be limited to the maximum amount as will, after giving effect to all other contingent and fixed liabilities of such Guarantor (including, without limitation, any guarantees under the Credit Agreement and the Term Loan Agreement) and after giving effect to any collections from or payments made by or on behalf of any other Guarantor in respect of the obligations of such other Guarantor under the its Guarantee, not result in the obligations of such Guarantor under the its Guarantee not constituting a fraudulent conveyance conveyance, fraudulent preference or fraudulent transfer or otherwise reviewable transaction under federal or state applicable law.

Appears in 3 contracts

Samples: Indenture (Weatherford International PLC), Eleventh Supplemental Indenture (Weatherford International PLC), Tenth Supplemental Indenture (Weatherford International PLC)

Limitation on Guarantors’ Liability. Each Guarantor by its acceptance hereof and each Holder of a Security Note entitled to the benefits of the Guarantee hereby confirms that it is the intention of all such parties that the guarantee by such Guarantor pursuant to the Guarantee not constitute a fraudulent transfer or conveyance for purposes of any federal or state law. To effectuate the foregoing intention, each Holder of a Security Note entitled to the benefits of the Guarantee and each Guarantor hereby irrevocably agrees that the obligations Obligations of each Guarantor under the Guarantee shall be limited to the maximum amount as will, after giving effect to all other contingent and fixed liabilities of such Guarantor and to any collections from or payments made by or on behalf of any other Guarantor in respect of the obligations Obligations of such other Guarantor under the Guarantee, not result in the obligations Obligations of such Guarantor under the Guarantee constituting a fraudulent conveyance or fraudulent transfer under federal or state law.

Appears in 3 contracts

Samples: First Supplemental Indenture (Phillips 66 Partners Lp), Third Supplemental Indenture (Phillips 66 Partners Lp), Second Supplemental Indenture (Phillips 66 Partners Lp)

Limitation on Guarantors’ Liability. Each Guarantor and by its acceptance hereof and each Holder of a Debt Security entitled to the benefits of the a Guarantee hereby confirms confirm that it is the intention of all such parties that the guarantee by such Guarantor pursuant to the its Guarantee not constitute a fraudulent transfer or conveyance for purposes of any federal or state law. To effectuate the foregoing intention, each Holder the Holders of a Debt Security entitled to the benefits of the a Guarantee and each Guarantor the Guarantors hereby irrevocably agrees agree that the obligations of each Guarantor under the its Guarantee shall be limited to the maximum amount as will, after giving effect to all other contingent and fixed liabilities of such Guarantor and to any collections from or payments made by or on behalf of any other Guarantor in respect of the obligations of such other Guarantor under the its Guarantee, not result in the obligations of such Guarantor under the its Guarantee not constituting a fraudulent conveyance or fraudulent transfer under federal or state law.

Appears in 3 contracts

Samples: Indenture (Independence Land Co LLC), Indenture (Enterprise Products Partners L P), Indenture (Acin LLC)

Limitation on Guarantors’ Liability. Each Guarantor and by its acceptance hereof and each Holder of a Security Note entitled to the benefits of the Guarantee hereby confirms confirm that it is the intention of all such parties that the guarantee by such Guarantor pursuant to the its Guarantee not constitute a fraudulent transfer or conveyance for purposes of any federal U.S. or Canadian federal, provincial, territorial or state law. To effectuate the foregoing intention, each Holder the Holders of a Security Note entitled to the benefits of the Guarantee Guarantees and each Guarantor the Guarantors hereby irrevocably agrees agree that the obligations of each Guarantor under the its Guarantee shall be limited to the maximum amount as will, after giving effect to such maximum amount and all other contingent and fixed liabilities of such Guarantor that are relevant under such laws and to any collections from, rights to receive contribution from or payments made by or on behalf of any other Guarantor in respect of the obligations of such other Guarantor under the its Guarantee, not result in the obligations of such Guarantor under the Guarantee not constituting a fraudulent conveyance or fraudulent transfer under federal applicable U.S. or Canadian federal, provincial, territorial or state law.

Appears in 3 contracts

Samples: Indenture (Bellatrix Exploration Ltd.), Indenture (Bellatrix Exploration Ltd.), Indenture (Bellatrix Exploration Ltd.)

