Common use of Subsidiary Liability Clause in Contracts

Subsidiary Liability. Notwithstanding anything in this Security Agreement to the contrary, each Subsidiary’s obligations hereunder shall not exceed the maximum amount that would not be subject to avoidance under fraudulent conveyance, fraudulent transfer, and other similar laws.

Appears in 7 contracts

Sources: Security Agreement (Illinois Superconductor Corporation), Security Agreement (Isco International Inc), Security Agreement (Illinois Superconductor Corporation)

Subsidiary Liability. Notwithstanding anything in this Security Agreement to the contrary, each the Subsidiary’s obligations hereunder shall not exceed the maximum amount that would not be subject to avoidance under fraudulent conveyance, fraudulent transfer, and other similar laws.

Appears in 2 contracts

Sources: Security Agreement (Isco International Inc), Security Agreement (Isco International Inc)