Common use of Limitation on Obligations of Guarantor Clause in Contracts

Limitation on Obligations of Guarantor. The obligations of each Subsidiary that is a Guarantor under this Article 10 shall be limited to an aggregate amount equal to the largest amount that would not render such Guarantor’s obligation subject to avoidance under (i) Xxxxxxx 000 xx xxx Xxxxxx Xxxxxx Bankruptcy Code or (ii) any comparable provisions of applicable law.

Limitation on Obligations of Guarantor. The obligations of each Subsidiary that is a Guarantor under this Article 10 shall be limited to an aggregate amount equal to the largest amount that would not render such Guarantor’s obligation subject to avoidance under (i) Xxxxxxx 000 xx xxx Xxxxxx Xxxxxx Section 548 of the United States Bankruptcy Code or (ii) any comparable provisions of applicable law.