Limitation on Guarantors’ Liability. Each Guarantor and by its acceptance hereof and each Holder of a Security entitled to the benefits of the Guarantee hereby confirms confirm that it is the intention of all such parties that the guarantee by such Guarantor pursuant to the Guarantee not constitute a fraudulent transfer or conveyance for purposes of any federal Federal or state law. To effectuate the foregoing intention, each Holder of a Security entitled to the benefits of the Guarantee and each Guarantor hereby irrevocably agrees that the obligations of each Guarantor under the Guarantee shall be limited to the maximum amount as will, after giving effect to all other contingent and fixed liabilities of such Guarantor and to any collections from or payments made by or on behalf of any other Guarantor in respect of the obligations of such other Guarantor under the Guarantee, not result in the obligations of such Guarantor under the Guarantee constituting a fraudulent conveyance or fraudulent transfer under federal Federal or state law.

Appears in 2 contracts

Samples: Indenture (Leap Wireless International Inc), Indenture (Leap Wireless International Inc)

Limitation on Guarantors’ Liability. Each Guarantor and by its acceptance hereof and each Holder of a Debt Security entitled to the benefits of the Guarantee hereby confirms confirm that it is the intention of all such parties that the guarantee by such Guarantor pursuant to the Guarantee not constitute a fraudulent transfer or conveyance for purposes of any federal Federal or state law. To effectuate the foregoing intention, each Holder the Holders of a Debt Security entitled to the benefits of the Guarantee and each Guarantor the Guarantors hereby irrevocably agrees agree that the obligations of each Guarantor under the Guarantee shall be limited to the maximum amount as will, after giving effect to all other contingent and fixed liabilities of such Guarantor and to any collections from or payments made by or on behalf of any other Guarantor in respect of the obligations of such other Guarantor under the Guarantee, not result in the obligations of such Guarantor under the Guarantee constituting a fraudulent conveyance or fraudulent transfer under federal Federal or state law, or being void or unenforceable under any law relating to insolvency of debtors.

Appears in 2 contracts

Samples: Senior Debt Indenture (Rayonier Operating Co LLC), Indenture (Rayonier Inc)

Limitation on Guarantors’ Liability. Each Guarantor and by its acceptance hereof and each Holder of a Security entitled to the benefits of the Guarantee hereby confirms confirm that it is the intention of all such parties that the guarantee by such Guarantor pursuant to the Guarantee not constitute a fraudulent transfer or conveyance for purposes of any federal Federal or state State law. To effectuate the foregoing intention, each Holder the Holders of a Security entitled to the benefits of the Guarantee and each Guarantor the Guarantors hereby irrevocably agrees agree that the obligations of each Guarantor under the Guarantee shall be limited to the maximum amount as will, after giving effect to all other contingent and fixed liabilities of such Guarantor and to any collections from or payments made by or on behalf of any other Guarantor in respect of the obligations of such other Guarantor under the Guarantee, not result in the obligations of such Guarantor under the Guarantee constituting a fraudulent conveyance or fraudulent transfer under federal Federal or state State law.

Appears in 2 contracts

Samples: Indenture (Precision Computer Systems Inc), Indenture (Chattem Inc)

Limitation on Guarantors’ Liability. Each Guarantor Guarantor, and by its acceptance hereof and each Holder of a Security entitled to the benefits of the Guarantee Holder, hereby confirms that it is the intention of all such parties that the guarantee Guarantee by such Guarantor pursuant to the its Guarantee not constitute a fraudulent transfer or conveyance for purposes of the Bankruptcy Law, the Uniform Fraudulent Conveyance Act, the Uniform Fraudulent Transfer Act or any similar federal or state law. To effectuate the foregoing intention, each Holder of a Security entitled to the benefits of the Guarantee Holders and each such Guarantor hereby irrevocably agrees irrevocable agree that the obligations Obligations of each such Guarantor under the Guarantee this Article 12 shall be limited to the maximum amount as will, after giving effect to all other contingent and fixed liabilities of such Guarantor and after giving effect to any collections from or payments made by or on behalf of any other Guarantor in respect of the obligations Obligations of such other Guarantor under the Guaranteethis Article 12, not result in the obligations Obligations of such Guarantor under the its Guarantee not constituting a fraudulent transfer or conveyance or fraudulent transfer under applicable federal or state law.

