Common use of Limit of Liability Clause in Contracts

Limit of Liability. The obligations of each Guarantor hereunder shall be limited to an aggregate amount equal to the largest amount that would not render its obligations hereunder subject to avoidance under Section 548 of the United States Bankruptcy Code or any comparable provisions of any applicable state law.

Appears in 19 contracts

Sources: Credit Agreement (Stewart Information Services Corp), Credit Agreement (Cardtronics PLC), Credit Agreement (Fei Co)

Limit of Liability. The obligations of each the Guarantor hereunder shall be limited to an aggregate amount equal to the largest amount that would not render its obligations hereunder subject to avoidance under Section 548 of the United States Bankruptcy Code or any comparable provisions of any applicable state law.

Appears in 12 contracts

Sources: Credit Agreement (Us West Inc), Credit Agreement (Turner Corp), Credit Agreement (Wackenhut Corrections Corp)

Limit of Liability. The obligations of each Guarantor hereunder Notwithstanding any provision hereof to the contrary, the Guarantors shall be limited to an aggregate amount equal liable under the Guaranty only for amounts aggregating up to the largest amount that would not render its obligations hereunder subject to avoidance under Section 548 of the United States Bankruptcy Code or any comparable provisions of any applicable state law.

Appears in 7 contracts

Sources: Guaranty (Viking Energy Group, Inc.), Guaranty (Viking Energy Group, Inc.), Guaranty (Viking Energy Group, Inc.)

Limit of Liability. The obligations of each Subsidiary Guarantor hereunder shall be limited to an aggregate amount equal to the largest amount that would not render its obligations hereunder subject to avoidance under Section 548 of the United States Bankruptcy Code or any comparable provisions of any applicable state law.

Appears in 5 contracts

Sources: Credit Agreement (Delhaize Group), Credit Agreement (Delhaize America Inc), Credit Agreement (Delhaize America Inc)

Limit of Liability. The obligations of each Guarantor hereunder shall be limited to an aggregate amount equal to the largest amount that would not render its obligations hereunder subject to avoidance under Section 548 of the United States Bankruptcy Code or any comparable provisions of any applicable state bankruptcy, insolvency or similar law.

Appears in 3 contracts

Sources: Credit Agreement (Ace LTD), Credit Agreement (Ace LTD), Credit Agreement (Ace LTD)

Limit of Liability. The obligations of each Guarantor hereunder under this Guaranty shall be limited to an aggregate amount equal to the largest amount that would not render its obligations hereunder under this Guaranty subject to avoidance under Section 548 of the United States Bankruptcy Code or any comparable provisions of any applicable state law.

Appears in 3 contracts

Sources: Guaranty (Crimson Wine Group, LTD), Guaranty (Crimson Wine Group, LTD), Guaranty (Knightsbridge Fine Wines Inc)

Limit of Liability. The obligations of each Each Guarantor hereunder shall be limited to an aggregate amount equal liable under this Guaranty only for amounts aggregating up to the largest amount that would not render its obligations hereunder subject to avoidance under Section 548 of the United States Bankruptcy Code or any comparable provisions provision of any other applicable state lawLaw.

Appears in 3 contracts

Sources: Credit Agreement (Nu Skin Enterprises, Inc.), Credit Agreement (Nu Skin Enterprises Inc), Credit Agreement (Nu Skin Enterprises Inc)

Limit of Liability. The liabilities and obligations of each the Guarantor hereunder shall be limited to an aggregate amount equal to the largest amount that would not render its such Guarantor's obligations hereunder subject to avoidance under Section 548 of the United States Bankruptcy Code or any comparable provisions of any applicable state law.

Appears in 3 contracts

Sources: Subordinated Guaranty (Williams Companies Inc), Subordinated Guaranty (Williams Companies Inc), Guaranty (Williams Companies Inc)

Limit of Liability. The obligations of each Guarantor of the Guarantors and the Domestic Borrower hereunder shall be limited to an aggregate amount equal to the largest amount that would not render its obligations hereunder subject to avoidance under Section 548 of the United States Bankruptcy Code or any comparable provisions of any applicable state law.

Appears in 2 contracts

Sources: Credit Agreement (Ion Geophysical Corp), Credit Agreement (Ion Geophysical Corp)

Limit of Liability. The obligations of each Subsidiary Guarantor hereunder shall be limited to an aggregate amount equal to the largest amount that would not render its obligations hereunder subject to avoidance under Section 548 of the United States Bankruptcy Code of 1978, as amended, or any comparable provisions of any applicable state law.

