Maximum Liability has the meaning assigned to such term in Section 10.10.
Maximum Liability. This Section with respect to the Maximum Liability of each Loan Guarantor is intended solely to preserve the rights of the Lenders to the maximum extent not subject to avoidance under applicable law, and no Loan Guarantor nor any other person or entity shall have any right or claim under this Section with respect to such Maximum Liability, except to the extent necessary so that the obligations of any Loan Guarantor hereunder shall not be rendered voidable under applicable law. Each Loan Guarantor agrees that the Guaranteed Obligations may at any time and from time to time exceed the Maximum Liability of each Loan Guarantor without impairing this Loan Guaranty or affecting the rights and remedies of the Lenders hereunder, provided that, nothing in this sentence shall be construed to increase any Loan Guarantor’s obligations hereunder beyond its Maximum Liability.
Maximum Liability has the meaning set forth in Section 12.9.
Examples of Maximum Liability in a sentence
For purposes of this Article 2, each Non-Paying Guarantor’s “Guarantor Percentage” with respect to any such Accommodation Payments by a Paying Guarantor shall be determined as of the date on which such Accommodation Payment was made by reference to the ratio of (a) such Non-Paying Guarantor’s Maximum Liability (as defined below) as of such date to (b) the aggregate Maximum Liability of all Note Guarantors hereunder (including such Paying Guarantor) as of such date.
Nothing in this provision shall affect any Note Guarantor’s several liability for the entire amount of the Guaranteed Obligations (up to such Note Guarantor’s Maximum Liability).
More Definitions of Maximum Liability
Maximum Liability has the meaning set forth in Section 2.01(b).
Maximum Liability means (i) the Specified Sum; (ii) Default Interest on that sum; and (iii) expenses of the Bank in enforcing this Guarantee on a full indemnity basis; where a liability for Guaranteed Monies is incurred in a currency different from the currency in which the Maximum Liability is stated and the equivalent of that liability in the currency in which the Maximum Liability is stated, calculated at the Exchange Rate, has increased since it was incurred, that increase shall be added to the Maximum Liability;
Maximum Liability means a sum equal to 10 percent of the greater of:
Maximum Liability means the maximum obligation of IKO under the Limited Warranty, as described in the sections titled “Iron Clad Protection Period”, “Beyond Iron Clad Protection Period”, “Limited Wind Resistance Warranty” and “Limited Algae Resistance Warranty” whichever is applicable. Please read each of these sections carefully for more details.
Maximum Liability of a public depository means, with respect
Maximum Liability means the maximum liability on the part of the Company to the Client arising under or in connection with this Agreement (in the aggregate for all potential claims by the Client) being the lesser of (i) £100; and (ii) the total amounts paid to the Company by the Client under this Agreement in the six months immediately preceding the initial notice of any claim;
Maximum Liability means, with respect to a Party, an amount equal to the total amount paid or to be paid by one Party to the other Party under the terms of this Agreement in any given year.