Appears in 2 contracts

Samples: Indenture (Federal Mogul Corp), Indenture (Federal Mogul U K Holdings Inc)

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Limitation on Guarantors’ Liability. Each Guarantor by its acceptance hereof and each Holder of a Security entitled to the benefits of the Guarantee hereby confirms that it is the intention of all such parties that the guarantee by such Guarantor pursuant to the Guarantee not constitute a fraudulent transfer or conveyance for purposes of any federal or state law. To effectuate the foregoing intention, each Holder of a Security entitled to the benefits of the Guarantee and each Guarantor hereby irrevocably agrees that the obligations of each Guarantor under the Guarantee shall be limited to the maximum amount as will, after giving effect to all other contingent and fixed liabilities of such Guarantor and to any collections from or payments made by or on behalf of any other Guarantor in respect of the obligations of such other Guarantor under the Guarantee, not result in the obligations of such Guarantor under the Guarantee constituting a fraudulent conveyance or fraudulent transfer under federal or state law.. Table Of Contents

Appears in 1 contract

Samples: Indenture (Cypress Energy Partners, L.P.)

Limitation on Guarantors’ Liability. Each Guarantor by its acceptance hereof and each Holder of a Security entitled to the benefits of the Guarantee hereby confirms that it is the intention of all such parties party that the guarantee by such Guarantor pursuant to the Guarantee this Guaranty not constitute a fraudulent transfer or conveyance for purposes of the United States Bankruptcy Code or another insolvency code, the Uniform Fraudulent Conveyance Act, the Uniform Fraudulent Transfer Act or any similar federal or state lawlaw to the extent applicable to this Guaranty. To effectuate the foregoing intention, each Holder of a Security entitled to the benefits of the Guarantee and each Guarantor Guarantors hereby irrevocably agrees agree that the obligations of each such Guarantor under the Guarantee this Guaranty shall be limited to the maximum amount as will, after giving effect to such maximum amount and all other contingent and fixed liabilities of such Guarantor that are relevant under such laws, and after giving effect to any collections from, rights to receive contribution from or payments made by or on behalf of any other Guarantor in respect of the obligations of such other Guarantor under the Guaranteethis Guaranty, not result in the obligations of such Guarantor under the Guarantee this Guaranty not constituting a fraudulent conveyance transfer or fraudulent transfer under federal or state lawconveyance.

Appears in 1 contract

Samples: Senior Subordinated Note Purchase Agreement (Transtechnology Corp)

Limitation on Guarantors’ Liability. Each Guarantor and by its acceptance hereof and each Holder of a Security entitled to the benefits of the Guarantee hereby confirms that it is the intention of all such parties that the guarantee by such Guarantor pursuant to the Guarantee its Guaranty not constitute a fraudulent transfer or conveyance for purposes of any federal Federal or state law. To effectuate the foregoing intention, each Holder of a Security entitled to the benefits of Holders and the Guarantee and each Guarantor Guarantors hereby irrevocably agrees agree that the obligations Obligations of each Guarantor under the Guarantee its Guaranty shall be limited to the maximum amount as will, after giving effect to all other contingent and fixed liabilities of such Guarantor and to any collections from or payments made by or on behalf of any other Guarantor in respect of the obligations Obligations of such other Guarantor under the Guaranteeits Guaranty, not result in the obligations Obligations of such Guarantor under the Guarantee Guaranty not constituting a fraudulent conveyance or fraudulent transfer under federal Federal or state lawlaw or render a Guarantor insolvent.

Appears in 1 contract

Samples: Indenture (Majestic Star Casino LLC)

Limitation on Guarantors’ Liability. Each Guarantor and by its acceptance hereof and each Holder of a Debt Security entitled to the benefits of the Guarantee hereby confirms confirm that it is the intention of all such parties that the guarantee by such Guarantor pursuant to the Guarantee not constitute a fraudulent transfer or conveyance for purposes of any federal Federal or state law. To effectuate the foregoing intention, each Holder the Holders of a Debt Security entitled to the benefits of the Guarantee and each Guarantor the Guarantors hereby irrevocably agrees agree that the obligations of each Guarantor under the Guarantee shall be limited to the maximum amount as will, after giving effect to all other contingent and fixed liabilities of such Guarantor and to any collections from or payments made by or on behalf of any other Guarantor in respect of the obligations of such other Guarantor under the Guarantee, not result in the obligations of such Guarantor under the Guarantee constituting a fraudulent conveyance or fraudulent transfer under federal Federal or state law.

