Common use of Limited Guaranty; Reserves Clause in Contracts

Limited Guaranty; Reserves. (A) This Guaranty is limited in amount to (a) an amount equal to the difference between (1) the principal balance of the Obligations, and (2) fifty percent (50%) of the Value (as defined below) of any shares of common stock of the Guarantor purchased by Debtor using proceeds of advances under the Note and upon which Secured Party has a perfected first priority security interest less accrued and unpaid interest on the Note, plus (b) costs and expenses provided for in Section 4 hereof (collectively, the "Maximum Amount"). For purposes of this paragraph: (i) the term "

Limited Guaranty; Reserves. (A) This Guaranty is limited in amount to (a) an amount equal to the difference between (1) the principal balance of the Obligations, and (2) fifty percent (50%) of the Value (as defined below) of any shares of common stock of the Guarantor purchased by Debtor using proceeds of advances under the Note and upon which Secured Party has a perfected first priority security interest less accrued and unpaid interest on the Note, plus (b) costs and expenses provided for in Section 4 hereof (collectively, the "Maximum Amount"). ) For purposes of this paragraph: (i) the term "