Common use of Limited Obligations Clause in Contracts

Limited Obligations. It is the desire and intent of the Pledgor, the Collateral Agent and the Secured Creditors that this Agreement shall be enforced against the Pledgor to the fullest extent permissible under the laws and public policies applied in each jurisdiction in which enforcement is sought. If and to the extent that the obligations of the Pledgor under this Agreement shall be adjudicated to be invalid or unenforceable for any reason (including, without limitation, because of any applicable state or federal law relating to fraudulent conveyances or transfers, which laws would determine the solvency of the Pledgor by reference to the full amount of the Obligations at the time of the execution and delivery of this Agreement), then the amount of the Obligations of the Pledgor shall be deemed to be reduced and the Pledgor shall pay the maximum amount of the Obligations which would be permissible under the applicable law.

Limited Obligations. It is the desire and intent of the each Pledgor, the Collateral Agent Trustee and the Priority Lien Secured Creditors Parties that this Agreement shall be enforced against the Pledgor Pledgors to the fullest extent permissible under the laws and public policies applied in each jurisdiction in which enforcement is sought. If and to the extent that the obligations of the Pledgor Pledgors under this Agreement shall be adjudicated to be invalid or unenforceable for any reason (including, without limitation, because of any applicable state or federal law relating to fraudulent conveyances or transfers, which laws would determine the solvency of the Pledgor Pledgors by reference to the full amount of the Priority Lien Obligations at the time of the execution and delivery of this Agreement), then the amount of the Priority Lien Obligations of the Pledgor Pledgors shall be deemed to be reduced and the Pledgor Pledgors shall pay the maximum amount of the Priority Lien Obligations which would be permissible under the applicable law.

Limited Obligations. It is the desire and intent of the each Pledgor, the Collateral Agent Pledgee and the other Secured Creditors that this Agreement shall be enforced against the each Pledgor to the fullest extent permissible under the laws and public policies applied in each jurisdiction in which enforcement is sought. If and to the extent that the obligations of the each Pledgor under this Agreement shall be adjudicated to be invalid or unenforceable for any reason (including, without limitation, because of any applicable state or federal law relating to fraudulent conveyances or transfers, which laws would determine the solvency of the each Pledgor by reference to the full amount of the Obligations at the time of the execution and delivery of this Agreement), then the amount of the Obligations of the each Pledgor shall be deemed to be reduced and the such Pledgor shall pay the maximum amount of the Obligations which would be permissible under the applicable law.

Limited Obligations. It is the desire and intent of the each Pledgor, the Collateral Agent Pledgee and the Secured Creditors that this Agreement shall be enforced against the each Pledgor to the fullest extent permissible under the laws and public policies applied in each jurisdiction in which enforcement is sought. If and to the extent that the obligations of the each Pledgor under this Agreement shall be adjudicated to be invalid or unenforceable for any reason (including, without limitation, because of any applicable state or federal law relating to fraudulent conveyances or transfers, which laws would determine the solvency of the each Pledgor by reference to the full amount of the Obligations at the time of the execution and delivery of this Agreement), then the amount of the Obligations of the each Pledgor shall be deemed to be reduced and the such Pledgor shall pay the maximum amount of the Obligations which would be permissible under the applicable law.

Limited Obligations. It is the desire and intent of the Pledgor, the Collateral Agent Trustee and the Priority Lien Secured Creditors Parties that this Agreement shall be enforced against the Pledgor to the fullest extent permissible under the laws and public policies applied in each jurisdiction in which enforcement is sought. If and to the extent that the obligations of the Pledgor under this Agreement shall be adjudicated to be invalid or unenforceable for any reason (including, without limitation, because of any applicable state or federal law relating to fraudulent conveyances or transfers, which laws would determine the solvency of the Pledgor by reference to the full amount of the Priority Lien Obligations at the time of the execution and delivery of this Agreement), then the amount of the Priority Lien Obligations of the Pledgor shall be deemed to be reduced and the Pledgor shall pay the maximum amount of the Priority Lien Obligations which would be permissible under the applicable law.