Common use of Payment Invalidated Clause in Contracts

Payment Invalidated. In the event that any of the Non-Existing Senior Subordinated Secured Notes Obligations shall be paid in full and subsequently, for whatever reason (including, but not limited to, an order or judgment for disgorgement of a preference under Title 11 of the United Stated Code, or any similar law, or the settlement of any claim in respect thereof), formerly paid or satisfied Non-Existing Senior Subordinated Secured Notes Obligations become unpaid or unsatisfied, the terms and conditions of this Section 12 shall be fully applicable thereto until all such Non-Existing Senior Subordinated Secured Notes Obligations are again paid in full.

Payment Invalidated. In the event that any of the Non-Existing Senior Subordinated [Subordinated] Secured Notes Obligations shall be paid in full and subsequently, for whatever reason (including, but not limited to, an order or judgment for disgorgement of a preference under Title 11 of the United Stated Code, or any similar law, or the settlement of any claim in respect thereof), formerly paid or satisfied Non-Existing Senior Subordinated [Subordinated] Secured Notes Obligations become unpaid or unsatisfied, the terms and conditions of this Section 12 shall be fully applicable thereto until all such Non-Existing Senior Subordinated [Subordinated] Secured Notes Obligations are again paid in full.