Common use of Maximum Amount of Joint and Several Liability Clause in Contracts

Maximum Amount of Joint and Several Liability. To the extent that applicable law otherwise would render the full amount of the joint and several obligations of any Borrower hereunder and under the other Credit Documents invalid or unenforceable, such Borrower’s obligations hereunder and under the other Credit Documents shall be limited to the maximum amount which does not result in such invalidity or unenforceability, provided, however, that each Borrower’s obligations hereunder and under the other Loan Credit shall be presumptively valid and enforceable to their fullest extent in accordance with the terms hereof or thereof, as if this Section 11.2 were not a part of this Agreement.

Appears in 3 contracts

Samples: Loan and Security Agreement (Thaxton Group Inc), Loan and Security Agreement (Carbiz Inc), Loan and Security Agreement (C & F Financial Corp)

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Maximum Amount of Joint and Several Liability. To the extent that applicable law otherwise would render the full amount of the joint and several obligations of any Borrower hereunder and under the other Credit Documents invalid or unenforceable, such Borrower’s obligations hereunder and under the other Credit Documents shall be limited to the maximum amount which does not result in such invalidity or unenforceability, provided, however, that each Borrower’s obligations hereunder and under the other Loan Credit Documents shall be presumptively valid and enforceable to their fullest extent in accordance with the terms hereof or thereof, as if this Section 11.2 12.2 were not a part of this Agreement.

Appears in 2 contracts

Samples: Loan and Security Agreement (Aaron's Inc), Loan and Security Agreement (CompuCredit Holdings Corp)

Maximum Amount of Joint and Several Liability. To the extent that applicable law otherwise would render the full amount of the joint and several obligations of any Borrower hereunder and under the other Credit Loan Documents invalid or unenforceable, such Borrower’s obligations hereunder and under the other Credit Loan Documents shall be limited to the maximum amount which does not result in such invalidity or unenforceability, provided, however, that each Borrower’s obligations hereunder and under the other Loan Credit Documents shall be presumptively valid and enforceable to their fullest extent in accordance with the terms hereof or thereof, as if this Section 11.2 10.2 were not a part of this Agreement.

Appears in 2 contracts

Samples: Loan and Security Agreement (New York Health Care Inc), Loan and Security Agreement (Healthessentials Solutions Inc)

Maximum Amount of Joint and Several Liability. To the extent that applicable law otherwise would render the full amount of the joint and several obligations of any Borrower hereunder and under the other Credit Documents invalid or unenforceable, such Borrower’s obligations hereunder and under the other Credit Documents shall be limited to the maximum amount which does not result in such invalidity or unenforceability, provided, however, that each Borrower’s obligations hereunder and under the other Loan Credit shall be presumptively valid and enforceable to their fullest extent in accordance with the terms hereof or thereof, as if this Section 11.2 12.2 were not a part of this Agreement.

Appears in 2 contracts

Samples: Loan and Security Agreement (C & F Financial Corp), Loan and Security Agreement (C & F Financial Corp)

Maximum Amount of Joint and Several Liability. To the extent that applicable law otherwise would render the full amount of the joint and several obligations of any Borrower hereunder and under the other Credit Loan Documents invalid or unenforceable, such Borrower’s 's obligations hereunder and under the other Credit Loan Documents shall be limited to the maximum amount which does not result in such invalidity or unenforceability, provided, however, that each Borrower’s 's obligations hereunder and under the other Loan Credit Documents shall be presumptively valid and enforceable to their fullest extent in accordance with the terms hereof or thereof, as if this Section 11.2 10.2 were not a part of this Agreement.

Appears in 1 contract

Samples: Loan and Security Agreement (Orion Healthcorp Inc)

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Maximum Amount of Joint and Several Liability. To the extent that applicable law otherwise would render the full amount of the joint and several obligations of any Borrower hereunder and under the other Credit Loan Documents invalid or unenforceable, such Borrower’s obligations hereunder and under the other Credit Loan Documents shall be limited to the maximum amount which does not result in such invalidity or unenforceability, provided, however, that each Borrower’s obligations hereunder and under the other Loan Credit Documents shall be presumptively valid and enforceable to their fullest extent in accordance with the terms hereof or thereof, as if this Section 11.2 9.2 were not a part of this Agreement.

Appears in 1 contract

Samples: Credit Agreement (Green Plains Renewable Energy, Inc.)

Maximum Amount of Joint and Several Liability. To the extent that applicable law otherwise would render the full amount of the joint and several obligations of any Borrower hereunder and under the other Credit Loan Documents invalid or unenforceable, such Borrower’s obligations hereunder and under the other Credit Loan Documents shall be limited to the maximum amount which does not result in such invalidity or unenforceability, provided, however, that each Borrower’s obligations hereunder and under the other Loan Credit Documents shall be presumptively valid and enforceable to their fullest extent in accordance with the terms hereof or thereof, as if this Section 11.2 13.2 were not a part of this Agreement.

Appears in 1 contract

Samples: Loan and Security Agreement (Gulfside Supply, Inc.)

Maximum Amount of Joint and Several Liability. To the extent that applicable law Law otherwise would render the full amount of the joint and several obligations of any Borrower hereunder and Guarantor under the other Credit Loan Documents invalid or unenforceable, such Borrower’s Persons' obligations hereunder and under the other Credit Loan Documents shall be limited to the maximum amount which does not result in such invalidity or unenforceability, provided, however, that the Borrower's and each Borrower’s Guarantor's obligations hereunder and under the other Loan Credit Documents shall be presumptively valid and enforceable to their fullest extent in accordance with the terms hereof or thereof, as if this Section 11.2 11.14 were not a part of this Agreement.

Appears in 1 contract

Samples: Credit Agreement (Nco Group Inc)

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