Continuing Obligations; Revival of Obligations. The obligations of the Company under this Agreement shall continue until all amounts due and owing to Landmark hereunder shall have been paid in full; PROVIDED, HOWEVER, that the obligations of the Company pursuant to Section 6.1 and Section 6.2 hereof shall survive the termination of this Agreement for the full period of the applicable statutes of limitation. The Company further agrees that to the extent the Company makes a payment to Landmark, which payment or any part thereof is subsequently invalidated, declared to be fraudulent or preferential, set aside or required to be repaid to a trustee, receiver, or any other party under any bankruptcy, insolvency or other similar state or federal statute, common law or principles of equity, then, to the extent of such repayment by Landmark, the Reimbursement Obligations or part thereof intended to be satisfied by such payment shall be revived and continued in full force and effect as if such payment had not been received by Landmark.
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Continuing Obligations; Revival of Obligations. The obligations of the Company under this Agreement shall continue until all amounts due and owing to Landmark the Bank hereunder as of the Termination Date shall have been paid in full; PROVIDEDprovided, HOWEVERhowever, that the obligations of the Company pursuant to Section 6.1 Sections 10.1 and Section 6.2 10.2 hereof shall survive the termination of this Agreement for the full period of the applicable statutes of limitationAgreement. The Company further agrees that to the extent the Company makes a payment to Landmarkthe Bank, which payment or any part thereof is subsequently invalidated, declared to be fraudulent or preferential, set aside or required to be repaid to a trustee, receiver, or any other party under any bankruptcy, insolvency or other similar state or federal statute, common law or principles of equity, then, to the extent of such repayment by Landmarkthe Bank, the Reimbursement Obligations or part thereof intended to be satisfied by such payment shall be revived and continued in full force and effect as if such payment had not been received by Landmarkthe Bank.
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Samples: Reimbursement and Security Agreement (Open Plan Systems Inc)
Continuing Obligations; Revival of Obligations. The obligations of the Company under this Agreement shall continue until all amounts due and owing to Landmark the Bank hereunder as of the Termination Date shall have been paid in full; PROVIDEDprovided, HOWEVERhowever, that the obligations of the Company pursuant to Section 6.1 Sections 9.1 and Section 6.2 9.2 hereof shall survive the termination of this Agreement for the full period of the applicable statutes of limitationAgreement. The Company further agrees that to the extent the Company makes a payment to Landmarkthe Bank, which payment or any part thereof is subsequently invalidated, declared to be fraudulent or preferential, set aside or required to be repaid to a trustee, receiver, or any other party under any bankruptcy, insolvency or other similar state or federal statute, common law or principles of equity, then, to the extent of such repayment by Landmarkthe Bank, the Reimbursement Obligations or part thereof intended to be satisfied by such payment shall be revived and continued in full force and effect as if such payment had not been received by Landmarkthe Bank.
Appears in 1 contract
Samples: Reimbursement and Security Agreement (Atlantic American Corp)