Common use of Reinstatement, etc Clause in Contracts

Reinstatement, etc. Each Guarantor hereby jointly and severally agrees that this Guaranty shall continue to be effective or be reinstated, as the case may be, if at any time any payment (in whole or in part) of any of the Obligations is invalidated, declared to be fraudulent or preferential, set aside, rescinded or must otherwise be restored by any Secured Party, upon the insolvency, bankruptcy, reorganization (or similar event) of the Borrower, any other Obligor or otherwise, all as though such payment had not been made.

Appears in 3 contracts

Samples: Subsidiary Guaranty (Titan Corp), Credit Agreement (Titan Corp), Credit Agreement (Titan Corp)

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Reinstatement, etc. Each Guarantor hereby jointly and severally agrees that this Guaranty shall continue to be effective or be reinstated, as the case may be, if at any time any payment (in whole or in part) of any of the Guaranteed Obligations is invalidated, declared to be fraudulent or preferential, set aside, rescinded or must otherwise be restored by any Secured Partythe Lender or any holder of any Loan Document, upon the insolvency, bankruptcy, bankruptcy or reorganization (or similar event) of the Borrower, any other Obligor Borrower or otherwise, all as though such payment had not been made.

Appears in 2 contracts

Samples: Loan and Security Agreement (Ixc Communications Inc), Unconditional Limited Guaranty Agreement (GST Telecommunications Inc)

Reinstatement, etc. Each The Guarantor hereby jointly and severally agrees that this Guaranty shall continue to be effective or be reinstated, as the case may be, if at any time any payment (in whole or in part) of any of the Obligations is invalidated, declared to be fraudulent or preferential, set aside, rescinded or must otherwise be restored by any Secured PartyLender Party or any holder of any Note, upon the insolvency, bankruptcy, bankruptcy or reorganization (or similar event) of the Borrower, any other Obligor Designated Subsidiary or otherwise, all as though such payment had not been made.

Appears in 2 contracts

Samples: Credit Agreement (Andrew Corp), Credit Agreement (Andrew Corp)

Reinstatement, etc. Each The Guarantor hereby jointly and severally agrees that this Guaranty shall continue to be effective or be reinstated, as the case may be, if at any time any payment (in whole or in part) of any of the Obligations is invalidated, declared to be fraudulent or preferential, set aside, rescinded or must otherwise be restored by any Secured Partythe Lender, upon the insolvency, bankruptcy, bankruptcy or reorganization (or similar event) of the Borrower, any other Obligor Borrower or otherwise, all as though such payment had not been made.

Appears in 2 contracts

Samples: Guaranty (Geon Co), Geon Co

Reinstatement, etc. Each The Guarantor hereby jointly and severally agrees that this Guaranty shall continue to be effective or be reinstated, as the case may be, if at any time any payment (in whole or in part) of any of the Guaranteed Obligations is invalidated, declared to be fraudulent or preferential, set aside, rescinded or must otherwise be restored by any Secured Guaranteed Party, upon the insolvency, bankruptcy, bankruptcy or reorganization (or similar event) of the Borrower, any other Obligor Lessee or otherwise, all as though such payment had not been made.

Appears in 1 contract

Samples: Participation Agreement (Cardinal Health Inc)

Reinstatement, etc. Each Guarantor hereby jointly and severally agrees that this Guaranty shall continue to be effective or be reinstated, as the case may be, if at any time any payment (in whole or in part) of any of the Obligations is invalidated, declared to be fraudulent or preferential, set aside, rescinded or must otherwise be restored by any Secured PartyLender Party or any holder of any Note, upon the insolvency, bankruptcy, bankruptcy or reorganization (or similar event) of the either Borrower, any other Obligor or otherwise, all as though such payment had not been made.

Appears in 1 contract

Samples: Credit Agreement (Fibreboard Corp /De)

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Reinstatement, etc. Each Guarantor hereby jointly and severally agrees that this Guaranty shall continue to be effective or be reinstated, as the case may be, if at any time any payment (in whole or in part) of any of the Obligations is invalidated, declared to be fraudulent or preferential, set aside, rescinded or must otherwise be restored by any Secured PartyParty or any holder of any Note, upon the insolvency, bankruptcy, bankruptcy or reorganization (of any Borrower or similar event) of the Borrower, any other Obligor or otherwise, all as though such payment had not been made.

Appears in 1 contract

Samples: Subsidiary Guaranty (World Almanac Education Group Inc)

Reinstatement, etc. Each The Guarantor hereby jointly and severally agrees that this Guaranty shall continue to be effective or be reinstated, as the case may be, if at any time any payment (in whole or in part) of any of the Guaranteed Obligations is invalidated, declared to be fraudulent or preferential, set aside, rescinded or must otherwise be restored by any Secured Lender Party, including upon the insolvency, bankruptcy, reorganization (or similar event) occurrence of any Default set forth in Section 8.1.9 of the Borrower, any other Obligor Credit Agreement or otherwise, all as though such payment had not been made.

Appears in 1 contract

Samples: Parent Guaranty (Aegis Communications Group Inc)

Reinstatement, etc. Each Guarantor hereby jointly and severally agrees that this Guaranty shall continue to be effective or be reinstated, as the case may be, if at any time any payment (in whole or in part) of any of the Guaranteed Obligations is invalidated, declared to be fraudulent or preferential, set aside, rescinded or must otherwise be restored by any Secured PartyPurchaser, upon the insolvency, bankruptcy, bankruptcy or reorganization (or similar event) of the BorrowerCompany, any other Obligor Guarantor or otherwise, all as though such payment had not been made.

Appears in 1 contract

Samples: Usn Communications Inc

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