Appears in 1 contract

Samples: Indenture (Boardwalk Pipeline Partners, LP)

Limitation on Guarantors’ Liability. Each Guarantor by its acceptance hereof and each Holder of a Security entitled to the benefits of the Guarantee hereby confirms that it is the intention of all such parties that the guarantee by such Guarantor pursuant to the Guarantee not constitute a fraudulent transfer or conveyance for purposes of any federal or state law. To effectuate the foregoing intention, each Holder of a Security entitled to the benefits of the Guarantee and each Guarantor hereby irrevocably agrees that the obligations of each Guarantor under the Guarantee shall be limited to the maximum amount as will, after giving effect to all other contingent and fixed liabilities of such Guarantor and to any collections from or payments made by or on behalf of any other Guarantor in respect of the obligations of such other Guarantor under the Guarantee, not result in the obligations of such Guarantor under the Guarantee constituting a fraudulent conveyance or fraudulent transfer under federal or state law.

Appears in 1 contract

Samples: Indenture (MedEquities Realty Operating Partnership, LP)

Limitation on Guarantors’ Liability. Each Guarantor Guarantor, and by ----------------------------------- its acceptance hereof and each Holder of a Security entitled to the benefits of the Guarantee holder, hereby confirms that it is the intention of all such parties that the guarantee Guarantee by such Guarantor pursuant to the its Guarantee not constitute a fraudulent transfer or conveyance for purposes of the Bankruptcy Law, the Uniform Fraudulent Conveyance Act, the Uniform Fraudulent Transfer Act or any similar federal or state law. To effectuate the foregoing intention, each Holder of a Security entitled to the benefits of the Guarantee Holders and each such Guarantor hereby irrevocably agrees agree that the obligations Obligations of each such Guarantor under the Guarantee this Article 4 shall be limited to the maximum amount as will, after giving effect to all other contingent and fixed liabilities of such Guarantor and after giving effect to any collections from or payments made by or on behalf of any other Guarantor in respect of the obligations Obligations of such other Guarantor under the Guaranteethis Article 4, not result in the obligations Obligation of such Guarantor under the its Guarantee not constituting a fraudulent transfer or conveyance or fraudulent transfer under applicable federal or state law.

Appears in 1 contract

Samples: First Supplemental Indenture (Federal Mogul Corp)

Limitation on Guarantors’ Liability. Each Guarantor ----------------------------------- and by its acceptance hereof and each Holder of a Security entitled to the benefits of the Guarantee Holder, hereby confirms that it is the intention of all such parties that the guarantee Guarantee by such Guarantor pursuant to the its Guarantee not constitute a fraudulent transfer or conveyance for purposes of the Bankruptcy Law, the Uniform Fraudulent Conveyance Act, the Uniform Fraudulent Transfer Act or any similar federal or state law. To effectuate the foregoing intention, each Holder of a Security entitled to the benefits of the Guarantee Holders and each such Guarantor hereby irrevocably agrees irrevocable agree that the obligations Obligations of each such Guarantor under the Guarantee this Article X shall be limited to the maximum amount as will, after giving effect to all other contingent and fixed liabilities of such Guarantor and after giving effect to any collections from or payments made by or on behalf of any other Guarantor in respect of the obligations Obligations of such other Guarantor under the Guaranteethis Article X, not result in the obligations Obligations of such Guarantor under the its Guarantee not constituting a fraudulent transfer or conveyance or fraudulent transfer under applicable federal or state law.

