Reinstatement of Subordination. If, at any time, all or part of any payment of any Senior Indebtedness theretofore made by the Company or any other Person is rescinded or must otherwise be returned by the holders of such Senior Indebtedness for any reason whatsoever (including, without limitation, the insolvency, bankruptcy or reorganization of the Company or such other Person), these subordination provisions shall continue to be effective or be reinstated, as the case may be, all as though such payment had not been made.
Reinstatement of Subordination. The obligations of each holder of the Subordinated Indebtedness under the subordination provisions set forth herein shall continue to be effective, or be reinstated, as the case may be, as to any payment in respect of any Senior Indebtedness that is rescinded or must otherwise be returned by the holder of such Senior Indebtedness upon the occurrence or as a result of any proceeding, all as though such payment had not been made.
Reinstatement of Subordination. The obligations of each holder of Subordinated Debt under the provisions set forth in this Section 7 shall continue to be effective, or be reinstated, as the case may be, as to any payment in respect of any Senior Debt that is rescinded or must otherwise be returned by the holder of such Senior Debt upon the occurrence or as a result of any bankruptcy or judicial proceeding, all as though such payment had not been made.
Reinstatement of Subordination. 55 Section 10.10. Permitted Payments................................................................ 55 Section 10.11. Article Applicable to Paying Agents............................................... 55 Section 10.12.
Reinstatement of Subordination. 54 Section 10.10.
Reinstatement of Subordination. The obligations of each holder of Subordinated Debt under the provisions set forth in this Section 10 shall continue to be effective, or be reinstated, as the case may be, as to any payment in respect of any Senior Debt that is rescinded or must otherwise be returned by the holder of such Senior Debt upon the occurrence or as a result of any bankruptcy or judicial proceeding, all as though such payment had not been made, and provided that such payment is returned to the bankruptcy estate of the Company.
Reinstatement of Subordination. 33 7.10 Obligations Not Impaired.................................. 33 7.11 Payment of Senior Debt; Subrogation....................... 33 7.12 RELIANCE OF HOLDERS OF SENIOR DEBT; ACKNOWLEDGMENT........ 34 7.13 Identity of Holders of Senior Debt........................ 34 7.14
Reinstatement of Subordination. The Designated Senior Indebtedness will continue to be treated as Designated Senior Indebtedness and the terms and conditions set forth in this Article 9 shall continue to govern the relative rights and priorities of Designated Senior Lenders and the Holder even if and to the extent all or a portion of the Designated Senior Indebtedness or the security interests securing the Designated Senior Indebtedness are subordinated, set aside, avoided, invalidated or disallowed in connection with any bankruptcy, insolvency, receivership, or other proceedings, and the provisions in this Article 9 will be reinstated if at any time any payment of any of the Designated Senior Indebtedness is rescinded or must otherwise be returned by any Designated Senior Lender or its Representative.
Reinstatement of Subordination. The obligations of the Subordinated Lender under this Agreement shall continue to be effective, or be reinstated, as the case may be, if at any time any payment in respect of any Senior Debt, or any other payment to any Senior Lender, is rescinded or must otherwise be restored or returned by such Senior Lender upon the occurrence of any proceeding referred to in subsection 2.3 hereof, or upon or as a result of the appointment of a receiver, intervenor or conservator of, or trustee or similar officer for, the Borrower or any substantial part of its property, or otherwise, all as though such payment had not been made.
Reinstatement of Subordination. To the extent that Maker or any guarantor of or provider of collateral for the Senior Indebtedness makes any payment on the Senior Indebtedness that is subsequently invalidated, declared to be fraudulent or preferential or set aside or is required to be repaid to a trustee, receiver or any other party under any bankruptcy, insolvency or reorganization act, state or federal law, common law or equitable cause (such payment being hereinafter referred to as a “Voided Payment”), then to the extent of such Voided Payment, that portion of the Senior Indebtedness that had been previously satisfied by such Voided Payment shall be revived and continue in full force and effect as if such Voided Payment had never been made. In the event that a Voided Payment is recovered from any holder of the Senior Indebtedness, a default in the payment of the relevant Senior Indebtedness shall be deemed to have existed and to be continuing from the date of such holder of the Senior Indebtedness initial receipt of such Voided Payment until the full amount of such Voided Payment is restored to such holder of the Senior Indebtedness. During any continuance of any such payment default, this Article IV and the last paragraph of Section 3.2 shall be in full force and effect with respect to the obligations hereunder.
