Common use of Limit on Recovery Clause in Contracts

Limit on Recovery. Notwithstanding any other provision hereof, the right of recovery against Seller under this Section 11 shall not exceed $1.00 less than the lowest amount which would render Seller’s obligations under this Section 11 void or avoidable under applicable law, including fraudulent conveyance law.

Appears in 3 contracts

Sources: Credit Agreement, Credit Agreement (American Railcar Industries, Inc.), Credit Agreement (American Railcar Industries, Inc.)