Appears in 2 contracts

Sources: Securities Purchase Agreement (Sjit Inc), Securities Purchase Agreement (NPR Inc)

Limit of Liability. The liabilities and obligations of each the Guarantor hereunder shall be limited to an aggregate amount equal to the largest amount that would not render its the Guarantor’s obligations hereunder subject to avoidance under Section 548 of the United States Bankruptcy Code or any comparable provisions of any applicable state law.

Appears in 2 contracts

Sources: Credit Agreement (Williams Companies Inc), Credit Agreement (Williams Companies Inc)

Limit of Liability. The liabilities and obligations of each the Guarantor hereunder under this Guaranty shall be limited to an aggregate amount equal to the largest amount that would not render its such Guarantor’s liabilities and obligations hereunder subject to avoidance under Section 548 of the United States Bankruptcy Code or any comparable provisions of any applicable state law.

Appears in 2 contracts

Sources: Credit Agreement (Newfield Exploration Co /De/), Credit Agreement (Newfield Exploration Co /De/)

Limit of Liability. The obligations of each Guarantor hereunder shall be limited to an aggregate amount equal to the largest amount that would not render its obligations hereunder subject to avoidance under Section 548 of the United States Bankruptcy Code or any comparable provisions of any applicable state law.

Appears in 2 contracts

Sources: Iru Agreement (Winstar Communications Inc), Iru Agreement (Winstar Communications Inc)

Limit of Liability. The liabilities and obligations of each the Guarantor hereunder under the Credit Documents shall be limited to an aggregate amount equal to the largest amount that would not render its such Guarantor’s obligations hereunder subject to avoidance under Section 548 of the United States Bankruptcy Code or any comparable provisions of any applicable state law.

Appears in 1 contract

Sources: Credit Agreement (Williams Companies Inc)

Limit of Liability. The liabilities and obligations of each Guarantor hereunder under the Loan Documents shall be limited to an aggregate amount equal to the largest amount that would not render its such Guarantor’s obligations hereunder subject to avoidance under Section 548 of the United States Bankruptcy Code or any comparable provisions of any applicable state law.

Appears in 1 contract

Sources: Credit Agreement (Bj Services Co)

Limit of Liability. The obligations of each Guarantor hereunder shall be limited to an aggregate amount equal to the lesser of (i) the largest amount that would not render its obligations hereunder subject to avoidance under Section 548 of the United States Bankruptcy Code or any comparable provisions of any applicable state lawlaw and (ii) the amount equal to ninety-five percent (95%) of such Guarantor’s net worth as of the Effective Date.

Appears in 1 contract

Sources: Credit Agreement (Cardtronics Inc)

Limit of Liability. The obligations of each Guarantor hereunder shall be limited to an aggregate amount equal to the largest amount that would not render its obligations hereunder subject to avoidance under Section 548 of the United States Bankruptcy Code or any comparable provisions of any applicable state law.

Appears in 1 contract

Sources: Credit Agreement (Exide Electronics Group Inc)

Limit of Liability. The obligations of each Guarantor hereunder under this Article X shall be limited to an aggregate amount equal to the largest amount that would not render its obligations hereunder subject to avoidance under Section 548 of the United States Bankruptcy Code or any comparable provisions of any applicable state law.

Appears in 1 contract

Sources: Indenture (Triarc Companies Inc)

Limit of Liability. The obligations of the each Guarantor hereunder shall be limited to an aggregate amount equal to the largest amount that would not render its obligations hereunder subject to avoidance under Section 548 of the United States Bankruptcy Code or any comparable provisions of any applicable state law.

Appears in 1 contract

Sources: Guaranty (Advance Paradigm Inc)

Limit of Liability. The obligations of each Guarantor ------------------ hereunder shall be limited to an aggregate amount equal to the largest amount that would not render its obligations hereunder subject to avoidance under Section 548 of the United States Bankruptcy Code or any comparable provisions of any applicable state law.

Appears in 1 contract

Sources: Term Loan Agreement (Policy Management Systems Corp)

Limit of Liability. The obligations of each Guarantor of the Guarantors and the Borrower hereunder shall be limited to an aggregate amount equal to the largest amount that would not render its obligations hereunder subject to avoidance under Section 548 of the United States Bankruptcy Code or any comparable provisions of any applicable state law.

Appears in 1 contract

Sources: Bridge Loan Agreement (Ion Geophysical Corp)

Limit of Liability. The liabilities and obligations of each the Guarantor hereunder under the Credit Documents shall be limited to an aggregate amount equal to the largest amount that would not render its such Guarantor's obligations hereunder subject to avoidance under Section 548 of the United States Bankruptcy Code or any comparable provisions of any applicable state law.