Appears in 1 contract

Samples: Indenture (Federal Mogul Corp)

Limitation on Guarantors’ Liability. Each Guarantor by its acceptance hereof and each Holder of a Security and the Trustee entitled to the benefits of the Guarantee hereby confirms that it is the intention of all such parties that the guarantee by such Guarantor pursuant to the Guarantee not constitute a fraudulent transfer or conveyance for purposes of any federal or state law. To effectuate the foregoing intention, each Holder of a Security and the Trustee entitled to the benefits of the Guarantee and each Guarantor hereby irrevocably agrees that the obligations of each Guarantor under the Guarantee shall be limited to the maximum amount as and will, after giving effect to all other contingent and fixed liabilities of such Guarantor and to any collections from or payments made by or on behalf of any other Guarantor in respect of the obligations of such other Guarantor under the Guarantee, not result in the obligations of such Guarantor under the Guarantee constituting a fraudulent conveyance or fraudulent transfer under federal or state law.

Appears in 1 contract

Samples: Indenture (Broadstone Net Lease LLC)

Limitation on Guarantors’ Liability. Each Guarantor and by its acceptance hereof and each Holder of a Security entitled to the benefits of the Guarantee hereby confirms that it is the intention of all such parties that the guarantee Guaranty by such Guarantor pursuant to the Guarantee its Guaranty not constitute a fraudulent transfer or conveyance for purposes of any federal Bankruptcy Law, the Uniform Fraudulent Conveyance Act, the Uniform Fraudulent Transfer Act or any similar Federal or state law. To effectuate the foregoing intention, each Holder of a Security entitled to the benefits of the Guarantee Holders and each such Guarantor hereby irrevocably agrees agree that the obligations of each such Guarantor under the Guarantee its Guaranty shall be limited to the maximum amount as will, after giving effect to all other contingent and fixed liabilities of such Guarantor and after giving effect to any collections from or payments made by or on behalf of any other Guarantor in respect of the obligations of such other Guarantor under the Guaranteeits Guaranty or pursuant to Section 14.13, not result in the obligations of such Guarantor under the Guarantee Guaranty not constituting a fraudulent conveyance or such fraudulent transfer under federal or state lawconveyance.

Appears in 1 contract

Samples: Supplemental Indenture (Chemtura CORP)

Limitation on Guarantors’ Liability. Each Guarantor and by its acceptance hereof and each Holder of a Security Note entitled to the benefits of the Guarantee hereby confirms confirm that it is the intention of all such parties that the guarantee by such Guarantor pursuant to the its Guarantee not constitute a fraudulent transfer or conveyance for purposes of any U.S. federal or state law. To effectuate the foregoing intention, each Holder the Holders of a Security Note entitled to the benefits of the Guarantee Guarantees and each Guarantor the Guarantors hereby irrevocably agrees agree that the obligations of each Guarantor under the its Guarantee shall be limited to the maximum amount as willshall, after giving effect to such maximum amount and all other contingent and fixed liabilities of such Guarantor that are relevant under such laws and to any collections from, rights to receive contribution from or payments made by or on behalf of any other Guarantor in respect of the obligations of such other Guarantor under the its Guarantee, not result in the obligations of such Guarantor under the Guarantee not constituting a fraudulent conveyance or fraudulent transfer under applicable U.S. federal or state law.

Appears in 1 contract

Samples: Indenture (Talen Energy Holdings, Inc.)

Limitation on Guarantors’ Liability. Each Guarantor and by its acceptance hereof and each Holder of a Security Note entitled to the benefits of the Guarantee Guarantees hereby confirms confirm that it is the intention of all such parties that the guarantee by such Guarantor pursuant to the its Guarantee not constitute a fraudulent conveyance, fraudulent preference or fraudulent transfer or conveyance for purposes of any federal or state otherwise reviewable transaction under applicable law. To effectuate the foregoing intention, each Holder of the Holders of a Security Note entitled to the benefits of the Guarantee Guarantees and each Guarantor the Guarantors hereby irrevocably agrees agree that the obligations of each Guarantor under the its Guarantee shall be limited to the maximum amount as will, after giving effect to all other contingent and fixed liabilities of such Guarantor (including, without limitation, any guarantees under the Credit Agreements) and after giving effect to any collections from or payments made by or on behalf of any other Guarantor in respect of the obligations of such other Guarantor under the its Guarantee, not result in the obligations of such Guarantor under the its Guarantee not constituting a fraudulent conveyance conveyance, fraudulent preference or fraudulent transfer or otherwise reviewable transaction under federal or state applicable law.

Appears in 1 contract

Samples: Indenture (Weatherford International PLC)

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