Reinstatement of Obligations. The obligations of the Sponsor pursuant to the Operative Documents shall continue to be effective or be reinstated, as the case may be, if at any time payment or any part thereof, of principal of, interest on or any other amount with respect to any Loan or any obligation of Sponsor pursuant to the Operative Documents is rescinded or must otherwise be restored by the Servicer or any Participant upon the bankruptcy or reorganization of Sponsor, any Borrower or any guarantor or otherwise.
Appears in 10 contracts
Samples: Loan Facility Agreement and Guaranty (Aaron Rents Inc), Loan Facility Agreement and Guaranty (Aaron's Inc), Loan Facility Agreement and Guaranty (Ruby Tuesday Inc)
Reinstatement of Obligations. The obligations of the Sponsor pursuant to the Operative Documents shall continue to be effective or be reinstated, as the case may be, if at any time payment or any part thereof, of principal of, interest on or any other amount with respect to any Loan or any obligation of the Sponsor pursuant to the Operative Documents is rescinded or must otherwise be restored by the Servicer or any Participant upon the bankruptcy or reorganization of the Sponsor, any Borrower or any guarantor or otherwise.
Appears in 6 contracts
Samples: Loan Facility Agreement and Guaranty (Aaron's Inc), Loan Facility Agreement and Guaranty (Aaron's Inc), Loan Facility Agreement and Guaranty (Aaron's Company, Inc.)
Reinstatement of Obligations. The obligations of the Sponsor pursuant to the Operative Documents shall continue to be effective or be reinstated, as the case may be, if at any time payment or any part thereof, of principal of, interest on or any other amount with respect to any Loan or any obligation of Sponsor pursuant to the Operative Documents is rescinded or must otherwise be restored by the Servicer or any Participant Bank upon the bankruptcy or reorganization of Sponsor, any Borrower or any guarantor or otherwise.
Appears in 1 contract
Samples: Loan Facility Agreement and Guaranty (Aaron Rents Inc)
Reinstatement of Obligations. The obligations of the Sponsor pursuant to the Operative Documents shall continue to be effective or be reinstated, as the case may be, if at any time payment or any part thereof, of principal of, interest on or any other amount with respect to any Loan or any obligation 59 65 of Sponsor pursuant to the Operative Documents is rescinded or must otherwise be restored by the Servicer or any Participant upon the bankruptcy or reorganization of Sponsor, any Borrower or any guarantor or otherwise.
Appears in 1 contract