Appears in 1 contract

Sources: Guaranty (Williams Companies Inc)

Limit of Liability. The obligations of each Guarantor hereunder shall be limited to an aggregate amount equal to the largest amount that would not render its obligations hereunder subject to avoidance under Section 548 of the United States Bankruptcy Code of 1978, as amended, or any comparable provisions of any applicable state law.

Appears in 1 contract

Sources: Guaranty (Reschke Michael W)

Limit of Liability. The obligations of each the Guarantor hereunder shall be limited to an aggregate amount equal to the largest amount that would not render its obligations hereunder and thereunder subject to avoidance under Section 548 of the United States Bankruptcy Code of 1978, as amended, or any comparable provisions of any applicable state law.

Appears in 1 contract

Sources: Credit Agreement (Seer Technologies Inc /De)

Limit of Liability. The obligations of each Guarantor hereunder shall ------------------ be limited to an aggregate amount equal to the largest amount that would not render its obligations hereunder subject to avoidance under Section 548 of the United States Bankruptcy Code or any comparable provisions of any applicable state law.

Appears in 1 contract

Sources: Credit Agreement (Coinstar Inc)

Limit of Liability. The obligations of each Guarantor hereunder shall be limited to an aggregate amount equal to the largest amount that would not render its obligations hereunder subject to avoidance under Section 548 of the United States Bankruptcy Code or any comparable provisions other applicable federal or state law relating to the insolvency of any applicable state lawdebtors.

Appears in 1 contract

Sources: Guaranty (Calibre Energy, Inc.)

Limit of Liability. The obligations Obligations of each Guarantor hereunder shall be limited to an aggregate amount equal to the largest amount that would not render its obligations Obligations hereunder subject to avoidance under Section 548 of the United States Bankruptcy Code or any comparable provisions of any applicable state law.

Appears in 1 contract

Sources: Credit Agreement (Marvel Enterprises Inc)

Limit of Liability. The obligations of each Guarantor hereunder shall be limited to an aggregate amount equal to the largest amount that would not render its obligations hereunder subject to avoidance under Section 548 of the United States Bankruptcy Code of 1978, as amended, or any comparable provisions of any applicable state law.

Appears in 1 contract

Sources: Revolving Credit Agreement (Cross Timbers Oil Co)

Limit of Liability. The Notwithstanding anything to the contrary in this Guaranty, the obligations of each the Guarantor hereunder shall be limited to an aggregate amount equal to the largest amount that would not render its obligations hereunder subject to avoidance under Section 548 of the United States Bankruptcy Code or any comparable provisions of any applicable state law.

Appears in 1 contract

Sources: Guaranty (LTV Corp)

Limit of Liability. The liabilities and obligations of each Guarantor hereunder under the Credit Documents shall be limited to an aggregate amount equal to the largest amount that would not render its such Guarantor's liabilities and obligations hereunder and thereunder subject to avoidance under Section 548 of the United States Bankruptcy Code or any comparable provisions of any applicable state lawlaw after giving effect to all other indebtedness of such Guarantor, the right of each such Guarantor to contribution from other Guarantors and any other rights such Guarantor may have.

Appears in 1 contract

Sources: Credit Agreement (Pride International Inc)

Limit of Liability. The liabilities and obligations of the each Guarantor hereunder shall be limited to an aggregate amount equal to the largest amount that would not render its such Guarantor's obligations hereunder subject to avoidance under Section 548 of the United States Bankruptcy Code or any comparable provisions of any applicable state law.

Appears in 1 contract

Sources: Guaranty (Williams Companies Inc)

Limit of Liability. The liabilities and obligations of each Guarantor hereunder under the Credit Documents shall be limited to an aggregate amount equal to the largest amount that would not render its such Guarantor's obligations hereunder subject to avoidance under Section 548 of the United States Bankruptcy Code or any comparable provisions of any applicable state law.

Appears in 1 contract

Sources: Guaranty (Williams Companies Inc)

Limit of Liability. The obligations of each Guarantor hereunder under this Article 7 shall be limited to an aggregate amount equal to the largest amount that would not render its obligations hereunder subject to avoidance under Section 548 of the United States Bankruptcy Code or any comparable provisions of any applicable state law."

Appears in 1 contract

Sources: Stock Purchase Agreement (Intelligent Electronics Inc)

Limit of Liability. The obligations of each Guarantor hereunder under ------------------ this Guaranty shall be limited to an aggregate amount equal to the largest amount that would not render its obligations hereunder under this Guaranty subject to avoidance under Section 548 of the United States Bankruptcy Code or any comparable provisions provisions-of any applicable state law.

Appears in 1 contract

Sources: Floating Continuing Guaranty (Alexander & Baldwin Inc)