Common use of Limitation on Obligations Guaranteed Clause in Contracts

Limitation on Obligations Guaranteed. (a) Notwithstanding any other provision hereof, the right of recovery against the Guarantor under Article II hereof shall be limited to the maximum amount that can be guaranteed by the Guarantor without rendering the Guarantor’s obligations under Article II hereof void or voidable under applicable law, including, without limitation, the Uniform Fraudulent Conveyance Act (“UFCA”), Uniform Fraudulent Transfer Act (“UFTA”) or any similar foreign, federal or state law, in each case after giving full effect to the liability under such guarantee set forth in Article II hereof and its related contribution rights but before taking into account any liabilities under any other guarantee by the Guarantor. For purposes of the foregoing, all guarantees of the Guarantor other than the guarantee under Article II hereof will be deemed to be enforceable and payable after the guaranty under Article II hereof. To the fullest extent permitted by applicable law, this Section 2.07 shall be for the benefit solely of creditors and representatives of creditors of the Guarantor and not for the benefit of the Guarantor or the holders of any Equity Interest in the Guarantor.

Limitation on Obligations Guaranteed. (a) Notwithstanding any other provision hereof, the right of recovery against the each Guarantor under Article II Section 2 hereof shall be limited to the maximum amount that can be guaranteed by the such Guarantor without rendering the such Guarantor’s obligations under Article II Section 2 hereof void or voidable under applicable law, including, without limitation, the Uniform Fraudulent Conveyance Act (“UFCA”)Act, Uniform Fraudulent Transfer Act (“UFTA”) or any similar foreign, federal or state law, in each case after giving full effect to the liability under such guarantee set forth in Article II Section 2 hereof and its related contribution rights but before taking into account any liabilities under any other guarantee by the such Guarantor. For purposes of the foregoing, all guarantees of the such Guarantor other than the guarantee under Article II Section 2 hereof will be deemed to be subordinated to and only enforceable and payable after the guaranty under Article II Section 2 hereof. To the fullest extent permitted by applicable law, this Section 2.07 2.2(a) shall be for the benefit solely of creditors and representatives of creditors of the each Guarantor and not for the benefit of the such Guarantor or the holders of any Equity Interest in the such Guarantor.

Limitation on Obligations Guaranteed. (a) Notwithstanding any other provision hereof, the right of recovery against the each Guarantor under Article II Section 2 hereof shall be limited to the maximum amount that can be guaranteed by the such Guarantor without rendering the such Guarantor’s obligations under Article II Section 2 hereof void or voidable under applicable law, including, without limitation, the Uniform Fraudulent Conveyance Act (“UFCA”)Act, Uniform Fraudulent Transfer Act (“UFTA”) or any similar foreign, federal or state law, in each case after giving full effect to the liability under such guarantee set forth in Article II Section 2 hereof and its related contribution rights but before taking into account any liabilities under any other guarantee by the such Guarantor. For purposes of the foregoing, all guarantees of the such Guarantor other than the guarantee under Article II Section 2 hereof will be deemed to be enforceable and payable after the guaranty under Article II Section 2 hereof. To the fullest extent permitted by applicable law, this Section 2.07 2.2(a) shall be for the benefit solely of creditors and representatives of creditors of the each Guarantor and not for the benefit of the such Guarantor or the holders of any Equity Interest in the such Guarantor.