Common use of Limitation on Obligations of Subsidiary Guarantors Clause in Contracts

Limitation on Obligations of Subsidiary Guarantors. The obligations of each Subsidiary Guarantor hereunder shall be limited to an aggregate amount equal to the largest amount that would not render such guarantee subject to avoidance under Section 548 of the United States Bankruptcy Code or any comparable provisions of applicable law.(1)

Appears in 2 contracts

Samples: Subsidiary Guarantee Agreement (Ecolab Inc), Note Purchase Agreement (Ecolab Inc)

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Limitation on Obligations of Subsidiary Guarantors. The obligations of each Subsidiary Guarantor hereunder shall be limited to an aggregate amount equal to the largest amount that would not render such guarantee subject to avoidance under Section 548 of the United States Bankruptcy Code or any comparable provisions of applicable law.(1)such

Appears in 2 contracts

Samples: Term Loan Credit Agreement (Ecolab Inc), Day Credit Agreement (Ecolab Inc)

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Limitation on Obligations of Subsidiary Guarantors. The obligations of each Subsidiary Guarantor hereunder under its Secured Guarantee shall be limited to an aggregate amount equal to the largest amount that would not render such guarantee Secured Guarantee subject to avoidance under Section 548 of the United States Bankruptcy Code or any comparable provisions of applicable law.(1)law.

Appears in 1 contract

Samples: Guarantee and Collateral Agreement (AerCap Holdings N.V.)

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