Limitation on Obligations of Guarantor. The obligations of each Guarantor under its Secured Guarantee shall be limited to an aggregate amount equal to the largest amount that would not render such Secured Guarantee subject to avoidance under Section 548 of the United States Bankruptcy Code or any comparable provisions of applicable law.
Appears in 14 contracts
Samples: Guarantee and Pledge Agreement, Credit Agreement, Credit Agreement
Limitation on Obligations of Guarantor. The obligations of each Guarantor under its Secured Guarantee shall be limited to an aggregate amount equal to the largest amount that would not render such Secured Guarantee subject to avoidance under Section 548 of the United States Bankruptcy Code or any comparable provisions of applicable law.
Appears in 5 contracts
Samples: Guarantee and Collateral Agreement (School Specialty Inc), Guarantee and Collateral Agreement (School Specialty Inc), Guarantee and Collateral Agreement (Electronic Cigarettes International Group, Ltd.)
Limitation on Obligations of Guarantor. The obligations of each Guarantor under its Secured the Guarantee shall be limited to an aggregate amount equal to the largest amount that would not render such Secured Guarantee subject invalid or unenforceable under any laws applicable to avoidance under Section 548 of the United States Bankruptcy Code or any comparable provisions of applicable lawsuch Guarantor.
Appears in 3 contracts
Samples: Foreign Pledge Agreement (Nortel Networks LTD), Canadian Guarantee and Security Agreement (Nortel Networks LTD), Foreign Pledge Agreement (Nortel Networks Corp)
Limitation on Obligations of Guarantor. The obligations of each the Guarantor under its Secured this Guarantee shall be limited to an aggregate amount equal to the largest amount that would not render such Secured Guarantee invalid or unenforceable or subject to avoidance under Section 548 of the United States Bankruptcy Code or any comparable provisions of applicable law.
Appears in 2 contracts
Samples: Guarantee Agreement (Nortel Networks Corp), Guarantee Agreement (Nortel Networks LTD)
