Common use of Luxembourg Guarantee Limitations Clause in Contracts

Luxembourg Guarantee Limitations. (i) Notwithstanding the foregoing and any other provision in the Loan Documents to the contrary, the payment obligations of any Guarantor incorporated under the laws of Luxembourg (hereafter, a “Luxembourg Guarantor”) for the obligations of any Borrower which is not a Subsidiary of that Luxembourg Guarantor shall be limited at any time, to an aggregate amount not exceeding ninety-five (95) per cent. of the greater of:

Appears in 2 contracts

Samples: Revolving Credit Agreement (Venator Materials PLC), Term Loan Credit Agreement (Venator Materials PLC)

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Luxembourg Guarantee Limitations. (i) Notwithstanding the foregoing and any other provision in the Loan Documents anything to the contrarycontrary in any Loan Document, the payment obligations undertaking of any Luxembourg Guarantor incorporated under any Guarantee in connection with the laws Loan Documents, in respect of Luxembourg (hereafter, a “Luxembourg Guarantor”) for the obligations of Borrower or any Borrower which other Guarantor that is not a direct or indirect Subsidiary of that such Luxembourg Guarantor Guarantor, shall be limited at any time, with no double counting, to an aggregate amount not exceeding ninety-five (95) per cent. the higher of the greater 90% of:

Appears in 1 contract

Samples: Credit Agreement (Hercules Offshore, Inc.)

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Luxembourg Guarantee Limitations. (ia) Notwithstanding the foregoing and any other provision in the Loan Documents of any Guarantee Agreement to the contrary, the payment obligations and liabilities of any Guarantor Debtor incorporated under the laws of in Luxembourg (hereafter, a “Luxembourg GuarantorDebtor”) under any Guarantee Agreement for the obligations of any Borrower other Debtor which is not a Subsidiary of that Luxembourg Guarantor Debtor shall be limited at any timetime (with no double counting), to an aggregate amount not exceeding ninety-five (95) 95 per cent. of the greater of:

Appears in 1 contract

Samples: Intercreditor Agreement (Paysafe LTD)

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