Common use of Payment Invalidated Clause in Contracts

Payment Invalidated. In the event that any of the Loan Agreement Obligations or Note Obligations shall be paid in full and subsequently, for whatever reason, formerly paid or satisfied Loan Agreement Obligations or 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 5, 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 Loan Agreement Obligations or Note Bridge Obligations shall be paid in full and subsequently, for whatever reason, formerly paid or satisfied Loan Agreement Obligations or Note Bridge 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 5, and all provisions of this Agreement shall again be operative until all such obligations are again paid in full.