Maximum Net Worth has the meaning specified in Section 17.8(b).
Maximum Net Worth means, with respect to any Guarantor, the greatest of the Net Worths calculated as of the following dates: (A) the date of which the Guarantor becomes a Guarantor hereunder, (B) the date on which such Guarantor expressly reaffirms its Subsidiary Guarantee, (C) the date on which demand for payment is made on such Guarantor hereunder, (D) the date on which payment is made by such Guarantor hereunder or (E) the date on which any judgment, order or decree is entered requiring such Guarantor to make payment hereunder or in respect hereof. The meaning of the terms "fair valuation" and "fair salable value" and the calculation of assets and liabilities shall be determined and made in accordance with the relevant provisions of any Bankruptcy Code and applicable state fraudulent conveyance or transfer laws.
Maximum Net Worth means, with respect to any Guarantor, the greatest of the Net Worth calculated as of the following dates: (A) the date of which the Guarantor becomes a Guarantor hereunder, (B) the date on which such Guarantor expressly reaffirms its Subsidiary Guarantee, (C) the date on which demand for payment is made on such Guarantor hereunder, (D) the date on which payment is made by such Guarantor hereunder or (E) the date on which any judgment, order or decree is entered requiring such Guarantor to make payment hereunder or in respect hereof. The meaning of the terms “fair valuation” and “fair salable value” and the calculation of assets and liabilities shall be determined and made in accordance with the relevant provisions of any Bankruptcy Code and applicable state fraudulent conveyance or transfer laws.
More Definitions of Maximum Net Worth
Maximum Net Worth have the meanings specified in Section 12.08.
Maximum Net Worth means, with respect to any Subsidiary Guarantor, the greatest of the Net Worth calculated as of the following dates: (A) the date on which the Subsidiary Guarantor becomes a Subsidiary Guarantor hereunder, (B) the date on which such Subsidiary Guarantor expressly reaffirms the Subsidiary Guarantee, (C) the date on which demand for payment is made on such Subsidiary Guarantor hereunder, (D) the date on which payment is made by such Subsidiary Guarantor hereunder or (E) the date on which any judgment, order or decree is entered requiring such Subsidiary Guarantor to make payment hereunder or in respect hereof. The meaning of the terms "fair valuation" and "fair salable value" and the calculation of assets and liabilities shall be determined and made in accordance with the relevant provisions of the Federal Bankruptcy Code and applicable state fraudulent conveyance or transfer laws.
Maximum Net Worth as defined in Section 7.3.
Maximum Net Worth means, with respect to any Obligor, the greatest of the Net Worths of such Obligor calculated as of the following dates: (A) the date on which such Person becomes an Obligor and (B) each date on which such Obligor expressly reaffirms this Guaranty. Each Guarantor shall be deemed to expressly reaffirm this Guaranty upon each borrowing of a Loan. The meaning of the terms “fair valuation” and “fair saleable value” and the calculation of assets and liabilities shall be determined and made in accordance with the relevant provisions of the Bankruptcy Code and applicable state fraudulent conveyance or transfer laws.
Maximum Net Worth means, with respect to any Guarantor, the greatest of the Net Worths of such Guarantor calculated as of the following dates: (A) the date on which such Person becomes a Guarantor, and (B) the date on which such Guarantor expressly reaffirms this Guaranty or the other guaranty to which it is a party. The meaning of the terms "FAIR VALUATION" and "FAIR SALEABLE VALUE" and the calculation of assets and liabilities shall be determined and made in accordance with the relevant provisions of the Bankruptcy Code and applicable state fraudulent conveyance or transfer laws. The rights and obligations of each Guarantor established pursuant to this paragraph (and the related paragraphs of the other Subsidiary Guaranties) shall be subject to the restrictions and limitations benefiting the Collateral Agent and the Noteholders set forth in the preceding two paragraphs. The Guarantor agrees to pay, or cause to be paid, on demand, and to save the Collateral Agent harmless against liability for, (i) any and all costs and expenses (including fees, costs of settlement and disbursements of counsel and allocated costs of internal counsel) incurred or expended by the Collateral Agent in connection with the enforcement of or preservation of any rights under this Guaranty and (ii) any and all costs and expenses (including those arising from rights of indemnification) required to be paid by Guarantor under the provisions of any other Credit Document to which it is party. Any monies paid by the Guarantor to the Principal Paying Agent or a Paying Agent for payment of Guarantied Obligations which remain unclaimed for two years after such monies have become due and payable will be repaid to the Guarantor and the beneficiaries of this Guaranty may thereafter look only to the Issuer and the other Credit Parties, as the case may be, for payment thereof. All of the provisions of this Guaranty shall be binding upon the Guarantor and its successors, permitted transferees and assigns and inure to the benefit of, and be enforceable by, the Collateral Agent and its successors, transferees and assigns and Requisite Noteholders as defined and provided in the Collateral Agency Agreement; it being understood that the rights and remedies under this Guaranty shall not be enforceable by an individual holder of a legal or beneficial interest of a Note unless such holder is acting with the instructions or at the request of Requisite Noteholders. The Guarantor hereby further agrees that any amounts to be...
Maximum Net Worth means, with respect to any Guarantor, the greatest of the ------------------ Net Worths calculated as of the following dates: (A) the date on which the Guarantor becomes a Guarantor hereunder, (B) the date on which such Guarantor expressly reaffirms the Obligor Guarantee, (C) the date on which demand for payment is made on such Guarantor hereunder, (D) the date on which payment is made by such Guarantor hereunder or (E) the date on which any judgment, order or decree is entered requiring such Guarantor to make payment hereunder or in respect hereof. The meaning of the terms "fair valuation" and "fair salable -------------- ------------ value" and the calculation of assets and liabilities shall be determined and ----- made in accordance with the relevant provisions of the Bankruptcy Code and applicable state fraudulent conveyance or transfer laws.
Maximum Net Worth means, with respect to any ----------------- Guarantor, the greatest of the Net Worths of such Guarantor calculated as of the following dates: (A) the date on which such Person becomes a Guarantor, (B) the date on which such Guarantor expressly reaffirms this Guaranty or the other guaranty to which it is a party, (C) the date on which demand for payment is made on such Guarantor hereunder or under such other guaranty, (D) the date on which payment is made by such Guarantor hereunder or thereunder or (E) the date on which any judgment, order or decree is entered requiring such Guarantor to make payment hereunder or in respect hereof or under or in respect of such other guaranty. The meaning of the terms "fair valuation" and "fair saleable value" -------------- ------------------- and the calculation of assets and liabilities shall be determined and made in accordance with the relevant provisions of the Bankruptcy Code and applicable state fraudulent conveyance or transfer laws.