Common use of Reasonable Consideration for Guaranties Clause in Contracts

Reasonable Consideration for Guaranties. The direct or indirect value of the consideration received and to be received by such Guarantor in connection herewith is reasonably worth at least as much as the liability and obligations of each Guarantor hereunder and its Guaranty, and the incurrence of such liability and obligations in return for such consideration may reasonably be expected to benefit such Guarantor, directly or indirectly.

Appears in 11 contracts

Samples: Second Lien Term Loan Agreement (Venoco, Inc.), Credit Agreement (Venoco, Inc.), Credit Agreement (Venoco, Inc.)

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