Example ContractsClausesExtent of Liability; Contribution.
Extent of Liability; Contribution.
Extent of Liability; Contribution. contract clause examples

Notwithstanding anything herein to the contrary, each Borrower’s liability under this Section shall not exceed the greater of # all amounts for which such Borrower is primarily liable, as described in clause (c) below, and # such Borrower’s Allocable Amount.

Notwithstanding anything herein to the contrary, each Borrower’s liability under this [Section 5.10] shall not exceed the greater of # all amounts for which such Borrower is primarily liable, as described in clause (c) below, and # such Borrower’s Allocable Amount.

Notwithstanding anything herein to the contrary, each Borrower’s liability under this Section shall not exceed the greater of # all amounts for which such Borrower is primarily liable, as described in clause (c) below, or # such Borrower’s Allocable Amount.

Extent of Liability; Remedies. (a) Guarantor agrees that upon an Event of Default, Guarantor will pay to Lender, upon demand, the Obligations. Guarantor further agrees that this Guaranty shall continue to be effective or be reinstated, as the case may be, if payment, or any part thereof, of the Obligations is rescinded or must otherwise be returned by Lender upon the insolvency, bankruptcy or reorganization of Borrower, Guarantor or any other person or otherwise, all as though such payment to Lender had not been made. (b) No delay or neglect on the part of Lender in the exercise of any right or remedy existing under law or by virtue of this Guaranty shall operate as a waiver thereof, but such rights and remedies shall continue in full force and effect until specifically waived or released by an instrument in writing executed by Lender and designated as a waiver or release; and no single or partial exercise by Lender of any right or remedy shall preclude further exercise thereof or the exercise of any other right or remedy. (c) No action of Lender permitted hereunder shall in any way impair or affect this Guaranty.

Extent of Services. Executive Vice President shall devote her full time, attention and energy to the business of Bank and shall not, during the term of this Agreement, be engaged in any other business activities, unless such activities are reasonably determined by the Board of Directors of Bank not to be in competition or in conflict with the commercial banking business of Bank.

Notwithstanding anything herein to the contrary, each Borrower’s liability under this Section 5.11 shall not exceed the greater of # all amounts for which such Borrower is primarily liable, as described in clause (c) below, and # such Borrower’s Allocable Amount.

Notwithstanding any provision to the contrary contained herein or in any other of the Financing Documents, the obligations of each Guarantor under this Agreement and the other Financing Documents shall be limited to an aggregate amount equal to the largest amount that would not render such obligations subject to avoidance under any state corporate law, or any state, federal or foreign bankruptcy, insolvency, reorganization

Extent of Services. Employee shall devote his full time, attention and energy to the business of Bank and shall not, during the term of this Agreement, be engaged in any other business activities, unless such activities are reasonably determined by the Chief Executive Officer or Chief Operating Officer of Bank not to be in competition or in conflict with the commercial banking business of Bank.

Extent of Services. The Associate shall devote his entire time, attention, and energies to Benefitfocus’ business and shall not, during the term of this Agreement, be engaged in any other business activity that conflicts with, or takes the Associate’s time or attention away from, the Associate’s work for Benefitfocus, whether or not such business activity is pursued for gain, profit or other pecuniary advantage. The Associate further agrees that he or she will perform all of the duties assigned to the Associate to the best of his or her ability and in a manner satisfactory to Benefitfocus, that he or she will truthfully and accurately maintain all records, preserve all such records, and make all such reports as Benefitfocus may require; that he or she will fully account for all money and all of the property of Benefitfocus of which the Associate may have custody and will pay over and deliver the same whenever and however the Associate may be directed to do so.

Extent of Services. Executive shall use his best efforts to carry out Executive's duties and responsibilities consistent with this Agreement and shall devote substantially all of Executive's business time, attention and energy thereto. In the performance of his duties, Executive shall observe and adhere to all applicable Company policies and procedures as may be interpreted, adopted, revised or deleted from time to time in the Company's sole discretion. During the Employment Period, Executive may engage in # volunteer services for or on behalf of such religious, educational, non-profit and/or other charitable organization as Executive may wish to serve and # with the consent of the Board of Directors of Company (“Board”) (which consent shall not be unreasonably withheld), serve on one (1) for-profit board of directors, in all such cases not interfering with Executive's responsibilities and performance of Executive's duties hereunder. The foregoing shall not be construed as preventing Executive from owning less than two percent (2%) of the total outstanding shares of a publicly traded company

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