Common use of Reinstatement of Guaranty Clause in Contracts

Reinstatement of Guaranty. If any payment or transfer of any ------------------------- interest in property by the Guaranteed Borrower to the Agent or any Bank in fulfillment of any Guaranteed Obligation is rescinded or must at any time (including after the return or cancellation of this Guaranty) be returned, in whole or in part, by the Agent or any Bank to the Guaranteed Borrower or any other Person, upon the insolvency, bankruptcy or reorganization of the Guaranteed Borrower or otherwise, this Guaranty shall be reinstated with respect to any such payment or transfer, regardless of any such prior return or cancellation.

Appears in 3 contracts

Samples: Multicurrency Credit Agreement (Apw LTD), Apw LTD, Apw LTD

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Reinstatement of Guaranty. If any payment or transfer of any ------------------------- interest in property by the Guaranteed Borrower to the Agent or any Bank Lender in fulfillment of any Guaranteed Obligation is rescinded or must at any time (including after the return or cancellation of this Guaranty) be returned, in whole or in part, by the Agent or any Bank Lender to the Guaranteed Borrower or any other Person, upon the insolvency, bankruptcy or reorganization of the Guaranteed Borrower or otherwise, this Guaranty shall be reinstated with respect to any such payment or transfer, regardless of any such prior return or cancellation.

Appears in 2 contracts

Samples: Central Financial Acceptance Corp, Hispanic Express Inc

Reinstatement of Guaranty. If any payment or transfer of any ------------------------- interest in property by the Guaranteed Borrower to the Agent or any Bank in fulfillment of any Guaranteed Obligation is rescinded or must at any time (including after the return or cancellation of this Guaranty) be returned, in whole or in part, by the Agent or any Bank to the Guaranteed Borrower or any other Person, upon the insolvency, bankruptcy or reorganization of the Guaranteed Borrower or otherwise, this Guaranty shall be reinstated with respect to any such payment or transfer, regardless of any such prior return or cancellation.

Appears in 2 contracts

Samples: Multicurrency Credit Agreement (Apw LTD), Apw LTD

Reinstatement of Guaranty. If any payment or transfer of any ------------------------- interest in property by the Guaranteed any Subsidiary Borrower to the Agent or any Bank in fulfillment of any Guaranteed Obligation is rescinded or must at any time (including after the return termination or cancellation of this Guarantyguaranty) be returned, in whole or in part, by the Agent or any Bank to the Guaranteed Subsidiary Borrower or any other Person, upon the insolvency, bankruptcy or reorganization of the Guaranteed Subsidiary Borrower or otherwise, this Guaranty guaranty shall be reinstated with respect to any such payment or transfer, regardless of any such prior return or cancellation. 9.9.

Appears in 1 contract

Samples: Assignment Agreement (Nike Inc)

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Reinstatement of Guaranty. If any payment or transfer of any ------------------------- interest in property by the Guaranteed Borrower to the Agent or any Bank in fulfillment fulfilment of any Guaranteed Obligation is rescinded or must at any time (including after the return or cancellation of this Guaranty) be returned, in whole or in part, by the Agent or any Bank to the Guaranteed Borrower or any other Person, upon the insolvency, bankruptcy or reorganization of the Guaranteed Borrower or otherwise, this Guaranty shall be reinstated with respect to any such payment or transfer, regardless of any such prior return or cancellation.

Appears in 1 contract

Samples: Apw LTD

Reinstatement of Guaranty. If any payment or transfer of any ------------------------- interest in property by the Guaranteed Borrower to the Administrative Agent or any Bank Lender in fulfillment of any Guaranteed Obligation obligation is rescinded or must at any time (including after the return or cancellation of this Guaranty) be returned, in whole or in part, by the Administrative Agent or any Bank Lender to the Guaranteed Borrower or any other Person, upon the insolvency, bankruptcy bankruptcy, or reorganization of the Guaranteed Borrower or otherwise, this Guaranty shall be reinstated with respect to any such payment or transfer, regardless of any such prior return or cancellation.

Appears in 1 contract

Samples: Revolving Credit Agreement (Anixter International Inc)

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