Common use of Payment Invalidated Clause in Contracts

Payment Invalidated. In the event that any of the Bank Credit Agreement Obligations or Senior Note 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 States Code, or any similar Law, or the settlement of any claim in respect thereof), formerly paid or satisfied Bank Credit Agreement Obligations or Senior Note Obligations become unpaid or unsatisfied, the terms and conditions of this Agreement shall be reinstated, notwithstanding any prior termination of this Agreement pursuant to Section 6, and all provisions of this Agreement shall again be operative until all such obligations are again paid in full.

Payment Invalidated. In the event that any of the Bank Credit Agreement Obligations or Senior Note Secured Sale/Leaseback Obligations shall be paid in full and subsequently, for whatever reason (including including, but not limited to, an order or judgment for disgorgement of a preference under Title 11 of the United States Code, or any similar Law, or the settlement of any claim in respect thereof), formerly paid or satisfied Bank Credit Agreement Obligations or Senior Note Secured Sale/Leaseback Obligations become unpaid or unsatisfied, the terms and conditions of this Agreement shall be reinstated, notwithstanding any prior termination of this Agreement pursuant to Section 6, and all provisions of this Agreement shall again be operative until all such obligations are again indefeasibly paid in full.