Common use of Nature of Liability; Limit of Liability under Loan Documents Clause in Contracts

Nature of Liability; Limit of Liability under Loan Documents. It is the desire and intent of each Guarantor, the Administrative Agent and the other Guaranteed Parties that this Guaranty Agreement and all other obligations of a Guarantor under the Loan Documents shall be enforced against such Guarantor to the fullest extent permissible under the laws and public policies applied in each jurisdiction in which enforcement is sought. If, however, and to the extent that, the obligations of any Guarantor under this Guaranty Agreement or the other provisions of the Loan Documents shall be adjudicated to be invalid or unenforceable for any reason (including because of any applicable state, federal or foreign law relating to fraudulent conveyances or transfers), then notwithstanding anything contained herein or in any Loan Document to the contrary, the amount of the obligations under this Guaranty Agreement and under the other Loan Documents shall be deemed to be reduced and the applicable Guarantor shall pay the maximum amount of such obligations which would be permissible under applicable law or public policy. Without limiting the generality of the foregoing:

Nature of Liability; Limit of Liability under Loan Documents. It is the desire and intent of each Guarantor, the Administrative Agent and the other Guaranteed Credit Parties that this Guaranty Agreement and all other obligations of a Guarantor under the Loan Documents shall be enforced against such Guarantor to the fullest extent permissible under the laws and public policies applied in each jurisdiction in which enforcement is sought. If, however, and to the extent that, the obligations of any Guarantor under this Guaranty Agreement or the other provisions of the Loan Documents shall be adjudicated to be invalid or unenforceable for any reason (including because of any applicable state, federal or foreign law relating to fraudulent conveyances or transfers), then notwithstanding anything contained herein or in any Loan Document to the contrary, the amount of the obligations under this Guaranty Agreement and under the other Loan Documents shall be deemed to be reduced and the applicable Guarantor shall pay the maximum amount of such obligations which would be permissible under applicable law or public policylaw. Without limiting the generality of the foregoing:: GUARANTY AGREEMENT (Foreign), Page 1

Nature of Liability; Limit of Liability under Loan Documents. It is the desire and intent of each Guarantor, the Administrative Agent and the other Guaranteed Credit Parties that this Guaranty Agreement and all other obligations of a an Guarantor under the Loan Documents shall be enforced against such Guarantor to the fullest extent permissible under the laws and public policies applied in each jurisdiction in which enforcement is sought. If, however, and to the extent that, the obligations of any Guarantor under this Guaranty Agreement or the other provisions of the Loan Documents shall be adjudicated to be invalid or unenforceable for any reason (including because of any applicable state, federal or foreign law relating to fraudulent conveyances or transfers), then notwithstanding anything contained herein or in any Loan Document to the contrary, the amount of the obligations under this Guaranty Agreement and under the other Loan Documents shall be deemed to be reduced and the applicable Guarantor shall pay the maximum amount of such obligations which would be permissible under applicable law or public policylaw. Without limiting the generality of the foregoing: