Common use of Obligations Reinstated Clause in Contracts

Obligations Reinstated. The obligations of the Guarantor hereunder shall continue to be effective or shall be reinstated, as the case may be, if at any time any payment which would otherwise have reduced the obligations of the Guarantor hereunder is rescinded or reclaimed from the Sellers or their Affiliates upon the insolvency, bankruptcy, liquidation or reorganization of any Primary Obligor or the Guarantor or otherwise, all as though such payment had not been made. If demand for, or acceleration of the time for, payment by any Primary Obligor is stayed upon the insolvency, bankruptcy, liquidation or reorganization of such Primary Obligor, all such obligations otherwise subject to demand for payment or acceleration shall nonetheless be payable by the Guarantor as provided herein.

Obligations Reinstated. The obligations of the Guarantor hereunder shall continue to be effective or shall be reinstated, as the case may be, if at any time any payment which would otherwise have reduced the obligations of the Guarantor hereunder (whether such payment shall have been made by or on behalf of the Company is rescinded or reclaimed from any of the Sellers or their Affiliates Holders upon the insolvency, bankruptcy, liquidation or reorganization of any Primary Obligor the Company or the Guarantor or otherwise, all as though such payment had not been made. If demand for, or acceleration of the time for, payment by any Primary Obligor the Company is stayed upon the insolvency, bankruptcy, liquidation or reorganization of such Primary Obligorthe Company, all such obligations Indebtedness otherwise subject to demand for payment or acceleration shall nonetheless be payable by the each Guarantor as provided herein.

Obligations Reinstated. The obligations of the each Guarantor hereunder shall continue to be effective or shall be reinstated, as the case may be, if at any time any payment which would otherwise have reduced the obligations of the such Guarantor hereunder (whether such payment shall have been made by or on behalf of the Corporation) is rescinded or reclaimed from any of the Sellers or their Affiliates Holders upon the insolvency, bankruptcy, liquidation or reorganization of any Primary Obligor the Corporation or the such Guarantor or otherwise, all as though such payment had not been made. If demand for, or acceleration of the time for, payment by any Primary Obligor the Corporation is stayed upon the insolvency, bankruptcy, liquidation or reorganization of such Primary Obligorthe Corporation, all such obligations Indebtedness otherwise subject to demand for payment or acceleration shall nonetheless be payable by the each Guarantor as provided herein.

Obligations Reinstated. The obligations of the each Guarantor hereunder shall continue to be effective or shall be reinstated, as the case may be, if at any time any payment which would otherwise have reduced the obligations of the such Guarantor hereunder (whether such payment shall have been made by or on behalf of the Company is rescinded or reclaimed from any of the Sellers or their Affiliates Holders upon the insolvency, bankruptcy, liquidation or reorganization of any Primary Obligor the Company or the such Guarantor or otherwise, all as though such payment had not been made. If demand for, or acceleration of the time for, payment by any Primary Obligor the Company is stayed upon the insolvency, bankruptcy, liquidation or reorganization of such Primary Obligorthe Company, all such obligations Indebtedness otherwise subject to demand for payment or acceleration shall nonetheless be payable by the each Guarantor as provided herein.