Common use of Subsidiary Liability Clause in Contracts

Subsidiary Liability. Anything herein or in any other Loan Document to the contrary notwithstanding, the maximum liability of each Subsidiary hereunder and under the other Loan Documents shall in no event exceed the amount allowed under applicable federal and state laws, including laws relating to the insolvency of debtors, fraudulent conveyance or transfer or laws affecting the rights of creditors generally (after giving effect to the right of contribution established in Section 11.12).

Subsidiary Liability. Anything herein or in any other Loan Document to the contrary notwithstanding, the maximum liability of each Subsidiary hereunder and under the other Loan Transaction Documents shall in no event exceed the amount allowed under applicable federal and state laws, including laws relating to the insolvency of debtors, fraudulent conveyance or transfer or laws affecting the rights of creditors generally (after giving effect to the right of contribution established in Section 11.124.11).